TATAPOWER

May 14 (Reuters) - Tata Power Company Ltd TTPW.NS:

• TATA POWER Q4 CONSOL NET PROFIT 10.43 BILLION RUPEES

• TATA POWER Q4 CONSOL REVENUE FROM OPERATIONS 170.96 BILLION RUPEES

• TATA POWER COMPANY LTD - DIVIDEND OF 2.25 RUPEES PER SHR

Further company coverage: TTPW.NS

(([email protected];))

May 1 (Reuters) - India has extended the mandate for its imported coal-based power plants to operate at full capacity until June 30, a government circular showed on Thursday.

(Reporting by Sarita Chaganti Singh and Manvi Pant; Editing by Mrigank Dhaniwala)

(([email protected]; +918447554364;))

MUMBAI, April 25 (Reuters) - India's Tata Power Renewable Energy, a subsidiary of Tata Power, has accepted bids worth 10 billion rupees ($117.4 million) for 15-year bonds, three bankers said on Friday.

The company will pay an annual coupon of 7.55% and had invited bids from bankers and investors on Thursday, they said.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on April 25:

*Size includes base plus greenshoe for some issues

($1 = 85.2130 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)

(([email protected]))

MUMBAI, April 24 (Reuters) - India's Tata Power Renewable Energy, a subsidiary of Tata Power, plans to raise 10 billion rupees ($116.94 million) through a 15-year bond issue, three bankers said on Thursday.

The issuer has invited bids from bankers and investors later in the day, they said.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on April 24:

*Size includes base plus greenshoe for some issues

($1 = 85.5170 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)

(([email protected]))

By Sarita Chaganti Singh

NEW DELHI, April 18 (Reuters) - India is planning to ease its nuclear liability laws to cap accident-related penalties on equipment suppliers, three government sources said, in a move mainly to attract U.S. firms that have been holding back due to the risk of unlimited exposure.

The proposal by Prime Minister Narendra Modi's government is the latest step to expand nuclear power production capacity by 12 times to 100 gigawatts by 2047 as well as provide a fillip to India in trade and tariff negotiations with the U.S.

A draft law prepared by the department of atomic energy removes a key clause in the Civil Nuclear Liability Damage Act of 2010 that exposes suppliers to unlimited liability for accidents, the three sources said.

India's atomic energy department, the prime minister's office and the finance ministry did not respond to requests seeking comment.

"India needs nuclear power, which is clean and essential," said Debasish Mishra, chief growth officer at Deloitte South Asia.

"A liability cap will allay the major concern of the suppliers of nuclear reactors."

The amendments are in line with international norms that put the onus on the operator to maintain safety instead of the supplier of nuclear reactors.

New Delhi is hoping the changes will ease concerns of mainly U.S. firms like General Electric Co GE.N and Westinghouse Electric Co that have been sitting on the sidelines for years due to unlimited risks in case of accidents.

Analysts say passage of the amended law is crucial to negotiations between India and the U.S. for a trade deal this year that aims to raise bilateral trade to $500 billion by 2030 from $191 billion last year.

Modi's administration is confident of getting approval for the amendments in the monsoon session of parliament, set to begin in July, according to the sources.

Under the proposed amendments, the right of the operator to compensation from the supplier in case of an accident will be capped at the value of the contract. It will also be subject to a period to be specified in the contract.

Currently, the law does not define a limit to the amount of compensation an operator can seek from suppliers and the period for which the vendor can be held accountable.

LAW GREW OUT OF BHOPAL DISASTER

India's 2010 nuclear liability law grew out of the 1984 Bhopal gas disaster, the world's deadliest industrial accident, at a factory owned by U.S. multinational Union Carbide Corp in which more than 5,000 people were killed.

Union Carbide agreed to pay an out-of-court settlement of $470 million in damages in 1989.

The current liability law effectively shut out Western companies from a huge market, and also strained U.S.-Indian relations since they reached a deal on nuclear cooperation in 2008.

It also left U.S. firms at a disadvantage to Russian and French companies whose accident liability is underwritten by their governments.

The draft law also proposes a lower liability cap on small reactor operators at $58 million, but is unlikely to alter the cap for large reactor operators from the current level of $175 million, the three sources said.

India is betting big on nuclear power to meet its rising energy demand without compromising on net-zero commitments, for which it proposes to allow private Indian companies to build such plants.

Indian conglomerates like Reliance Industries RELI.NS, Tata Power TTPW.NS, Adani Power ADAN.NS and Vedanta Ltd VDAN.NS have held discussions with the government to invest around $5.14 billion each in the sector.

($1 = 85.6320 Indian rupees)

(Reporting by Sarita Chaganti Singh, Editing by Raju Gopalakrishnan.)

