Page 13 - Tata Power

Tata Power to develop 4 MWp solar project at Tata Motors' Pune plant

Tata Power on Wednesday said that it has inked a pact to develop a 4-MWp solar project at Tata Motors' Pune plant. "Tata Motors and Tata Power have entered into a Power Purchase Agreement (PPA) to develop a 4-MWp on-site solar project at Tata Motors' Pune commercial vehicle manufacturing facility," a BSE filing said. The installation is collectively expected to generate 5.8 million units of electricity, potentially mitigating over 10 lakh tonnes of carbon emission. This is equivalent to planting over 16 lakh teak trees over a lifetime, it stated. Alok Kumar Singh, Plant Head, Commercial Vehicle Manufacturing Facility, Tata Motors, said, "In FY22, the total renewable energy contribution at our CV Pune plant was 32 per cent. With this agreement, we reaffirm our commitment to moving closer to our goals of cultivating 100 per cent renewable energy capacity." Until FY22, Tata Motors at its Pune plant, including at its passenger and commercial vehicle manufacturing facilities, deployed

Tata firm gets letter of award worth Rs 596 crore for MP solar project

Tata Power Solar Systems Ltd (TPSSL) has received a letter of award worth Rs 596 crore from NHDC to set up a 125MWp floating solar project in Madhya Pradesh. NHDC is a joint venture of state-owned hydro power giant NHPC and the Madhya Pradesh government, a statement by Tata Power Company Ltd said on Wednesday. NHDC had invited bids early this year for this project to be set up at the Omkareshwar reservoir in Khandwa district of Madhya Pradesh. The LoA was awarded through tariff-based competitive bidding. The project will be commissioned within 13 months from the date of issuance of the letter of award (LoA) and will provide sustainable power to MP Power Management Company. With this win, the company's total utility-scale solar project portfolio touches 9.8 GWp. As on date, TPSSL's total order book stands at Rs 14,908 crore. TPSSL, a solar EPC company, is a wholly-owned subsidiary of Tata Power Renewable Energy Ltd (TPREL). Tata Power holds 93.94 per cent stake in TPREL.

Amid rising power demand; Adani Power, NTPC, Coal India look firm on charts

Among individual stocks, Coal India can surge up to 17%; Adani Power, Adani Transmission, NTPC and Tata Power are likely to gain in the range of 10-14 per cent.

MSTC eyes e-commerce biz; ties with Reliance, Vedanta, Tata Power, others

Government-owned e-commerce service provider MSTC aims to expand its offering for private players and has tied up with firms like Reliance Industries, Tata Power, Vedanta, and Larsen & Toubro (L&T). The company believes that the current financial year will remain volatile and it would need to develop smart ways to tackle new challenges. "MSTC is endeavouring to harness the untapped potential in the private sector also, besides trying to retain the government and PSU business," company's chairman and managing director Surinder Kumar Gupta said in the annual report 2021-22. "...digital transformation is an integral part and play a key role in the development of the organisation in the near future. We are also taking various steps to ensure that we remain well placed to take the opportunity with both hands as and when the same comes in our path," Gupta said. The company said that it has emerged as a major standalone e-commerce service provider in the country. With its foray into .

Tata Motors signs PPA with Tata Power to develop onsite solar project

Tata Motors has signed a Power Purchase Agreement (PPA) with Tata Power to develop a 7.25 Mwp onsite solar project at its commercial vehicle manufacturing facility here. The project will be a significant move to increase the renewable energy portfolio at its manufacturing facility, the company said in a statement on Tuesday. With this project, the onsite solar plant capacity of Tata Motors' Jamshedpur facility will reach 14 MWp, which will generate 442 million units of green electricity having the potential to reduce carbon emission by 3.5 lakh tonnes. This is equivalent to planting 5.6 lakh trees. Commenting on the occasion, Vishal Badshah, Plant Head, Jamshedpur, Tata Motors said, "It has been our continuous endeavour to reduce greenhouse gas emissions to achieve Net Zero Emission goal. With this agreement, we are reaffirming our commitment to sustainability by increasing the share of renewable energy in our operations. We firmly believe that this will strengthen our journey towar

Tata Power subsidiary raises Rs 2,000 crore in green energy push

The transaction is part of the Rs 4,000-crore investment announced in April by Tata Power for its green energy business

More emissions reduction targets will help Indian fossil fuel giants: IEEFA

Global green capital presents a multi-billion-dollar opportunity for Indian power sector giants such as NTPC and Tata Power to fund their clean energy transitions.

