Tata Power Q4 FY22 results : Tata Power has reported a 76% jump in its profit after tax (PAT) before exceptional items for the quarter ended 31 March 2022 (Q4 FY22) to INR 775 crores, compared to INR 440 crores in the same period in the previous fiscal year. According to the Indian power company, […]
State Bank of India (SBI) has launched a dedicated centralized processing cell called Surya Shakti Cell and has signed an agreement with Tata Power Solar Systems for financing solar projects. Established in Mumbai, the Surya Shakti Cell will be processing all the loan applications for solar power projects with a capacity up to 1MW sourced […]
Tata Power Renewable Energy Limited (TPREL) has commissioned a couple of solar power projects, each of 50MW capacity in Prayagraj and Banda in Uttar Pradesh. The fully-owned subsidiary of Tata Power is said to have wrapped up the projects within the pre-agreed timelines despite of the challenges created by the pandemic. Tata Power expects the […]
Tata Power said that Resurgent Power Ventures, its Singapore-based joint venture (JV) with an investor group, has been chosen as lender’s nominee to acquire 100% of NRSS XXXVI Transmission Limited (NRSS XXXVI), a northern Indian transmission project. In this connection, PTC India Financial Services has issued a letter of intent (LOI) to Resurgent Power Ventures. […]
Tata Power and Tata Steel are joining forces to develop grid-connected solar projects with a combined capacity of 41MW in the Indian states of Jharkhand and Odisha. The two Tata Group companies have inked a power purchase agreement (PPA) for a duration of 25 years for the said capacity. Dr Praveer Sinha — CEO and […]
Tata Power Solar Systems has been issued a letter of award (LoA) to construct 100MW of distributed ground mounted solar projects in Maharashtra for Energy Efficiency Services Limited (EESL). The order value is INR 538 crores, while the date for commissioning the solar projects is set to be 12 months. Energy Efficiency Services Limited is […]
TVS Motor and Tata Power have signed a memorandum of understanding (MoU) under which the two Indian firms will work together for implementing electric vehicle charging infrastructure (EVCI) across India. The partnership also calls for deploying solar power technologies at TVS Motor locations. Overall, the partnership’s objective is for creating a large dedicated electric two-wheeler […]
Tata Power has won the rights to build a 300MW solar project in the Neemuch Solar Park in Madhya Pradesh from Rewa Ultra Mega Solar Limited (RUMSL). In this regard, Rewa Ultra Mega Solar Limited (RUMSL) has issued a letter of award (LoA) to the company’s fully-owned subsidiary TP Saurya Limited (TPSL). The solar power […]