Compared to the Rs 50,000 crore it spent between 2021 and 2025, Tata Power plans to spend 2.5 times as much capital over the following five years. Praveer Sinha, the company’s MD and CEO, said, “we will incur a capital expenditure of Rs 1.25 lakh crore between 2026 and 2030.” The organization would incur an…
At the current climate conference (COP29) in Baku, Azerbaijan, Tata Power said Thursday that it has signed a memorandum of understanding (MoU) with the Asian Development Bank (ADB) to assess funding for its various projects. Almost $4.25 billion is the anticipated overall cost of the project. The MoU describes funding assessment for several significant ongoing…
The Nifty 50 firms’ earnings have been cut down by 7% over the last six months after a poor showing in the September quarter. As a result, the predicted earnings growth for FY25 has been reduced to just 5%, the lowest level since FY20. India Inc.’s operational earnings grew at the slowest rate in at…
The Maharashtra State Electricity Distribution Company Limited (MSEDCL), an arm of the Maharashtra government, has awarded a Letter of Award (LoA) to Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, for the development of a 400 MW wind-solar hybrid project in the state. The announcement was made on Wednesday. The company stated…
Tuesday saw a nearly 6% increase in Tata Power Company’s stock, which by early afternoon on the NSE had reached Rs 445. The increase comes as it was revealed that Tata Power subsidiary TP Solar has started producing solar cells for sale at its recently opened facility in Tirunelveli, Tamil Nadu. The 4.3 GW plant,…
The energy sector is expected to account for 35% of revenues for Tata Projects, the engineering, procurement, and construction (EPC) arm of the Tata Group, in the next two to three years, up from 25% at the moment. To this end, the company intends to expand internationally, boost business from group companies, and build its…
Investments of Rs 70,800 crore are planned by Tata Power Renewable Energy Ltd (TPREL) for renewable energy projects in Tamil Nadu. As to a regulatory filing on Tuesday, the company, which is a part of Tata Power, has inked two Memorandums of Understanding (MoUs) with the Tamil Nadu government to facilitate the advancement of the…
A 200 MW firm and dispatchable renewable energy (FDRE) project from SJVN Ltd. has been awarded to Tata Power Renewable Energy Ltd. (TPREL). As to Tata Power’s regulatory filing, FDRE offers continuous power supply and aids distribution companies in fulfilling their renewable purchase requirement (RPO) and energy storage obligation (ESO). “Tata Power Renewable Energy Limited…
On Monday, Tata Power Renewable Energy Ltd (TPREL) announced that it has reached a deal with Endurance Technologies Ltd for the construction of a 12.5 MW captive solar facility in Maharashtra. According to a statement from TPREL, it has already signed a Power Delivery Agreement (PDA) in this regard with Endurance Technologies Ltd. The plant…
On Tuesday, Tata Power announced an investment of Rs 13,000 crore for the construction of two pumped hydro storage projects (PSPs) in Maharashtra. The business stated that the two projects will have a combined capacity of 2,800 MW without providing a timetable for the expenditure. A corporate statement defining a PSP stated that during periods…
