India’s Tata Power Reports 2.4X Jump In Profit From Renewable Energy
India’s ‘largest integrated power company’ Tata Power reported a huge increase in profit from its renewable energy business during the financial year ending March 2018.
India’s ‘largest integrated power company’ Tata Power reported a huge increase in profit from its renewable energy business during the financial year ending March 2018.
Indian companies continue to push for innovation with an endeavor to meet the highly ambitious renewable energy target set by the government. The conducive policy and regulatory regime for the development of renewable energy in the country has reaped the first solar-powered carport.
One of India’s leading private power generation companies, Tata Power, has reported a huge jump in profit from its renewable energy division.
One of India’s leading private sector power companies is planning to infuse large sums of equity into its renewable energy subsidiary to enable the latter to execute large-scale solar power projects.
Corporate filings made by Tata Power earlier this month have confirmed media reports that the company will undertake India’s largest ever renewable energy buyout. Tata Power, part of the Tata industrial conglomerate, has announced that it entered an agreement to acquire renewable energy assets of Welspun Renewables Energy, part of … [continued]
The renewable energy arm of one of the leading private power generation companies in India has raised fresh funding. Tata Power Renewable Energy raised Rs 575 crore (US$86 million) through the issuance of non-convertible debentures (NCDs) on a private placement basis. The funds raised will be use to retire high-cost … [continued]
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One of India’s largest private sector power generation companies, Tata Power, looks set to undertake the country’s biggest renewable energy acquisition. According to media reports, Tata Power is set to acquire Welspun Renewables, a subsidiary of the Welspun Group, for a record $1.45 billion. If the transaction goes through, Tata … [continued]
One of India’s leading private sector power generation companies has announced plans to make renewable energy a major part of its operations. Tata Power, part of the famous Indian industrial conglomerate Tata Group, has announced plans to increase its share of renewable energy output from 20% to 35-40% by 2025. … [continued]
Originally published on Sustainnovate. The rapidly increasing competition in solar power auctions in India have promoted utilities to take advantage of the falling tariffs and procure electricity to meet their renewable purchase obligations. Delhi-based power utility BSES has announced plans to procure renewable energy power purchase agreements amounting to 700 … [continued]