TATAPOWER

March 9 (Reuters) - Tata Power Company Ltd TTPW.NS:

• INVESTS 500 MILLION RUPEES FOR 40% STAKE IN DORJILUNG HYDRO POWER

Source text: ID:nNSE163bfb

Further company coverage: TTPW.NS

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March 6 (Reuters) - Salesforce Inc CRM.N:

• COLLABORATES WITH SALESFORCE

• COLLABORATION FOR NATIONWIDE ROOFTOP SOLAR, EV CHARGING, AND INTELLIGENT ENERGY MANAGEMENT BUSINESSES

Source text: ID:nnAZN4SJYTJ

Further company coverage: CRM.N

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By Nick Carey, Gilles Guillaume and Julia Payne

LONDON/PARIS/BRUSSELS, March 3 (Reuters) - The European Union is treading a fine line with plans to introduce 'Made in EU' rules for the bloc's auto industry, seeking to revive local manufacturing without damaging relations with major trading partners.

The plans, due on Wednesday as part of a drive to boost EU industry more broadly, are complicated by divisions between member states, with France taking a more protectionist line and Germany more worried about potential retaliation.

They also face pushback from automakers that rely on non-EU supplies or, like Ford F.N and Jaguar Land Rover TAMO.NS, have major operations in nearby non-EU countries that are also lobbying Brussels. Britain, Turkey and Morocco are interested in 'Made in Europe' rules - but only if they are not shut out.

The stakes are high.

"If we don't do this, there will be massive relocations," Christophe Perillat, the CEO of French auto supplier Valeo said on Friday. "I've never seen an industry go and come back."

RETALIATION FEARS

Under the latest leaked version of the proposed Industrial Accelerator Act, an electric vehicle would need 70% of the cost of its parts to be manufactured in the bloc, excluding the battery, to qualify for EU subsidies.

The draft also requires minimum EU-based content in the battery pack, although excluding cells acknowledges China's dominance of the global battery cell supply chain.

Europe's auto sector has long been under pressure, a squeeze intensified by the arrival of Chinese rivals rolling out cheaper, tech-heavy EVs.

French small suppliers association Fiev says its members shed half their workforce between 2007 and 2024, and president Jean-Louis Pech warns employment could halve again by the end of the decade without action.

Antoine Doutriaux, CEO of Plastivaloire, which makes plastic interior parts and closed a French plant last year, says not mandating local content "would be very dangerous for European industry". He says Chinese rivals pay 30% less for raw materials and "don't play by the same rules".

But Germany's automakers sell more than a quarter of their vehicles in China, the world's largest auto market, and fear strict local-content rules could trigger a trade war.

"Further measures perceived as protectionist, which may include local content requirements, carry the risk of backlash from other countries," said Karoline Kampermann, head of economic policy, foreign trade, SMEs and taxation at German car lobby group VDA.

China rejects suggestions its automakers benefit from unfair subsidies and has retaliated against other EU measures it considers protectionist, such as EU import tariffs on Chinese-made EVs.

'WALKING ON EGGSHELLS'

Global auto supply chains are so complex, and so integrated, that determining local-content levels in individual models is no easy feat.

French firm A2MAC1, which strips down cars for automakers to assess competitors' products, reviewed two European-made EVs for Reuters – Volkswagen's VOWG_p.DE ID.3 and Renault's RENA.PA Renault 5 – based on cost of parts by country.

It found the ID.3 sourced 86% of its content by value from the EU and just 7% from China, not including raw materials. It easily qualifies as made in the EU.

Renault says up to 80% of suppliers for the Renault 5 are within 300 km (186 miles) of its northern France assembly site. But A2MAC1 found EU-based parts accounted for only 51% of the car's cost, with China supplying 41%. Excluding the battery – the component most dependent on China – lifts EU content to about 76%. On that basis the Renault 5 would meet the threshold.

A further challenge is that, under the Commission's proposal, only parts from EU members plus Iceland, Liechtenstein and Norway - the European Economic Area - would count as local content, though it would consider parts from "trusted partners" and take World Trade Organization agreements into account.

Ford's European supply chain, for example, depends heavily on Britain and Turkey, and European president Jim Baumbick argues that "excluding them would weaken production inside the EU itself".

Turkey is a low-cost manufacturing hub for Toyota 7203.T, Stellantis STLAM.MI, Hyundai 005380.KS and Renault. Cengiz Eroldu, president of Turkish automaker association OSD, says exclusion "poses a great risk to our country's investment environment" and that inclusion "is a strategic necessity".

