Latest news with #TPCL
Time of India
2 days ago
- Business
- Time of India
Tata Power bets on renewable energy to drive future growth
ET Intelligence Group: Tata Power Company (TPCL) is ramping up investments in renewables, which have emerged as a key growth driver for profit and revenue. The segment's share of operating profit rose to 26.3% in FY25 from 19.2% in FY23. In the first quarter of FY26, this segment was the largest contributor to the company's operating profit before depreciation and amortisationm, or Ebitda . Renewables clocked an Ebitda of ₹1,567 crore, while TPCL's total Ebitda was ₹3,930 crore. Other divisions, including transmission and distribution (T&D), delivered an Ebitda of ₹ 1,345 crore, while that from thermal generation, coal, and hydro segment was ₹974 crore. The company plans to add 1.7 gigawatts (GW) of renewable energy capacity by the end of the current financial year, which will take its total installed renewables capacity to approximately 6.6 GW. The total clean energy capacity- including renewable, hydro, hybrid and Waste Heat Recovery Systems-was nearly 7 GW as of June. Adani Green Energy , in comparison, had a total renewable energy capacity of 14.2 GW at the end of FY25, comprising 10.1 GW of solar, 2 GW of wind, and 2.1 GW of hybrid power. Praveer Sinha, MD and CEO, TPCL, stated during an earnings call that the company's balance sheet was sturdy in spite of a sustained capital expenditure. "We spent in the June quarter ₹3,700 crore against our full year plan of ₹25,000 crore and we are on track to implement all those projects." The company is currently executing nearly 5.5 GW of renewable energy capacity. It has 2.8 GW of pumped hydro projects in progress, with 1 GW already under construction and the remaining 1.8 GW scheduled to begin within the next nine months. In addition, work is underway on a 600-megawatt hydro project in Bhutan with plans to scale the total capacity to nearly 5 GW over the next few years. "These projects will give us either similar or better returns than what we will do in any other project," Sinha said. The company's net debt has risen by nearly ₹2,900 crore to ₹47,578 crore in the first quarter of the current financial year due to higher capex and working capital requirements. JM Financial Institutional Securities expects the company's net profit to grow by 13% annually between FY25 and FY28. The broking firm has retained a 'buy' call on the stock with a target price of ₹436. The stock was last traded at ₹384.5 on Tuesday on the BSE.
Economic Times
2 days ago
- Business
- Economic Times
Tata Power bets on renewable energy to drive future growth
ET Intelligence Group: Tata Power Company (TPCL) is ramping up investments in renewables, which have emerged as a key growth driver for profit and revenue. The segment's share of operating profit rose to 26.3% in FY25 from 19.2% in FY23. In the first quarter of FY26, this segment was the largest contributor to the company's operating profit before depreciation and amortisationm, or Ebitda. Renewables clocked an Ebitda of ₹1,567 crore, while TPCL's total Ebitda was ₹3,930 crore. Other divisions, including transmission and distribution (T&D), delivered an Ebitda of ₹ 1,345 crore, while that from thermal generation, coal, and hydro segment was ₹974 crore. The company plans to add 1.7 gigawatts (GW) of renewable energy capacity by the end of the current financial year, which will take its total installed renewables capacity to approximately 6.6 GW. The total clean energy capacity- including renewable, hydro, hybrid and Waste Heat Recovery Systems-was nearly 7 GW as of June. Adani Green Energy, in comparison, had a total renewable energy capacity of 14.2 GW at the end of FY25, comprising 10.1 GW of solar, 2 GW of wind, and 2.1 GW of hybrid power. Praveer Sinha, MD and CEO, TPCL, stated during an earnings call that the company's balance sheet was sturdy in spite of a sustained capital expenditure. "We spent in the June quarter ₹3,700 crore against our full year plan of ₹25,000 crore and we are on track to implement all those projects." The company is currently executing nearly 5.5 GW of renewable energy capacity. It has 2.8 GW of pumped hydro projects in progress, with 1 GW already under construction and the remaining 1.8 GW scheduled to begin within the next nine addition, work is underway on a 600-megawatt hydro project in Bhutan with plans to scale the total capacity to nearly 5 GW over the next few years. "These projects will give us either similar or better returns than what we will do in any other project," Sinha company's net debt has risen by nearly ₹2,900 crore to ₹47,578 crore in the first quarter of the current financial year due to higher capex and working capital Financial Institutional Securities expects the company's net profit to grow by 13% annually between FY25 and FY28. The broking firm has retained a 'buy' call on the stock with a target price of ₹436. The stock was last traded at ₹384.5 on Tuesday on the BSE.
