Tata Power Inks Pact with MGL to Expand Footprints in e-mobility, Other Services Updated On Mon, May 13th, 2019 by Saurenergy This deal is the fourth major partnership of an electric utility company with an energy retailer to further expand its presence in the e-mobility space. In order to become future ready, utility giant Tata Power has entered into an agreement with one of the country’s leading city gas distribution companies, Mahanagar Gas Ltd (MGL), to […] Read more
Tata Power’s Renewable Biz Shines Again; EBITDA Up 35% in Q4 Updated On Fri, May 3rd, 2019 by Saurenergy During the quarter, the Mumbai-headquartered company’s profit after tax (PAT) before exceptional items stood at Rs 259 crore, as against Rs 118 crore. Utility giant Tata Power’s renewable energy business again unveiled a significant growth during the fourth quarter of FY19, as it’s consolidated EBITDA surged 35 per cent to Rs 1,879 crore, mainly driven by […] Read more
Tata Power’s Renewable Arm to Sell 32MW Wind Assets in Maharashtra Updated On Wed, Apr 24th, 2019 by Saurenergy However, the company did not disclose the buyer of these assets. With an aim to optimize operating costs, Tata Power Renewable Energy Ltd (TPREL), a renewable arm of utility giant Tata Power, has entered into a pact to sell its 32 MW operating wind assets in Maharashtra. India’s one of the leading integrated power company […] Read more
We Welcome The Govt Decision For 2nd Phase of RTS Scheme: Praveer Sinha Updated On Wed, Feb 20th, 2019 by Saurenergy Heavy front-ended investment of RTS has been the single biggest challenge holding back its deeper penetration, particularly in rural and semi-urban parts of the country, Sinha said. In a bid to achieve the ambitious targets of 40 GW cumulative capacity from Rooftop Solar (RTS) Projects by 2022, the government has provided its consent for the […] Read more
Tata Power’s Renewable Biz Shines in Q3 FY19; Now Brings Rooftop Offer to Cochin Updated On Wed, Jan 30th, 2019 by Saurenergy During the quarter, its consolidated revenue rose by 16 percent at Rs 7,571 crore as compared to Rs 6,506 crore last year. Country’s one of the leading integrated power company, Tata Power’s renewable energy business showed impressive growth during the October-December quarter of FY19 as its consolidated EBITDA grew by 9 per cent to Rs […] Read more
Tata Power Solar takes its Residential Rooftop offer to Gandhinagar Updated On Tue, Jan 22nd, 2019 by Saurenergy The solution is expected to save upto Rs 50,000 annually for 25 years. Boosting the solar portfolio, Tata Power’s solar arm has recently launched its complete residential rooftop solution in Gandhinagar, Gujarat. The solution is expected to save up to Rs 50,000 annually for 25 years. The company had launched its rooftop solar services back […] Read more
Tata Power Wins 3rd ICSI CSR Excellence Award 2018 Updated On Fri, Jan 11th, 2019 by Saurenergy The award acknowledged the company’s unique and extraordinary contribution in CSR thereby recognizing its role in fueling inclusive growth and the implementation of innovative practices in community development and empowerment. Country’s one of the leading utility Tata Power has won the “3rd ICSI CSR Excellence Award” for the year 2018 in the Medium Category for […] Read more
Renascent Power to Buy 75% PPGCL under Stressed Asset Resoln Process Updated On Thu, Nov 15th, 2018 by Saurenergy Further, this transaction is the result of stressed asset resolution process initiated by the lenders through a competitive bidding process. Renascent Power Ventures, arm of Resurgent Power, signed a Share Purchase Agreement (SPA) with a consortium of lenders led by State Bank of India (SBI) to acquire 75.01 percent stake in Prayagraj Power Generation Company […] Read more
Tata Power bags “GOLD” & “Best Project From India” at the International Convention on Quality Control Circles (ICQCC) 2018 Award Updated On Fri, Nov 9th, 2018 by Saurenergy Tata Power, India’s largest integrated private power utility took center stage at the recently held International Convention on Quality Control Circles (ICQCC) 2018 by bagging three GOLD awards in Innovation & Quality Control Circles. The three Quality Circle teams a) Utkarsha from Trombay b) Prerana from Distribution c) Tejas from Jojobera were bestowed with the most prestigious GOLD award for their […] Read more
