Page 30 - Tata Power

Tata Power gets mining license project in Russia worth $4.7 mn

To use mined coal for Mundra, Trombay power plants

All-round recovery for Tata Power may take a while

About a year back, when Tata Power acquired the business of Welspun Renewables, analysts were quite critical of the deal as they felt that Tatas overpaid Welspun to get a head start in the renewable space. However. September quarter (Q2) performance of Tata Power puts to rest these criticisms. It cushioned the company in Q2 when it had to take an Rs 1,100 crore hit due to Tata-DoCoMo settlement. Q2's revenues rose by seven per cent year-on-year to Rs 7,393 crore. While this may not appear to be a robust growth number, it still bettered the Street's expectation.If the non-renewables business grew by 12 per cent to Rs 7,637 crore in Q2, the renewables business' revenues more than doubled to Rs 876 crore in Q2, thanks to the Welspun acquisition. While renewables contribute to only 10 per cent of Tata Power's total revenues, its relevance is only expected to move up in the coming quarters. Considering the widening under-recoveries in the Mundra ultra-mega power plant (UMPP), operating ...

Tata Power's renewable portfolio profit jumps 101% to Rs 173 cr in Q2

The non-fossil fuel portfolio stood at 3,210 Mw as of Sunday, a healthy increase from the corresponding quarter last year

Tata Power Q2 net profit declines 45% at Rs 234 cr

The firm's consolidated PAT stood at Rs 386 cr as compared to Rs 427 cr in the second quarter of last fiscal

Global investors to infuse nearly $840 mn in power projects: Tata power CEO

ANIL SARDANA, managing director & chief executive officer at Tata Power, to Nirmalya Behera & Jayajit Dash on current issues and strategy. Edited excerpts:What are your plans to build a green energy portfolio? How will the additional investments be funded? We have ambitious plans to keep fuelling multifold growth across the value chain. We have gross generation capacity of 10,613 Mw, of which clean energy is 3,141 Mw, making us one of the largest non-fossil based energy players in India. To aggregate its clean and renewable energy portfolio, Tata Power has initiated the process of carving out 500 Mw of clean energy assets from its books into Tata Power Renewable Energy. This is a 100 per cent subsidiary and has an operating capacity of 1,959 Mw, comprising 907 Mw in wind, 932 Mw in solar and 120 Mw of waste heat generation capacity.We have reiterated our commitment to clean energy and have announced our non-fossil fuel energy output to be 35-40 per cent by 2025. The company is

Tata Power hits four-month high on heavy volumes

The stock was up 7% to Rs 86.70 in intra-day trade on BSE, also its highest level since April 25, 2017.

Tata Power to monetise non-core assets to trim its near Rs 49,000-cr debt

It also continues to explore options to resolve issues related to financially crippled CGPL

Tata Power enters electric vehicle charging segment

Private power producer Tata Power, the Company has installed their first Electric Vehicle charging station in Mumbai, part of sustainable business initiative."As part of its commitment towards sustainability and another green milestone, the company its first Electric Vehicle charging station at Tata Power Receiving Station at Vikhroli, Mumbai," the company said in its statement.On its future plans, the company added, it plans to set up charging stations at various locations in Mumbai and is already in discussions with various stakeholders.The company further added it aims to build a network to make it easier for people to adapt to electric vehicles and be future ready. "Tata Power has taken this initiative of providing charging stations along with Mass - Tech Controls," the company said in its statement.These chargers would facilitate electric car users to charge their cars (Battery Electric Vehicles such as the Mahindra e2o, Nissan Leaf, etc) at any time safely and conveniently, the .

Tata Power JV completes $420-mn hydro project in Georgia

Shuakhevi hydroelectric project is the largest hydro-power plant built in Georgia in past 5 decades

Tata Power's border management system to fortify BSF

It will extend system to all types of terrain as and when required by BSF on short timelines

Tata Power to boost power supply, last-mile distribution in Jammu & Kashmir

TPDDL, an arm of Tata Power, would lend its technical assistance to its parent company

Tata Power may sell cross-holdings after Mundra tariff order

It holds stakes in seven listed companies of the group, including Nelco, Tata Communications, Volta

Tata Power's renewable energy capacity crosses 2,000 Mw mark

In keeping with its commitment to generate 30-40% power by 2025 through renewable sources of energy

Tata Power's generation crosses 52,000 million unit mark in FY17

The company also reported capacity increase by 16 per cent in FY17 as compared to FY16.

Tata Power posts surprise Rs 247 crore Q4 loss on one-time charge

Consolidated exceptional loss towards contractual obligations amounted to Rs 651 crore

Tata Power ropes in ex-Cabinet secy Chandrasekhar as independent director

Chandrasekhar discharged his responsibilities at executive positions from over 40 firms

SC order credit negative for Tata Power rating: Moody's

Tata Power in view of higher coal prices is credit negative, but does not impact its Ba3 rating

Tata Power generates 51k MUs of power for first time in FY17

Private player Tata Power today said electricity generation from all its plants collectively crossed 51,000 Million Units (MUs) in 2016-17. It also reported significant increaseof 15.2 per cent in output, with its total power generation capacity at10,577 MWfrom various fuel sources such as thermal, hydroelectric power, renewable energy (wind and solar PV) and waste heat recovery. According to a statement by the company, it also has a significant presence in the clean energy space with a gross installed capacity of 3,141 MW. In 2016-17, Tata Power's total customer base crossed the 2.6 million mark, as Mumbai Distribution's consumer base crossed 6,70,000 customers with over 1 lakh consumers on Tata Power's wires. The AT&C losses at Delhi (TPDDL) are expected to be 8.60 per cent last fiscal, one of the lowest in the country, as against DERC target of 10.50 per cent, it said. Training & Certification of employees and contract workmen was carried out in collaboration with Tata

Tata Power Odisha unit: Locals plan Singur-type stir

Land losers of Tata Power's 1000 Mw coal-based power project originally supposed to come up at Naraj near Cuttack, are bracing for an agitation on the lines of their counterparts in Singur (West Bengal) who had demanded return of land lost for the Tata Motors' Nano project.With Tata Power relocating its project and later purportedly shelving it, the land losers are left with no livelihood option. People in five villages- Mundali, Talagarh, Naraj-Marthapur, Ramdaspur and Nuagaon had lost 1200 acres of agricultural land for the project that never took off. The one-time compensation paid by the company for their surrendered lands is no solace for the people who are now battling for survival.The land losers have staged a protest banner titled 'Sidheswar Anchalika Surakhya Committee', demanding return of their lands. The committee has sought the intervention of Prime Minister Narendra Modi to rescue them from the plight."The farmers who had lost their lands urge upon you to defuse this ...

Tata Power arm undertakes solar microgrid project in Odisha

The project will benefit 255 persons in Baliapal village with uninterrupted power