Page 11 - Tata Power

Stocks to Watch: SBI, Vodafone Idea, Paytm, ITC, IndiGo, DCB Bank, Marico

Stocks to Watch: Paytm has narrowed its consolidated net loss to Rs 392 crore in Q3FY22. The company had posted a net loss of Rs 778.4 crore a year ago

Tata Power to operationalise solar cell, module facility by Dec: CEO Sinha

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 ...

Distribution helps Tata Power log over two-fold rise in Q3 net to Rs 945 cr

The company's consolidated earnings before interest tax depreciation and amortisation (Ebitda) grew 53 per cent versus last year to Rs 3,816 crore

Tata Power ties up with Contour for digital trade finance network

Tata Power on Monday said it has partnered with Contour, a leading digital trade finance network based out of Singapore, to make its financial management process more robust, transparent and efficient. Contour's network uses decentralised technology (blockchain) to bring together companies, banks and ecosystem partners, onto a trusted network, to help create a streamlined digital trade finance workflow, a statement said. The integration enables trusted data flow across the world's trade routes and current fragmented ecosystems it explained. Manual and paper-based processes in finance slow trade growth by creating additional complexity and costs. "Tata Power's collaboration with Contour will pave the way for a seamless trade finance process one that can be made significantly efficient with the robust blockchain-based solution," Sanjeev Churiwala, Chief Finance Officer, Tata Power said in the statement. By joining Contour's network, Tata Power is implementing an end-to-end digital

Rebound in power demand to fire up related stks over medium-term: Analysts

On the bourses, shares of Adani Power, Adani Transmission, CG Power, NHPC, NTPC, and Adani Green Energy have surged up to 61 per cent so far in FY23, ACE Equity data shows

Tata Power plans to set up 25,000 EV charging points across India

The company said it has been at the helm of providing EV charging solutions across the country, with facilities for homes, workplaces, fleet stations, public locations

Tata Power Renewables Ltd to set up 3 MW solar plant in Maharashtra

Tata Power Renewables Limited (TPREL) on Wednesday said it will set up a 3.125 MW solar plant at Himayatnagar in Maharashtra

Sensex up 4.4% in 2022; ends last trading day 293 pts lower at 60,841

CLOSING BELL: The NSE Nifty 50 declined 86 points to 18,105, and was up 4.3 per cent for the year 2022. Broader indices - the BSE Midcap and Smallcap outperformed in trades on Friday.

Tata Power raises Rs 1,000 cr capital through non-convertible debentures

Tata Power on Thursday said it has raised Rs 1,000 crore through the issuance of non-convertible debentures on a private placement basis. In a regulatory filing, the company said it has allotted 10,000 unsecured, redeemable, taxable, listed, rated, Non-Convertible Debentures (NCDs) worth Rs 1,000 crore, on private placement basis. The maturity of Series I NCDs worth Rs 500 crore is scheduled on January 8, 2030 while the Series II NCDs worth Rs 500 crore would mature on December 29, 2032, it added. The NCDs would be listed on BSE.

Sensex snaps 4-day losing streak, ends 721 pts up; Nifty reclaims 18,000

CLOSING BELL: The NSE Nifty shut shop at 18,015, up 208 points. Broader indices outperformed the benchmarks with gains of up to 3 per cent.

Stocks to Watch: Suven Pharma, Telecom, Restaurant, Travel, DLF, Tata Power

Stocks to Watch: Shares of restaurant and travel related firms are likely to be in foucs as government ups the ante to keep the new variant of Coivd-19 virus at bay.

Tata Power plans to raise up to Rs 2,000 cr via bonds to finance biz ops

Tata Power's gross debt marginally rose to Rs 49,535 crore as of September this year, from Rs 47,590 crore as of March

Japan's MUFG Bank extends Rs 450 cr credit facility to Tata Power

Tata Power on Friday said it has received a Rs 450 crore "sustainable trade finance facility" from MUFG Bank of Japan to fund its solar projects in India. This credit facility was extended for two solar projects under TP Kirnali Limited (TPKL), the company said in a statement. TPKL is a 100 per cent subsidiary of Tata Power Renewable Energy Limited (TPREL). According to the statement, it is the first sustainable trade finance facility offered by MUFG in India and TPKL will utilise the funds towards generating renewable energy capacity. MUFG has extended the financing to fund TPKL's two solar power projects - a 100 MW renewable project in Parthur, Maharashtra and a 120 MW green energy project in Mesanka, Gujarat. Sanjeev Churiwala, CFO, Tata Power, said his company's association with MUFG will open up opportunities to explore raising more green finance as Tata Power expands clean energy portfolio to contribute towards India's net zero targets. Shashank Joshi, Deputy CEO of MUFG In

2023 could be another strong yr for coal as demand may reach record levels

Coal India, companies with captive coal mines in steel, power and other sectors will be at an advantage

Stocks to Watch: Tata Power, M&M, Tata Motors, Ashoka Buildcon, Spandana

Stocks to Watch Today: Balrampur Chini, BHEL, Delta Corp, GNFC, Indiabulls Housing Finance, IRCTC and PNB are the seven stocks in F&O ban period on Monday.

Tata Power seeks regulator nod to raise tariffs and offset fuel cost surge

A spike in coal prices has increased cost of generation

Stocks to watch: YES Bank, Paytm, Vedanta, SBI, Axis Bank, Tata Motors

Stocks to watch today: Private equity majors Carlyle Group and Advent picked 9.99 per cent stake in YES Bank; Paytm approved buyback of shares worth Rs 850 crore

Tata Power gets shareholder nod to appoint Mehrishi as independent director

Tata Power has received shareholders approval to appoint former Union home secretary Rajiv Mehrishi as an independent director on its board. The special resolution for the appointment of Mehrishi as an independent director was passed with requisite majority, according to a regulatory filing on Tuesday. Mehrishi is a retired Indian Administrative Service (IAS) officer of the 1978 batch belonging to the Rajasthan cadre and has a wide experience of over 42 years. He has served in various key posts in Union and Rajasthan governments. Among other positions, he has served as Union home secretary, was also the 13th Comptroller and Auditor General of India (C&AG). In 2022, he was awarded the Padma Bhushan.

Odisha bags about Rs 8.9-trillion investment intent in two days

Tata Power CEO and MD Praveer Sinha announced a Rs 6,000 crore capital investment by the company in Odisha

Tata Power announces Rs 6,000 crore capital investment in Odisha

Tata Power CEO and MD Praveer Sinha announced a Rs 6,000 crore capital investment by the company in Odisha. Speaking at the Make in Odisha Conclave here on Thursday, Sinha said the four power discoms of Odisha, where Tata Power has a majority stake, are committed to Rs 6,000 crore capex investment in the next five years. Sinha said the company will also set up 1,000 electric vehicle (EV) charging points, 1,00,000 solar pumps, microgrids, rooftop and floating solar plants in the next five years. He welcomed the Odisha government's Renewable Energy Policy 2022 unveiled at the Make In Odisha Conclave here. The Tata Power CEO said the company has been engaged in power distribution across Odisha and is committed to ensure ease-of-doing business through quality power supply. "Tata Power is committed to ensure 'Udyog Ru Pragati' (progress through entrepreneurship) by offering high-quality and affordable power supply to enable a conducive environment for industrial development. Our clean