Page 25 - Tata Power

Blame game begins between MSETCL, Tata Power over Mumbai power outage

A blame game has begun between Tata Power and state-run transmission utility Mahatransco over the massive power outage in the financial capital earlier this week. Mahatransco (Maharashtra State Electricity Transmission Company Limited - MSETCL) Chairman and Managing Director Dinesh Waghmare said Tata Power's plants took time to start generating electricity following the grid collapse on Monday morning, resulting in the specially created 'islanding' system not working. Hydel power stations can start generating power in 10 minutes, but Tata Power's took over five hours, while its thermal power stations came on board only past midnight, resulting in longer time required for restoration of power to residents, Waghmare told a TV news channel on Thursday. Countering this, Tata Power on Friday said "the inconvenience caused to the Mumbai consumers was due the MSTECL transmission system failure which led to cascading impact on all the downstream suppliers of electricity including Tata Power

Tata Power signs PPA with Apollo Gleneagles for solar carport in Kolkata

Tata Power on Tuesday said it has signed a power purchase agreement with Apollo Gleneagles Hospitals, Kolkata to commission a solar carport in the city. This will be the biggest solar carport project in the country's health sector, spreading over 40,000 sq feet, officials said. With 335Kwp capacity, the project is expected to generate approximately 4.26 lakh units annually for the hospital, which is equivalent to about 4-5 per cent of the health facility's power consumption, they said. "The carport project is with our motto of doing our bit for the environment by reducing our carbon footprint estimated at 80,000 grams per annum," Apollo Gleneagles Hospitals Group CEO (eastern region) Rana Dasgupta said. The solar carport will have a capacity of keeping 125 -150 vehicles, he said. The capital expenditure for the project will be borne by Tata Power and the electricity will be sold to the hospital at an agreed price, officials said. The hospital will buy entire power ..

Tata Power, India Power Corporation submit bids for three discoms in Odisha

The bids were called earlier this year for Western, Southern and Northern Electricity Supply Companies, namely WESCO, SOUTHCO and NESCO.

Hits trump misses in power firms' $4.4-billion acquisition spree

Acquisitions by Tata Power, Adani Power & JSW Energy were profitable in FY20

Tata Power wins Rs 490 cr defence order for all-weather rocket system

Contract to be executed in 31 Months after accord of Bulk Production Clearance, and once First off Production Model is validated

L&T, BEML, Tata Power rise on Rs 2,580 crore deal with Defence Ministry

The Acquisition Wing, Ministry of Defence signed contracts with Bharat Earth Movers Ltd (BEML), Tata Power Company Ltd (TPCL), and Larsen & Toubro (L & T) on August 31.

Energy companies go green, change tack from coal to renewables

Covid has brought to fore the need for sustainable development. A two-part series examines the shift in energy sector

Railways meets solar power developers for zero carbon emission goal

The railways has developed a mega plan for installing solar plants of 20-GW capacity by utilising its vacant land by 2030

25% of Nifty50 stocks have changed in 5 years; here are top entries & exits

Bharat Heavy Electricals, Vedanta, and Tata Power are some of the high-profile exits in the past five years

Tata Power looks to use preference share, divestment proceeds to cut debt

In an investor presentation on Tuesday, Tata Power said the company aims to sustain net debt below Rs 25,000 crore beyond FY21

Power stks zoom as Cabinet ups lending limits for discoms; Tata Power up 8%

Currently, discoms can borrow only up to 25 per cent of their previous year's working capital under the limits stipulated in the UDAY scheme. The limit, however, has now been relaxed

Tata Power to explore M&A opportunities in renewable energy space

Tata Power, which is sitting on a debt of over Rs 43,000 crore, is eyeing Rs 9,000 crore revenues from its renewable energy operations by FY2025

Improving demand, merger plan charge up Tata Power's outlook; shares up 8%

Debt reduction, equity infusion, expected tariff hike for Mundra plant bode well

Tata Power rallies 8% on merger proposal with 3 wholly-owned subsidiaries

That apart, the company's net profit rose by 10% to Rs 268 crore for quarter ended June on the back of reduced expenses, compared to a net profit of Rs 243 crore reported in the year-ago period

Tata Power consolidated profit before tax falls 31% in June quarter

During April-June, the firm reported a total income of Rs 6,540 crore as compared to Rs 7,874 crore in the year-ago quarter

Tata Power announces merger of three wholly-owned subsidiaries with itself

The company said the merger is part of a strategic initiative to simplify the group holding structure and a broader plan to set the company for future growth through fiscal consolidation

Tata Power to raise green energy portfolio to 50% with focus on renewables

Tata Power currently has a consumer base of 2.5 million and it aims to quadruple it to 10 million over the next five years

No clarity on resolution for CGPL's Mundra plant issue: Chandrasekaran

CGPL has inked pacts to supply 1,805 MW to Gujarat, 760 MW to Maharashtra, 475 MW to Punjab, and 380 MW each to Rajasthan and Haryana

Solar power counts the price for bidding cheap in race for projects

Even as companies are stretching themselves for funds, calling for a clarity in government policy, Shreya Jai explains the problems pulling down solar power

Tata Sons plans to infuse more funds into Covid-hit group entities

According to a person in the know, group firms affected the most were the airline, hotel, housing, and financial services verticals.