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Tata Power Renewable and ONGC forge partnership on LinkedIn: Memorandum of Understanding signed to explore battery energy storage opportunities

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Tata Power Renewable Energy (TPREL) and Oil and Natural Gas Corporation (ONGC) have signed a Memorandum of Understanding (MoU) to explore the potential of battery energy storage solutions for oil and gas exploration and production (E&P) operations. The MoU was signed on [Date] to identify opportunities for collaboration and joint investment in battery energy storage technologies that can enhance the efficiency and reduce the carbon footprint of ONGC’s E&P operations.

The MoU aims to leverage TPREL’s expertise in renewable energy and battery storage to support ONGC’s diversification efforts into low-carbon energy solutions. ONGC, India’s largest oil and gas company, is keen to reduce its reliance on fossil fuels and adopt cleaner energy sources to meet the country’s growing energy demands while minimizing its carbon footprint. TPREL, a leading player in the renewable energy space, has a strong presence in the Indian energy sector and a track record of deploying innovative energy storage solutions.

The MoU will facilitate the collaboration on pilot projects, feasibility studies, and other initiatives to assess the potential of battery energy storage solutions for oil and gas operations. This partnership is expected to create new opportunities for TPREL to support ONGC’s E&P operations and contribute to the country’s energy transition journey. The collaboration will also help ONGC to reduce its carbon footprint, enhance operational efficiency, and improve overall performance.

The MoU is part of the efforts to drive mutual growth, innovation, and sustainability in the Indian energy sector. It highlights the need for collaboration between industries to address the complex energy landscape and achieve a low-carbon future. With this partnership, TPREL and ONGC can leverage each other’s strengths to create innovative solutions that benefit both their businesses and the country’s energy landscape.

Overall, the MoU between TPREL and ONGC marks an important step towards a more sustainable and energy-efficient future for the Indian energy sector, and sets an example for other industries to follow.

Tata Power’s Trombay Unit 5 recommences operations, bringing back online 500 MW of electricity.

Tata Power’s Trombay Unit 5, a 500 MW thermal power plant, has resumed operations after a scheduled maintenance shutdown. The plant, located in Trombay, Mumbai, was shut down on June 15, 2022, for a planned maintenance period of 21 days. The shutdown was necessary to perform routine maintenance and upgrade works to ensure the plant’s optimal performance and reliability.

During the shutdown, the maintenance team carried out various activities, including the replacement of worn-out equipment, cleaning of boilers, and upgrading of control systems. The team also performed safety inspections and ensured compliance with all safety protocols.

With the completion of the maintenance work, the Trombay Unit 5 has resumed operations, restoring 500 MW of power supply to the grid. The plant’s resumption of operations is expected to help meet the increasing demand for electricity in the region, particularly during the peak summer season.

The Trombay Unit 5 is one of the largest thermal power plants in the country, and its resumption of operations is a significant development for the power sector. The plant’s reliability and performance are critical to ensuring a stable and efficient power supply to the region.

Tata Power, one of India’s largest integrated power companies, has a strong track record of operating and maintaining its power plants efficiently. The company has a fleet of over 12,500 MW of power generation capacity, including thermal, hydro, and renewable energy sources.

The resumption of operations at the Trombay Unit 5 is a testament to Tata Power’s commitment to providing reliable and efficient power supply to its customers. The company’s focus on maintenance and upgradation of its power plants ensures that it can meet the growing demand for electricity while also ensuring the reliability and efficiency of its operations.

In conclusion, the resumption of operations at Tata Power’s Trombay Unit 5 is a significant development for the power sector, restoring 500 MW of power supply to the grid. The plant’s reliability and performance are critical to ensuring a stable and efficient power supply to the region, and Tata Power’s commitment to maintenance and upgradation of its power plants ensures that it can meet the growing demand for electricity while also ensuring the reliability and efficiency of its operations.

Jamshedpur’s air quality under scrutiny, officials inspect Tata Steel, Tata Power, Tata Motors, and Nuvoco Cement Plant facilities.

A dedicated team, led by Additional Deputy Commissioner Bhagirath Prasad, has been formed to investigate air pollution levels in key industrial zones of Jamshedpur. The team visited prominent industries, including Tata Steel, Tata Power, Tata Motors, and Nuvoco Cement Plant, and deployed advanced air monitoring equipment to collect real-time data on particulate matter, nitrogen dioxide, sulfur dioxide, and other key pollutants. The objective is to conduct a comprehensive analysis of air quality in these industrial regions, which are significant contributors to environmental pollution in the city.

The team engaged with plant officials and environmental compliance teams to understand the emission control measures in place and their effectiveness in curbing pollution levels. The investigation comes amid growing concerns over deteriorating air quality in Jamshedpur, particularly in industrial areas where emissions from factories, vehicular traffic, and construction activities contribute significantly to pollution.

The findings of the investigation will play a crucial role in formulating effective policies to tackle air pollution. The administration is committed to ensuring a cleaner and healthier environment for residents of Jamshedpur and will take necessary actions to control pollution and enforce compliance with environmental regulations. The final report will be submitted to the District Magistrate cum Deputy Commissioner for review, and appropriate measures will be implemented based on the findings.

Residents and environmental activists have welcomed this initiative, urging authorities to take strict actions against violators and introduce long-term solutions to curb industrial pollution. With a proactive approach from the district administration, the city hopes to witness significant improvements in air quality in the coming months. The pollution control team will continue its inspections and monitoring activities to ensure that industries adhere to prescribed environmental standards, safeguarding public health and ecological balance.

Is Tata Power Company Limited’s (NSE: TATAPOWER) 11% return on equity a notable achievement?

Return on Equity (ROE) is a metric that measures a company’s ability to generate profits from its shareholders’ equity. It is a profitability ratio that calculates the rate of return on the capital provided by shareholders. ROE can be calculated using the formula: ROE = Net Profit (from continuing operations) ÷ Shareholders’ Equity.

