Maharashtra is one of the five states that procure power from Tata Power's Mundra ultra mega power plant in Gujarat.
The project is required to be commissioned within 18 months from the date of execution of the PPA
The plant is expected to generate about 300 million units of energy per year and will annually offset nearly 300 million kg of CO2
In April, Tata Power received $110 Million from sale of its stake in South African joint venture Cennergi, which is to be utilised to repay loans in the June Quarter
TPCODL was incorporated on April 6, 2020 as a wholly-owned subsidiary of GRIDCO Limited (GRIDCO) to carry out the business of Central Electricity Supply Utility of Odisha (CESU).
KPMG's exit from the mandate means the entire process will now start afresh, led by RInfra itself
Government sell-off is a stimulus for itself and might not work at this juncture
The deal, Modernisation of Air Field Infrastructure Phase 2 (MAFI-2), follows from an earlier contract, called MAFI-1, which TPSED won in 2011 to upgrade 30 IAF airfields.
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the quarter was up 6 per cent at Rs 2,013 crore as compared to Rs 1,901 crore during the previous quarter
Union Territories directly come under the central government. Hence, the path to privatisation is easier
Clouding the valuation will be dues to generation firms and a possible CAG audit
MSCI India Domestic Small Cap Index, on the other hand, has seen 52 deletions which include BSE, Venky's India, Jammu & Kashmir Bank, Power Finance Corporation and Dish TV India
The new contract is a continuation of a previous order, must be executed over next four years
Piramal Enterprises's (PEL's) Rs 3,000 crore fundraising is through debentures.
Piramal, Tata Power, and TVS group units figure in list
Reputed conglomerates are opting for moratorium on debt servicing
With this project, the order book of Tata Power Solar stands at Rs 8,541 crore including external and internal orders.
The largest investment was made in Tata Steel, with Tata Sons buying shares worth Rs 222 crore at an average price of Rs 287 per share
The decision to postpone came after a meeting was convened by the Union power secretary on Monday.
Tata Power will be responsible for providing a range of AC and DC chargers, starting from 7 kW to 50 kW capacity, JLR India said in a statement