Latest news with #PraveerSinha
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First Post
4 days ago
- Business
- First Post
Forbes India celebrates 16 years with landmark anniversary issue, exploring the possibilities disruption brings
For over a decade and a half, Forbes India has chronicled the nation's entrepreneurial growth and innovation. This milestone edition offers expert insights across sectors, from energy and education to sports and tech read more Forbes India marks its 16th anniversary with a special commemorative issue, themed 'Disruption', reflecting on the recent transformative shifts reshaping India's social, economic, and cultural fabric. Titled 'Giant Strides', this collectible special item captures how disruption can be a driving force behind progress. For over a decade and a half, Forbes India has chronicled the nation's entrepreneurial journey, documenting the evolution of ideas, enterprises, and individuals propelling India into the future. This milestone edition continues that legacy, offering incisive commentary and thought leadership across a spectrum of sectors—from energy to education, sports to technology. STORY CONTINUES BELOW THIS AD The special edition brings together a diverse collective of influential voices—including economists, academicians, entrepreneurs, and sportspersons—actively shaping tomorrow's India. Featured essays include: Santosh Iyer, Managing Director & CEO, Mercedes-Benz India Praveer Sinha, CEO & MD, Tata Power Abhinav Bindra, Olympic gold medallist and mental health advocate Nandan Nilekani, chairman and co-founder of Infosys Sanjeev Bikhchandani, founder and executive vice chairman of Info Edge Rajesh Jejurikar, executive director and CEO for Auto and Farm Sector at Mahindra & Mahindra Sharvil Patel, Managing Director, Zydus Group Together, they explore how India is navigating seismic transitions in manufacturing, clean energy, digital innovation, healthcare, artificial intelligence, and more. These narratives reflect a growing urgency to reimagine leadership, value creation, and resilience in the face of constant change. A striking new cover design, a departure from past visual identities, marks this momentous issue. The bold, forward-facing aesthetic captures the spirit of ambition, reinvention, and possibility. Pick up this special edition from newsstands near you, or you can subscribe by visiting More from Business How Indian fintech startups are driving Malaysia's UPI-like digital payments revolution Past. Present. Possibility. Explore the Legacy, Experience What's Next. Curious for more? Explore the full feature:
Economic Times
15-05-2025
- Business
- Economic Times
Tata Power shares rise 2% after Q4 net profit jumps 25% YoY
Revenue from operations for the March quarter rose by 8% to Rs 17,096 crore, up from Rs 15,847 crore in the corresponding period of the previous fiscal year. Tata Power share price rose following a robust Q4FY25 performance, marked by a 25% YoY increase in net profit to Rs 1,306 crore and an 8% rise in revenue to Rs 17,096 crore. The company proposed a final dividend of Rs 2.25 per share and plans a substantial Rs 25,000 crore capex for FY26, with interest in Uttar Pradesh discoms. Tired of too many ads? Remove Ads Dividend Details Capex Plans Tired of too many ads? Remove Ads Shares of Tata Power Company rose 2% to hit the day's high of Rs 404.55 on the BSE on Thursday after the company reported a 25% year-on-year (YoY) increase in consolidated net profit, reaching Rs 1,306 crore in Q4FY25, compared to Rs 1,046 crore in the same quarter last from operations for the March quarter rose by 8% to Rs 17,096 crore, up from Rs 15,847 crore in the corresponding period of the previous fiscal board has proposed a final dividend of Rs 2.25 per equity share for the financial year ending March 31, 2025. This dividend is subject to shareholder approval at the Annual General Meeting (AGM) scheduled for July 4, company has set Friday, June 20, 2025, as the record date for determining eligible shareholders. Tata Power plans to allocate Rs 25,000 crore for capital expenditure (capex) in FY26 and is also interested in bidding for two discoms in Uttar Pradesh, CEO Praveer Sinha revealed while outlining the company's plans for the upcoming fiscal its nuclear project ambitions, Sinha mentioned that Tata Power is awaiting legal changes and will proceed once the necessary regulations are in place. The CEO shared these insights during a post-earnings call on of the company dropped 8% in the last one year. Meanwhile, the stock has offered 78% and 1,185% in the last three and five years, respectively. Tata Power Company has worse 1-year returns than Sensex, Nifty50, Industry, and Sector.