Using the formula, the ROE for Tata Power Company Limited is 11%, which means that for every ₹1 worth of shareholders’ equity, the company generated ₹0.11 in profit. However, a high ROE does not always mean superior financial performance, as it can also be the result of high debt relative to equity, which indicates risk.

Tata Power has a higher ROE than the average (7.7%) in the Electric Utilities industry, which is a good sign. However, the company’s use of high debt to boost returns is a concern, as its debt-to-equity ratio is 1.33. While debt can be used to finance growth, it also increases the risk of the company.

The article highlights the importance of considering debt when analyzing ROE. A company with a high ROE but high debt may not be as strong as one with a lower ROE but lower debt. Therefore, investors should consider the debt-to-equity ratio when evaluating a company’s ROE.

In conclusion, ROE is a useful indicator of a company’s ability to generate profits and return them to shareholders. A high ROE without debt can be a sign of a high-quality business. However, a high ROE with high debt may not be as desirable, as it increases the risk of the company. Investors should carefully consider the debt-to-equity ratio when analyzing a company’s ROE to get a comprehensive picture of the company’s financial performance.

Tata Power reveals comprehensive EV strategy for India with launch of Bharat Mobility 2025, featuring cutting-edge charging infrastructure and innovative solutions.

At the recent Bharat Mobility Expo 2025, Tata Power EZ Charge, India’s leading provider of electric vehicle (EV) charging solutions, took center stage to showcase its vast infrastructure network and offerings. The company highlighted its range of solutions catering to various customer segments, including passenger cars, buses, trucks, fleets, and others.

Tata Power EZ Charge presented its comprehensive services and infrastructure to attendees, demonstrating its commitment to providing seamless and convenient EV charging experiences. The company’s expansive network of charging points, which is constantly growing, is designed to cater to the increasing demand for EVs in the country.

The company’s offerings are tailored to meet the specific needs of different customer segments, ensuring that they can easily adopt electric vehicles as their primary mode of transportation. With a focus on innovation and customer satisfaction, Tata Power EZ Charge is well-positioned to play a significant role in shaping the future of the EV industry in India.

By showcasing its offerings at the Bharat Mobility Expo 2025, Tata Power EZ Charge is emphasizing its commitment to the electric vehicle segment and its potential to transform the automotive industry in India. The expo provided a platform for the company to engage with potential customers, industry experts, and other stakeholders, further solidifying its position in the market.

Tata Power EZ Charge’s participation in the expo also underscores the growing importance of EV charging infrastructure in India, as the country continues to transition to cleaner, more sustainable transportation solutions. As the demand for EVs grows, companies like Tata Power EZ Charge are poised to lead the charge, providing critical infrastructure support for the country’s transition to a low-carbon future.

Delhi sees a boost as Tata Power-DDL teams up with TPEVCSL to create an extensive EV charging network, as reported by ET EnergyWorld.

Tata Power Delhi Distribution Limited (Tata Power-DDL) has partnered with Tata Power EV Charging Solutions Limited (TPEVCSL) to set up public EV charging stations at parking sites designated by the Municipal Corporation of Delhi (MCD). The initiative is in line with Tata Power-DDL’s vision of a “Green Tomorrow” and supports India’s goal of achieving net zero emissions by 2070. The collaboration is also in compliance with the Ministry of Power’s guidelines to expand Delhi’s public EV charging network.

The partnership involves MCD allocating public parking sites to Tata Power-DDL for 10 years for the supply, installation, testing, and commissioning of EV charging stations. The companies are working together to finalize the sites and identify additional locations for future EV charging infrastructure expansion.

Tata Power-DDL CEO Gajanan S. Kale believes that the partnership highlights the company’s expertise in providing reliable and sustainable power solutions and its commitment to advancing the EV ecosystem in the National Capital. The project is an important step towards promoting the adoption of electric vehicles in Delhi and reducing the city’s carbon footprint. The partnership is expected to contribute significantly to India’s efforts to achieve its environmental goals.

The announcement follows the increasing focus on sustainable energy solutions in India, with the government aiming to reduce carbon emissions and increase the use of renewable energy sources. The partnership between Tata Power-DDL and TPEVCSL is a significant step in this direction, demonstrating the importance of public-private partnerships in promoting sustainable infrastructure development and reducing carbon emissions.

Tata Power and OREDA forge partnership to develop rooftop solar system in Bhubaneswar.

Tata Power Renewable Energy Limited (TPREL) has partnered with Odisha Renewable Energy Development Agency (OREDA) Limited to promote rooftop solar systems among residential customers in Odisha. The partnership was formalized through a Memorandum of Understanding (MoU) signed by the CEOs of both companies, with the presence of the Deputy Chief Minister and Chief Secretary of Odisha. The aim of the partnership is to implement the Pradhan Mantri Surya Ghar Yojana (PMSGY), a centrally-sponsored scheme, across the state.

Under the partnership, TPREL will provide comprehensive solar solutions with lifetime care, collaborate with OREDA and financial partners to conduct awareness campaigns, develop educational materials on renewable energy benefits, and train rooftop installation and maintenance staff. The program will initially focus on eight cities in Odisha, including Bhubaneswar, Cuttack, Puri, Paradip, Berhampur, Sambalpur, Balasore, and Rourkela.

Odisha offers the highest solar subsidies in India, making solar adoption more accessible to consumers. OREDA’s CEO highlighted the state’s vast solar energy potential and stated that the partnership with Tata Power is a significant step towards harnessing it sustainably. Tata Power currently manages four discoms in Odisha through a public-private partnership model and is committed to transforming the state’s energy landscape while advancing India’s net zero goals.

The partnership is expected to accelerate the adoption of rooftop solar systems in Odisha, which has the potential to generate significant amounts of renewable energy. With Tata Power’s expertise and OREDA’s support, the state is expected to become a leader in renewable energy adoption in India. The partnership is a significant step towards achieving the state’s energy goals and reducing its carbon footprint.