But including Turkey could open a loophole for Chinese automakers to build plants there, saving on energy and labour while still qualifying for EU subsidies, said Chris Heron, secretary general of lobby group E-Mobility.

"It really is like walking on eggshells," he said.

(Reporting By Nick Carey in London, Gilles Guillaume in Paris and Julia Payne in Brussels. Additional reporting by Christoph Steitz in Frankfurt and Can Sezer in Istanbul. Editing by Mark Potter)

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Feb 24 (Reuters) - Indian salt-to-software Tata conglomerate's executive chairman N Chandrasekaran has sought a deferment of discussion on his reappointment, after disagreements broke out in the board meeting of Tata Sons on Tuesday, the Economic Times reported, citing people familiar with the matter.

Tata Sons did not immediately respond to a Reuters request for comment.

(Reporting by Chandini Monnappa and Kashish Tandon in Bengaluru; Editing by Mrigank Dhaniwala)

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Feb 12 (Reuters) - India's Adani Power ADAN.NS said on Thursday it has formed an atomic energy-focussed unit, becoming one of the first privately-held utilities to disclose publicly their interest in the newly-opened nuclear sector.

Adani Atomic Energy Ltd, will generate, transmit and distribute electric power derived from nuclear energy sources, the company said, without giving other details.

The move comes as India opens its nuclear power sector to greater private participation to meet rising electricity demand and curb carbon emissions, with the government targeting a sharp increase in capacity over the coming decades as part of its clean energy push.

So far, state-run Nuclear Power Corporation of India owns and operates the country's fleet of nuclear power plants that have a total capacity of 8.8 gigawatts.

Tata Power's TTPW.NS CEO said last week on a post-earnings call that the company was evaluating three sites for nuclear projects.

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Nivedita Bhattacharjee)

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** Tata Power TTPW.NS shares drop 2.3% to 364 rupees

** Set for first session of losses in four

** Utility firm posts lower quarterly profit, mainly hurt by weak thermal segment; revenue drops 9%

** TTPW, on avg, rated "buy" by 21 analysts; median TP 409.50 rupees - data compiled by LSEG

** YTD, stock down 4.5%; lost 3.3% in 2025

(Reporting by Hritam Mukherjee in Bengaluru)

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Feb 4 (Reuters) - Tata Power Co Exec TTPW.NS:

• KALTIM PRIMA MINE IN INDONESIA HAS GOT FULL QUOTA FOR MINING

• TATA POWER EXEC: LOOKING TO DIVEST SOME OF THE INTERNATIONAL ASSETS

• IN FINAL STAGES OF SIGNING POWER PURCHASE AGREEMENT WITH GUJARAT FOR MUNDRA PLANT

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Feb 2 (Reuters) - Tata Power Company Ltd TTPW.NS:

• TATA POWER COMPANY LTD - COMMISSIONS 198 MW GROUP CAPTIVE PROJECT IN KARUR, TAMIL NADU

Source text: ID:nNSE3FCnRs

Further company coverage: TTPW.NS

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Jan 30 (Reuters) - Tata Power Company Ltd TTPW.NS:

• TATA POWER COMPANY LTD - COMMISSIONS 765 KV MAINPURI–BARA AND MAINPURI–UNNAO TRANSMISSION LINES SPANNING 574 CKM

Source text: [ID:]

Further company coverage: TTPW.NS

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Jan 23 (Reuters) - Tata Power Company Ltd TTPW.NS:

• WORLD BANK APPROVES FINANCING FOR 1,125 MW DORJILUNG HYDROPOWER PROJECT

• FINANCING INCLUDES $150 MILLION GRANT, $150 MILLION CREDIT FROM INTERNATIONAL DEVELOPMENT ASSOCIATION

Source text: ID:nBSElHtQ2

Further company coverage: TTPW.NS

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Jan 9 (Reuters) - Tata Power Company Ltd TTPW.NS:

• TATA POWER COMPANY LTD - BUYS 100% STAKE IN JHPTL FOR 24.2 MILLION RUPEES

Source text: ID:nNSEt9M1F

Further company coverage: TTPW.NS

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Jan 7 (Reuters) - Tata Power Company Ltd TTPW.NS:

• TATA POWER COMPANY - TP SOLAR PRODUCED 2.9 GW OF SOLAR MODULES, 2.8 GW OF SOLAR CELLS IN 9 MONTHS

Source text: ID:nNSE7tjQGy

Further company coverage: TTPW.NS

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Dec 30 (Reuters) - SJVN Ltd SJVN.NS:

• TATA POWER RENEWABLE ENERGY COMMISSIONS SJVN'S 1 GW SOLAR POWER PROJECT

Source text: ID:nBSE82sR4X

Further company coverage: SJVN.NS

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By Sarita Chaganti Singh

NEW DELHI, Dec 16 (Reuters) - India has proposed a law that ends six decades of state monopoly over nuclear power, allowing private companies and even individuals to build and operate reactors.

