Reliance Infrastructure said it disagreed with the decision by India Ratings, a unit of Fitch, to downgrade its debt over delays in equity infusion and monetization of assets.
Indian Energy Exchange Rs 1,001 crore IPO (initial public offer) is all set to open for subscription on 9 October. The company has set a price range of Rs 1,645-1,650 per equity share of face value Rs 10.
India’s powercompanies have a problem largely responsible for $10 billion a year in losses. Slum dwellers steal electricity and refuse to pay their bills.
Tata Power Delhi Distribution on Monday said it will roll out 2.5 Lakh smart meters in the first phase of the project in its licensed area of 510 sq km in North and North-West Delhi.
Tata Power said it generated more four times as much power from renewable sources like solar and wind in the financial year ended March, compared to the year before.
Tata Power Renewable Energy Limited (TPREL) Generation Capacity Increased By Close To 338 Per Cent In FY17 As Compared To FY16
TPREL through its renewables portfolio generated 1440 MUs in FY17
Tata Power is planning to raise up to ₹7,000 crore via non-convertible debentures (NCD)/bonds on a private placement basis for one year.
To bring down its around Rs 49,000 crore gross debt, private utility Tata Power is planning to sell its non-core assets even as it continues to explore viable options to resolve issues pertaining to the financially crippled 4,000-mw Coastal Gujarat Power at Mundra.
Tata Power’s Renewable Portfolio Records 329% Increase In Consolidated PAT In Q1 FY18 vis-a-vis Q1 FY17
Tata Power, India’s largest integrated power company, today announced that the Company’s renewable portfolio in India has registered a healthy consolidated PAT of Rs 142.18 crore in Q1 of FY18, a 329% increase from Q1FY17.
Private utility Tata Power today said it has synchronised its 186 MW Shuakhevi hydro project in Georgia.