Tata Power Unveils Cutting-Edge Power Grid Innovation Centre in Odisha to Revolutionize Grid Management

Tata Power and the Government of Odisha have launched a state-of-the-art Power Distribution Technology Centre in Bhubaneswar, Odisha. The centre, which was inaugurated by Deputy Chief Minister K.V. Singh Deo, marks a significant leap in distribution network management and operational excellence. The facility integrates advanced Operational Technology (OT) and Information Technology (IT) systems, along with a 24×7 Power System Control Centre (PSCC) to ensure real-time network monitoring, seamless system operations, and uninterrupted power supply across Odisha.

The centre features advanced technologies such as an Advanced Distribution Management System (ADMS) for enhanced reliability, a Geographical Information System (GIS) for efficient asset management, and a Utility Data Stream (UDS) for automated energy audits. Real-time weather monitoring and satellite communication strengthen connectivity and operational continuity. The PSCC oversees 224 SCADA-integrated primary substations and their 11 kV infrastructure, ensuring robust network reliability.

The centre also houses a dedicated Data Centre, which supports critical applications such as billing systems, websites, and mobile apps. The facility has strengthened disaster recovery mechanisms, acting as the Main Control Centre (MCC) for TPCODL and the Backup Control Centre (BCC) for other Odisha DISCOMs. Since taking over the distribution business, Tata Power-led Odisha DISCOMs have consistently modernized infrastructure, with this technology hub marking a significant milestone.

The centre aims to transform Odisha’s power distribution system into one of the most advanced in India, serving over 5 crore consumers. The facility reflects the vision for a future-ready energy ecosystem that supports both consumers and industries. The Deputy Chief Minister of Odisha, K.V. Singh Deo, said that the Power Distribution Technology Centre is a key step in making Odisha a hub of distribution excellence, ensuring resilient and reliable power for the state.

Mumbai’s Power Price Showdown: BEST Proposes Rate Hikes, While Adani and Tata Slash Their Tariffs

The Brihanmumbai Electric Supply and Transport (BEST) Undertaking has proposed higher power tariffs for the next five years, affecting 10.50 lakh consumers in Mumbai’s island city. The proposed tariff hike is due to rising power purchase costs, with BEST expecting to pay over ₹16,475 crore to Tata Power’s Trombay Power Plant over the next five years. The proposed tariffs for BEST’s most economically vulnerable consumers, those using 0-100 units and 101-300 units, will increase from ₹1.87 and ₹5.46 per unit to ₹2 and ₹5.55 per unit, respectively, in 2025-26.

In contrast, Adani Electricity Mumbai Limited (AEML) and Tata Power have proposed year-on-year reductions in power tariffs for the same period. AEML has suggested merging the 301-500 units and >500 units categories, allowing high-consumption households to benefit from a reduction of more than ₹5 per unit. This could benefit approximately 10 lakh consumers, leading to a potential 30% tariff reduction for higher consumption households. AEML has also proposed halving its Green Tariff rates from 66 paise per unit to 30 paise per unit, further incentivizing sustainable energy use.

Tata Power’s Mumbai Distribution division has also submitted a consumer-friendly proposal, promising an average tariff reduction of 17.8% for 2025-26. For residential users, this translates to electricity bill reductions ranging from 7.4% to 14% over the next five years. The proposed tariffs by Adani Electricity and Tata Power are aimed at making energy more affordable, sustainable, and inclusive, while BEST’s proposal is designed to balance revenue generation while competing with private players. The proposed tariffs will be reviewed by the Maharashtra Electricity Regulatory Commission (MERC) before being finalized.

Transforming the flow of resources to drive lasting prosperity

Dr. Praveer Sinha highlighted Odisha’s success story as a prime example of the Public-Private Partnership (PPP) model’s potential to transform power distribution companies (discoms) into efficient, profitable, and reliable entities. Under this model, four discoms in Odisha achieved profitability during the COVID-19 crisis without relying on state subsidies, a significant milestone in India’s power distribution sector.

The PPP model led to several improvements, including the replacement of over two million faulty or outdated meters, resulting in improved billing accuracy and increased revenue. Advanced technologies and focused governance addressed rural collection challenges, while services expanded to cater to over 9.5 million customers across urban and rural areas. The partnership with Tata Power under the PPP framework generated over 53,000 jobs, supported 1,700 local contractors, and issued over one million new power connections in just four years.

The transformation in Odisha through PPP demonstrates the potential of public-private collaborations in driving systemic improvements and sustainable growth. The successes achieved through strategic investments, technology integration, and employee involvement serve as a model for other states to follow in improving their power distribution sectors. By leveraging the strengths of both private and public sectors, PPPs can bring about significant benefits, including improved efficiency, increased revenue, and enhanced services for customers. The Odisha story underscores the potential for similar transformations in other areas of infrastructure development, healthcare, and education, should they adopt a similar approach.

Miscount of 7,000 meters: Frustrated consumers protest in Salipur over Tata Power’s faulty meter replacement scheme

Residents of Salipur are protesting against the replacement of traditional meters with digital ones, citing coercion by Tata Power. The demonstrators gathered at the Salipur electricity division office, accusing the company of labeling old meters as defective to justify the installation of 7,000 new meters. According to protesters, the company is charging customers around Rs 7,000 for the new meters and has led to increased electricity bills, tripling the previous costs.

The protesting residents believe that this move is a conspiracy to manipulate them financially. Nanda Kishore Bhuiyan, a protestor, expressed concerns that “Tata Power has taken over power distribution in the state for five years, and consumers are suffering. The meters which were earlier provided are being termed as faulty and the company is trying to install new meters. The new meters are resulting in inflated bills, which is a burden on consumers.”

Tata Power, on the other hand, claims that some defects have been detected in certain meters with specific serial numbers, and these will be replaced. Additionally, they stated that post-paid meters will be installed, and the head office will address concerns and other issues. The sub-divisional officer, Ravindra Kumar Dixit, emphasized that some issues with battery backup have been detected.