Time of India
2 days ago
- Business
- Time of India
Tata Power bets on renewable energy to drive future growth
ET Intelligence Group: Tata Power Company (TPCL) is ramping up investments in renewables, which have emerged as a key growth driver for profit and revenue. The segment's share of operating profit rose to 26.3% in FY25 from 19.2% in FY23. In the first quarter of FY26, this segment was the largest contributor to the company's operating profit before depreciation and amortisationm, or Ebitda. Renewables clocked an Ebitda of ₹1,567 crore, while TPCL's total Ebitda was ₹3,930 crore. Other divisions, including transmission and distribution (T&D), delivered an Ebitda of ₹ 1,345 crore, while that from thermal generation, coal, and hydro segment was ₹974 crore. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program The company plans to add 1.7 gigawatts (GW) of renewable energy capacity by the end of the current financial year, which will take its total installed renewables capacity to approximately 6.6 GW. The total clean energy capacity- including renewable, hydro, hybrid and Waste Heat Recovery Systems-was nearly 7 GW as of June. Adani Green Energy , in comparison, had a total renewable energy capacity of 14.2 GW at the end of FY25, comprising 10.1 GW of solar, 2 GW of wind, and 2.1 GW of hybrid power. Praveer Sinha, MD and CEO, TPCL, stated during an earnings call that the company's balance sheet was sturdy in spite of a sustained capital expenditure. "We spent in the June quarter ₹3,700 crore against our full year plan of ₹25,000 crore and we are on track to implement all those projects." The company is currently executing nearly 5.5 GW of renewable energy capacity. It has 2.8 GW of pumped hydro projects in progress, with 1 GW already under construction and the remaining 1.8 GW scheduled to begin within the next nine months. In addition, work is underway on a 600-megawatt hydro project in Bhutan with plans to scale the total capacity to nearly 5 GW over the next few years. "These projects will give us either similar or better returns than what we will do in any other project," Sinha said. The company's net debt has risen by nearly ₹2,900 crore to ₹47,578 crore in the first quarter of the current financial year due to higher capex and working capital requirements. JM Financial Institutional Securities expects the company's net profit to grow by 13% annually between FY25 and FY28. The broking firm has retained a 'buy' call on the stock with a target price of ₹436. The stock was last traded at ₹384.5 on Tuesday on the BSE.