The new bill must be approved by the lower and upper houses of parliament to become law.

Here's what you need to know:

WHAT IS THE REGULATION AROUND CIVIL NUCLEAR LAW?

Since 1962, nuclear projects were restricted to firms under the Department of Atomic Energy, mainly Nuclear Power Corporation of India. A 2015 amendment allowed other state-run companies to form joint ventures with NPCIL to develop plants. Since then NPCIL has teamed up with three state-run companies NTPC, IOC and NALCO, but none of those ventures completed their proposed plants.

WHAT ARE THE PROPOSED CHANGES?

The Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India Bill, 2025, ends the government's monopoly by allowing private players to fully own and operate nuclear plants. Sensitive activities such as fuel enrichment, spent-fuel reprocessing and heavy water production will remain under government control.

WHY IS IT A BIG DEAL?

India aims to grow its nuclear capacity to 100 gigawatts in 20 years from 8.2 GW at present, making atomic energy a key part of its clean energy plan. The proposed legislation could attract billions of dollars from private companies such as Tata Power TTPW.NS, Adani Power ADAN.NS and Reliance Industries RELI.NS, which have announced plans to invest in nuclear power. Private firms can also import and process uranium, while foreign companies can partner with Indian firms.

FOREIGN PARTICIPATION?

Global suppliers, including Westinghouse Electric and GE‑Hitachi from the United States, France's EDF EDFBE.UL and Russia's Rosatom have expressed interest in providing technology and equipment for India's nuclear projects. The bill proposes foreign direct investment in joint ventures with Indian firms.

HOW HAS IT EASED LIABILITY LAWS?

The bill drops a clause that let operators sue equipment suppliers over defects - a hurdle for foreign vendors. The change cuts legal risk, makes insurance for vendors viable and is expected to draw global technology and investment.

WHAT ARE THE SAFEGUARDS?

Operators will need government licences and safety authorisation from the Atomic Energy Regulatory Board. Foreign-controlled firms cannot hold licences. Operators must set aside liability funds between $10.99 million to $330 million, depending on reactor size.

WHAT HAPPENS IN CASE OF AN ACCIDENT?

Compensation will come from operators' insurance liability funds, capped at 300 million Special Drawing Rights - an International Monetary Fund reserve unit - in line with global norms.

A nuclear liability fund will cover excess claims and the government will step in if damages exceed these limits.

($1 = 90.9620 Indian rupees)

(Reporting by Sarita Chaganti Singh, Editing by Louise Heavens)

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Dec 11 (Reuters) - Tata Power Company Ltd TTPW.NS:

• TATA POWER COMPANY LTD - GETS LOI FOR PROJECT WITH ANNUAL TRANSMISSION CHARGES SET AT 1.56 BILLION RUPEES

Source text: ID:nNSE4QR0Cb

Further company coverage: TTPW.NS

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** Shares of Tata Power TTPW.NS fall as much as 2.1% to 387.5 rupees, last down 1%

** Co's Q2 consolidated net profit falls to 9.19 billion rupees (about $105 million) from 9.27 billion rupees a year earlier

** JP Morgan ("Neutral", PT: 400 rupees) says profit weighed down by losses incurred at Mundra power plant, but cushioned by healthy profitability of Odisha discoms and rooftop solar businesses

** CLSA ("Hold", PT: 395.60 rupees) says stock has run ahead of its fundamentals on a retail frenzy of power stocks, but co's Odisha discoms, new concession wins and pump storage remain key long-term positives

** Stock rated as "hold" on average by 21 analysts; median PT at 416 rupees - data compiled by LSEG

** YTD, stock down 0.5%

(Reporting by Mridula Kumar in Bengaluru)

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Nov 11 (Reuters) - India's Tata Power TTPW.NS plans to set up 10 gigawatts of solar wafers and ingots manufacturing plant, the company's chief executive Praveer Sinha said on a post-earnings call on Tuesday.

(Reporting by Sethuraman NR)

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NEW DELHI, Oct 10 (Reuters) - India plans to open up its electricity retail market for private companies, ending the dominance of state-run distributors in some states, according to draft regulations proposed by the federal power ministry.

The move will allow private companies such as Adani Power ADAN.NS, Tata Power TTPW.NS, Torrent Power TOPO.NS and CESC CESC.NS to strengthen their presence in the country.

