Latest news with #KhorlochhuHydro
Business Standard
14-05-2025
- Business
- Business Standard
Tata Power Q4 PAT climbs 16% YoY to Rs 1,043 cr
Tata Power Company's consolidated net profit jumped 16.49% to Rs 1,042.83 crore on a 7.88% increase in revenue from operations to Rs 17,095.88 crore in Q4 FY25 over Q4 FY24. Profit before tax (PBT) increased 4.08% YoY to Rs 1,599.69 crore in Q4 FY25. The company said that higher power sales from all generating plants, ramp up of all module and cell lines in Tirunelveli, significant strides in solar rooftop business pan-India (achieving 1.5 lakh installation milestone) contributed significantly to the overall growth. EBITDA jumped 14% to Rs 3,829 crore in Q4 FY25, compared with Rs 3,358 crore in Q4 FY24. On segmental front, renewable business PAT jumped 62% YoY in Q4 FY25 to Rs 469 crore and T&D business PAT grows 50% YoY to Rs 616 crore in Q4FY25. The rooftop solar segment achieves Rs 100 crore PAT milestone during Q4FY25. In Q4 FY25, the distribution segment recorded an impressive 73% YoY growth in PAT, driven primarily by Odisha DISCOMs' strong performance. Odisha DISCOMs' PAT surged 3x to Rs 275 crore, supported by improved billing and collection efficiencies, along with lower ECL provisions. On full year basis, the companys consolidated net profit increased 7.43% to Rs 3,971 crore on 6.56% jump in revenue from operations to Rs 65,478.24 crore in FY25 over FY24. In FY25, The company commissioned over 2.5 GW of renewable capacitycomprising 1 GW of in-house utility-scale projects, 600 MW of rooftop solar (~782 MWp), and 900 MW for third-party customers showcasing its expertise to execute at speed and scale. The company has nearly 3 GW capacity under development across states like Karnataka and Maharashtra. It has secured over 6,800 MW of grid connectivity, and has acquired more than 30,000 acres of land for setting up the ongoing 5.4 MW of projects in pipeline. The company stated that to meet the FY26 all-India expected peak demand of 277 GW, all its renewable and thermal generation plants continue to operate at optimal capacity to ensure the most cost-effective and reliable power supply. The 1,000 MW Bhivpuri Pumped Hydro Project has secured key approvals, including from the Central Electricity Authority (CEA), and is set to begin construction in H1 FY26 with commissioning targeted by Aug 2028. Work on the 1,800 MW Shirawata project is expected to start in later part of the year and will get commissioned in 2030. With the starting of work at the 600 MW Khorlochhu Hydro project in Bhutan (part of a broader 5 GW clean energy MoU with Bhutan), the Company is advancing the regional energy security, the company stated in regulatory filing. Praveer Sinha, CEO and managing director, Tata Power, said "FY25 has been a remarkable year for Tata Power, with the company achieving a record-breaking PAT exceeding Rs 5,000 crore, driven by exceptional contributions across all our business segments. Q4FY25 marks 22nd consecutive quarter of PAT growth, highlighted by several significant milestones. For the first time, we surpassed 1 GW in renewable capacity additions within a single year and are now targeting 2 GW in FY26. Our rooftop solar business has performed impressively, reaching over 1.5 lakh installations, with a total installed capacity of 3 GW. Additionally, our 4.3 GW cell and 4.3 GW module manufacturing facility in Tirunelveli, Tamil Nadu produced 3,291 MW of modules and 846 MW of cells during the year. Our Distribution segment also delivered strong results, with PAT from Odisha Discoms surging 3x in Q4FY25 and 43 % in FY25. Building on this strong growth trajectory, we are poised to shape the contours of a new energy era advancing Indias energy self-reliance and powering its transformative journey to become the worlds third-largest economy." Meanwhile, the companys board recommended a final dividend of Rs 2.25 per equity share of Rs 1 each to the members for the financial year ended March 31, 2025, subject to the approval of the members at the forthcoming 106th annual general meeting (AGM). The AGM will be held on Friday, July 4, 2025. If the dividend is approved by the members at AGM, it will be paid on and from Monday, 7 July 2025. The company has fixed record date as Friday, 20 June 2025. Tata Power Company, a leading integrated power company and a part of the Tata Group. It owns a diversified portfolio of 15.7 GW. This portfolio spans the entire power value chain, from renewable and conventional energy generation to transmission, distribution, trading, storage solutions, and solar cell and module manufacturing. The counter added 2.02% to end at Rs 397 on the BSE.
