TATAPOWER

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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Adds details, background

NEW DELHI, Oct 10 (Reuters) - India plans to open up its retail electricity market for private companies nationwide, ending the dominance of state-run distributors in most states, a draft bill by the federal power ministry showed on Friday.

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

A similar attempt in 2022 faced opposition from state distribution companies.

Only a handful of India’s electricity distribution zones — including the national capital region, Odisha, and industrial states like Maharashtra and Gujarat — are currently privatised as the rules do not specifically provide for it.

A vast majority remain under state control and are burdened with deep financial losses.

New Delhi has been pushing state-run power utilities to reduce losses, clean up their balance sheets and upgrade age-old infrastructure.

Earlier this year, the country's most populous state Uttar Pradesh invited bids to privatise two of its four power distribution companies.

As of June 2025, state power utilities owed power generators about $6.78 billion, creating a severe liquidity crunch for independent power producers, and in turn, stifling credit flows to the sector, Institute for Energy Economics and Financial Analysis said in September.

The power ministry's draft proposal also seeks to open the retail electricity market to multiple private players in the same area, which the existing Electricity Act does not provide for.

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

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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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Updates recovery amount in headline and first paragraph

Aug 8 (Reuters) - India’s Reliance Infrastructure RLIN.NS said on Friday its New Delhi power distribution units will recover 284.83 billion rupees ($3.25 billion) in unpaid dues after the Supreme Court upheld their claims in a ruling earlier this week.

The dues stem from historical tariff shortfalls, where electricity prices approved by regulators did not fully cover the cost of supply.

Under a court-approved mechanism, the amount will be recovered from consumers over four years starting April 2024, likely through higher electricity tariffs.

On Wednesday, the Supreme Court ordered electricity regulators across India to clear deferred costs and unpaid dues owed to power distribution companies.

The court also instructed state regulators to conduct audits and submit recovery roadmaps.

Reliance Infra is part of the Anil Ambani-run Reliance Group. He is the younger brother of billionaire Mukesh Ambani.

In New Delhi alone, three distribution companies — including a unit of Tata Power TTPW.NS — had accumulated 272 billion rupees in unpaid dues as of the fiscal year ended 2021 and had to be paid within four year starting April 2024, according to the court document.

The Delhi Electricity Regulatory Commission will oversee the recovery process, which is expected to result in increased electricity bills for consumers in the national capital.

($1 = 87.6300 Indian rupees)

(Reporting by Sethuraman NR in New Delhi; Editing by Sonia Cheema)

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Aug 6 (Reuters) - India's state-owned Bharat Heavy Electricals Ltd (BHEL) BHEL.NS reported a wider first-quarter loss on Wednesday, hurt by lower demand for its power and industrial equipment products and rising costs.

The manufacturer's net loss more than doubled to 4.55 billion rupees ($52 million) in the quarter ended June 30, from 2.13 billion rupees a year earlier.

India's power demand fell 1.8% year-on-year to 481 billion units in the April-June period as early monsoons hampered construction activity and reduced air conditioning requirements.

That led to a slowdown in project orders for power equipment. BHEL's revenue from that segment, its biggest, fell 5.6% to 38.99 billion rupees.

The company, which accounts for 55% of India's total installed power generation capacity, said its revenue from operations was nearly flat at 54.87 billion rupees in the quarter.

BHEL's expenses, however, rose nearly 7% to 62.80 billion rupees, driven by a jump of 10.8% in the cost of raw materials and services.

BHEL's rival, Tata Power TTPW.NS missed quarterly profit estimates, weighed down by weak electricity demand.

Shares of the company closed 3.4% lower, ahead of results.

($1 = 87.6400 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru; Editing by Savio D'Souza)

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Aug 1(Reuters) - India's Tata Power TTPW.NS reported first-quarter profit below analyst estimates on Friday as weak electricity demand weighed.

The company's consolidated net profit rose 9.2% to 10.60 billion rupees ($121.2 million) in the quarter ended June 30 from 9.71 billion rupees in the year-ago period.

Analysts, on an average, had expected 11.16 billion rupees, per data compiled by LSEG.

Revenue from operations rose 4.3% to 180.75 billion rupees, powered by a 52.1% surge in renewables while revenue from some of its largest segments - transmission and thermal and hydro operations - declined.

For further results highlights, click (Full Story)

KEY CONTEXT

India's power demand fell 1.8% year-on-year to 481 billion units in the quarter ended June 30, as unseasonal rains and an early monsoon arrival curbed cooling needs.

Analysts noted peak demand, expected to hit 270 gigaawatt (GW), remained subdued, dipping 1% to 242.5 GW in June.

Renewable generation surged in the reported quarter, with April up 33% to 23 billion units (BU), May rising 17% to 25 BU, and June climbing 26% to 27 BU.

Thermal generation continued to decline, with coal-based output down 9% in both May and June.

PEER COMPARISON

* The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

APRIL-JUNE STOCK PERFORMANCE

-- All data from LSEG

-- $1 = 87.4970 Indian rupee

(Reporting by Yagnoseni Das in Bengaluru; Editing by Ronojoy Mazumdar and Janane Venkatraman)

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By Dharamraj Dhutia and Khushi Malhotra

MUMBAI, July 24 (Reuters) - Two firms of Indian conglomerate Tata Group are planning to raise around 20 billion rupees ($231.5 million) through the sale of bonds over the next few days, three bankers said this week.

Tata Power Renewable Energy, a subsidiary of Tata Power TTPW.NS, is likely to raise around 10 billion rupees through the sale of 10-year bonds, while Tata Communications TATA.NS could raise a similar amount through three-year notes, the bankers said.

The bankers requested anonymity as they are not authorised to speak to media.

The companies did not respond to a Reuters email seeking comment.

"Mutual funds would be buying the Tata Communications issue in most cases, while insurers are expected to line up for the renewable energy company issue," one of the bankers said.

Tata Communications would be tapping the corporate debt market after a gap of nearly two years and is in talks with foreign banks to manage the issue. Its notes are rated AAA by CARE Ratings.

In August 2023, the company raised 17.50 billion rupees through three-year bonds at an annual coupon of 7.75%.

The pricing for the planned issue should be around 100 basis points cheaper, two of three bankers said.

Meanwhile, Tata Power Renewable would be tapping the market for the second time this financial year. It raised 10 billion rupees through 15-year bonds at a coupon of 7.55% in April.

Tata Power Renewable's notes are rated AA+ by rating agencies. The firm has 53 billion rupees worth of bonds outstanding.

($1 = 86.3920 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra)

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July 4 (Reuters) - Tata Power Company Ltd TTPW.NS:

• TATA POWER COMPANY LTD - ACHIEVES 45,500 ROOFTOP INSTALLATIONS IN Q1

Source text: ID:nBSE9W8P11

Further company coverage: TTPW.NS

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** India's Tata Power Company TTPW.NS falls as much as 2.5% to 396.6 rupees; last down 1.5%

** Singapore International Arbitration Centre asks co to pay $490 million in damages to its Russian mining partner Kleros, along with legal costs and interest

** Kleros claims TTPW breached confidentiality and non-circumvention clauses for proposed coal mining project in Russia

** ICICI Securities says the ruling will have a sentimentally negative impact on TTPW

** TTPW in process of reviewing the contents of the award and evaluating all options, including challenging the award

** YTD, TTPW up 2.2%

(Reporting by Vivek Kumar M)

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