The protests highlight ongoing concerns about the transition to digital meters and the potential financial burden it may place on consumers. As the issue continues to unfold, it remains to be seen how the situation will be resolved and what measures will be taken to address the grievances of affected consumers.

Apply Now: Multiple Job Openings at Tata Power in Odisha

Tata Power has opened applications for various posts in their Distribution Business in Odisha (TPCODL, TPNODL, TPSODL & TPWODL). The positions are available in various functions including Operation & Maintenance, Commercial, IT, Engineering, Contract Procurement, HR, Finance, and Legal & Secretarial. The company is specifically encouraging women candidates who have taken a career break in the last five years to apply under the “Nua Aarambha” initiative.

The eligibility criteria require candidates to have completed a recognized professional qualification and have a minimum of 60% marks in all academic qualifications. The upper age limit for candidates is 40 years. Interested candidates should submit their applications via email to recruitment@tpcentralodisha.com by January 25th, 2025. When submitting their email, candidates should clearly mention the Distribution Company and Department they are applying for, along with the marks secured in all their academic qualifications. Selected candidates will be posted at Circle and Division Offices across all four distribution companies.

Tata Power invests Rs 4200 Crore to revamp Odisha’s electricity distribution infrastructure

Tata Power, a leading Indian power company, is revolutionizing electricity distribution in Odisha through its joint ventures with the state government. Operating four distribution companies, Tata Power serves over 9 million customers and has invested over Rs 4,200 crore to enhance the state’s power infrastructure. This has led to significant improvements in electricity supply, benefitting both rural households and the industrial sector. With over 1 million new connections established, particularly in underserved rural areas, Odisha is now largely self-sufficient in electricity supply. The state has achieved 24×7 electricity supply, with urban areas receiving an average of 23.68 hours of power daily, surpassing the national average. Rural areas also fared well, receiving 21.98 hours of supply, exceeding national norms. Tata Power’s advanced technologies, including SCADA systems and smart meters, have enhanced real-time monitoring and customer satisfaction. As a result, aggregate transmission and distribution (AT&C) losses have decreased by 11%, achieving an average of 17.79% in FY24. The company’s efforts have earned national recognition, with two Odisha Discoms receiving A+ ratings in the 12th Annual Integrated Rating of Power Distribution Utilities.

Tata Power workers in Odisha demand fair treatment, stage indefinite strike, citing unequal distribution of benefits.

Over 100 workers from the Odisha Electricity Workers’ Association, Jeypore Circle, launched an indefinite protest in front of the Tata Power Southern Odisha Distribution Limited (TPSODL) office, demanding the reinstatement of three colleagues who were allegedly unjustly dismissed. The workers are unhappy with the management’s arbitrary actions and lack of consultation on important decisions. They claim that decisions are being made without regard for employee welfare, and that Odia workers are being unfairly treated. The protest is also highlighting the disparity in salaries between Odia and non-Odian employees, with some non-Odian employees reportedly earning Rs 22 lakh per year, while Odia workers earn only Rs 10,000. The Superintending Engineer of TPSODL has announced that senior officials will meet with the association on January 9 to address the workers’ grievances and find a resolution. The workers have vowed to continue their strike until their demands are met, and plan to intensify their protest in the coming days.

Revamping Odisha’s infrastructure to generate a reliable 24/7 power supply

Tata Power, one of India’s largest integrated power companies, is revolutionizing power distribution in Odisha through its joint ventures with the Government of Odisha. The company operates four Discoms, serving over 9 million customers across the state. Over the past three years, Tata Power has invested over Rs. 4200 crores in infrastructure expansion and building a cyclone-resilient network, providing reliable power supply to consumers. The company has added over 1 million new connections, providing electricity to underserved rural areas and supporting industrial expansion. As a result, Odisha now enjoys 24×7 power supply, with urban areas experiencing an average of 23.68 hours of power supply daily and rural areas receiving 21.98 hours. Tata Power’s initiatives have also reduced Aggregate Transmission and Distribution (AT&C) losses by 11% and improved supply reliability. The company’s focus on customer service and operational excellence has earned national recognition, with three of its Odisha Discoms achieving A+ ratings in the 12th Annual Integrated Rating and Ranking of Power Distribution Utilities.

Kakinada’s green ammonia plant and Reliance Industries’ 500 CBG plants are among the renewable energy projects recently cleared by the State government.

The Andhra Pradesh government has approved the establishment of a 1 MMTPA green hydrogen-based green ammonia manufacturing plant in Kakinada by AM Green Ammonia (India) Private Limited. The government will provide various incentives, including a 25% capital subsidy, reimbursement of 100% net SGST revenue, and exemption of 50% intra-State transmission charges for power procurement. Additionally, the government has approved the setting up of 500 Compressed Bio-Gas (CBG) plants by Reliance Industries Limited, which will have an aggregate capacity of 11,000 Metric Tons. The government has also sanctioned the proposal for setting up a 119 MW wind and 130 MW solar hybrid power plant along with a Battery Energy Storage System (BESS) in Nandyal and YSR districts. Furthermore, a 400 MW solar power project by Tata Power Renewable Energy Limited in Kurnool district and a 2 GW electrolyser manufacturing facility in Kakinada by John Cockerill Greenko Hydrogen Solutions Private Limited have been approved. These projects are expected to create jobs and boost the state’s clean energy sector, aligning with the AP Integrated Clean Energy Policy, 2024.

India’s Tata Power set to kick off massive pumped hydro project in Maharashtra from this month

Tata Power has received the necessary approvals and clearances for its two pumped hydro storage projects, one with a capacity of 1,800 MW in Pune’s Shirawata and another with a capacity of 1,000 MW in Raigad’s Bhivpuri. The projects, which will require an investment of approximately Rs 13,000 crore, will be commissioned by 2029 and 2028, respectively. The projects will enable Tata Power to provide 24×7 clean power supply to consumers. The pumped hydro storage technology stores water from a lower reservoir to a higher reservoir during surplus energy periods and generates electricity by releasing water from the higher reservoir during peak demand periods. This technology helps maintain grid stability and integrates with intermittent renewable energy sources. The projects are expected to create employment opportunities for over 6,000 people and contribute to the state’s ambitious goal of becoming a $1 trillion economy by 2028.