TCS, Infy, SBI lift Sensex 548 pts ahead of Fed outcome; Nifty tops 16,600

Stock market live updates: As of 7:45 AM, the SGX Nifty Futures quoted at 16,475 levels, indicating a downside of 8 odd-points on the Nifty50.

Stocks to watch: Tata Motors, Maruti Suzuki, Asian Paints, L&T, Telecom

Stocks to watch today: Bajaj Finance, Tata Motors, and Maruti Suzuki will report their June quarter results on Wednesday, July 27; United Spirits reported five-fold jump in net profit in Q1FY23.

Tata Power Q1 results: Net profit doubles to Rs 795 cr, revenue up 43%

In the year-ago period, Tata Power reported a consolidated net profit of Rs 391.03 crore

Tata Power Q1 net jumps 90% to Rs 884 cr; plans Rs 14k-cr capex in FY23

Tata Power CEO and MD Praveer Sinha said the company's all "business clusters" namely generation, transmission, distribution and renewables performed well.

CCI approves Greenforest New Energies' stake buy in Tata Power Renewable

The proposed combination relates to the acquisition of up to 11.43% stake in TPREL by Greenforest New Energies Bidco, an investment vehicle jointly run by BlackRock and Mubadala Investment Company

Blackrock, Mubadala to invest in Tata's renewable arm via rights issue

Unlisted firm Tata Power Renewables Energy plans to raise Rs 6,000 cr; Both Blackrock and Mubadala had invested $525 million this April for 10.5% stake

Tata Power to skill 3,000 youths to work in renewable energy sector

Tata Power on Friday said it will give training to 3,000 youths this fiscal in the field of renewable industry. The company aims to train a total of 5,000 youths by 2025 to work in the sector, Tata Power said in a statement. "Tata Power Skill Development Institute ( TPSDI) has so far trained 1.4 lakh people across its courses both conventional and renewable energy technology. It is expanding its training initiatives to equip youth with skills for green energy jobs. The institute has planned to train around 3,000 youths in FY23 and around 5,000 by 2025," it said. The training will be offered in solar photovoltaic for electric vehicle charging, installation and maintenance of rooftop solar photovoltaic, installation of smart meters, and home automation to promote smart and efficient energy related expertise across its six training centres at Shahad, Trombay, Vidyavihar, Maithon, Mundra, and Jojobera. "India is making significant strides toward achieving its clean energy goals and ...

TMS Ep212: Tata renewables, Pronab Sen, markets, current account deficit

Is Tata copying Adani, Reliance with its green turn? What's Pronab Sen's take on the state of economy? Will retail stocks survive the wave of inflation? What is current account deficit? Answers here.

Is Tata copying Adani, Reliance with its green turn?

A host of Tata companies have come together to create an EV ecosystem. Tata Power has committed a $9.5 bn investment for its renewable energy business. Let us find out more

Sensex up 303 pts, Nifty tops 16,200; banks, FMCG shine; metals sole losers

CLOSING BELL: L&T, PowerGrid, NTPC, ICICI Bank, DR Reddy's Labs, Axis Bank, Bharti Airtel, and Nestle India were the top large-cap gainers

Stocks to watch: TCS, M&M, Vedanta, Tata Power, Dr Reddy's, Tata Motors

Stocks to watch today: IT behemoth Tata Consultancy Services (TCS) is slated to report June quarter 2022 numbers (Q1FY23); Dr Reddy's received two observations from USFDA for its Andhra plant

Tata Power plans Rs 75k-cr capex push in green energy: Chandrasekaran

Company advances net-zero carbon target by five years, saying will achieve it by 2045

Tata Power gains 2% on MoU with Tamil Nadu govt for Rs 3,000-cr solar plant

The MoU is for setting up a greenfield 4GW solar cell and 4GW solar module manufacturing plant in Tirunelveli district of Tamil Nadu