Tata Power

  • Largest rooftop solar plant in South India commissioned Yesterday

    Chennai: EPC player Tata Power Solar, a JV between Tata Power and British Petroleum (BP) Solar has commissioned a 2 MW solar power plant in Tamil Nadu, considered the largest rooftop facility in South India. "Tata Power Solar has successfully commissioned a 2MW rooftop solar plant...
  • Tata Power Solar partners Bajaj Finance for selling products July 17, 2014

    New Delhi: Tata Power Solar has partnered with Bajaj Finance to provide interest-free loan options for solar products of about Rs 2.5 lakh to consumers. "This national financing tie-up will help make solar much more attractive and an affordable alternative to conventional power sources," Tata Power Solar said in a statement. The...
  • DERC approves hike in Delhi's electricity tariff July 17, 2014

    New Delhi: Electricity tariff has been increased in the Delhi by the regulatory body. Announcing the hike, Delhi Electricity Regulatory Commission said that the increase will be 8.32 per cent for all three discoms (BSES Rajdhani Power Limited, BSES Yamuna Power Limited and Tata Power Delhi Distribution Limited). In the New...
  • Sensex surges 319 points to new closing peak; SBI zooms 10 pc May 23, 2014

    Mumbai: The benchmark Sensex surged 319 points, clocking its biggest rise in over a week, to end at a new closing peak of 24,693.35 on Friday boosted by a spike in SBI after its earnings and heavy buying in power shares on hopes of a big push under the incoming...
  • Sensex, Nifty inch up to new peaks for 4th day; RIL falls May 20, 2014

    Mumbai: The benchmark Sensex on Monday gave up early gains and inched up about 14 points to end at fresh closing high for the fourth day in a row, amid signs of profit booking in recent gainers like RIL, ONGC and Coal India. In volatile trade, the 30-share index opened strong...
  • Blackout at Mumbai Airport, passengers call it a security lapse March 13, 2014

    Mumbai: Mumbai's domestic airport faced a 15-minute black out on Wednesday after the Tata Power lines reportedly snapped around 2 pm during the day. An alternate power supply was arranged by Reliance along with a power back up but the power went off around 8 pm on Wednesday evening for...
  • Coal Ministry deallocates six more coal blocks February 18, 2014

    New Delhi: The government on Tuesday deallocated six coal blocks given to companies like Hindalco and Tata Power for captive use, following delay in production. The Coal Ministry has also decided to deallocate another six coal blocks allocated to companies like JSPL, Sterlite Energy and Lanco, but the decision has...
  • Delhi government seeks time till Feb 15 to pay Tata Power's dues February 6, 2014

    New Delhi: While Delhiites face 8 to 10 hour power cuts, the Aam Aadmi Party government seems busy giving more handouts. It has announced a waiver of Rs 13 crore for consumers who defaulted in paying power bills during Kejriwal's agitation. But the Delhi government says it has no money to...
  • CAG officials visit three private power distribution firms January 20, 2014

    Officials from the Comptroller and Auditor General (CAG) on Monday visited the three private power distribution companies in the city, nearly three weeks after the Delhi government ordered scrutiny of their finances by the auditor. The government on January 1 announced its decision to recommend CAG audit of the finances of...
  • Tata Power welcomes power tariff cut but says audit issue sub-judice January 1, 2014

    New Delhi: Just hours after Delhi Chief Minister Arvind Kejriwal announced that power tariffs will be slashed by 50 per cent, Tata Power has welcomed the move terming it a very strong and positive step. "It's a very good and positive step because at the end of the day the...
  • Sensex slumps nearly 450 points as rupee hits record low August 6, 2013

    Mumbai: The BSE Sensex, Nifty fall around 2.5 per cent on Tuesday as lenders such as Yes Bank (YESB.NS) fell on fears that the RBI would announce new cash-draining measures to defend the rupee after it dropped to a record low. Yes Bank fell 8.2 per cent, while HDFC Bank lost...
  • Sensex nearly flat as free-falling rupee dashes rate cut hopes June 10, 2013

    Mumbai: Surrendering most of its early gains, the BSE benchmark Sensex on Monday closed just 12 points higher as rupee hitting record lows dashed hopes of a rate cut by RBI, while IT stocks rose on expectations of better dollar revenues. In a volatile trade, the 30-share index, commenced the day...
  • Our tariffs lower than neighbouring states: Tata Power Delhi CEO February 1, 2013

    Reacting to Arvind Kejriwal's allegations that private power companies were fudging records to ask the DERC to increase power tariffs, Tata Power Delhi CEO Praveer Sinha said that there was a need to look at the situation in proper perspective. He said that his company's tariffs in the national capital...
  • Vested interests spreading falsehood: Tata Power January 13, 2013

    New Delhi: Country's biggest private sector electricity producer Tata Power has accused entities with vested interests, along with some foreign NGOs, of spreading "falsehood" about environmental issues at its flagship 4,000 MW Mundra project in Gujarat. "...there are some foreign agencies, some such type of NGOs, who in connivance with...
  • JSW Steel, Tata Power down on coal de-allocation September 18, 2012

    Shares of JSW Steel, Hindalco and Tata Power on Tuesday tanked on the BSE following the government move to deallocate one more coal mine, and deduct bank guarantees in the case of two companies. The government on Monday decided to deallocate the Gourangdih ABC coal block, given jointly to JSW Steel...
  • Coal allocation: Pvt firms to gain Rs 1.86 lakh cr August 17, 2012

    New Delhi: Government auditor CAG on Friday said private firms are likely to gain Rs 1.86 lakh crore from coal blocks that were allocated to them on nomination basis instead of competitive bidding, which amounted to the loss to national exchequer. The CAG in its report, tabled in Parliament, names 25...
  • Tata Power to modernise IAF airfield infra April 11, 2011

    New Delhi: In a move towards allowing large scale private sector participation in the Defence sector, leading power utility Tata Power Company has been awarded the contract to modernise the Airfield Infrastructure of the Indian Air Force (IAF) for an undisclosed amount. In a statement on Monday,...
  • Fire brigade to slap notice on Tata Group February 21, 2011

    Mumbai: The fire department will soon slap a notice on Tata Group for allegedly flouting safety norms at Bombay House, the headquarters of the Group, where three persons were killed in a blaze early this month. "We will soon issue them (Tata Group) a notice for violation of fire safety norms...
  • Mumbai says Tata to blackouts April 5, 2007

    New Delhi: There is relief for the residents of Mumbai as blackouts in the city has been averted for another five days. The Maharashtra government has extended the deadline for private power companies for buying extra power. "We have given Tata Power another five days to make arrangements to procure power...