(([email protected];))

** Shares of Tata Power Company TTPW.NS rises 3.9% to 379 rupees, their biggest one-day gain in 3 months

** Stock among top pct gainers in the Nifty energy index .NIFTYENR, which is up 1.5%

** Integrated power co's unit signs pact with NTPC Limited NTPC.NS to develop a 200 MW renewable energy project

** Project valued at 45 billion rupees ($525.06 million); to be completed within 24 months

** Avg of analysts' rating on stock is "hold;" median PT is 423 rupees - data compiled by LSEG

** Stock down 4% YTD vs 6.5% fall in Nifty energy index

** NTPC last up 1.4%

($1 = 85.7050 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

Adds statement from Downing Street in paragraphs 5-6, statement from Chinese embassy in London in paragraphs 19-21

By Sam Tabahriti and Dominic Lipinski

SCUNTHORPE, England, April 14 (Reuters) - Britain expressed confidence on Monday that it could secure enough raw materials to keep the blast furnaces burning at its last maker of virgin steel, after the government seized operational control from its Chinese owners.

Ministers said British Steel's owners, China's Jingye Group 600768.SS, had wanted to shut the furnaces at the loss-making Scunthorpe plant after they rejected a government funding proposal, a move which would force Britain to import steel instead.

The government recalled parliament at the weekend - the first Saturday recall since the 1982 Falklands War - to pass emergency legislation and give it powers to direct the company's board and workforce, and to order raw materials.

By Monday morning it had approved the appointment of an interim chief executive and chief commercial officer - both long-term employees of the plant - and said it had established that enough raw materials were in the country.

A spokesperson for Prime Minister Keir Starmer said two shipments containing iron ore, pellets and coking coal had docked at a local port, with a third on its way.

"We are now confident in securing the supply of materials needed," the spokesperson told reporters. "Obviously we'll be working with management to identify further raw materials needed to keep a steady pipeline and to keep the furnaces burning."

Treasury department minister James Murray said earlier on Monday that the focus was on getting the materials into the blast furnaces, and said if the government had not acted on Saturday the blast furnaces would be closing.

A number of businesses, including India's Tata and local distributor Rainham Steel, have also offered managerial support and raw materials, the government said.

The dispute risks straining ties between London and Beijing, which Prime Minister Keir Starmer's Labour government had sought to improve, at a time when nations around the world are trying to deepen trading cooperation after the U.S. tariff shock.

Jingye has not commented, but China called for fair treatment of its companies and resolution through consultation.

The furnaces in the northeastern city of Scunthorpe need to be constantly fuelled and are losing 700,000 pounds ($922,000) a day.

Their output is used in the rail network, construction and automotive industry. Without the plant, Britain would be reliant on imports at a time of trade wars and geopolitical instability.

The intervention at a site which employs 3,500 people and more in the supply chain prompted Britain's business minister, Jonathan Reynolds, to say on Sunday that China was no longer welcome in Britain's steel sector.

CHINA: 'ACT FAIRLY'

The Chinese embassy in London said it was following the situation closely, hoped Britain could find a solution acceptable to all, and noted that British steel companies had generally encountered difficulties in recent years.

"We have urged the British side to act in accordance with the principles of fairness, impartiality and non-discrimination and to make sure the legitimate rights and interests of the Chinese company be protected," an embassy spokesperson said.

Beijing's foreign ministry urged Britain not to politicise trade, so as to protect the confidence of Chinese investors.

British Steel has not commented on the dispute but did announce on Monday the appointment of Allan Bell as interim chief executive and Lisa Coulson as chief commercial officer to ensure "consistent and professional leadership" at the plant.

The company was already struggling in an over-supplied global market before the rise in energy costs of recent years. U.S. tariffs of 25% on all steel imports, taking effect in March, delivered another blow.

The Community union representing workers at the plant welcomed the government intervention, as did industry trade body UK Steel.

Closure of the furnaces would leave Britain as the only G7 wealthy nation unable to produce so-called virgin steel from iron ore, coking coal and other inputs. The government says nationalisation of the plant is now a likely option.

($1 = 0.7590 pounds)

(Reporting by Sam Tabahriti in London; Additional reporting by Xiuhao Chen in Beijing and Muvija M; Writing by Kate Holton; Editing by Andrew Cawthorne)

(([email protected];))

By Sethuraman N R

April 8 (Reuters) - India's NTPC NTPC.NS is exploring the possibility of building small modular reactors to replace its older thermal power plants, according to a tender document, the first such proposal since the country moved to open its much-guarded nuclear sector.

The state-run company, India's top power producer, has called for consultants to run feasibility tests for small modular reactors (SMR), which have simpler designs than large nuclear plants and can be scaled up to meet demand.

NTPC mainly runs coal-fired plants and wants to identify ones that can be retired in the next five years, preferably replaced by SMRs, according to the tender on Monday.

