Tata Power Company has received a letter of intent from REC Power Development & Consultancy (a wholly owned subsidiary of REC) to acquire ERES-XXXIX Power Transmission (ERES-XXXIX), a project special purpose vehicle (SPV). The Project SPV ERES-XXXIX would be developed on Build-Own-Operate Transfer basis, to provide transmission service for 35 years from the Scheduled Date of Commercial Operation (SCOD) on 31 December 2027. The scope of project involves constructing 2 x 1500 MVA, 765/ 400 kV GIS substation at Gopalpur with associated bays at Angul and Gopalpur (OPTCL), ~190 km of 765 kV double circuit transmission line from existing Angul substation of PGCIL to the proposed 765 kV GIS substation at Gopalpur and ~12 km of 400 kV line from upcoming OPTCL substation at Gopalpur to the proposed 765 kV GIS substation at Gopalpur. The award is placed on the Company for a period of 35 years. The annual transmission charges would be Rs 289.729 crore. Powered by Capital Market - Live

Tata Power Company will hold a meeting of the Board of Directors of the Company on 30 October 2024.Powered by Capital Market - Live

Tata Power Company Ltd is down for a fifth straight session today. The stock is quoting at Rs 443.1, down 5.05% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.93% on the day, quoting at 24780.85. The Sensex is at 81006.87, down 0.83%.Tata Power Company Ltd has added around 6.04% in last one month.Meanwhile, Nifty Energy index of which Tata Power Company Ltd is a constituent, has eased around 2.38% in last one month and is currently quoting at 42080.65, down 2.74% on the day. The volume in the stock stood at 119.57 lakh shares today, compared to the daily average of 175.7 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 445.4, down 5.08% on the day. Tata Power Company Ltd jumped 77.24% in last one year as compared to a 27% rally in NIFTY and a 54.61% spurt in the Nifty Energy index.The PE of the stock is 59.15 based on TTM earnings ending June 24.Powered by Capital Market - Live

Tata Power Company has appointed Anjali Pandey has been appointed as President - Generation and categorised as Senior Management Personnel of the Company with effect from 01 October 2024. Powered by Capital Market - Live

Tata Power announced the signing of a landmark Memorandum of Understanding (MoU) with the Government of Rajasthan during the ongoing Rising Rajasthan Investor Meet in New Delhi with an investment plan of ~₹1.2 lakh crore. This ambitious 10-year plan aims to support Rajasthan's transformation into a power surplus state, providing 24/7 clean, affordable, and reliable power supply with investments in renewable energy projects and manufacturing, transmission, distribution, nuclear power, rooftop installations, and EV charging. The MoU will place Rajasthan at the heart of the nation's clean energy transition, contributing significantly to India's energy goals.Powered by Capital Market - Live

Tata Power Company announced that there was a fire incident in the Control Room of Unit No. 5 (500 MW unit) of Trombay Plant on 23 September 2024. The cause of the fire is currently under investigation, and no injuries or loss of life have been reported. Powered by Capital Market - Live

Tata Power Company Ltd gained for a third straight session today. The stock is quoting at Rs 469.5, up 3.31% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.06% on the day, quoting at 25955.35. The Sensex is at 84969.64, up 0.05%. Tata Power Company Ltd has risen around 11.12% in last one month. Meanwhile, Nifty Energy index of which Tata Power Company Ltd is a constituent, has risen around 0.14% in last one month and is currently quoting at 43370.5, up 0.83% on the day. The volume in the stock stood at 248.57 lakh shares today, compared to the daily average of 132.47 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 471.4, up 3.59% on the day. Tata Power Company Ltd is up 82.76% in last one year as compared to a 31.92% spurt in NIFTY and a 61.34% spurt in the Nifty Energy index.The PE of the stock is 57.59 based on TTM earnings ending June 24.Powered by Capital Market - Live

Tata Power Renewable Energy is a wholly owned subsidiary of Tata Power Company. 'The LoA includes an original contracted capacity of 200 MW, along with a greenshoe option for an additional contracted capacity of 200 MW, making this the largest renewable energy project in state of Maharashtra till date for TPREL,' the company said in regulatory filing. The project is part of MSEDCL's broader initiative to meet the state's renewable purchase obligation (RPO) and address future power demands at competitive tariff. The electricity generated by the hybrid project, which combines solar and wind energy, will be supplied to MSEDCL, aiding the utility company in meeting its energy needs sustainably and enhancing Maharashtra's renewable energy portfolio. The project is expected to be completed within 24 months from signing of the Power Purchase Agreement (PPA) between TPREL and MSEDCL and will play a crucial role in cutting carbon emissions, with an estimated reduction of 895 million kilograms of CO2 annually. With this achievement, TPREL's total renewable energy capacity now stands at 10.5 GW with 5.7 GW of projects in various stages of implementation. Its operational capacity has reached 4.8 GW, comprising 3.8 GW of solar and 1 GW of wind energy projects. Tata Power Company is one of India's largest integrated power companies and together with its subsidiaries and jointly controlled entities, has an installed / managed capacity of 14,453 MW. The company has a presence across the entire power value chain - generation of renewable as well as conventional power including hydro and thermal energy, transmission & distribution, coal & freight, logistics, and trading. The company's consolidated net profit decreased marginally to Rs 970.91 crore in Q1 FY25 as compared with Rs 972.49 crore in Q1 FY24.Revenue from operations grew 13.67% to Rs 17,293.62 crore during the first quarter as compared with Rs 15,213.29 crore in the corresponding quarter last year. Shares of Tata Power added 0.11% to Rs 445.55 on the BSE.Powered by Capital Market - Live

Tata Power Renewable Energy (TPREL), a subsidiary of The Tata Power Company (Tata Power), has successfully secured a Letter of Award (LoA) from the Maharashtra State Electricity Distribution Company (MSEDCL), a wholly owned entity under the Maharashtra Government, for the development of a 400 MW Wind-Solar Hybrid project in Maharashtra. The LoA includes an original contracted capacity of 200 MW, along with a greenshoe option for an additional contracted capacity of 200 MW, making this the largest renewable energy project in state of Maharashtra till date for TPREL. The project is part of MSEDCL's broader initiative to meet the state's Renewable Purchase Obligation (RPO) and address future power demands at competitive tariff. The LoA was issued through a competitive bidding process conducted via an electronically based reverse auction portal.Powered by Capital Market - Live

Tata Power Company Ltd rose for a fifth straight session today. The stock is quoting at Rs 445.75, up 0.15% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.23% on the day, quoting at 25476.3. The Sensex is at 83297.27, up 0.26%. Tata Power Company Ltd has added around 6.44% in last one month. Meanwhile, Nifty Energy index of which Tata Power Company Ltd is a constituent, has added around 1.64% in last one month and is currently quoting at 42648.8, down 0.07% on the day. The volume in the stock stood at 40.1 lakh shares today, compared to the daily average of 116.83 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 446.15, down 0.02% on the day. Tata Power Company Ltd is up 70.13% in last one year as compared to a 28.01% gain in NIFTY and a 55.32% gain in the Nifty Energy index.The PE of the stock is 56.41 based on TTM earnings ending June 24.Powered by Capital Market - Live