In a transformative step towards green infrastructure in India’s aviation sector, Tata Power has entered a strategic partnership with Noida International Airport (NIA) to supply renewable energy. This collaboration, marked by two pivotal Power Purchase Agreements (PPAs) signed in New Delhi, aims to meet NIA’s clean energy needs, underscoring both entities’ commitment to sustainable development. […]
In a remarkable demonstration of growth and resilience, Tata Power, a major player in India’s energy sector, has reported its highest-ever quarterly profit of ₹1,533 crore for Q2FY25, marking a 51% year-on-year increase. The company also achieved an EBITDA of ₹3,808 crore, a 23% YoY growth, propelled by expanded solar manufacturing and favourable regulatory conditions. […]
Tata Passenger Electric Mobility Ltd. (TPEML) and Tata Power Renewable Energy Ltd. (TPREL) have formed a strategic partnership to advance zero-emissions mobility in India, marking a significant step towards a more sustainable future. This collaboration merges TPEML’s leadership in the electric vehicle (EV) sector with TPREL’s prowess in renewable energy, focusing on integrating electric vehicles […]
Tata Power, a leading integrated utility in India, has reported a significant growth in its financial performance for the third quarter of the fiscal year 2024 (Q3FY24), marking the 17th consecutive quarter of profit after tax (PAT) growth. The company’s strategic focus on its core businesses of Generation, Transmission & Distribution, and Renewables has propelled […]
Tata Power has announced its financial results for the quarter ending September 30, 2023, marking the 16th consecutive quarter of Profit after Tax (PAT) growth. The company’s robust financial performance is underscored by a significant 9% year-over-year increase in consolidated PAT, reaching ₹1,017 crore. This growth is anchored by the company’s strong balance sheet, operational […]
In a strategic move that underscores its commitment to sustainable energy, Tata Power, a leading integrated power company in India, announced the appointment of Deepesh Nanda as President-Renewables and CEO & MD of Tata Power Renewable Energy Limited (TPREL) from November 1, 2023. Nanda is poised to helm the renewable energy endeavors of the subsidiary, […]
In a strategic move designed to bolster the adoption of solar energy among Micro, Small & Medium Enterprises (MSMEs) in India, Tata Power Solar Systems Limited (TPSSL), a subsidiary of Tata Power Renewable Energy Limited (TPREL), has inked a Memorandum of Understanding (MoU) with Small Industries Development Bank of India (SIDBI). The MoU aims to […]
Tata Power EV Charging Solutions Limited (TPEVCSL), a Tata Power group company, and Zoomcar, a major player in the car-sharing marketplace, have signed a Memorandum of Understanding (MoU) to bolster electric vehicle (EV) adoption and enhance EV charging infrastructure across India. The MoU was inked in Mumbai, marking a significant step in Tata Power’s and […]
Tata Power, a stalwart in the Indian power sector, revealed a commendable net profit growth of 29% amounting to ₹ 1,141 crore for Q1 FY24. The firm’s streak of net profit growth continues unabated for the 15th successive quarter (Year-on-Year). This rise is corroborated by consistent growth in consolidated revenue and EBITDA, with the latter […]
Tata Power has signed a Memorandum of Understanding (MoU) with the Maharashtra Government to build two major Pumped Hydro Storage projects (PSP) in Maharashtra. With a collective capacity of 2800 Megawatts (MW) and an estimated investment nearing ₹13,000 crore, these ventures will be located in Shirawta, Pune (1800 MW), and Bhivpuri, Raigad (1000 MW) districts. […]