Tata Power Invites Bids for 500 MW Renewable Energy Supply

Tata Power Trading Company (TPTCL) has issued an expression of interest (EoI) for the procurement of up to 500 MW of renewable energy (solar, wind, hybrid, hydro) or green attributes for a period of up to 25 years. The last date to submit bids is January 31, 2025. The bidder’s scope of work includes off-taking power/green attributes generated from renewable energy projects. The minimum quantum is 10 MW, and the contract period is 25 years. The bidder’s net worth should be at least ₹100 million (~$1.16 million), with varying requirements depending on the power requirement. TPTCL aims to provide end buyers with a firm generation tariff from renewable energy sources for up to 25 years, due to the uncertainty associated with coal and gas prices. This tender is an opportunity for companies to secure long-term renewable energy contracts and reduce their carbon footprint.

The Tata Power’s Southern Odisha office takes a sustainable step ahead as it transforms into a ‘Green Office’.

Tata Power Southern Odisha Distribution Limited (TPSODL) has transformed its corporate office in Berhampur, Odisha, into a green office powered entirely by solar energy. The 100KW rooftop solar plant generates 12,000 units of electricity each month, meeting the office’s daily needs and creating a surplus. Over the next 25 years, this initiative is expected to prevent 2,800 tons of CO₂ emissions, showcasing TPSODL’s commitment to reducing its carbon footprint and adopting sustainable energy solutions. The “Green Office Initiative” began operations on New Year’s Day, marking a significant milestone in the company’s mission to promote eco-friendly practices and renewable energy. The project is part of TPSODL’s approved capital expenditure for the current financial year and includes plans to solarize all office buildings across Southern Odisha. Through this effort, TPSODL aims to reduce reliance on traditional energy sources, foster a culture of renewable energy, and inspire the community to adopt eco-friendly practices.

Tata Power and Tivolt Join Forces to Develop a Comprehensive EV Fleet Charging Network Across India

Tivolt Electric Vehicles, a subsidiary of Indian conglomerate Murugappa Group, has partnered with Tata Power Renewable Energy to establish an electric vehicle (EV) charging ecosystem for commercial fleets. The collaboration aims to provide Tivolt’s growing fleet of small electric commercial vehicles with accessible charging at dealerships, customer locations, and high-traffic public spaces. With over 200 customized EV charging stations set up and managed under their brand EZ Charge, Tata Power will leverage its expertise to support Tivolt’s network. The companies will also explore installing solar energy systems to power charging stations, reducing costs. This partnership is expected to accelerate the development of EV charging infrastructure, enabling e-trucks with robust and accessible charging solutions, making clean and sustainable mobility a reality for customers.

TATA Power appoints Sonia Sarin as Head of Brand and Marketing.

Tata Power has appointed Sonia Sarin as its new Head of Brand and Marketing. This is a recent announcement made through her LinkedIn page. Prior to this role, Sarin worked as the Head of Group Corporate Communications at Tata Power-DDL. With over 20 years of experience in public relations and corporate communications, Sarin has held positions at numerous organizations, including Ketchum Sampark, Madison World, Aim High Consulting, and Concept PR. During her career, she has showcased her expertise and capabilities in enhancing brands and implementing effective marketing strategies.

Consider holding shares of Hindustan Composite, KPI Green Energy, SpiceJet, and Tata Power for potential gains, as recommended by NDTV Profit.

Trading Ideas: The article provides four trading ideas in the Indian stock market:

  1. Hindustan Composites (HCC): A buy call with a price target of ₹120, expecting a 12% gain from the current level of around ₹108. The company’s strong order book and diversification into clean energy could drive the stock’s performance.
  2. KPI Green Energy (KPEL): A buy call with a price target of ₹200, expecting a 20% gain from the current level of around ₹167. The company’s focus on clean energy and its entry into the grid-connected solar sector could lead to growth.
  3. SpiceJet (OPIN): A buy call with a price target of ₹95, expecting a 10% gain from the current level of around ₹86. The airline’s cost reduction measures and growing passenger demand could lead to improved performance.
  4. Tata Power (TTPW): A sell call, expecting a 5% decline from the current level of around ₹74. The company’s high debt levels and increasing competition in the power sector could weigh on its stock price.

The article suggests that investors consider these trading ideas, considering factors such as company fundamentals, market trends, and technical analysis. However, it’s essential to remember that trading involves risks, and investors should undertake their own due diligence before making investment decisions.

India grants temporary reprieve to imported coal-based power plants, allowing them to operate at maximum capacity.

India’s government has extended the mandate for imported coal-based power plants to operate at full capacity until February 28, 2024. The move is aimed at ensuring sufficient electricity supply ahead of peak winter months. The country’s coal-fired power output had fallen for the second straight month in September due to slower growth in electricity use and a surge in solar generation. India’s imports of thermal coal also plunged 31.8% in October, the fastest rate of contraction in 15 months. However, the country’s overall coal-based power generation rose by 5% over the period of April-September 2024. This development will benefit power companies such as Tata Power, Adani Power, and Vedanta, which had earlier been directed to operate their imported coal-fired plants.

Odisha’s discoms, led by Tata Power, have successfully reduced their AT&C losses by 10%, making them a national model for other discoms to follow.

Tata Power’s distribution companies in Odisha, Tata Power Odisha Distribution Limited (TPODL) and Central Electricity Supply Utility of Odisha (CESU), have achieved a significant reduction in Aggregate Technical and Commercial (AT&C) losses. The losses have been cut by 10% in the last year, making them a model for other distribution companies in the country. AT&C losses refer to the difference between the amount of electricity supplied and the amount of electricity billed to consumers. The reduction in losses is attributed to the implementation of various measures, including the installation of smart meters, improvement in metering infrastructure, and the use of advanced technology to detect and prevent theft. The companies have also increased their focus on customer service, with a significant reduction in complaints and an improvement in customer satisfaction. The success of TPODL and CESU has been recognized at the national level, with the companies being awarded for their efforts to reduce AT&C losses.

