The company received approval for merger of Coastal Gujarat Power Limited (CGPL) into Tata Power and signed binding agreement for investment in India's most comprehensive renewable energy platform.
Tata Power has reported an over 31% rise in its consolidated net profit to Rs 632.37 crore in the March 2022 quarter, mainly on the back of higher revenues.
Tata Power's total Renewable capacity is 4,920 MW including 1,400 MW of Renewable projects under various stages of implementation.
Tata Power has inked a pact with National Real Estate Development Council (NAREDCO) to install 5,000 EV charging points across Maharashtra, a statement said on Thursday. Tata Power will provide a comprehensive EV charging solutions across properties of member developers of NAREDCO, the statement said. This will include installation, maintenance, and up-gradation of the chargers as and when required. EV owners across NAREDCO's member developers' properties will have access to 24x7 vehicle charging, monitoring, and e-payments facilities through Tata Power's EZ Charge mobile app. The collaboration is a huge step toward reducing carbon emissions and accelerating e-mobility adoption across Maharashtra. "The move will put an efficient electric vehicle ecosystem closer to the end-user, allowing us to contribute to the national aim of a rapid transition to green mobility," said Dr. Praveer Sinha, CEO& MD, Tata Power. These chargers will be made available as Public/ Semi-Public Charging ..
According to the technical analyst from Anand Rathi, Suntech Realty is on the verge of breakout; whereas, Tata Power is testing its key support.
On Thursday, the Tata group's power unit on Thursday said it was raising Rs 4,000 crore (or $525 million) from a consortium of investors, including BlackRock and Mubadala, to scale up its renewable en
Investors, including Mubadala, to get 10.53% stake
The BLK SPV, along with Mubadala as co-investor, will invest Rs 4,000 crore in two equal tranches of Rs 2,000 crore each
Justice Yashwant Varma permitted Tata Power Delhi Distribution Ltd, which distributes electricity in the northern area of the city, to intervene in the ongoing proceedings before it
The company was planning to bring down its gross debt to below Rs 25,000 crore from Rs 49,000 crore with the InvIT structure
Shares of power distribution companies are in demand amid reports of rising electricity consumption in the country
The stock hit a record high of Rs 287.90, up 5 per cent in the intra-day trades so far on the BSE
"It is India's largest single-axis solar tracker system," a company statement said.
Maharashtra power regulator had set tariff for Mumbai users for 5 years in March 2020 when Richard Bay coal prices were at $64-72 a tonne. Since then, coal prices have quadrupled
CLOSING BELL: Shares of Hero MotoCorp cracked over 6 per cent after reports suggested that the Income Tax Department has found that Hero MotoCorp made more than Rs 1,000 crore bogus expenses
Shares of drugmaker Aurobindo will be in focus as the company has acquired the domestic formulation business of Veritaz Healthcare on a slump sale basis at Rs 171 crore.
Under this collaboration, the Tata Power will install dedicated charging infrastructure for residents of Rustomjee in Mumbai MMR
A Tata Power spokesperson said the notice is a part of laid out procedures during such events and does not suggest any fault on its part
Electric-vehicle charging infra provider Tata Power has collaborated with Enviro - the facility management wing of real estate developer Vatika Group - to install 59 EV charging points
Tata Power says the issuance of the notice by MSLDC is a part of laid out procedures during such events.