Page 5 - Tata Power

These 2 Tata Group stocks can dip up to 16% in the near term, charts hint

Tata Chemicals had rallied 46 per cent in the last six trading sessions; a 50 per cent retracement of the rally could see the stock dip to Rs 1,217, shows chart

MERC partly allows Tata Power's plea for tariff hike, energy to get dearer

The Maharashtra Electricity Regulatory Commission (MERC) on Thursday partly allowed Tata Power's petition to hike electricity charges for its consumers in the financial capital. The regulator's order will give some relief to lower-end consumers, and the tariff hikes will be over 50 per cent as well. The revisions are for FY25, and effective from April 1. Earlier, the power utility, which serves over 7.5 lakh consumers in the city, had proposed a "rationalization" of tariffs where it was pitching for more than doubling the rate per unit paid by those consuming up to 100 units per month, while the extent of the proposed hike was lower for those at the higher end. In a statement issued after the MERC order, Tata Power said even after the order, its tariff for the residential category of up to 100 units remains "the lowest" when compared with competition. It, however, conceded that its tariff for the 101-300 units a month category is "slightly higher than other private player". The ..

BluSmart, Tata Power subsidiary sign agreement to source green power

This partnership with TPTCL will help BluSmart to eliminate Scope 2 emissions from its existing 1.4 million square feet of EV charging infrastructure and future charging hubs

Stocks to Watch today: Zee, Hindalco, RIL, Tata Power, Paytm, TVS Supply

Stocks to watch on Wednesday, February 21, 2024: In news today - Sebi finds Rs 2,000 cr fund diversion in Zee; Hindalco arm files IPO papers in US; Rolls Royce extends pact with TVS Supply Chain.

Tata Power gets LoI to develop Jalpura Khurja power transmission project

Tata Power on Friday said it has received a letter of intent from REC Power Development and Consultancy to develop the Jalpura Khurja Power Transmission project at an estimated cost of Rs 838 crore. In an exchange filing, Tata Power said, "It has received a letter of intent (LoI) from REC Power Development and Consultancy Ltd (RECPDCL) -- a wholly-owned subsidiary of REC Ltd -- to acquire Jalpura Khurja Power Transmission Limited, a project special purpose vehicle". The estimated cost of the project is Rs 838 crore, Tata Power said. The project SPV will be developed on a build-own-operate transfer (BOOT) basis to provide transmission service for 35 years from the scheduled date of commercial operation (SCOD), 18 months from the date of SPV acquisition. RECPDCL, a wholly-owned subsidiary of REC Limited, has been acting as bid process coordinator (BPC) for tariff-based competitive bidding (TBCB) in transmission line projects and RE-bundling projects. Under the Ministry of Power, REC

Tata cuts EV prices by up to Rs 1.2 L to pass on battery price reduction

Indian automaker Tata Motors' electric vehicle (EV) unit on Tuesday said it reduced prices of its cars by up to 1,20,000 rupees ($1,445.54) to pass on battery price reduction benefits to its customers

Tata Power stock likely to remain subdued in near-term; here's why

The company is focussed on tapping the market for high-margin captive renewables opportunities, exploring brownfield pumped hydro storage, and expanding the transmission business beyond distribution

Tata Power dips 6% on profit booking post Q3 results

As the country witnesses a surge in power demand, Tata Power is well positioned to capitalise on the growth momentum, the management said

Domestic, rural consumers also driving power demand: Tata Power CEO

In the last two years, the CAGR growth is nearly 10 percent, which is phenomenal in the sense that earlier the growth used to be in the range of 5- 6 percent, Praveer Sinha said

Tata Power Q3FY24 results: Net profit remains muted at Rs 953 crore

The net sales for the company in the same period also registered a modest growth of 3.7 per cent to Rs 14,651 crore from a year ago

Tata Power Q3FY24 results: Net profit rises 2% to Rs 1,076 crore

Tata Power on Friday posted a marginal increase of 2 per cent in its consolidated net profit at Rs 1,076 crore in December 2023 quarter. Its consolidated net profit was Rs 1,052 crore in the quarter ended on December 31, 2022, a company statement showed. Total revenues also rose to Rs 14,841 crore in the quarter from Rs 14,339 crore in the same period a year ago. Praveer Sinha, CEO and Managing Director, Tata Power, said in the statement, "Our core businesses continue to perform well and have helped the Company clock its 17th consecutive PAT (profit after tax or net profit) growth quarter." Our consistent performance shows strong fundamentals of excellence in operational performance and project execution capability, he noted. As the country witnesses a surge in power demand, Tata Power is well positioned to capitalize on the growth momentum with its cutting-edge, customized and cost-effective clean and green energy solutions, he said. The company stated that better realisation in

Tata Power-DDL, ASCI partner for skill training in power, renewable energy

Tata Power Delhi Distribution Ltd (Tata Power-DDL) is a 51:49 per cent joint venture between Tata Power and the Government of NCT of Delhi. The power discom supplies electricity to 7 mn households