Reuters had reported in February that the company was in talks with foreign firms, including those from Russia and the U.S., to build SMRs. Its current capacity, including through its joint ventures, is about 63 gigawatts (GW) of coal power.

In early February, India said it would amend its nuclear liability law to boost foreign and private investments, aiming for at least 100 GW of nuclear capacity by 2047 from about 8 GW now, all of which is operated by state-run Nuclear Power Corp of India.

While companies such as Tata Power TTPW.NS have expressed interest in building SMRs, NTPC is the first to issue a tender.

NTPC also plans to build large nuclear reactors with about 15 GW combined capacity. It has started work on two 2.6 GW plants.

(Reporting by Sethuraman NR; Editing by Savio D'Souza)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

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

• TO INSTALL 100 MW BATTERY ENERGY STORAGE SYSTEM IN MUMBAI

Source text: ID:nBSE3d5Cs8

Further company coverage: TTPW.NS

(([email protected];;))

April 2 (Reuters) - Tata Power TTPW.NS is eyeing its first coal power capacity expansion in six years by boosting capacity at a plant in northern India, according to a tender document, as the country's clean energy sector is hit by project delays and weaker demand.

WHY IT'S IMPORTANT

This is the first coal power generation capacity expansion by Tata Power since acquiring Prayagraj Power Generation Co Ltd (PPGCL) in 2019 through a joint venture.

The proposal also comes at a time the Indian government is targeting at least 500 gigawatts (GW) of non-fossil power capacity by 2030.

CONTEXT

Meanwhile, India's renewable energy sector is facing obstacles including weak demand for tenders, land acquisition issues for projects, power agreement delays and project cancellations.

PPGCL is a 1,980 megawatts (MW) coal-powered plant in the northern state of Uttar Pradesh that is owned by the Tata Power's associate Renascent Power.

PPGCL has now asked for an environmental impact study for expanding capacity at the existing power plant by 1,600 MW, according to a recent tender document posted by the company.

BY THE NUMBERS

India's cumulative unsigned clean power sale agreement capacity has exceeded 40 GW.

The country added nearly 28 GW of solar and wind capacity in 2024 and despite a strong pipeline of renewable projects, fossil fuels accounted for more than two-thirds of the total increase in power generation in the same year.

India also plans to raise its coal-fired capacity by 80 GW by 2031-32, increasing the total from the current 220 GW, to meet growing domestic electricity demand.

Tata Power currently has a coal power portfolio of about 8.9 GW in six Indian states and also plans to have a clean energy capacity of more than 20 GW by 2030 from about 6.7 GW at present at an investment of $9 billion.

(Reporting by Sethuraman NR in Bengaluru; Editing by Shounak Dasgupta)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** Shares of Tata Power Company TTPW.NS rise 2.6% to 360.8 rupees

** Stock among top pct gainers in the Nifty energy index .NIFTYENR, which is down 0.2%

** Integrated power co's unit signs pact with Andhra Pradesh govt to develop upto 7,000 MW of renewable energy projects, with an up to 490 billion rupees ($5.6 billion) investment

** Avg of analysts' rating on stock is "hold," same as that on Torrent Power TOPO.NS; median PT on TTPW is 425 rupees - data compiled by LSEG

** Stock down 8% so far this year vs a 9.9% decline in the Nifty energy index

($1 = 87.2300 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

March 7 (Reuters) - India's Tata Power Renewable Energy Ltd (TPREL) said on Friday it is exploring setting up 7 gigawatts (GW) of green energy projects in the southern state of Andhra Pradesh at an investment of 490 billion Indian rupees ($5.63 billion).

CONTEXT

TPREL, a unit of Tata Power TTPW.NS, is looking into clean energy projects including solar, wind and hybrid, with or without storage solutions, making it one of the largest renewable energy investments in Andhra, the company said.

Tata Power has plans to invest up to $9 billion to scale up its renewable energy capacity over the next five years.

WHY IS IT IMPORTANT

India has committed to setting up 500 GW of non-fossil fuel electricity generation capacity by 2030 but is still falling short of its previously set target to add 175 GW by 2022.

Separately, states are aiming to develop their own clean energy portfolio as they find buying power from federal projects expensive and also due to the lack of interstate transmission infrastructure.

Andhra aims to develop more than 160 GW of renewable energy, with a potential investment of 10 trillion rupees.

Even as India issued a record 73 gigawatts of utility-scale renewable energy tenders in 2024, about 8.5 GW was undersubscribed due to complex tender structures and delays in interstate transmission readiness.

India's cumulative unsigned renewable power sale agreement capacity has exceeded 40 GW.

($1 = 87.0400 Indian rupees)

(Reporting by Sethuraman NR; Editing by Shreya Biswas)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

By Aditya Kalra

NEW DELHI, March 6 (Reuters) - Indian consumer products distributors have filed an antitrust case against big fast-delivery businesses of Zomato, Swiggy and Zepto, calling for an investigation into alleged deep discounting practices, legal papers show.

