Latest news with #TataPowerCompany
Business Standard
18-07-2025
- Business
- Business Standard
Tata Power's subsidiary inks battery energy storage purchase agreement from NHPC
Tata Power Company said that Tata Power Renewable Energy (TPREL) has signed its first battery energy storage purchase agreement (BESPA) with NHPC. Tata Power Renewable Energy is a subsidiary of The Tata Power Company. The project, secured under NHPCs BESS Tranche-I tender through a competitive bidding route for Kerala State Electricity Board Limited being the end user of the battery energy storage system (BESS) asset, involves setting up a 30 MW / 120 MWh battery storage system at the 220 kV substation in Area code, Kerala. The project will play a vital role in addressing peak power demand, enhancing grid flexibility, and enabling seamless integration of renewable energy in Kerala. It is part of NHPCs broader initiative to develop 125 MW / 500 MWh of standalone battery storage capacity in the state of Kerala, under a tariff-based competitive bidding framework supported by viability gap funding. In addition to this upcoming project, TPREL is already operating a solar and BESS project in Rajnandgaon, Chhattisgarh. This project comprises a 100 MW solar photovoltaic plant integrated with a 120 MWh utility-scale BESS, developed under an EPC contract awarded by the Solar Energy Corporation of India. With the addition of the NHPC project, TPREL's total renewable capacity now stands at approximately 10.9 GW, including 5.6 GW of operational projects, comprising 4.6 GW of solar and 1 GW of wind, and 5.3 GW under various stages of development. Tata Power Company is a leading integrated power company. The 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. The scrip fell 1.11% to currently trade at Rs 408.65 on the BSE.
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Business Standard
17-07-2025
- Business
- Business Standard
Stocks to buy today, July 17: Tata Power, ITC among analyst top picks
Market View Markets traded in a narrow range and ended almost unchanged due to the absence of any fresh triggers. After an initial downtick, the Nifty index slipped further but later recovered, supported by select heavyweight stocks across sectors, which helped pare all the losses. As a result, the Nifty once again tested the resistance around the 25,250 level and eventually settled at 25,212. Meanwhile, sectoral performance remained mixed, keeping volatility elevated. IT, realty, and auto emerged as the top gainers, while metal and pharma ended in the red. The broader indices also paused after a two-day rally and closed flat. Mixed global cues and a lackluster start to the earnings season are keeping participants uncertain about the next directional move. We believe a decisive close above the 20-day EMA, around 25,250, could open the door for further recovery. Otherwise, profit-taking may resume, with key support in the 24,900–25,000 zone. Traders should maintain a cautious stance and focus on stock selection based on relative strength and earnings outcomes. Stocks Recommendations Tata Power Company | LTP: ₹414.70 | Buy | Target: ₹442 | Stop-loss: ₹400 Selective stocks from the power sector are witnessing noticeable buying interest after a phase of consolidation, and Tata Power stands out as a top performer. The stock has been rising steadily since ending its corrective phase in April and recently broke out from a buying pivot while maintaining support above the short-term moving average (20 DEMA), indicating momentum aligned with the ongoing trend. Traders can consider initiating long positions at the mentioned levels. LIC Housing Finance | LTP: ₹637.05 | Buy | Target: ₹680 | Stop-loss: ₹615 LIC Housing Finance has broken out of a three-month base formation, holding firmly above the moving average ribbon comprising the 20, 100, and 200 DEMA. The breakout, accompanied by a surge in volumes, further reinforces the positive bias. Additionally, the recent outperformance of the BFSI sector supports the potential for a sustained uptrend following a period of relative underperformance. Following a prolonged phase of underperformance, the FMCG sector is now regaining traction. Among the key names, ITC is showing a gradual recovery after retesting the support zone of its long-term moving average (200 DEMA). Its recent relative outperformance also makes it a strong candidate to play the sector's rebound. Traders may look for fresh buying opportunities at the suggested levels.