Tata Power-led discoms receive higher consumer service ratings for FY23

Tata Power on Wednesday said six discoms wherein it is a stakeholder have received higher consumer service ratings for FY23 among utilities nationwide. Union Minister for Power and New and Renewable Energy R K Singh launched Consumer Service Ratings of DISCOMs (CSRD Report) during the Review Planning & Monitoring (RPM) meeting of the power sector in New Delhi recently, Tata Power said in a statement. "Tata Power-led six discoms serving over 13 million consumers across various parts of the country have been featured among the top-rated discoms in the country. Company's power distribution utilities in Delhi and Odisha have received higher rankings in the third edition of the report. The report captures the current status of consumer services across various DISCOMs," the company said. As per the report, Tata Power Delhi Distribution Ltd (TPDDL), a joint venture of Tata Power and the Delhi government, is among the top discoms, achieving A+ ranking among all the 62 rated discoms in the

Tata Power Renewable Energy installs 1,000 kW solar project in West Bengal

Tata Power Renewable Energy Ltd (TPREL) on Monday said it has commissioned a 1,000-kilowatt bifacial solar system project in West Bengal. Bifacial solar system comprises solar panel which captures sunlight from both surfaces and produces power from two sides. "TPREL has successfully commissioned a pioneering 1040 kW Bifacial Solar System project with Chengmari Tea Estate. This marks the first-ever installation of on-ground bifacial modules in eastern India," the Tata Power company said in a statement. The project is expected to generate around 1.5 million units (MUs) of energy annually and reduce carbon footprint of 29,420 lakh tonnes, which is equivalent to planting 47,000 teak trees. The project is located in West Bengal. Deepesh Nanda, MD & CEO, Tata Power Renewable Energy Limited, said, "The innovative bifacial technology, capturing sunlight from both sides of the solar panels, represents a significant leap forward in enhanced clean energy generation. We are proud to be at the

Tata Power to hold 'lok adalat' for north Delhi consumers on January 28

Power distribution company TPDDL will organise a special "Lok Adalat" in association with the Delhi State Legal Services Authority (DSLSA) to offer on-spot-settlement of electricity theft cases on January 28, a discom official said Thursday. The special court will start at 10 am near Venkateshwar Global School in Rohini Sector-13, the Tata Power Delhi Distribution Limited (TPDDL) spokesperson said. The litigants can register for the Lok Adalat by dialling 19124 or writing to eac.care@tatapower-ddl.com. The complainants must carry their photo identity and a copy of their theft bill during the Lok Adalat. "Consumers who look forward to settling their power-theft cases can utilise this opportunity for an amicable and immediate settlement of unsolved cases. In case of a default, the company will be obliged to initiate criminal proceedings against the consumers under the Electricity Act, 2003," he added.

Delhi's coldest morning this winter pushes power demand to all-time high

With Delhi reeling under intense cold, the peak power demand of the city surged to an all-time high of 5,701 MW on Friday morning. According to the State Load Dispatch Centre's real-time data, the peak power demand of Delhi at 10.49 AM on Friday was 5,701 MW. The power discoms have estimated the winter peak power demand to reach up to 5,760 MW this year. The previous highest peak winter demand was 5,611 MW on Wednesday morning. The national capital on Friday recorded its lowest temperature this winter with the minimum dipping to 3.9 degrees Celsius, three notches below the season's average, the weather department said. The India Meteorological Department (IMD) said it is the lowest minimum temperature in the last five years. Since January 1, Delhi's peak power demand has risen by over 11 per cent, discom officials said. A BSES spokesperson said that company's discoms -- BRPL and BYPL -- successfully met the peak power demand of 2,484 MW and 1,185 MW respectively. Up to 60 per ce

Stocks to Watch: TCS, Infosys, Tata Power, Nykaa, LIC, M&M,Ultratech Cement

Stocks to Watch on January 12, 2024: Crude oil jumped 2 per cent to $79 after the US and UK striked Houthi targets in Yemen in response to the Red Sea attacks

Vibrant Gujarat Summit: TPREL plans to invest Rs 70,000 cr in Gujarat

Tata Power's arm Tata Power Renewable Energy Limited (TPREL) plans to invest Rs 70,000 crore for the development of 10,000 MW of renewable energy power projects in Gujarat. The company has signed a Memorandum of Understanding (MoU) with the Gujarat government in this regard at the ongoing 10th edition of Vibrant Gujarat Global Summit 2024 in Gandhinagar. These projects would generate 3,000 job opportunities, the company said in a statement. "The 10,000 MW renewable energy power projects comprise solar, wind, hybrid, Round The Clock (RTC), peak, and Firm and Dispatchable Renewable Energy (FDRE), covering an extensive 50,000-acre of encumbrance-free government land," it said.

Private capex has been very good, says Tata Power MD Praveer Sinha

Tata Power's Managing Director and Chief Executive Officer Praveer Sinha on Wednesday said the private capital expenditure has been "very good". Sinha, who is also the chairman of industry lobby CII's Western Region, said that he expects the upcoming Union Budget to continue with the existing policy framework. "I think the private investment has been very good," Sinha told PTI. He was responding to a query about concerns over sluggish private capital investments. According to him, the private sector is investing in new opportunities and technologies like artificial intelligence, sustainability, renewable energy and semiconductor technologies. India will play an important role in the global arena going ahead, Sinha said, affirming the private sector's commitment to contribute its best in the journey. Analysts are concerned about the lack of interest in the private sector to invest, which can be a major growth driver for the economy, despite the very high capacity utilisation.

Tata Power plans to boost renewable capacity fourfold by 2027: Report

Besides Gujarat, the company is tapping other Indian provinces with large potential for producing clean power