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MERC grants 25-yr power distribution licence to Tata Power

Last Updated: Friday, August 15, 2014, 12:25

In a major decision, state electricity regulator Maharashtra Electricity Regulatory Commission (MERC) has granted 25 years distribution licence to Tata Power for supplying power in city and suburban areas.

Tata Power plans to sell non-core investments to reduce debt

Last Updated: Wednesday, August 13, 2014, 21:43

With over Rs 38,000 crore net debt on its books, power utility Tata Power is mulling diluting its non-core investments to reduce the debt burden.

Tata Power to double generation capacity 18,000 MW by 2022

Last Updated: Wednesday, August 13, 2014, 17:53

Electricity producer Tata Power aims to double its generation capacity to 18,000 MW from all sources of energy by 2022.

Tata Power's net loss narrows to Rs 111.30 cr in Q1

Last Updated: Tuesday, August 12, 2014, 21:17

Private power utility Tata Power's consolidated net loss for the April-June quarter narrowed to Rs 111.30 crore mainly on account of lower forex losses and improved performance of Mundra UMPP project.

Tata Power explores renewable energy opportunities

Last Updated: Tuesday, July 29, 2014, 18:08

Besides India, opportunities are being eyed in the Middle East, South East Asia and parts of Africa.

Discoms to challenge APTEL order on Adani Power, Tata Power

Last Updated: Sunday, July 27, 2014, 18:50

Electricity distribution companies of states like Gujarat and Maharashtra are likely to appeal against sector tribunal's order allowing power producers to recover increased imported fuel cost from March 2013.

Tata Power eyes assets for acquisition, overseas opportunities

Last Updated: Sunday, July 20, 2014, 12:11

Tata Power has said the focus areas would be "scaling up of generation capacity and value added businesses" such as services and trading.

Inadequate, costlier fuel risk for power sector: Tata Power

Last Updated: Thursday, July 17, 2014, 22:07

Insufficient availability of coal coupled with costlier imported fuel pose a risk to the growth of India's power sector, Tata Power said.

Tata Power can't terminate contracts unilaterally: NTPC

Last Updated: Wednesday, July 16, 2014, 19:24

Country's largest power producer, NTPC has said that Tata Power's unit can't unilaterally call off pacts with it, and should compensate the state-run firm if it decides to do so.

Tata Power plans to raise Rs 7,000 crore

Last Updated: Sunday, July 13, 2014, 11:48

The approval would be valid for a period of one year and the amount would be within the overall borrowing limits.

Tata Power signs option deal to sell 5% in Indonesian coal miner

Last Updated: Saturday, July 05, 2014, 01:59

Tata Power Company Ltd said on Friday it has signed an option deal to sell a 5 percent stake in coal miner PT Kaltim Prima Coal (KPC) to a unit of Indonesian conglomerate Bakrie Group to reduce debt and improve cash flow.

Tata Power to sell 5% stake in an Indonesian coal company

Last Updated: Friday, July 04, 2014, 21:28

The company will sell its stake to Indonesian coal firm Bakrie Group entity.