As Mumbai's real estate and electric vehicle penetration grows, two of the city's private power distribution companies, Adani Electricity and Tata Power, are eyeing a bigger business pie, particularly betting on high-value customers. Adani Electricity Mumbai (AEML), the subsidiary which houses Adani Energy Solutions' Mumbai distribution business, recorded a six per cent growth in total units sold in the financial year 2023-24 (FY24), the company's presentation shows. This gain came at over 13 per cent growth in the year-ago period.
India's largest private sector power producer, Tata Power Company, has called off its plan to sell 15 per cent stake in two special purpose vehicles (SPVs) owning coal mines in Indonesia to private equity (PE) firm Olympus Capital for $300 million (Rs1,392 crore).
Videsh Sanchar Nigam Ltd has completed the acquisition of the entire stake of Tata Power Company Ltd in Tata Power Broadband Company Ltd.
Rs 275 cr payment to Tata Power (SED) blocked for putting Indian part
Tata Power finally bit the bullet and filed a writ petition in the Bombay high court on Wednesday against the Maharashtra government.
Fixes spotlight on in-house talent for retaining and grooming purposes.
People who want to shift from the Reliance Infrastructure network to Tata Power are faccing problems
Wipro and Tata Power are among the world's most ethical companies, according to American think tank Ethisphere Institute.
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Tata Power sets up camps to explain the benefits of switchover for low-end consumers from their current supplier.
'The people of India have shown immense faith in the Tata group as they have never broken the trust of Indians.'
Tata Power is looking forward to drawing big advantage from Cyrus Mistry taking over as the $100-billion conglomerate's new chief, as he began Tata journey with this company and can relate to the business very well.
The Supreme Court judgment last week allowing Tata Power to retail power to consumers in Mumbai could pose a few regulatory challenges, experts feel.
Tata Power, the country's largest private sector power company, plans to foray into the shipping and logistics business in order to facilitate coal procurement for its power plants.
Tata Power said on Wednesday completed acquisition of 30 per cent stakes in Indonesian thermal coal producers -- PT Kaltim Prima Coal and PT Arutmin Indonesia, and other related coal trading companies owned by PT Bumi Resources Tbk.
Tata Power Company Ltd has signed a development agreement with Germany's Siemens Project Ventures GmbH to jointly bid for ultra mega power projects.
Aiming to go global, Tata Power's strategic electronics division said on Friday that it was targeting a ten-fold increase in turnover over the next five years at Rs 450 crore
In the next three years, Tata Power will invest anywhere between $150-200 million.
The Maharashtra Pollution Control Board has scheduled the hearing on January 15.
It is awaiting clarity on a regulatory decision allowing it to raise tariffs.
Power utilities may report moderate growth in earnings for Q3FY25. Generation is up 3 per cent year-on-year (Y-o-Y) in Q3 on lower cooling demand and high base, to 429 billion units (BU). Peak demand was steady at 224 Gw in Q3FY25, a 10 per cent decline from the record highs of 250 Gw in May 2024.
Effective November 8, Ratan N Tata has stepped down as chairman of Tata Power and Cyrus P Mistry will take his place.
Tata Power found its counter attracting buyers today after it scored a swell 129% jump in profitability for Q4.
State-run Power Finance Corporation on Thursday awarded the 4,000 MW Sasan and Mundra ultra mega power projects to the two successful bidders Lanco Infratech and Tata Power respectively.
Tata Power, the country's largest private utility by sales, announced the acquisition of 30 per cent stake in two coal mining units and a related trading outfit of Indonesia's PT Bumi Resources for nearly Rs 4,740 crore ($1.1 billion).
Tata Power said on Friday it has signed an agreement with Germany's Siemens Power Generation and Korea's Doosan Heavy Industries to bid for ultra mega power projects of up to 4,000 MW capacity.
In a bid to protect the consumer's interest, the Maharashtra government is planning to issue a directive, by invoking section 11 of the Electricity Act, 2003, to Tata Power to continue supplying power in Mumbai.
A Maharashtra government-appointed committee has asked Tata Power not to adopt differential pricing but supply excess power at the regulated price to Reliance Infrastructure.
Mumbai electricity consumers do not have to face powercuts for a while. The Maharashtra Cabinet subcommittee chaired by Chief Minister Ashok Chavan on Thursday intervened to resolve the ongoing dispute between Tata Power and Reliance Infrastructure over power purchase.
Surprised at slow progress made over land allotment in Delhi, Tata Power has initiated talks with Haryana and Uttar Pradesh governments for establishing a 1000 MW power plant with a minimum investment of around Rs 4000 crore
Currently, TPC's own power costs an average Rs 4.50 per unit, while electricity from outside costs between Rs 7 and Rs 12.
This upgrade will allow air operations by military and civil aircraft even in poor visibility and adverse weather conditions.
It will focus on sourcing 800 Mw for BEST and 477 Mw for its own distribution system from April '10. Sources said TPC on Thursday officially wrote a letter on the issue to R-Infra, informing them that it would support the ADA group company till March next year in the interest of Mumbai's consumers, and help R-Infra find alternative arrangements. While a Tata Power spokesperson declined to comment, an R-Infra spokesperson expressed surprise over the decision.
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