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CNBC TV18

Tata Power and Adaro International in arbitration over coal supply dispute

Adaro, alleging a breach of contract by TPCL, has initiated the arbitration process with a claim of $106 million. Tata Power, in response, has raised counterclaims of $229.947 million for Adaro’s failure to fulfil its obligations under the coal supply agreement. Shares of Tata Power Company Ltd ended at ₹439.30, down by ₹1.35, or 0.31%, on the BSE.

Business Standard

TPREL pledges Rs 75,000 crore to achieve 20GW solar capacity by 2030

Tata Power Renewable Energy Ltd (TPREL) has committed an investment of Rs 75,000 crore to achieve 20GW of operational capacity by 2030, a top company official said. Talking to PTI Videos on Tuesday, TPREL President Deepesh Nanda said that the company is already operating 5 GW capacity and has another 5 GW under construction. "We have committed to take this number all the way to 20 GW operational capacity by 2030," he said. To achieve this target, TPREL has committed an incremental investment of Rs 75,000 crore, he said adding that the company may meet these goals, possibly ahead of schedule. "We have just commissioned a massive 4.3 GW module manufacturing facility in Tirunelveli, which will further support our growth plans," Nanda added. Tata Power Renewable Energy Ltd is a subsidiary of Tata Power Ltd.

The Economic Times

Tata Power arm pledges Rs 75,000 cr to achieve 20GW solar capacity by 2030

Tata Power Renewable Energy Ltd (TPREL) plans to invest Rs 75,000 crore to reach 20GW of operational capacity by 2030. Currently, the company operates 5 GW and has another 5 GW under construction. TPREL recently commissioned a 4.3 GW module manufacturing facility in Tirunelveli to support its growth.

Business Standard

Tata Power arm bags 400 MW hybrid project in Maharashtra

Tata Power Renewable Energy (TPREL) has secured a letter of award (LoA) from Maharashtra State Electricity Distribution Company (MSEDCL) for the development of a 400 MW wind-solar hybrid project in Maharashtra.

Business Standard

Tata Power Renewable Energy bags 400 MW wind-solar project from MSEDCL

Tata Power Renewable Energy on Wednesday said it has secured a 400 MW wind-solar hybrid project from Maharashtra State Electricity Distribution Company Ltd (MSEDCL). Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power, has successfully secured a Letter of Award (LoA) from MSEDCL, a wholly-owned entity under the Maharashtra government, for the development of a 400 MW wind-solar hybrid project in Maharashtra, a statement said. The company said that the LoA includes an original contracted capacity of 200 MW, along with a greenshoe option for an additional contracted capacity of 200 MW. This would be the largest renewable energy project in Maharashtra till date for TPREL. The LoA was issued through a competitive bidding process conducted via an electronically-based reverse auction portal. The project is expected to be completed within 24 months from the signing of the Power Purchase Agreement (PPA) between TPREL & MSEDCL and will play a crucial role in cutting carbon ..

The Economic Times

Tata Power Renewable Energy bags 400 MW wind-solar hybrid project from MSEDCL

Tata Power Renewable Energy has secured a 400 MW wind-solar hybrid project from Maharashtra State Electricity Distribution Company Ltd. The project, the largest of its kind in Maharashtra, is expected to be completed within 24 months and will significantly reduce carbon emissions while supplying sustainable energy to MSEDCL.

CNBC TV18

Tata Power’s solar cell unit in Tamil Nadu to be fully functional by October: CEO Praveer Sinha

Praveer Sinha, CEO of Tata Power, also told CNBC TV18 that the company’s 4.3 gigawatt solar module manufacturing plant in Tamil Nadu which has been operational for nearly a year, is now running at full capacity. The Tata Power stock ended 0.39% higher at ₹445 on the BSE today, September 17.

The Economic Times

Tata Power to invest up to $9 billion to expand renewable energy capacity

India's Tata Power plans to invest approximately Rs 700-750 billion ($8.95 billion) over the next five to six years to expand its renewable energy capacity. CEO Praveer Sinha announced that the company aims to add 15 gigawatts of renewable capacity by 2030.

