Tag: Tata Power
16 Results
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DDL’s consumer convicted for Power Theft, sentenced to 3 months imprisonment
The court held on a deterrence perspective of discouraging such heinous crimes as it not only causes economic losses but also jeopardizes lives.
December 28, 2021 -
Tata power asks consumers to use ‘electricity judiously’
Tata Power arm Tata Power Delhi Distribution Ltd (DDL), which operates mainly in northwest Delhi, has sent the SMS (message) to its customers, a source said.
October 9, 2021 -
Tata Motors, Tata Power jointly inaugurate solar carport in Pune
This helped prevent the equivalent of 72,739 metric tons of carbon dioxide (CO2) emissions.
June 18, 2021 -
Tata Power shares zoom nearly 8% after after Q1 results
Tata Power Company Limited stock gained nearly 9 per cent to hit day’s high of Rs 57.85, but at 1.25 pm it was trading at Rs 57.
August 13, 2020 -
Tata Power gets electricity distribution rights in five circles of Odisha for 25 years
At present, Tata Power has total consumer base of 2.5 million spread in Ajmer and across major metropolitan cities including Mumbai, Delhi.
December 23, 2019 -
Tata Power to build 100 MW solar project in Gujarat
"Our subsidiary Tata Power Renewable Energy Ltd has received the order to build the 100MW solar plant from the state-run Gujarat Urja Vikas Nigam Ltd (GUVNL) at Raghanesda solar part."
May 31, 2019 -
Tata Power appoints Praveer Sinha new CEO, MD
Tata Power on Friday said it has appointed Praveer Sinha as its new Chief Executive Officer (CEO) and Managing Director (MD) with effect from May 1. According to the company, Sinha is currently the CEO and MD of Tata Power Delhi Distribution (Tata Power-DDL), a public-private partnership (joint venture) between Tata Power and the Government …
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March 23, 2018 -
US trade agency to support Tata Power
US Trade and Development Agency (USTDA) has extended its support to power discom Tata Power Delhi Distribution with a grant to explore and develop opportunities in the areas of distributed energy resources (DERs) such as integration of rooftop solar, energy storage systems, and electric vehicles. The grant agreement was signed by Praveer Sinha, CEO and …
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March 8, 2018 -
Tata Power’s renewable portfolio profit up at Rs 173 cr in Q2
Tata Power on Sunday said its renewable portfolio in the country saw 101 per cent increase in profit to Rs 173 crore in the second quarter of the current fiscal. The company had clocked Rs 86 crore profit from renewable business in the same period last year. The company’s consolidated underlying EBITDA for the quarter …
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November 5, 2017 -
SC order credit negative for Tata Power rating: Moody’s
The apex court's order regarding compensatory tariff for Tata Power in view of higher coal prices is credit negative, but does not impact its Ba3 rating, Moody's said on Wednesday. “The Supreme Court's decision is credit negative, but does not impact TPC's Ba3 rating,” said Moody's Investors Service in a release on Wednesday. On April …
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April 12, 2017 -
Adani Power, Tata Power shares jolt as SC disallows compensatory tariff
A decision by the Supreme Court to disallow compensatory tariff jolted Adani Power and Tata Power shares on Tuesday. The Adani Power Ltd shares dipped by 16.12 per cent to Rs.37.20 at the Bombay Stock Exchange (BSE), while, the Tata Power Ltd, shares slumped nearly 2 per cent to Rs.85.40. The shares of both the …
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April 11, 2017 -
Probe finds IFC investment in Coastal Gujarat Power breaching norms
World Bank's probe body CAO has raised concerns over IFC's insufficient action to address environmental norms violation by Tata Power arm Coastal Gujarat Power Ltd (CGPL). World Bank investment arm IFC is an investor in CGPL. The CAO, in its second monitoring report in relation to audit of CGPL following complaint by fishing communities, said …
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March 21, 2017 -
Mistry seeks shareholders support to stay on Tata Power board
Seeking support of Tata Power shareholders against promoters’ proposal to remove him from the board, Cyrus Mistry has said that the company fared better than most of its competitors during his tenure. The company has called an Extraordinary General Meeting (EGM) on December 26, 2016, to consider the resolution for removal of Cyrus P Mistry …
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December 10, 2016 -
Tata Power customers can know about their daily consumption
Tata Power consumers in the city will soon be able to know about their daily electricity consumption and access various other details like reasons for technical fault in transmission line with the company working on a Rs 100-crore project to introduce "new-age" technology. Under the first of its kind initiative in the country, domestic consumers …
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September 25, 2016 -
ICICI Bank to pick up 10% stake in Resurgent Power
ICICI Bank on Saturday said that it will make 10 per cent investment in equity capital of Resurgent Power Ventures (RPV), a power platform created to facilitate investment in power projects in India by ICICI Group and Tata Group. Other investors in the platform are Caisse de depot et placement du Qubec (CDPQ) of Canada, …
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September 10, 2016 -
Tata Power, ICICI Venture to invest in power projects
Tata Power’s wholly-owned subsidiary Tata Power International Pvt Ltd and ICICI Venture on Friday announced creation of a platform company to invest in power projects in India in the coming two-three years. "The platform targets acquisition of controlling stakes in power generating companies, both conventional thermal, hydroelectric and transmission assets in India," a statement said. …
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September 9, 2016