India Today
15-05-2025
- Business
- India Today
Stocks to watch on May 15: Infosys, SBI, Yes Bank, IREDA, Eicher Motors
Stock markets traded in a narrow range on Wednesday, a day after falling sharply. However, they managed to close slightly higher by the end of the session, buoyed by gains in metals, IT, and broader market May 15, several companies will be in focus due to important announcements, including quarterly results, strategic updates, and regulatory are the key stocks to watch:INFOSYSInfosys has completed the sale of its stake in a joint venture in Japan. The joint venture, known as HIPUS, was led by Infosys and operated in partnership with Mitsubishi Heavy Industries. This marks the end of Infosys's direct involvement in the Bank of India (SBI) will be in focus as its board will meet on May 20 to consider raising up to $3 billion through a public offer or other foreign currency instruments in the financial year 2025–26. This move is aimed at supporting its international operations and future BANKYes Bank may see movement after Moody's Ratings called Sumitomo Mitsui Banking Corporation's (SMBC) planned purchase of a 20% stake in the bank a credit positive move. Moody's noted that the partnership would bring in a strong long-term investor with a solid financial base, which could help Yes Bank grow more AND GENSOL ENGINEERINGThe Indian Renewable Energy Development Agency (IREDA) has filed a bankruptcy application against Gensol Engineering over a loan default. Gensol owes IREDA Rs 510 crore (about $59.73 million). The move could lead to further legal proceedings and will be closely watched by MOTORSEicher Motors, the parent company of Royal Enfield, announced that the two-wheeler brand recorded its highest-ever quarterly sales. Royal Enfield sold 2,80,801 units in the fourth quarter of FY25, marking a 23.2% increase over the same period last POWERTata Power is planning to spend Rs 25,000 crore as capital expenditure in FY26. CEO Praveer Sinha also said that the company is interested in bidding for two electricity distribution companies (discoms) in Uttar Pradesh. This signals Tata Power's aim to expand its power distribution FORGEBalu Forge Industries reported a strong 123% year-on-year growth in net profit for the fourth quarter, reaching Rs 63 crore compared to Rs 28 crore in the same period last ENTERPRISESReal estate company Brigade Enterprises reported a 20% growth in net profit for the quarter ending March 31, 2025. The profit came in at Rs 246.8 crore, showing healthy demand in the housing and commercial property MEDICAREShilpa Medicare said its Unit-1, run by its arm Shilpa Pharma Lifesciences, has received an Establishment Inspection Report (EIR) from the US Food and Drug Administration (US FDA). The site has been classified under Voluntary Action Indicated (VAI), which means there are some issues, but they do not need an immediate fix and will not affect the approval of drug Unilever (HUL) received a 'no adverse observation' letter from both the NSE and BSE regarding its scheme of arrangement with Kwality Wall's India. This clears a regulatory step and allows the company to move forward with its plan.Q4 RESULTS TODAYSeveral companies will report their March quarter results on May 15, including LIC Housing Finance, PB Fintech, Abbott India, Allied, Blenders and Distillers, Balrampur Chini Mills, CESC, Crompton Greaves Consumer Electricals, Endurance Technologies, Gujarat Mineral Development Corporation, Godfrey Phillips India, Godrej Industries, G R Infraprojects, INOX India, ITC Hotels, JSW Energy, Kaynes, Technology India, Medi Assist Healthcare Services, NCC, Patanjali Foods, Tube Investments of India, Websol Energy System, and Welspun Enterprises advertisement
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Business Standard
15-05-2025
- Business
- Business Standard
Tata Power share price rises 2% on healthy Q4 results; profit jumps 25% YoY
