In Short : Tata Power shares rise by 4% following the acquisition of a transmission project. The market’s positive response reflects investor confidence in Tata Power’s strategic moves and expansion in the transmission sector. In Detail : Shares of Tata Power jumped 4 per cent in early trade on Monday morning after the company declared […]
Tata Power to invest Rs 60k crore till FY’27, bulk of it in renewable capacity – EQ
In Short : When asked about the future of its generating capacity in Trombay in Mumbai, Sinha said the government wants the company to continue utilising a 500 mw coal-fired plant even after the current deadline for shutting down the old plant ends in March 2024. In Detail : Tata Power will be investing Rs […]
Tata Power encourages employees to adopt zero-emission mobility to fight air pollution in Delhi NCR – EQ
In a major thrust to improve air quality in Delhi NCR, Tata Power, one of India’s largest integrated power companies, yesterday launched a special program to incentivize its employees to switch to EVs. This announcement is aligned with Tata Power’s ‘Sustainable is Attainable’ movement, which encourages adoption of green energy solutions and products to commit […]
CRISIL upgrades outlook on Tata Power to ‘positive’ on profitability view – EQ
In Short : This upgrade suggests that Tata Power is making significant strides in terms of financial performance, which is a testament to the company’s efforts and strategic decisions. A positive outlook can open up new opportunities for Tata Power and further enhance its position in the industry. In Detail : Tata Power on Wednesday […]
Tata Power receives the first set of BESS from TATA AutoComp for its Energy Storage Park – EQ
In Short : Tata AutoComp also inaugurated its manufacturing facility for state-of-the-art Battery Energy Storage System (BESS). The plant was inaugurated by Dr. Praveer Sinha, CEO&MD, Tata Power and Mr. Arvind Goel, Chairman, Tata AutoComp Systems Limited. In Detail : Bangalore : Tata Power has received the first set of Battery Energy Storage Systems (BESS) […]
Tata Power Q2 net profit up 9% to 1,017 crore – EQ
In Short : Tata Power, one of India’s leading power companies, reported a 9% increase in its net profit for the second quarter, reaching 1,017 crore Indian Rupees (approximately $137 million). The company’s strong financial performance reflects its effective operations and strategic initiatives in the power sector. Tata Power has been actively involved in renewable […]
On course to develop round-the-clock renewable power: Tata Power CEO & MD – EQ Mag
The company’s consolidated revenue for Q1FY24 was Rs 15,003 crore, reflecting a minimal increase of 2 per cent Tata Power reported a 29 per cent increase in its profit for the first quarter of financial year 2023-2024 (Q1FY24), marking the 15th consecutive quarter of profit for the company. The consolidated profit for Q1FY24 stood at […]
Tata Power to share Q1 results today; profit may drop up to 20% as coal biz weighs – EQ Mag
Tata Power: Lower profitability from coal business may partially be offset by a sequential improvement in performance of Mundra UMPP given implementation of Section 11 of Electricity Act from April 2023 Tata Power is likely to report a 17-20 per cent year-on-year (YoY) drop in profit on a flattish sales in the June quarter. The […]
Tata Power signs MoU with the Government of Maharashtra for Development of 2800 MW of Pumped Hydro Storage Projects – EQ Mag
With a proposed total investment of approximately Rs. 13000 Cr, these projects will support Maharashtra’s and Country’s clean energy landscape 1800 MW Pumped Hydro Storage Project to be located at Shirawata, Pune district and 1000 MW PSP at Bhivpuri, Raigad district Projects will support to Maharashtra Government’s goal of achieving a $1 Trillion economy by […]
Tata Power revolutionizes EV Charging experience; Launches RFID enabled ‘EZ CHARGE’ card – EQ Mag
Tata Power, one of India’s largest and fastest growing EV charging solutions provider, has unveiled the EZ CHARGE card today, an advanced RFID (Radio-frequency identification) card that promises to redefine the EV charging experience for lakhs of electric vehicle (EV) owners across the country. The EZ CHARGE card, launched at the Bombay House by Dr. […]