Business Standard

Tata Power installs rooftop solar systems at 600 locations in Chhattisgarh

Tata Power Solar Systems Ltd (TPSSL) has installed rooftop solar systems at more than 600 locations in Chhattisgarh under an initiative, a company official said on Sunday. The company, which is a wholly-owned subsidiary of Tata Power Renewable Energy Ltd (TPREL), launched its rooftop solar system installation initiative after its success in Rajasthan, Uttar Pradesh and Kerala, the official said.. Though the installation of rooftop solar systems under the initiative, 'GharGharSolar, Tata Power ke Sang', started in mid-this year in the state, it was officially launched by Tata Power Company Chief Executive Officer and Managing Director Praveer Sinha and TPREL CEO and MD Deepesh Nanda this week, the official said. The initiative intends to make clean energy available to all households in the state, building on the commitment to promoting sustainable energy solutions throughout India, he said. Chhattisgarh has become a significant hub for TPSSL's activities and initiatives, with a cate

Business Line

Tata Power Solar installs rooftop solar systems at 600 locations in Chhattisgarh

According to a company official, “Chhattisgarh has become a significant hub for TPSSL’s activities and initiatives.”

Mint

Top Stock Recommendations: Aakash Hindocha of Nuvama suggests Jubilant FoodWorks, Aegis Logistics, and Tata Power today

Top Stock Recommendations: Aakash K Hindocha of Nuvama Professional Clients Group recommends these three stocks for today - Jubilant FoodWorks Ltd, Aegis Logistics Ltd, and Tata Power Company Ltd.

CNBC TV18

Tata Power begins production at solar plant in Tamil Nadu's Tirunelveli

Shares of Tata Power Company Ltd ended at ₹417.85, up by ₹0.90, or 0.22% on the BSE

The Economic Times

Tata Power sets up 50K home chargers for EVs since April'23, says company

Tata Power has established 50,000 home chargers for electric vehicles across India and over 500 charging points for electric buses in metropolitan cities since April last year. Since 2018, the company has set up one lakh EV chargers nationwide, supporting e-mobility adoption with a reliable charging experience at home.

Business Standard

Tata Power awards contracts worth Rs 11,481 cr to local suppliers in Odisha

Tata Power-led Odisha Discoms have awarded contracts worth Rs 11,481 crore to local contractors and suppliers, an official said. The joint ventures between Tata Power and the Odisha government, placed orders worth Rs 8,690 crore with local MSMEs and Rs 2,791 crore to non-MSMEs by the Discoms over the past three years since taking over the state's power distribution operations. These contracts, spread across two major categories like materials and services, have been awarded to local contractors and suppliers. Odisha discoms - TP Central, TP Southern, TP Northern, and TP Western Odisha Distribution Limited have forged agreements with 6,645 local vendors and suppliers, the official said. The company in a statement said that these collaborative partnerships serve as the backbone for day-to-day operations and services, with a special emphasis on encouraging local vendors to employ residents from the nearby regions. Within the service sector, covering meter reading, billing, network .

The Economic Times

To address performance issues, Tata Motors to buy EV batteries from Chinese co: Report

Tata Motors will source battery packs for its electric vehicles from China’s Octillion Power Systems. The Indian automaker already offers several EV models and plans to introduce more. Despite a dip in EV sales, Tata Motors controls 68% of the market. Recently, the company joined the top ten most valued global automotive firms.

Business Line

Tata Power plans ₹20,000 crore investment in renewable energy and distribution business: N Chandrasekaran

The investment will focus on accelerating the company’s renewable energy portfolio and growing the transmission and distribution business

The Economic Times

Tata Power to invest Rs 20,000 crore in FY25: N Chandrasekaran

N Chandrasekaran said that the company is well positioned to lead India's green energy shift with a focus on providing round-the-clock renewable energy, especially to commercial and industrial consumers. It is also aggressively looking at growth in rooftop solar, aiming for increased market share on the back of PM Surya Ghar Yojana.

The Economic Times

Tata Power invests over Rs 4,200 cr in network expansion, upgrade in Odisha

Tata Power has invested Rs 4,245 crore in infrastructure expansion and network upgrades in Odisha over the past 3-4 years. The company operates four joint ventures with the government, serving over 9 million customers. The investment includes Rs 1,232 crore through government-backed schemes, including laying 33 KV lines and adding 30,230 distribution transformers.