Time of India
14-05-2025
- Business
- Time of India
Tata Power FY25 PAT rises 26 pc to ₹5,197 cr; Q4 profit up 25 pc at ₹1,306 cr
New Delhi: Tata Power on Wednesday reported a 26 per cent year-on-year rise in profit after tax (PAT) before exceptional items at ₹5,197 crore for the financial year ended March 31, 2025. The company's Q4FY25 PAT rose 25 per cent year-on-year to ₹1,306 crore. Annual revenue for FY25 stood at ₹64,502 crore, up 5 per cent from ₹61,542 crore in FY24, marking the company's highest-ever revenue. EBITDA for FY25 rose 14 per cent to ₹14,468 crore. In Q4, revenue increased 7 per cent year-on-year to ₹17,238 crore, while EBITDA rose 14 per cent to ₹3,829 crore. Core business PAT for Q4FY25 grew 52 per cent year-on-year to ₹1,541 crore. In Q4FY25, the distribution segment reported 73 per cent year-on-year growth in PAT. PAT from Odisha DISCOMs rose three-fold to ₹275 crore, supported by improvements in billing and collections and lower expected credit loss provisions. For FY25, Odisha DISCOMs reported PAT of ₹439 crore, up 43 per cent from the previous year. The renewables business posted 62 per cent PAT growth year-on-year to ₹469 crore in Q4, and 48 per cent growth to ₹1,256 crore for FY25. The rooftop solar segment reported ₹100 crore PAT in Q4FY25 and ₹209 crore in FY25, with installations crossing 1.5 lakh units across more than 700 cities. Manufacturing operations contributed ₹422 crore PAT in FY25, with TP Solar producing 3,291 MW of modules and 846 MW of cells. Revenue from TP Solar stood at ₹5,337 crore. Dr. Praveer Sinha, CEO and Managing Director, Tata Power, said, 'FY25 has been a remarkable year for Tata Power, with the company achieving a record-breaking PAT exceeding ₹5000 crore, driven by exceptional contributions across all our business segments." 'Q4FY25 marks 22nd consecutive quarter of PAT growth, highlighted by several significant milestones. For the first time, we surpassed 1 GW in renewable capacity additions within a single year and are now targeting 2 GW in FY26. Our rooftop solar business has performed impressively, reaching over 1.5 lakh installations, with a total installed capacity of 3 GW. Additionally, our 4.3 GW cell and 4.3 GW module manufacturing facility in Tirunelveli, Tamil Nadu produced 3,291 MW of modules and 846 MW of cells during the year,' he added. Tata Power commissioned over 2.5 GW of renewable capacity during FY25, which included 1 GW of in-house utility-scale projects, 600 MW of rooftop solar (~782 MWp), and 900 MW for third-party customers. It has nearly 3 GW of capacity under development and secured over 6,800 MW of grid connectivity, with more than 30,000 acres of land acquired for pipeline projects. The 1,000 MW Bhivpuri Pumped Hydro Project received Central Electricity Authority (CEA) approval and is scheduled for commissioning by August 2028. The 1,800 MW Shirawata project is expected to begin construction later in FY26 and will be commissioned in 2030. Construction also began at the 600 MW Khorlochhu Hydro project in Bhutan, part of a 5 GW clean energy MoU. In FY25, Tata Power supplied 64.7 billion units of electricity through its generation assets and 47 billion units through its distribution companies. The company's renewable portfolio stood at 10.9 GW as on March 2025, including 5.4 GW under implementation. Tata Power installed over 1.4 lakh home EV chargers and 5,488 public or semi-public charging points across 641 cities. The company signed multiple MoUs during the year, including: 1. $4.25 billion funding agreement with Asian Development Bank for clean energy projects 2. ₹30,000 crore MoU with Assam for 5,000 MW of clean energy 3. ₹49,000 crore MoU with Andhra Pradesh for 7,000 MW RE under ICE policy 4. 200 MW FDRE PPA with NTPC to generate 1,300 MUs 5. MoUs with ONGC and Tata Motors for storage and hybrid projects TP Solar secured a ₹632 crore SECI order for 292.5 MWp of DCR solar modules for deployment in Andhra Pradesh. Tata Power also crossed 26 lakh smart meter installations across its distribution operations.