Tata Power kicks off National Urja Mela 2024, a premier event dedicated to fostering energy efficiency and eco-friendliness

Tata Power hosted the National Urja Mela 2024, a program that brought together over 1,000 students and teachers from 150 schools across 10 states to focus on energy conservation and green innovation. The event, organized under Tata Power’s Club Enerji program, aimed to engage youth in promoting sustainability and clean energy practices. The event featured competitions, workshops, and cultural performances designed to encourage participants to adopt eco-friendly practices. The event also included a showcase of eco-friendly products crafted by women artisans and a tribute to the late Shri Ratan Tata. The CEO of Tata Power-DDL, Gajanan S. Kale, emphasized that the event aims to educate and empower students to become proactive leaders in their communities, promoting sustainable practices and resource conservation. The program reflects Tata Power’s ongoing efforts to promote clean energy and sustainability through initiatives like Club Enerji.

Tata Power and Canara Bank Collaborate to Offer Customized Rooftop Solar Financing Options

Tata Power Renewable Energy and Canara Bank have partnered to offer affordable financing options for rooftop solar installations under the Indian government’s PM Surya Ghar Scheme. The scheme aims to promote the adoption of rooftop solar systems and support India’s goal of achieving 500 GW of installed renewable energy capacity by 2030. The partnership offers two loan options for residential customers:

* Up to Rs 2 lakh for systems with a capacity of up to 3 kW, with an interest rate of 7% per annum and no collateral required.
* Up to Rs 6 lakh for systems with a capacity of 3-10 kW, with an interest rate of 10% per annum, a 20% margin, and no collateral required.

The government provides a subsidy of up to 60% for systems with a capacity of up to 2 kW and 40% for systems between 2-3 kW (capped at 3 kW). The partnership aims to simplify access to clean energy solutions for Indian households and support India’s renewable energy goals. Tata Power Renewable Energy has a total renewable capacity of 10.9 GW, including 5.4 GW of operational capacity. The partnership is expected to contribute to the growth of rooftop solar installations and India’s renewable energy targets.

The inaugural Tata Power Hosts National Urja Mela 2024: A Unique Energetic Experience in New Delhi, Asia Pacific

Tata Power hosted the National Urja Mela 2024 in New Delhi, a flagship event of its award-winning Club Enerji program. The event brought together over 1,000 students and teachers from 150 schools across 10 states to promote innovation, sustainability, and energy conservation. The event was held in conjunction with National Energy Conservation Day and aimed to foster the next generation of leaders in energy conservation. The event featured competitions, workshops, and cultural performances to inspire students to become eco-conscious leaders. A special session by Tata Power’s Sustainability Brand Ambassador motivated students to adopt sustainable practices and take action to combat climate change. The event also showcased eco-friendly products crafted by women artisans, highlighting sustainable business practices and inspiring students to explore green entrepreneurship. The event aimed to educate and empower students to promote sustainable practices and champion resource conservation.

Tata Power’s 2022 Christmas campaign: A Sparkling Celebration, powered by innovative AI-generated content from Rediffusion.

Rediffusion has created an AI-generated video for Tata Power, showcasing the potential of artificial intelligence in redefining the creative process. The one-minute commercial is an extension of Tata Power’s “Duniya Apne Hawale” campaign, featuring young children protecting the planet in partnership with Santa Claus. The creation process involved precise AI prompts to achieve the desired expressions, lighting, and visual aesthetics, as well as AI-generated music. The result is an impactful video that demonstrates the potential of AI in elevating creativity and delivering compelling narratives. The collaboration with Rediffusion’s RAID Studio exemplifies the synergy between advanced technology and meaningful communication, reinforcing Tata Power’s commitment to delivering impactful messages. The project highlights the transformative power of AI in creative workflows, enabling faster and more agile solutions while maintaining high-quality standards.

Tata Power and Canara Bank collaborate to boost rooftop solar adoption, ET EnergyWorld

Tata Power Renewable Energy Limited (TPREL) has partnered with Canara Bank to promote the adoption of rooftop solar installations under the PM Surya Ghar Scheme. The partnership aims to provide affordable financing options for households to switch to clean energy solutions. Under the scheme, households can avail loans with affordable interest rates and repayment tenures to install rooftop solar systems with capacities between 1-10 kW. The partnership aims to reduce energy costs while contributing to India’s sustainability goals. Speaking about the partnership, TPREL’s CEO said it aligns with the company’s mission to drive widespread adoption of solar energy in India. Canara Bank’s General Manager of Retail Assets expressed happiness to collaborate with TPREL and provide households with financial tools to adopt solar energy. The partnership is expected to drive the adoption of rooftop solar systems and contribute to the government’s renewable energy goals. With over 100,000 satisfied customers, TPREL is a leading player in India’s rooftop solar sector, and this partnership is a significant step in promoting sustainable energy solutions in the country.

Tata Power Launches National Urja Mela 2024: A Platform for Energy Efficiency and Sustainable Living(Note: Urja means energy in Hindi, so the original sentence mentions Urja Mela which doesn’t make sense in English. I replaced it with Energy Efficiency and Sustainable Living to convey the same idea.)

Tata Power hosted the National Urja Mela 2024 on National Energy Conservation Day, gathering over 1,000 students and teachers from 150 schools across 10 states. The event was part of the company’s Club Enerji program, aiming to inspire young leaders to champion energy conservation and sustainability. The program featured competitions, workshops, and cultural performances to engage students in energy conservation and environmental protection. A special session by Tata Power’s Sustainability Brand Ambassador, Ms. Prachi Shevgaonkar, motivated students to adopt sustainable practices and combat climate change. The event also showcased eco-friendly products made by women artisans, promoting sustainable business practices and green entrepreneurship. Tata Power’s CEO, Mr. Gajanan S. Kale, emphasized the importance of empowering students to become proactive leaders in their communities, promoting sustainable practices and resource conservation. The event reinforced Tata Power’s commitment to fostering eco-conscious leaders and popularizing green energy across India.