Scoop
7 days ago
- Business
- Scoop
New Hokonui Line To Support Growth And Power Decarbonisation In Southland
A major electricity infrastructure project is set to boost energy security, enable decarbonisation, and support future growth across eastern Southland with The Power Company Limited (TPCL) announcing plans for a new 110kV overhead line known as the Hokonui Line. The project is a partnership between TPCL, Transpower and Fonterra, and will see a 12.5km PowerNet line constructed between a new Transpower substation on Cuttance Road and a new Fonterra substation at Fonterra's Edendale site. TPCL Group Chair Peter Moynihan said the Hokonui Line was a critical investment in Southland's future. 'This project ensures our network has the strength and resilience needed to meet increasing demand, support industry, and enable the transition to a low-emissions economy. It's also a great example of what can be achieved when infrastructure partners work together toward a common goal - and we're proud that PowerNet, as part of the TPCL group, will be delivering the build' The new line will deliver the increased capacity needed to support industrial growth in the region. It will help power Fonterra's new UHT plant, which is currently under construction, along with key site upgrades such as two new electrode boilers. The line also plays an important role in supporting Fonterra's transition away from coal. Construction of the project will begin in November 2025, with the line build scheduled to commence in September 2026. The full project is expected to be completed by August 2027. Transpower Acting Executive General Manager External Affairs Diana Price said investment in electricity infrastructure today will ensure the power system is serving New Zealanders now and into the future. 'This project will increase electricity capacity in Southland for Fonterra and bring wider power security benefits for the region. We're pleased to be working alongside PowerNet, and this investment shows our shared commitment to supporting local people and businesses to thrive by enabling a lower emission future.' Fonterra General Manager Energy and Climate, Linda Mulvihill highlighted the importance of infrastructure investments like the Hokonui Line in enabling industrial decarbonisation and supporting long-term sustainability goals for both the Co-operative and the country. "At Fonterra, we are committed to transitioning to more sustainable energy sources. When evaluating the best energy options for our decarbonisation projects, we consider a range of factors, including security of supply, cost, and overall sustainability outcomes. 'The Hokonui Line is an important step in enabling the Edendale site's transition, providing the reliability and electrical capacity needed to support site upgrades like our new electrode boilers and UHT plant." Designed to minimise disruption, the project team is engaging early with stakeholders and landowners to ensure clear and consistent communication throughout the build.
&w=3840&q=100)
Business Standard
14-05-2025
- Business
- Business Standard
Tata Power Q4 results: Net profit rises 25% to ₹1,306.09 cr, revenue up 8%
Tata Power Company Limited (TPCL) reported net profit of ₹1,306.09 crore in the fourth quarter of financial year 2024-25, this marks a 24.91 per cent increase from its last year's Q4 results. The company's revneue from operations grew by 7.88 per cent to ₹17,095.88 crore, it had reported a revenue of ₹15,846.58 crore during last year's fourth quarter. The Board of Directors recommended a dividend of ₹2.25 per equity share, subject to shareholder approval at the forthcoming Annual General Meeting. TPCL's renewable energy accounted for 89 per cent of capacity additions in India during financial year 2024-25. The company's total installed capacity in India currently stands at 475 Gigawatt (GW), out of total installed capacity 247 GW are thermal power sources. The company added around 13.2 GW power capacity in Q4FY25, while about 33.4 GW were added in financial year 2024-25. The company reported a total income of ₹17,446.95 crore in the fourth quarter of FY25, it grew by 5.97 per cent from last years Q4 total income of ₹16,463.94 crore. Similarly, the company's expenses increased by 3.11 per cent to ₹16,179.77 crore, from last year's expenses of ₹15,691.24 crore during the fourth quarter. In FY25, the company reported a Profit After Tax (PAT) of ₹5,197 crore and an EBITDA of ₹14,468 crore. It achieved its highest-ever revenue of ₹64,502 crore, marking a 5 per cent year-on-year (YoY) growth. Underlying EBITDA also rose by 10 per cent YoY to ₹15,261 crore. The Transmission & Distribution (T&D) business delivered a strong performance, with PAT increasing by 50 per cent to ₹616 crore in Q4 FY25 and registering a full-year PAT growth of 37 per cent over the previous year. The Odisha discoms business recorded exceptional growth, with PAT rising by 207 per cent to ₹275 crore in Q4 FY25 and achieving a full-year PAT of ₹439 crore—an increase of 43 per cent compared to the previous year. The renewables segment also saw robust gains, with PAT increased by 62 per cent to ₹469 crore in Q4 FY25 and by 48 per cent to ₹1,256 crore for the full year. The company maintained its lead in the rooftop solar segment, crossing a significant milestone with ₹100 crore PAT in Q4 FY25 and ₹209 crore in FY25. The company's manufacturing segment emerged as a major growth contributor during the year. TP Solar reported a PAT of ₹422 crore for FY25 and generated revenue of ₹5,337 crore, with an annual production of 3,291 MW of solar modules and 846 MW of solar cells.
