Tata Power, which currently has 5 GW renewable energy capacity in large projects, will add another 5 GW capacity in the next one to two years and expand that to more than 20 GW by 2030
The company's consolidated revenue for Q1FY24 was Rs 15,003 crore, reflecting a minimal increase of 2 per cent
Tata Power on Thursday said it has re-appointed Praveer Sinha as the company's Chief Executive Officer (CEO) and Managing Director. His re-appointment to the top post is for a period of four years from May 1, 2023, to April 30, 2027, subject to the approval of the members of the company, Tata Power said in a regulatory filing. "Based on the recommendation of the Nomination and Remuneration Committee, the Board, at its meeting held on March 30, 2023, approved the re-appointment of Praveer Sinha as the CEO & MD of the company," it added. His present tenure as a CEO and MD is scheduled to conclude on April 30, 2023. "Under his current leadership, Tata Power is at the forefront of transforming itself from a century-old power utility company into a new-aged sustainable, technology-oriented and customer-centric green energy solutions company," the company said. A PhD from the Indian Institute of Technology, Delhi, Sinha is a visiting Research Associate at Massachusetts Institute of ...
Tata Power aims to operationalise its solar cell and module facility being set up in Tamil Nadu by December-end of this year, the company's CEO & MD Praveer Sinha said. In July 2022, Tata Power inked a pact with the Tamil Nadu government to invest Rs 3,000 crore for setting up a new facility to manufacture solar cells and modules in Tirunelveli district of the state. The construction work is going on in full swing. The equipment to set up the unit have already been ordered. The aim is to make the plant operational by December-end of this year, Sinha told PTI. He made the remarks in a reply to a question on the timeline of the project. As per the Memorandum of Understanding (MoU) with the Tamil Nadu government, Tata Power company has to set up a greenfield 4GW solar cell and 4GW solar module manufacturing plant in the southern state. "We expect the module plant to be ready by August-September and roll out the modules September onwards. We are at a very advanced stage of ...
Tata Power CEO and MD Praveer Sinha announced a Rs 6,000 crore capital investment by the company in Odisha
In the year-ago period, Tata Power reported a consolidated net profit of Rs 391.03 crore
Currently CEO & MD of Tata Power Delhi Distribution, Sinha has been credited with transforming the power distribution sector and setting up power plants in India and abroad