Tata Communications

Tata Communications on Monday said it has issued commercial papers to raise Rs 465 crore. The commercial papers has been issued on February 21 with May 23, 2025 as date of redemption, the company said in a regulatory filing. "Tata Communications Limited has issued and allotted Commercial Paper aggregating to an amount of Rs 465 crore. The said Commercial Paper is listed on National Stock Exchange of India Limited on February 24, 2025," the filing said. The face value per security is Rs 5 lakh. The company has offered a discount of 7.47 per cent per annum on the security.

Both companies will work on citizen-centric applications, digital public infrastructure, and scalable e-governance solutions for both public and private enterprises

The company remains open to strategic acquisitions and continues to review subsidiaries, CFO said

Tata Communications revenues from operations stood at Rs 5,798 crore for the quarter ending December 2024, registering a growth of 3.8 over Rs 5,587.78 crore reported during the same quarter in 2023

Through the Tata Communications MOVE platform, JLR aims to enhance its connected vehicle ecosystem, transforming the driving experience for customers worldwide

Tata Group companies' shares increased following reports of Tata Capital planning to raise Rs 15,000 crore through an initial public offering (IPO)

Weak Q2 show that led to recent weakness in stock price likely to weigh on near-term outlook

Tata Communications will upgrade its Artificial Intelligence (AI) cloud infrastructure in India in collaboration with Nvidia

The firm posted revenue of Rs 5,767 crore ($686 million) for the three months ended Sept. 30, as compared to Rs 4,873 crore a year earlier

Thus far in CY24, Voltas (up 81%), Tata Investment Corporation (53%), Tejas Networks (31%), Tata Power (35%), Nelco (20%),Tata Steel (18%) and Tata Communications (13%) have outperformed the Sensex.

Revenue from the data services business, which contributes more than 80 per cent to the total, climbed 20 per cent, on the back of a 52 per cent growth in its digital portfolio

Tata Communications on Thursday said it has raised USD 250 million sustainability loan from DBS Bank, ANZ and Export Development Canada (EDC). The loan is of a five-year tenor, and is called as a sustainability-linked loan (SLL), wherein progress on carbon emission targets will determine the costs, according to a statement. The interest rate margin of the loan will be adjusted up or down in accordance with the progress that Tata Communications will achieve on its carbon emission reduction targets, it explained, claiming that this is a first of its kind transaction in India. Such short-term targets, creating a link between the cost of banking facilities and progress achieved on key environmental milestones, are consistent with the company's longer-term ambition to be Net Zero across its global operations by 2035, the statement said. DBS Bank India's head of institutional banking group Rajat Verma hinted at other corporations also opting for similar facilities, and said the lender lo

ANZ acted as the lead sustainability coordinator for the loan, while DBS Bank and EDC were the joint sustainability coordinators

On Thursday, shares of Tata Communications surged by 2.62 per cent at Rs 1,879.90 a piece on the BSE in intraday trade

Achieving this will require higher capex and opex, totalling $300 million in FY25, and is projected to be at a capex-to-sales range of 10-11 per cent. By FY27

The calls will be routed via Tata Communications' data centre in the Mumbai region, thereby helping organisations stay compliant with local regulations

The acquired businesses' revenue grew 4 per cent QoQ to Rs 950 crore

Stocks to watch on Thursday, April 18, 2024: Vi FPO opens today. Bajaj Auto and Infosys scheduled to report Q4 results; analysts expect single-digit growth in revenues from the latter.

Tata Communications' consolidated profit declined marginally to Rs 321.55 crore in the fourth quarter ended on March 31, 2024, according to a regulatory filing. The company posted a profit of Rs 326.64 crore in the same period a year ago. The consolidated revenue of Tata Communications during the reported quarter increased by 24.5 per cent to Rs 5,691.7 crore from Rs 4,568.66 crore in the same quarter a year ago. For the year ended on March 31, 2024, net profit declined to Rs 969.58 crore from Rs 1,800.87 crore at the end of 2022-23. The annual income from operations of Tata Communications increased by 17.5 per cent to Rs 20,968.82 crore in fiscal year 2024 from Rs 17,838.26 crore in fiscal year 2023. The company's board approved re-appointment of managing director and CEO A S Lakshminarayanan for a second term starting November 26, 2024 till April 13, 2026.

Tata Power Renewable Energy Ltd (TPREL) has signed an agreement worth Rs 105 crore with Tata Communications to set up a 18.75 MW captive solar plant in Maharashtra. Located in Aachegaon, Maharashtra, the plant is projected to generate approximately 40 million units (MUs) of power while offsetting more than 30,000 tonne of CO2 emissions annually, Tata Power said in a statement. TPREL has signed a power delivery agreement with Tata Communications for a 18.75 MW group captive solar power plant, it said. "We partner with Tata Communications to support their transition to renewable energy and duly enable their progress in the digital ecosystem arena for being a market leader in Commtech space. Our customised green energy solutions such as group captive solar will not only reduce operating costs but also increase energy efficiency," TPREL CEO and MD Deepesh Nanda said. TPREL, an arm of Tata Power, has achieved a milestone by surpassing a capacity of over 1.5 gigawatts (GW) in group capti