Page 32 - Tata Power

Tata Power Q4 net profit drops 92%; declares dividend of Rs 1.30 per share

Total income of the company in the fourth quarter was Rs 7,416.89 crore compared to Rs 7,281.02 crore a year ago

Tata Power may pull the plug on new coal power, says study

Tata Power's debt laden and stranded power asset at Mundra (Gujarat) is viewed as the trigger for the company to abjure fresh coal-fired capacities

Cut tariff before buying stressed asset: UP energy regulator to Tata Power

Amid large scale stressed energy assets on block, the order can set pan India precedent

We'd surely look at more stressed assets, but we'd be choosy: Tata Power

The firm has strict terms on coal supply, PPAs and quality of assets, and is being cautious about green energy projects as well

Tata Power's quarterly profit plunges nearly 67%; hit by higher expenses

Seven analysts on an average expected the company to post a profit of Rs 3.95 billion

Tata Power to set up 1,000 charging points for electric vehicles in NCR

It would also to partner other entities, such as malls, metro rail stations, hospitals, hotels, etc, beside own franchisees

New resolution may help cut Mundra losses by half: Tata Power CEO

The renewable portfolio is expanding, we keep on bidding regularly, said the CEO

Tata Power Q2 net profit jumps 85% due to strong show by renewables

Tata Power said its board has also approved plan to raise up to Rs 55 billion through issuance of NCDs on a private placement basis

Tata Power completes $770 million ECB refinancing for Mundra UMPP

The company expects the refinancing will help reschedule the cash requirements, pare the effective interest cost and reduce foreign exchange related volatility for the Mundra subsidiary

Tata Power completes $770 million ECB refinancing for Mundra UMPP

Firm expects the refinancing to help reschedule cash requirements, pare effective interest cost apart and reduce forex-related volatility for Mundra subsidiary

Tata Power in transitory phase as non-operating income boosts profitability

Tata Power's net debt to equity ratio improved to 2.26 in the June quarter against 3.10 seen in the same period a year back

Tata Power Q1 profit crosses Rs 16 bn with a five-fold jump, tops estimates

The company sold investments in Tata Communications Ltd and Panatone Finvest Ltd, netting an exceptional gain of Rs 18.97 billion during the quarter

Tata Power to ramp up renewable capacity fourfold; plans $ 5 bn push

The company has said previously it expects as much as half of its capacity to be based on non-fossil fuels by 2025 compared to 30% now

Tata Power posts Q4 profit at Rs 15 bn, declares 130% dividend for FY18

For the 2017-18, the company's consolidated net profit stood at Rs 26.79 billion, against Rs 10.99 billion in the previous financial year

Tata Power gets the ball rolling on monetising non-core assets

This deals would, however, give Rs 43.85 bn against Tata Power's consolidated debt of Rs 489.82 bn

Tata Power sells defence business to Tata Sons' subsidiary for Rs 22.30 bn

SED is a non-core defence electronics division of the company, engaged in business of indigenous design, development, production, integration, supply and life cycle support of mission critical defence

Tata Power Q3 net profit marginally declines to Rs 6.11 billion

The company also reported deferred tax to the extent of Rs 2.72 bn on indexation benefit

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