Latest news with #PraveerSinha
Time of India
6 days ago
- Business
- Time of India
Tata Power eyes 125 MW rooftop plants in Raj this yr
Jaipur: Tata Power Renewable Energy Ltd on Monday rolled out Ghar Ghar Solar campaign in Jaipur to accelerate the adoption of residential rooftop solar. Residents can install Rooftop Solar systems with minimal upfront investment starting from Rs 7,499 for 2 kW (with EMIs starting from Rs 2499) and Rs 9,999 for 3 kW with entry EMIs of Rs 3,209. Praveer Sinha, CEO & MD of Tata Power said the initiative will turn solar adoption from an aspiration into an economically viable option. The company has achieved a cumulative installation of 180 MW capacity through 7,600 rooftop solar systems across residential and commercial segments in Rajasthan. "In FY26, the company aims to install 125 MW of plants in Rajasthan, comprising both segments," added Sinha. tnn
Time of India
18-06-2025
- Business
- Time of India
Tata Power rolls out affordable solar rooftop solutions in Odisha
Bhubaneswar: Leading rooftop solar company, Tata Power Renewable Energy Limited (TPREL) on Tuesday announced the launch of an affordable rooftop solar solution in Odisha under its ' Ghar Ghar Solar ' campaign. The programme was launched in the presence of MD and CEO of Tata Power Dr Praveer Sinha and MD & CEO of (TPREL) Sanjay Banga, here at a function. The company in a statement said that its accessible, consumer-centric financing model makes rooftop solar affordable for a broader segment of Odisha's population. "Residents can install systems with minimal upfront investment starting from Rs 2,499 for 1 kW system," an official said. The official said it will turn solar adoption from an aspiration into an economically viable option. This first-of-its-kind initiative is set to accelerate residential rooftop solar adoption across the state by enabling customers to pay just one-third of the total amount, making solar power more accessible, affordable, and seamlessly integrated into households, the statement said. Odisha consumers gain substantial financial benefits through the PM Surya Ghar: Muft Bijli Yojana, which offers subsidies up to Rs 78,000 for solar systems up to 3 kW, covering nearly 40 per cent of the installation costs. The initiative is further strengthened through the state government's additional subsidy of Rs 25,000 for a 1 kW system and Rs 50,000 for a 2 kW system. "This financial support significantly accelerates rooftop solar adoption, making clean energy solutions accessible to households across the state," the TPREL official said. Odisha has already witnessed a remarkable surge in rooftop solar adoption, significantly driven by the growing awareness created through the 'Ghar Ghar Solar' initiative. In 2024-25 fiscal, the Company boarded 1,033 new solar rooftop customers, a tenfold increase from the 2023-24 fiscal in the state. The Commercial and Industrial segment also showed consistent growth in Odisha, with 76 consumers added in FY25, up from 56 consumers in FY24. The company said TPREL offers a comprehensive range of benefits to its solar rooftop consumers, including a 25-year warranty on modules, trusted quality assurance, exclusive sales and service in over 450+ districts, lifetime service and after-sales support across India, easy financing options, and insurance for solar rooftop systems. PTI
New Indian Express
18-06-2025
- Business
- New Indian Express
Tata Power rolls out affordable solar rooftop solutions
BHUBANESWAR: With the state struggling to meet the target of powering three lakh households through rooftop solar system under PM Surya Ghar: Muft Bijli Yojana, the Tata Power Renewable Energy Limited (TPREL) on Tuesday rolled out an affordable plan to boost ground-level adoption of the scheme. Launching the 'Ghar Ghar Solar' campaign, TPREL, a subsidiary of Tata Power, said the company's accessible, consumer-centric financing model will make rooftop solar affordable for a broader segment of the population. 'Residents can install solar systems with minimal upfront investment starting from `2,499 for 1 kW, `4,999 for 2 kW and `7,999 for 3 kW. This initiative will help households, turning solar adoption from an aspiration into an economically viable option,' said Tata Power CEO and MD Praveer Sinha. The first-of-its-kind initiative is set to accelerate residential rooftop solar adoption across the state by enabling customers to pay just one-third of the total amount, making solar power affordable and seamlessly integrated into households, he said.
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First Post
27-05-2025
- 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.