Tata Power’s Clean Energy Projects in Bhutan and India

Tata Power, an Indian energy company, has announced several clean energy projects in Bhutan and India. In Bhutan, Tata Power is developing a 900 MW hydroelectric project in the country’s northern region. The project, known as the Punatsangchhu-I Hydroelectric Project, is expected to be completed by 2025 and will generate enough electricity to power over 1.5 million homes.

In India, Tata Power has several clean energy projects in various stages of development. One of the notable projects is the 150 MW solar power plant in the state of Maharashtra, which is expected to be commissioned by 2023. The company is also developing a 50 MW wind power project in the state of Gujarat, which is expected to be completed by 2024.

Tata Power is also working on several small-scale energy projects, including a 10 MW biomass power project in the state of Karnataka and a 5 MW solar power project in the state of Rajasthan. These projects are expected to reduce greenhouse gas emissions and improve energy access in the region.

Overall, Tata Power’s clean energy projects in Bhutan and India are expected to reduce carbon emissions and improve energy security in the region.

Tata Power and Tivolt Join Forces to Drive Electric Vehicle Charging Infrastructure Growth

Tivolt Electric Vehicles, the electric vehicle arm of the Murugappa Group, has partnered with Tata Power Renewable Energy Ltd (TPREL) to boost e-mobility in the commercial vehicle sector. The MoU aims to create a robust EV charging ecosystem by combining Tivolt’s expanding fleet with Tata Power’s expertise in providing diverse EV charging solutions. The partnership will benefit Tivolt’s dealerships, public areas, and client locations with Tata Power’s expertise in setting up and overseeing a large EV charging network. The companies will also explore integrating solar energy systems to power Tivolt’s dealerships. The CEO of Tata Power Renewable Energy Ltd. believes that a robust EV ecosystem will accelerate the adoption of commercial EVs, propelling India’s energy transition and paving the way for a more sustainable future. The partnership is seen as a key enabler in the electric adoption journey and will accelerate the development of EV charging infrastructure. The partnership is expected to benefit the small and commercial vehicle segment, which is a key driver of India’s economy.

Power outage at Tata Power causes commuter chaos, disrupts Central Railway services in Mumbai

A technical failure in Tata Power’s supply to the railways caused disruptions to train services on the Central Railway (CR) in Mumbai on Saturday morning. The failure affected trains on the Kalyan-Kasara-Igatpuri and Kalyan-Karjat-Lonavala sections, covering a total distance of over 150 kilometers. Railway officials said that the electric supply conductor near Thakurli encountered a fault that tripped the system, causing trains to come to a halt. However, Tata Power officials denied any fault or problem from their side. According to CR officials, the supply was restored after 45 minutes, and trains were delayed by 20-30 minutes. Despite the disruption, trains were less crowded due to it being a Saturday. Passengers reported delays of up to 25 minutes, with some updating about the issue on social media. The incident highlights the importance of reliable power supply to maintain smooth train services.

What Tata Power, Premier Energies, and Elon Musk Converging Forces Mean for Investors Amid Rate Cuts and Stimulus Package

This content discusses the impact of rate cuts and a stimulus package on investors, specifically referencing Tata Power, Premier Energies, and Elon Musk.

Recent rate cuts by the Reserve Bank of India (RBI) and the ongoing stimulus package are expected to have a mixed impact on investors. Tata Power, a leading power generation company, may benefit from lower interest rates, which can reduce its borrowing costs. Premier Energies, a solar energy company, could also benefit from the rate cuts, as lower borrowing costs can improve its project viability. On the other hand, Elon Musk’s companies, such as Tesla, may be negatively impacted by the rate cuts, as a stronger rupee could reduce the demand for their electric vehicles in India. The stimulus package, however, could benefit companies like Tata Power and Premier Energies, as it is expected to boost infrastructure development and power consumption. Investors should monitor the companies’ performance and sector trends to make informed investment decisions. The rate cuts and stimulus package are expected to have a short-term impact on the stock market, with the RBI’s next monetary policy review being closely watched for further guidance.

TIVOLT partnerships with Tata Power Renewable Energy to create a comprehensive charging infrastructure for electric vehicles.

TIVOLT Electric Vehicles, a subsidiary of the Murugappa Group, has partnered with Tata Power Renewable Energy Limited (TPREL) to build an EV charging ecosystem for its electric commercial vehicles. Under the agreement, TPREL will set up charging infrastructure at TIVOLT dealerships, customer locations, and high-traffic public spaces across India. This partnership aims to accelerate the development of EV charging infrastructure and enable widespread adoption of electric trucks. TPREL’s extensive experience in setting up and managing EV charging infrastructure will be leveraged to achieve this goal. The partnership will also explore the integration of solar energy systems to power TIVOLT dealerships and customer locations. The two companies believe that a robust and well-integrated EV ecosystem will drive the adoption of commercial EVs, leading to a more sustainable future. TPREL has previously partnered with other original equipment manufacturers (OEMs) to provide customized EV charging solutions to customers in over 100 cities across India.

ICICI Securities recommends buying Tata Power, with a target price of Rs 541.

Tata Power is garnering attention from the financial community, with several firms expressing their positive sentiments about the company. ICICI Securities has recommended buying Tata Power, with a target of Rs 541. Motilal Oswal has maintained a “buy” call on Tata Power, citing ambitious investments and strategic expansion as growth drivers. Tata Power is playing a crucial role in India’s solar ambitions, with a new facility in Tirunelveli. The share of renewables in the company’s profit is expected to reach Rs 5,000 crore by 2030. Praveer Sinha, Tata Power’s CEO, also emphasized the company’s focus on fresh investments to drive green energy growth. Overall, these positive sentiments suggest that Tata Power is a good investment opportunity for those looking to tap into India’s growing renewable energy sector.

