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. […]
Tata Power plans to sell overseas assets to raise up to Rs 2,500 crore – EQ Mag
Shares of Tata Power Company slipped about 3 per cent during the early session on Friday amid media reports of monetisation of the various assets in the international markets. The Tata Group’s power arm is planning to raise up to Rs 2,500 crore by selling some of its assets overseas, including hydro assets in Zambia, […]
Tata Power mulls to double capex to Rs 12k cr in FY24; focus on renewables – EQ Mag
Based on the performance, directors have recommended a dividend of 200 per cent, which is Rs two per equity share of Rs one, he stated Tata Power has planned to double its capital expenditure to Rs 12,000 crore in the current fiscal, with a focus on renewables, distribution, transmission and solar equipment manufacturing capacity. “To […]
Tata Power undertakes measures to prevent outages in Mumbai during monsoon – EQ Mag
MUMBAI: Tata Power, which caters to 7.5 lakh consumers in the city and owns 70 per cent of the city’s transmission network, has begun undertaking measures to ensure reliable supply during the monsoon and also ensure consumer safety. Adequate dewatering pumps have been installed at all distribution and consumer sub-stations to avoid flooding. The height […]
Tata Power Q4 result preview: PAT to grow by 58.8%, revenue by 10.7% – EQ Mag
Tata power’s revenue is expected to surge by 10.7 per cent to Rs 13,234 crore compared with the year-ago period. Tata Power, the power company of Tata Group, is likely to report a 58.8 per cent growth in profit after tax (PAT) to Rs 799 crore year-on-year (YoY) for the quarter ended March 31, 2023, […]