Economic Times
10-06-2025
- Business
- Economic Times
Tata Power shares rise over 2% amid strong volumes, extend unbeaten lead to 6% in five sessions
The rally in Tata Power stocks came amid robust volumes and positive sentiment following operational milestones, including a 4 GW production mark by its solar unit and record rooftop solar installations. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Tata Power Company have gained over 6% in the past five trading sessions, maintaining an unbeaten streak. On Tuesday, the stock rose 2.4% to hit an intraday high of Rs 416 on the NSE, even as the benchmark Nifty traded in a narrow company on Monday had informed that its solar manufacturing arm TP Solar Limited crossed 4 GW of solar module production at its Tamil Nadu stock saw a considerable spike in its trading volumes on the BSE and NSE. On BSE, the spurt in volume was 3.88 times. Tata Power Company had reported a 25% growth in its consolidated net profit at Rs 1,306 crore in Q4FY25 versus Rs 1,046 crore reported in the year-ago period. The revenue from operations in the March-ended quarter stood at Rs 17,096 crore, which was up 8% versus Rs 15,847 crore in the corresponding quarter of the last financial the full financial year, the net profit stood at Rs 4,775 crore, up 12% from Rs 4,280 crore in FY24, while the revenue stood at Rs 64,502 crore versus Rs 61,542 crore in the year-ago period. This translates into a 5% YoY Earnings Before Interest, Taxes, Depreciation and Amortisation for FY25 stood at Rs 14,468 crore, up from Rs 12,701 crore in the year-ago period. The EBITDA for Q4FY25 was up 14% to Rs 3,829 crore versus Rs 3,358 crore in the year-ago Power said that the company has crossed the milestone of Rs 5,000 crore PAT before exceptional items in company also marked a major milestone of 1.5 lakh+ rooftop solar installations.
Time of India
10-06-2025
- Business
- Time of India
Tata Power shares rise over 2% amid strong volumes, extend unbeaten lead to 6% in five sessions
Shares of Tata Power Company have gained over 6% in the past five trading sessions, maintaining an unbeaten streak. On Tuesday, the stock rose 2.4% to hit an intraday high of Rs 416 on the NSE, even as the benchmark Nifty traded in a narrow range. The company on Monday had informed that its solar manufacturing arm TP Solar Limited crossed 4 GW of solar module production at its Tamil Nadu Facility. The stock saw a considerable spike in its trading volumes on the BSE and NSE. On BSE, the spurt in volume was 3.88 times. Tata Power Company had reported a 25% growth in its consolidated net profit at Rs 1,306 crore in Q4FY25 versus Rs 1,046 crore reported in the year-ago period. The revenue from operations in the March-ended quarter stood at Rs 17,096 crore, which was up 8% versus Rs 15,847 crore in the corresponding quarter of the last financial year. For the full financial year, the net profit stood at Rs 4,775 crore, up 12% from Rs 4,280 crore in FY24, while the revenue stood at Rs 64,502 crore versus Rs 61,542 crore in the year-ago period. This translates into a 5% YoY jump. The Earnings Before Interest, Taxes, Depreciation and Amortisation for FY25 stood at Rs 14,468 crore, up from Rs 12,701 crore in the year-ago period. The EBITDA for Q4FY25 was up 14% to Rs 3,829 crore versus Rs 3,358 crore in the year-ago period. Tata Power said that the company has crossed the milestone of Rs 5,000 crore PAT before exceptional items in FY25. The company also marked a major milestone of 1.5 lakh+ rooftop solar installations. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Business Standard
10-06-2025
- Business
- Business Standard
Tata Power's TP solar hits 4 GW module output at Tirunelveli plant
Tata Power Company announced that its solar manufacturing arm, TP Solar, has crossed 4 GW of cumulative solar module output at its facility in Tirunelveli, Tamil Nadu. As of May 31, 2025, the site has produced 4,049 MW of modules and 1,441 MW of solar cells, the company said in a statement. The Tirunelveli facility, touted as Indias largest single-location solar cell and module manufacturing plant, has a nameplate capacity of 4.3 GW each for cells and modules. The site also includes provision for future expansion to support the companys long-term growth plans. TP Solar plans to ramp up production to 3.7 GW of solar cells and 3.725 GW of modules in FY26, reinforcing its commitment to strengthening Indias clean energy ambitions. Set up with an investment of Rs 4,300 crore, the Tirunelveli facility plays a pivotal role in Tata Powers localisation strategy for the solar value chain. It manufactures ALMM-certified and DCR-compliant modules using domestically produced cells, and features advanced technologies such as TOPCon and Mono PERC. In addition, Tata Power Renewable Energy Ltd (TPREL) operates a 682 MW module and 530 MW cell plant in Bengaluru, which is currently running at full capacity to meet DCR (Domestic Content Requirement) obligations. Tata Power, part of the diversified Tata Group, has an integrated power portfolio of 15.7 GW, spanning renewables, conventional generation, transmission, distribution, trading, storage solutions, and solar manufacturing. Tata Power Companys 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. Shares of Tata Power Company rose 0.23% to Rs 407.55 on the BSE.
