Tata Power and the Asian Development Bank (ADB) have signed a Memorandum of Understanding (MoU) coinciding with the ongoing Climate Conference (COP29) at Baku, Azerbaijan, to evaluate financing for its several strategic projects aimed at enhancing India`s power infrastructure and promoting renewable and clean energy. The MoU outlines the evaluation of financing for several key ongoing projects such as the 966 MW Solar Wind Hybrid project and Pumped Hydro Storage Project and other projects in the pipeline around energy transition, decarbonization, and battery storage as well as ongoing financing for capex towards strengthening the distribution networks managed by Tata Power. The total estimated project cost is approximately US $4.25 billion.Powered by Capital Market - Live News

Tata Power Company has signed the Share Purchase Agreement (�SPA`) and acquired 100% equity stake in ERES-XXXIX Power Transmission (ERES-XXXIX), a special purpose vehicle (SPV). The Company is a SPV formed in 27 March 2024, specifically to establish the transmission system for ERES-XXXIX Power Transmission(Gopalpur, Odisha) which comprises Angul to Gopalpur ~190 km of 765 KV D/C line, Gopalpur 765/400 KV GIS substation, Bay Ext. at Angul (765 KV AIS) and at OPTCL-Gopalpur (400 KV GIS S/s to be developed by OPTCL). Also, there is a ~12 km of 400 KV D/C line from OPTCL (Gopalpur) 400 KV GIS S/s to Gopalpur 765 KV GIS S/s. The schedule date of commercial operation (SCOD) of the said SPV will be on 31 December 2027. Powered by Capital Market - Live News

Yamuna International Airport (YIAPL), a wholly-owned subsidiary of Zurich Airport International AG, developed in close partnership with the Government of Uttar Pradesh and the Government of India, has selected Tata Power Company (Tata Power) to meet a substantial portion of the Noida International Airport`s (NIA) energy requirements through renewable sources. Additionally, YIAPL has engaged Tata Power for the development of dry utilities (electrical infrastructure) for the airport and its operation and maintenance for a 25-year term. The value of the contract is Rs 550 crore. Powered by Capital Market - Live News

Tata Power Company has signed the share purchase agreement and acquired 100% equity stake in Paradeep Transmission, a special purpose vehicle. The acquisition process was completed on 06 November 2024. The company is a special purpose vehicle formed on 30 November 2023, specifically to establish the transmission system for EasternRegion Expansion Scheme-XXXIV (Paradeep Transmission Limited) which comprises Angul to Paradeep ~190 km of 765 KV D/C line, Paradeep 765/400 KV GIS substation, Bay Ext. at Angul (765 KV AIS) and at OPTCLParadeep (400 KV GIS). There is also a ~12 km of 400 KV D/C line from OPTCL (Paradeep) 400 KV GIS S/s to Paradeep 765 KV GIS S/s. Powered by Capital Market - Live News

Net profit of Tata Power Company rose 5.83% to Rs 926.53 crore in the quarter ended September 2024 as against Rs 875.53 crore during the previous quarter ended September 2023. Sales declined 0.26% to Rs 15697.67 crore in the quarter ended September 2024 as against Rs 15738.03 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales15697.6715738.03 0 OPM %20.8417.61 - PBDT2899.562156.57 34 PBT1912.871230.68 55 NP926.53875.53 6 Powered by Capital Market - Live News