Tata Power’s profit after tax for the third quarter (Oct-Nov-Dec. period) of FY 2024 grew to INR 1,076 crore compared to INR 1,052 crore in Q3 FY 2023.
Tata Power Renewable Energy Ltd has signed power delivery agreements with multiple industrial groups for a cumulative capacity of over 1.4 GW in the last seven months.
Tata Power clocked 16th consecutive quarter of net profit (profit after tax) growth with Q2 FY 2024 profit rising 9% YoY to INR 1,017 crore ($122.18 million).
Deepesh Nanda joins Tata Power from GE Gas Power, where he was the chief executive officer for South Asia, overseeing operations in India, Bangladesh, Sri Lanka, Mauritius, and Nepal.
Tata Power’s greenfield 4.3 GW solar cell and module manufacturing plant in Tamil Nadu is expected to start PV module production by the year end.
Tata Motors is expanding on-site solar power capacity at its Pune commercial vehicle manufacturing facility to 20.73 MWp with the addition of a 12 MWp project. Tata Power Renewable Energy will develop the project.
Tata Power Renewable Energy Ltd will establish a 4.4 MW AC solar project for consumption by automotive component manufacturer Anand Group.
Tata Power Renewable Energy Ltd will develop 200 MW and 150 MW solar projects for power supply to Maharashtra State Electricity Distribution Co. Ltd (MSEDCL). The projects will be located in Maharashtra.
Tata Power Renewable Energy will develop a solar project for captive consumption by Princeton Digital’s data center in Mumbai, Maharashtra. The project will be located in the Nanded district.
The 110 MW solar project located in Rajasthan will supply green power to Kerala.
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