(Reporting by Sethuraman NR and Sarita Singh; Editing by Sonia Cheema)

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Oct 2 (Reuters) - Tata Power Company Ltd TTPW.NS:

• TATA POWER RENEWABLES SIGNS PPA FOR 80 MW PROJECT

• PROJECT TO INTEGRATE SOLAR, WIND, AND BATTERY STORAGE

• PROJECT CAPEX IS ABOUT 12 BLN RUPEES

Source text: ID:nBSEbHzZv0

Further company coverage: TTPW.NS

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Sept 29 (Reuters) - Tata Power Company Ltd TTPW.NS:

• TATA POWER EV CHARGING PARTNERS WITH VE COMMERCIAL VEHICLES

Source text: ID:nNSEfdQMB

Further company coverage: TTPW.NS

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** Suzlon Energy SUZL.NS gains 2.7% to 59 rupees; set to rise for third straight session

** Wind energy solutions provider gets order for 838 MW from Tata Power Renewable Energy

** Says project will comprise 266 of co's wind turbines across states of Karnataka, Maharashtra, Tamil Nadu

** SUZL down ~6.7% YTD

($1 = 88.2880 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

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By Sudarshan Varadhan and Sethuraman N R

SINGAPORE/NEW DELHI, Sept 4 (Reuters) - Coal prices in India will fall after revisions to taxes on the fuel that generates nearly 75% of the country's electricity, industry officials and analysts said, as a higher consumption tax is offset by the removal of a carbon levy.

That could push up domestic consumption at the expense of imports, they said, putting further pressure on already plunging global coal prices.

India's finance minister hiked consumption levies on coal to 18% from 5% on Wednesday. However, buyers no longer have to pay a flat carbon tax of 400 Indian rupees ($4.57) a metric ton, known as a cess.

"We anticipate an increase in demand for locally mined coal as the elimination of the cess makes it cheaper despite the higher consumption tax," said Ashis Kumar Pradhan, senior analyst at consultancy Wood Mackenzie.

Prices of power plant-grade fuel sold by Coal India COAL.NS, which produces three-quarters of Indian output, will now be 8.1%-19.8% cheaper for utilities and 5.6%-16.7% cheaper for other users such as smelters, according to Reuters calculations based on Coal India and Wood Mackenzie data.

The calculations tallied with estimates provided by the Coal Consumers Association of India to Reuters.

India is the world's second largest coal importer behind China, but imports are expected to fall as the price of grades typically shipped in from top supplier Indonesia will be 3.5% higher after the tax change, Pradhan said.

The lower effective taxes on coal are expected to help generators burning the fossil fuel to cut costs by 0.12 rupees per kilowatt hour, said Vikram V, analyst at Moody's ICRA unit.

That compares with ICRA's estimates of a 0.10 rupee per kWh decline in generation costs for solar power developers following a cut in tax rates on panels to 5% from 12%.

Coal India and the federal ministries for finance, power and coal did not respond to requests for comment.

The move will also benefit power producers and help revive plunging sales by state-run Coal India, which has grappled with tepid power demand and a rise in renewable power generation.

Ashok Khurana, vice chairman at India's Association of Power Producers, said the decision would help reduce generating costs.

"However its impact on consumer tariffs would depend on distribution companies," he added.

The move could result in lower tariffs if distribution companies pass on reduced procurement costs to consumers.

If the costs are not passed on, it could help improve the finances of debt-laden, state government-owned distribution companies, Khurana said.

($1 = 87.5060 Indian rupees)

(Additional reporting by Nikunj Ohri in New Delhi; Editing by Jan Harvey)

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** Shares of ACME Solar Holdings ACMO.NS rise 2.9% to 295.6 rupees

** Renewable energy co wins 50 MW solar-plus-storage project from Tata Power TTPW.NS at 4.43 rupees/unit tariff under a 25-year power purchase agreement

** Project to be commissioned within 24 months from signing of agreement

** Stock rated "strong buy" on avg; median PT is 350 rupees - data compiled by LSEG

** Stock up 25.4% YTD

(Reporting by Aleef Jahan in Bengaluru)

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MUMBAI, Aug 28 (Reuters) - India's Tata Power Renewable Energy plans to raise 15 billion rupees ($171.4 million) through the sale of bonds maturing in 15 years, three bankers said on Thursday.

It will pay a coupon of 7.65% and has invited commitment bids for the issue on Friday, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on August 28:

* Size includes base plus greenshoe for some issues

($1 = 87.5060 Indian rupees)

(Reporting by Khushi Malhotra; Editing by Sumana Nandy)

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