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India

Tata Power-ICICI Bank JV acquires Manoj Gaur’s Prayagraj power project

December 5, 2019 Anand Gupta

Renascent Power Ventures Pvt Ltd, the wholly-owned subsidiary of Resurgent Power Ventures Pte, has acquired 75 per cent stake in Prayagraj Power Generation Co Ltd (PPGCL) which owns and operates 1,980 MW coal-based electricity generation unit, Tata Power said in a regulatory filing. New Delhi : A joint venture of Tata Power and ICICI Bank […]

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Tata Power seeks global investors through InvIT for renewable portfolio, says CEO Praveer Sinha

November 29, 2019 Anand Gupta

Tata Power currently has a debt of Rs 44,000 crore ($6.1 billion) and a debt to equity ratio – a financial metric which shows how much of a company’s operations are funded by debt – of 2.2 Tata Power Company Ltd, the power generation arm of the salt-to-software Tata group, wants to sell a stake […]

Tata Power-DDL collaborates with Zoomcar to run EV fleet

Electric Vehicles

Tata Power-DDL Join Hands with Zoomcar to run EV fleet

November 14, 2019 Anand Gupta

Tata Power-DDL has deployed other electric powered vehicles in its e-powered fleet, comprising of over 100 e-scooters, e- rickshaws. New Delhi: Tata Power Delhi Distribution Ltd (Tata Power-DDL) has rolled out a pilot project with Zoomcar, a Bangalore-headquartered self-drive car rental company, to run operation & maintenance (O&M) fleet using Electric Vehicles (EVs) in a […]

India

Tata Power to develop 50MW at Dholera Solar Park in Gujarat

November 13, 2019 Anand Gupta

The energy will be supplied to GUVNL under a Power Purchase Agreements Tata Power has announced that Tata Power Renewable Energy (TPREL), the company’s wholly owned subsidiary, has received a Letter of Award from Gujarat Urja Vikas Nigam (GUVNL) to develop a 50MW solar project in Dholera Solar Park in Gujarat. This LOA is in […]

India

Tata Power reports 30% yoy increase in Q2 PAT; stock down ~4%

November 12, 2019 Anand Gupta

The company’s Standalone PAT stood at Rs155cr vs. Rs265cr in the corresponding period last year mainly due to favourable tariff order in Mumbai License area in previous year. Tata Power announced its Q2FY20 results on Friday. The stock is trading with a negative bias today and is down ~4%. Tata Power’s consolidated PAT for Q2FY20 […]

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Tata Power looks to raise $1 billion via asset monetisation

November 12, 2019 Anand Gupta

Tata Power is looking to raise $1 billion via asset monetisation over the next 12-18 months to clear its debt. The company is looking to divest from many of its international investments. “We believe that in next 12-18 months we will divest from many of our international investments and we are looking at something like […]

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Tata Power creates new arm to set up 10,000 microgrids in India

November 4, 2019 Anand Gupta

The TP Renewable Microgrid would be set up in collaboration with Rockefeller Foundation, which will provide technical support to the offshoot for achieving its objective NEW DELHI: Tata Power on Monday said it will create an arm, TP Renewable Microgrid, to set up 10,000 microgrids to provide power to five millions homes across the country. […]

India

Tata Power to develop 150MW for Tata Power – Distribution

November 2, 2019 Anand Gupta

The project has to be commissioned within 18 months from the date of execution of the PPA Tata Power, India’s largest integrated power company, announced that Tata Power Renewable Energy (TPREL), the company’s wholly owned subsidiary, has received a Letter of Award from Tata Power – Distribution to develop 150MW of solar project. The Power […]

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Grapevine: JSW, others circle Jhabua; LGT-Aspada platform may invest in AMP Energy

October 18, 2019 Anand Gupta

Avantha Group’s Jhabua Power, which is undergoing insolvency proceedings, has received expressions of interest from JSW, Adani Power, NTPC Ltd and Tata Power-backed Resurgent Power, people in the know told The Economic Times. Expressions of interest were also received from a few Singapore-based distressed asset investors and some local asset reconstruction companies, along with Vedanta […]

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Tata Power sells stake in South African joint venture to reduce debt

October 1, 2019 Anand Gupta

Tata Power said Khopoli Investments, a 100 per cent subsidiary of Tata Power, has entered into a share purchase agreement with South Africa’s leading coal producer Exxaro Resources for the divestment of the company’s entire 50 per cent stake in Cennergi. Debt laden Tata Power has sold its stake in a South African joint venture […]

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