Latest news with #TataPowerRenewableEnergy
Business Standard
06-05-2025
- Business
- Business Standard
Tata Power Renewable Energy standalone net profit declines 71.73% in the March 2025 quarter
Sales decline 15.31% to Rs 3675.29 crore Net profit of Tata Power Renewable Energy declined 71.73% to Rs 76.82 crore in the quarter ended March 2025 as against Rs 271.74 crore during the previous quarter ended March 2024. Sales declined 15.31% to Rs 3675.29 crore in the quarter ended March 2025 as against Rs 4339.88 crore during the previous quarter ended March 2024. For the full year,net profit declined 51.79% to Rs 464.96 crore in the year ended March 2025 as against Rs 964.51 crore during the previous year ended March 2024. Sales declined 17.70% to Rs 11273.77 crore in the year ended March 2025 as against Rs 13698.10 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 3675.294339.88 -15 11273.7713698.10 -18 OPM % 20.4819.64 - 25.4621.51 - PBDT 653.66692.21 -6 2384.702229.80 7 PBT 444.02480.81 -8 1538.141356.52 13 NP 76.82271.74 -72 464.96964.51 -52
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Business Standard
21-04-2025
- Automotive
- Business Standard
TaMo, Tata Power Renewable Energy partner to develop wind-solar project
Set to generate around 300 million units of clean electricity annually, the project is expected to offset over 2 lakh tons of CO2 emissions each year, the Mumbai-based auto major said in a statement Press Trust of India New Delhi Tata Motors on Monday said it has inked a power purchase agreement with Tata Power Renewable Energy to co-develop a 131 MW wind-solar hybrid renewable energy project. Set to generate around 300 million units of clean electricity annually, the project is expected to offset over 2 lakh tons of CO2 emissions each year, the Mumbai-based auto major said in a statement. The integrated wind-solar hybrid solution will provide a reliable supply of green, cost-effective energy exclusively to Tata Motors' six manufacturing facilities in Maharashtra and Gujarat, supporting the production of both commercial and passenger vehicles, it added. "This project reinforces our commitment to integrate renewable energy into our operations," Tata Motors Vice President -- Operations, Commercial Vehicles Vishal Badshah said. ''With this PPA, the company's plants in Maharashtra and Gujarat will take a significant leap towards green manufacturing, complementing India's green transition,'' Tata Motors Passenger Vehicles Vice President, Operations, Pramod Choudhary, said.
Time of India
21-04-2025
- Automotive
- Time of India
Tata Motors, Tata Power Renewable Energy partner to develop wind-solar project
Tata Motors on Monday said it has inked a power purchase agreement with Tata Power Renewable Energy to co-develop a 131 MW wind-solar hybrid renewable energy project. Set to generate around 300 million units of clean electricity annually, the project is expected to offset over 2 lakh tons of CO₂ emissions each year, the Mumbai-based auto major said in a statement. The integrated wind-solar hybrid solution will provide a reliable supply of green, cost-effective energy exclusively to Tata Motors' six manufacturing facilities in Maharashtra and Gujarat, supporting the production of both commercial and passenger vehicles, it added. "This project reinforces our commitment to integrate renewable energy into our operations," Tata Motors Vice President -- Operations, Commercial Vehicles Vishal Badshah said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Highly Prestigious OMEA Award for Indian Manufacturers ansoim Learn More Undo With this PPA, the company's plants in Maharashtra and Gujarat will take a significant leap towards green manufacturing , complementing India's green transition , Tata Motors Passenger Vehicles Vice President, Operations, Pramod Choudhary, said.
Yahoo
28-02-2025
- Business
- Yahoo
TP Solar wins $72m solar modules contract in India
Tata Power Renewable Energy's subsidiary TP Solar has secured a contract to supply 292.5 megawatts peak (MWp) DCR [domestic content requirement] solar modules to the Solar Energy Corporation of India (SECI). The Rs6.3bn ($72.4m) contract is part of SECI's 400MWp tender and supports India's renewable energy transition. Awarded under the CPSU Scheme Tranche-III, the project will see TP Solar deliver high-quality DCR modules to Ramagiri, in the Indian state of Andhra Pradesh. The successful bid highlights TP Solar's manufacturing capabilities and aligns with India's Aatmanirbhar Bharat [self-reliant India] vision by promoting locally manufactured solar modules. The preferred delivery timeline for the project spans four months from October 2025 to January 2026. The initiative contributes to India's clean energy transition and supports large-scale solar installations across the country. SECI power system director Sivakumar V Vepakomma stated: 'The CPSU scheme is a crucial initiative to enhance domestic solar manufacturing and strengthen India's energy security. By awarding this contract to TP Solar, we are taking a significant step towards fostering self-reliance in the solar sector and ensuring that large-scale renewable projects are powered by high-quality, locally manufactured modules. 'Tata Power Renewables' expertise and commitment to excellence align well with our vision of accelerating India's clean energy transition while promoting indigenous manufacturing. This project will contribute to the country's renewable energy targets, create economic opportunities and support the long-term sustainability of the solar industry'. The Tata Power Company owns a diversified portfolio of 15.6GW spanning the entire power value chain, from renewable and conventional energy generation to transmission, distribution, trading, storage solutions and solar cell and module manufacturing. In related developments, Tata Power Renewable Energy has recently announced a partnership with the Oil and Natural Gas Corporation to explore opportunities within the battery energy storage system value chain. The non-binding memorandum of understanding (MoU) aims to enhance India's energy security through renewable energy integration and advanced storage solutions. "TP Solar wins $72m solar modules contract in India" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
