Tata Power has reported a net profit (profit after tax) of INR 1,306 crore and revenue of INR 17,328 crore for the fourth quarter of FY 2025.
The 131 MW wind-solar project will supply power to Tata Motors’ six manufacturing plants in Maharashtra and Gujarat.
Tata Power will build 5 GW of renewable energy (solar, wind, and hydro) and storage plants with an investment of INR 30,000 crore over the next five years.
Odisha Renewable Energy Development Agency (OREDA) has listed Tata Power Renewable Energy Ltd (TPREL) as one of its preferred solar partners. This collaboration targets to solarise 300,000 households in the next three years.
Solar Energy Corp. of India Ltd (SECI) has withdrawn the debarment notice issued to Reliance Power with immediate effect. Accordingly, the Company and its subsidiaries, except Reliance NU BESS Ltd (formerly known as Maharashtra Energy Generation Limited), are eligible to participate in all tenders issued by SECI.
Tata Power’s step-down arm TP Solar Ltd has commenced commercial production of solar cells with an initial capacity of 2 GW at its 4.3 GW integrated PV cell and module plant in Tirunelveli.
Tata Power has recorded INR 61,542 crore of revenue and INR 4,280 crore net profit for the fiscal year ended March 31, 2024.
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).
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