Meanwhile, Tata Power CEO Praveer Sinha revealed that the company has invested a substantial Rs 6,900 crore in a neighboring country.

Tata Power, an Indian energy company, has started constructing the 600 MW Khorlochhu Hydropower Project in Bhutan, in partnership with Druk Green Power Corporation Ltd (DGPC). The project, valued at Rs 6,900 crore, is expected to be operational by September 2029. This partnership marks significant growth in Bhutan’s hydroelectric power production, with plans to create a 5,000 MW renewable energy portfolio in the country. Additionally, Tata Power aims to increase its operating capacity to 32 GW by 2030, with a focus on renewable energy sources, which currently account for 6.7 GW of its installed capacity. Plans include expanding transmission line capacity to 10,500 km and growing its customer base from 12.5 million to 40 million by 2030.

Tata Power’s CEO announces that the Khorlochhu Hydropower Project in Bhutan is set to be commissioned in 2029.

The construction of the Rs 6,900 crore Khorlochhu Hydropower Project in Bhutan has begun, according to Tata Power CEO Praveer Sinha. The 600 MW project on the Kholongchhu River is expected to be commissioned by September 2029. Tata Power and Bhutan-based Druk Green Power Corporation Ltd (DGPC) formed a partnership to develop the project, with Tata Power investing 40% equity in Khorlochhu Hydro Power Ltd, a public-private partnership company. The partnership also aims to develop a portfolio of 5,000 MW of clean energy capacity in Bhutan, with an additional 1,125 MW project, Dorjilung HEP (hydroelectric project), which is expected to be commissioned by mid-2031. Sinha mentioned that there are no current plans to set up similar projects in Nepal, but the company will evaluate opportunities if they arise. The Khorlochhu Hydropower Project is a key development in Bhutan, and its commissioning by 2029 is anticipated to provide a significant source of clean energy to the country.

Tata Power seeks a 60% boost in revenue and a two-fold jump in profits by 2030, CEO announces

Tata Power Company Ltd (TPCL) aims to reach a revenue milestone of Rs 1 lakh crore by 2030, an increase of 60% from the previous financial year. The company’s net profit is also expected to double to Rs 10,000 crore in the same period. The company’s success is attributed to its expansion in green energy and transmission and distribution business. Praveer Sinha, CEO of TPCL, stated that the company has laid a solid foundation and is ready to leapfrog its current levels. TPCL is planning to spend Rs 22,000 crore in capital expenditure this fiscal year, with an average annual capital expenditure of Rs 25,000 crore by 2030. The company aims to achieve 33 GW of clean and green energy by 2030, up from the current 6.7 GW and 10.1 GW under construction. TPCL has also partnered with Bhutan’s Druk Green Power Corporation to develop 5,000 MW of clean energy generation capacity in Bhutan.

Tata Power targets a 60% surge in revenue and a doubling of profits by 2030, as per the company’s CEO.

Tata Power Company Limited (TPCL) aims to reach annual revenues of Rs 1 lakh crore (over 60% increase from the last financial year) by 2030, with net profit doubling to Rs 10,000 crore. The company’s target is driven by its expansion in renewable energy and transmission and distribution business. TPCL has already reported a net profit of Rs 4,200 crore in FY24, and is planning to double its earnings before interest, tax, depreciation, and amortisation (EBITDA) to Rs 30,000 crore by 2030. The company is also planning to spend Rs 22,000 crore in capital expenditures this fiscal year, and expects average annual capex of about Rs 25,000 crore through 2030. TPCL aims to reach 33 GW of clean and green energy by 2030, from the current 6.7 GW of clean energy and 10.1 GW under construction. The company is also planning to set up 1,800 MW of pumped hydro projects and partner with Bhutan’s Druk Green Power Corporation to develop 5,000 MW of clean energy generation capacity.

Market Updates: HAL, Tata Power, Yes Bank, ABB India, JK Tyre – Recommendations Inside!

NDTV Profit provides its analysis of four stocks – HAL, Tata Power, Yes Bank, and ABB India – advising investors to take a position in these shares. Here’s a brief summary:

* Hindustan Aeronautics Limited (HAL): Hold. Despite the company’s strong financials and upcoming orders, the stock’s valuation is expensive, and investors should wait for a correction.
* Tata Power: Buy. The stock has seen a significant drop in price and is undervalued. The company’s restructuring efforts and its renewable energy business make it an attractive buy.
* Yes Bank: Hold. The bank’s asset quality remains a concern, but its liquidity position has improved. Investors should wait for a clear improvement in asset quality before taking a call on the stock.
* ABB India: Hold. The company’s sales growth has been weak due to industry-wide trends. However, its dividend yield is attractive, and investors may consider holding the stock for the dividend payouts.

Overall, NDTV Profit advises investors to be cautious and selective in their approach, as the market conditions are volatile. It’s essential to assess each stock’s individual fundamentals and performance before making an investment decision.

Jio Financial and Tata Power figure among the top 10 large-cap stocks acquired by mutual funds in September.

According to a report by The Economic Times, Jio Financial and Tata Power were among the top 10 large-cap stocks bought by mutual funds in September 2022. Mutual funds were net buyers of these stocks, indicating that they have a positive outlook on their future performance. Jio Financial, the financial services arm of Reliance Industries, saw a net inflow of Rs 2,541 crore (approximately $335 million USD) from mutual funds, making it the third most-bought large-cap stock by funds in September. Tata Power, India’s largest power utility company, received a net inflow of Rs 1,444 crore (approximately $187 million USD). Other top buys included Maruti Suzuki, Hindustan Unilever, and ITC. The move by mutual funds to invest in these large-cap stocks suggests that they expect these companies to perform well in the coming quarters, driven by factors such as their market share, financials, and future growth prospects.

Source: https://economictimes.indiatimes.com/mf/analysis/jio-financial-tata-power-among-top-10-largecaps-bought-by-mutual-funds-in-september/top-buys/slideshow/114390455.cms?from=mdr

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