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7 stories mentioning NSE:TATAPOWERUpdated 9d ago

Every FINWIRES story that references NSE:TATAPOWER, newest first.

Asia

Market Chatter: Tata Power Targets First Private Nuclear Plant by 2032

Tata Power (BOM:500400, NSE:TATAPOWER) expects to commission its first nuclear power plant by 2032 or 2033, Chief Executive Officer Praveer Sinha told Bloomberg Television on Tuesday.The company aims to begin construction in early 2028, subject to the government finalizing the regulatory framework governing private participation in nuclear power, according to the report.Sinha reportedly expects the approval process to take about 12 to 14 months.Tata Power has identified potential project sites in Madhya Pradesh, Odisha and Gujarat, with geotechnical studies already underway, Bloomberg said.Tata Power did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

BOM:500400NSE:TATAPOWER
Asia

Market Chatter: Tata Power Sees Opportunity for First Solar Equipment Exports to Europe

Tata Power (NSE:TATAPOWER, BOM:500400) is exploring maiden exports of solar cells and panels to Europe as European Union seek alternative sources of solar equipment, Reuters reported Monday, citing Chief Executive Officer Praveer Sinha.During the company's post-earnings conference call, Sinha said Tata Power sees a 2 GW to 3 GW export opportunity in a European market but did not identify the country, according to the report.Tata Power currently has an integrated manufacturing capacity of 4.9 GW for solar cells and modules and plans to expand its solar ingot and wafer manufacturing capacity to 10 GW, Reuters noted.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

BOM:500400NSE:TATAPOWER
Asia

Tata Power Wins Order for 324 MW Pumped Storage Project

Tata Power (NSE:TATAPOWER, BOM:500400) has received a letter of award from Solar Energy Corp. of India to provide energy storage services from a 324 MW/2,592 MWh pumped storage project.The project will provide storage services for 40 years from the scheduled commencement of supply date, according to an Indian bourse filing on Saturday.Tata Power is required to commence supply within 36 months of the effective date of the pumped storage purchase agreement.The contract provides for an annual fixed charge of about 3.51 billion rupees for the 324 MW capacity. SECI will execute the purchase agreement with Tata Power after signing the corresponding sale agreement with buying entities.Shares of Tata Power rose over 1% in early trade on Monday.

BOM:500400NSE:TATAPOWER
Asia

Tata Power Allots INR15 Billion of Five-Year Bonds

Tata Power (BOM:500400, NSE:TATAPOWER) allotted 15 billion rupees of five-year non-convertible debentures through a private placement, according to a Tuesday exchange filing.The unsecured, senior, redeemable notes carry a coupon rate of 7.50%, the filing said.The company allotted 150,000 debentures with a face value of 100,000 rupees each. The notes are proposed for listing on BSE's Wholesale Debt Market segment.

BOM:500400NSE:TATAPOWER
Asia

Market Chatter: Tata Power Eyes $450 Million Overseas Loan

Tata Power (NSE:TATAPOWER, BOM:500400) is eyeing a five-year loan worth at least $450 million overseas, Bloomberg reported Tuesday citing people familiar with the matter.The power company is currently in early-stage negotiations with banks for the loan, which will be used for its business operations, according to the report.The company will secure the loan with shares it holds in Indonesian and Singaporean units, the people said.Tata Power is reportedly "evaluating all financing options including ECB loans in order to optimize cost of debt and based on the end use," Bloomberg said citing Chief FinancialOfficer Sanjeev Churiwala.The company isn't currently considering ECB loans to raise $450 million, Churiwala clarified.Tata Power did not immediately respond to' request for a comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

BOM:500400NSE:TATAPOWER
Asia

Tata Power Renewable Commissions 100.8 MW Wind Project in Maharashtra

Tata Power's (NSE:TATAPOWER, BOM:500400) Tata Power Renewable Energy commissioned a 100.8-megawatt wind power project in Jewali, Maharashtra, according to an Indian bourse filing on Friday.The project comprises 28 wind turbine generators and is expected to generate 299 million units of electricity annually. Power from the facility will be supplied to Tata Power's Mumbai distribution business to help meet its renewable purchase obligations.With this addition, Tata Power's wind portfolio has crossed over 3.9 GW, while total renewable utility capacity has reached 11.6 GW.

BOM:500400NSE:TATAPOWER
Asia

Tata Power Incorporates Wholly Owned Unit

Tata Power (NSE:TATAPOWER, BOM:500400) has incorporated a wholly owned subsidiary, TP Urja, according to a filing.Shares of the company rose over 1% in late Friday's trade.The new entity will provide power and energy-related services as well as other forms of energy, the filing said.TP Urja has been set up with an initial capital of 500,000 rupees, it added.

BOM:500400NSE:TATAPOWER

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