Tata Power share price: Tata Power shares were buzzing in trade on Thursday, May 15, 2025, as the scrip rose as much as 1.90 per cent to hit an intraday high of ₹404.55 per share. However, at 9:27 AM, Tata Power shares were trading 0.08 per cent lower at ₹396.70. In comparison, BSE Sensex was trading 0.28 per cent lower at 81,100.55 level. Catch Stock Market Latest Updates Today LIVE What led to the up move in Tata Power share price? Tata Power share price rose after the company posted stellar results in the March quarter of financial year 2025 (Q4FY25). The company's revenue, also known as topline, rose 7 per cent year-on-year to ₹17,238 crore, from ₹16,256 crore in the same quarter a year ago. Notably, the company achieved its highest ever revenue in FY25 at ₹64,502 crore, up 5 per cent YoY). At the operating level, earnings before interest, tax, depreciation and amortisation (Ebitda) climbed 14 per cent Y-o-Y to ₹3,829 crore, from ₹3,358 crore a year ago. "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 the 22nd consecutive quarter of PAT growth, highlighted by several significant milestones,' said Praveer Sinha, CEO and managing director, Tata Power. '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 per cent in FY25. Building on this strong growth trajectory, we are poised to shape the contours of a new energy era— advancing India's energy,' Sinha added. ALSO READ | About Tata Power Tata Power Company Limited, a flagship enterprise of the Tata Group—India's largest multinational conglomerate—is a leading integrated power company with a diverse portfolio of 15.7 GW. Spanning the entire power value chain, Tata Power is actively engaged in energy generation (both renewable and conventional), transmission, distribution, trading, energy storage, and solar cell and module manufacturing. As a trailblazer in India's clean energy transition, the company has established 6.9 GW of renewable energy capacity, representing 44 per cent of its total power portfolio.
Time of India
15-05-2025
- Business
- Time of India
Tata Power to bid for UP discoms in core business push
Mumbai: Tata Power plans to bid for two electricity distribution companies in Uttar Pradesh — Dakshinanchal Vidyut Vitran Nigam and Purvanchal Vidyut Vitran Nigam — once tender documents are released, said MD Praveer Sinha. This move supports Tata Power's goal to grow its transmission and distribution (T&D) business, which brings in most of its revenue and a large share of its profits. 'Based on our discussions, bid documents are being finalised and are expected by the end of the month. They (UP) are looking to privatise two discoms — Dakshinanchal and Purvanchal — which will be divided into six circles. We will participate actively when the documents are available,' Sinha said. Currently, Tata Power manages electricity distribution in Mumbai, Delhi, Ajmer, and Odisha, serving 12.5 million customers. It aims to have a base of 40 million in 5 years. UP's goal is to cut losses and improve efficiency in these two discoms. Most likely, govt will choose a public-private partnership , with private companies holding majority stake. Dakshinanchal and Purvanchal serve 42 of UP's 75 districts. Tata Power improved the financial health of the discoms after it checked into them, which also positions it to capitalise on opportunities arising in the power distribution space. For instance, the profit of the Odisha discom, in which it holds 51% and the Odisha govt owns 49%, increased by 86%, reaching Rs 439 crore in FY25 from Rs 236 crore in FY22. Odisha discom came under Tata Power's management between June 2020 and April 2021. Tata Power, which plans to enter the small modular nuclear reactor business, is waiting for legal clarity before moving ahead. 'We are awaiting amendments to the Nuclear Power Act — specifically civil liability and private sector participation. We expect the amendments to be discussed during the monsoon session. We are preparing with site evaluations, water arrangements, and technology reviews, but our next steps depend on legal clarity,' Sinha said. Tata Steel & Tata Motors, are potential customers for the nuclear power that Tata Power intends to offer as part of its clean energy solution. It plans to spend Rs 25,000 crore on capital expenditure in FY26. Sinha said 50% of this amount will be allocated to renewables, 20% to generation, and 30% to T&D. In FY25, it spent Rs 16,000 crore on capex, falling short of the Rs 20,000-crore target. The reduced spend was attributed to delays in transmission and renewable projects, according to the leadership. Tata Power plans to exit Tata Projects, the contractor that built Parliament building after independence, as it wants to focus on its main businesses. 'Tata Power is focused on growth in core businesses: renewables, hydro, transmission, and distribution. We need capital for this, so we have chosen not to allocate funds to non-core ventures,' said Sinha.
