Search Results for: tata Power

Tata Power announced a consolidated net profit of Rs 11.89 billion for Q1 FY25, marking a 31% year-on-year increase driven by operational efficiency. The company highlighted this as its highest-ever profit and the 19th consecutive quarter of profit growth, attributing success to strong performance across its generation, transmission, distribution, and renewables businesses. These sectors contributed 84% of the profit after tax (PAT) in Q1 FY25, up from 72% in the same period last year. The…

Tata Power has announced that it will acquire a 40% stake in Khorlochhu Hydro Power Limited (KHPL) for Rs 8.3 billion to develop a 600 MW hydro project in Bhutan. The company is partnering with Druk Green Power Corporation for this project, which has an estimated total cost of Rs 69 billion. In an exchange filing, Tata Power stated that the acquisition would occur in multiple tranches, with the first tranche payment expected within six…

Tata Passenger Electric Mobility Ltd. (TPEML) and Tata Power Renewable Energy Ltd. (TPREL) have partnered to drive zero-emissions mobility in India by integrating electric vehicles (EVs) with solar rooftop systems. This collaboration enables TPEML customers to install solar rooftops through TPREL, promoting both EVs and solar solutions to their respective customer bases. Combining EVs with solar rooftops reduces the total cost of ownership, lowers electricity bills, accelerates payback periods for solar owners, and provides 100%…

Tata Power has announced that it has received a Letter of Intent (LoI) from PFC Consulting, a wholly-owned subsidiary of Power Finance Corporation, to acquire Paradeep Transmission Ltd, a project-specific special purpose vehicle (SPV). In an exchange filing, Tata Power stated that the SPV would be developed on a build, own, operate, and transfer (BOOT) basis to provide transmission services for 35 years from the scheduled date of commercial operation. The commercial operation date is…