TP Solar, a wholly owned subsidiary of Tata Power Renewable Energy (TPREL) and a subsidiary of The Tata Power Company (Tata Power), has secured a contract worth ₹632 crore from the Solar Energy Corporation of India (SECI) for the supply of 292.5 MWp DCR (Domestic Content Requirement) Solar Modules in Ramagiri, Andhra Pradesh. Powered by Capital Market - Live News

Tata Power has signed a pivotal Memorandum of Understanding (MoU) at Advantage Assam 2.0 to further its commitment to renewable energy and sustainable development in the state. The Company has inked a MoU with the Assam Government to tie up and support upto 5000 MW of renewable and clean energy projects comprising Solar, Wind, Hydro and Energy Storage in the state with Rs 30,000 crore investment over the next 5 years.As part of this collaboration, the Assam Government will facilitate the identification and allocation of approximately 20000 acres of encumbrance-free government land on a lease basis and assist in acquiring private land suitable for solar, wind, hydro, and energy storage projects. Additionally, the state will support infrastructure development to ensure seamless transmission connectivity and promote the establishment of Renewable Energy Parks through state agencies. The initiative will also include the identification of land for Group Captive sites, enabling industries and tea gardens to access clean energy under Assam`s land allotment and Industrial policies. To accelerate project execution, the Government has committed to single-window clearances for statutory approvals, financial incentives, and collaboration with research institutions for innovation in the renewable sector. Skill development programs will also be introduced to build a trained workforce for project implementation and operation.Assam has made remarkable progress in the renewable and clean energy sector, harnessing its rich natural resources to unlock a renewable energy potential of 14,487 MW, with solar power leading the way. The state has set ambitious goals, aiming to achieve 500 MW of solar capacity by 2027. This collaboration aligns seamlessly with Tata Power`s vision of accelerating Assam`s clean energy transition and supporting the state in achieving its renewable energy targets. Tata Power `s subsidiary Tata Power Renewable Energy Limited has signed one more MoU with Assam Power Distribution Company Limited (APDCL) to drive renewable energy adoption and enhance energy efficiency across the state. This agreement focuses on scaling up rooftop solar projects under the Pradhan Mantri Surya Ghar Muft Bijli Yojana (PMSGY) while also contributing 3000 direct job opportunities, reinforcing Assam`s clean energy transition and economic growth. Powered by Capital Market - Live News

Moody`s Ratings (Moody`s) has affirmed Tata Power Company (TPC)`s corporate family rating (CFR) of Ba1 and changed the outlook to positive from stable.The positive outlook is underpinned by TPC`s strong financial performance and our expectation that the company is likely to maintain its stronger credit metrics with improved operating efficiencies in its regulated businesses and growing renewable generation portfolio, says Zi Zhu, a Moody`s Ratings Analyst.Powered by Capital Market - Live News

Tata Power has embarked on a data-driven transformation with Amazon Web Services (AWS) to accelerate the country`s transition to a greener, smarter, and more consumer-centric energy ecosystem.Tata Power is strengthening operational efficiencies, enhancing grid resilience, and empowering its large consumer base, spread across multiple states, to be active participants in India`s clean energy future and transition to a low-carbon economy.India stands at the forefront of a global energy transformation, with the International Energy Agency (IEA) projecting the country to lead global energy demand growth over the next two decades. Tata Power is championing this transition through a strategic collaboration with Amazon Web Services (AWS) to modernize its digital infrastructure and drive intelligent energy management. The evolution of energy systems demands real-time analytics, automation, and decentralized power generation to optimize supply and demand. Digitalization enables grid stability, predictive maintenance, and seamless energy transactions, ensuring sustainability and operational efficiency. Tata Power`s partnership with AWS exemplifies this digital-first approach, harnessing cloud computing, artificial intelligence (AI), and IoT to build a smarter, more efficient power ecosystem.Tata Power has already laid a robust digital foundation by migrating 23 mission-critical applications to AWS using Amazon Elastic Kubernetes Service (EKS). This shift enhances scalability, security, and real-time operational efficiency across key areas such as power generation, renewables, grid management, sales, and finance. Additionally, the company has adopted a server-less architecture with AWS Step Functions, optimizing energy transactions and grid operations in response to fluctuating demand patterns. At the core of this transformation are two specialized data lakes dedicated to power generation and renewables, which ingest real-time data from solar farms, wind assets, smart meters, and Industrial IoT devices. Using AWS Glue, Tata Power integrates these vast datasets into Amazon Simple Storage Service (S3), unlocking AI-powered analytics for predictive maintenance, grid optimization, and demand forecasting.Powered by Capital Market - Live News

Net profit of Tata Power Company rose 8.15% to Rs 1030.70 crore in the quarter ended December 2024 as against Rs 953.01 crore during the previous quarter ended December 2023. Sales rose 5.05% to Rs 15391.06 crore in the quarter ended December 2024 as against Rs 14651.00 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales15391.0614651.00 5 OPM %20.0116.50 - PBDT2497.682415.03 3 PBT1456.691488.76 -2 NP1030.70953.01 8 Powered by Capital Market - Live News