India's e-commerce sector has faced intense scrutiny over how products are priced online. An antitrust investigation last year found Amazon and Walmart's Flipkart favour select sellers and resorted to "predatory pricing", which hurts smaller retailers. The companies have denied the allegations.

Quick commerce, in which companies deliver consumer products within 10 minutes from neighbourhood warehouses, is popular with customers but has upset smaller retailers as shoppers use apps to order everything from milk to pulses. Bernstein estimates India's quick commerce sector will reach $35 billion in 2030, from $200 million in 2021.

The All India Consumer Products Distributors Federation (AICPDF), in a case filing with the Competition Commission of India, has asked for an investigation into many business practices of Zomato's ZOMT.NS Blinkit, Swiggy's SWIG.NS instamart, and Zepto, including how discounts are doled out.

"An alarming trend of predatory pricing and deep discounting practices by Q-commerce platforms resulted in unfair pricing models," said the group's filing, which is not public but was reviewed by Reuters.

Zomato and Swiggy did not respond to Reuters' requests for comment. Zepto declined comment. The CCI did not respond.

The filing could increase headaches for Zomato and Swiggy. A separate CCI investigation last year found their food delivery businesses breached competition laws. The case is ongoing.

Zepto is preparing for an IPO after raising funds at a valuation of $5 billion last year.

The watchdog will review the case filing and can order its investigation unit to look at the matter closely. This can take several months and may require companies to explain their businesses. It can dismiss the case if it finds no merit in it.

AICPDF has 400,000 distributors as members, who supply products of brands such as Nestle NEST.NS, Unilever ULVR.L and Tata to 13 million retail shops across India.

A recent Datum Intelligence survey of 3,000 Indian quick commerce shoppers showed 36% had reduced shopping at supermarkets and 46% cut back purchases from small independent stores.

In its filing, AICPDF said local brick-and-mortar stores "cannot match" the quick commerce giants' discounts. It compared online and offline pricing of 25 products, including of Nestle and Hindustan Unilever HLL.NS.

A variant of a Nescafe coffee jar which a small independent Indian retailer receives from companies for about 622 rupees ($7.14) is offered for 514 rupees on Zepto, 577 rupees on Swiggy Instamart and 625 rupees on Blinkit, according to the filing.

Asia's richest man, Mukesh Ambani, is mimicking the strategy to offer fast deliveries, as are Amazon and Flipkart in limited areas.

Datum estimates Blinkit has a 40% market share in India's quick commerce market, with 1,007 small warehouses, while Zepto has more than 900 stores and a 29% market share. Swiggy's Instamart service holds a 26% share.

(Reporting by Aditya Kalra, Editing by Timothy Heritage)

((Email: [email protected]; X: @adityakalra;))

Feb 28 (Reuters) - Tata Power Company Ltd TTPW.NS:

• TATA POWER COMPANY LTD - TP SOLAR SECURES 6.32 BILLION RUPEES CONTRACT FROM SECI

• TATA POWER COMPANY LTD - CONTRACT FOR SUPPLY OF 292.5 MWP DCR SOLAR MODULES

Source text: ID:nBSE5XMSbg

Further company coverage: TTPW.NS

(([email protected];))

Feb 27 (Reuters) - Tata Power Company Ltd TTPW.NS:

• UNIT GOT 6.32 BILLION RUPEES CONTRACT FROM SECI

• ORDER TO SUPPLY OF 292.5 MWP DCR SOLAR MODULES

Source text: [ID:]

Further company coverage: TTPW.NS

(([email protected];))

Feb 25 (Reuters) - Tata Power Company Ltd TTPW.NS:

• TATA POWER COMPANY LTD - SIGNS MOU WITH ASSAM GOVERNMENT FOR 5000 MW RENEWABLE ENERGY

• TATA POWER COMPANY LTD - TO INVEST 300 BILLION RUPEES IN ASSAM RENEWABLE ENERGY

• TATA POWER COMPANY LTD - AGREEMENT TO SCALE UP ROOFTOP SOLAR PROJECTS, CREATE 3000 JOBS

Source text: ID:nBSE6hGHbt

Further company coverage: TTPW.NS

(([email protected];;))

** Shares of power generation co Tata Power TTPW.NS rise as much as 3.8% to 361 rupees, last up 2.7%

** HSBC Global Research upgrades stock to "hold" from "reduce", hikes PT to 345 rupees from 300 rupees

** Upgrade on the back of project execution progress, strong start to solar module manufacturing, start of new programs like pumped storage -HSBC

** Says TTPW's solar module, cell manufacturing business is ramping up nicely; engineering, procurement, and construction business seems to have turned around

** However, HSBC expects no material positive catalysts in medium term; expects power demand to remain weak until May, sees low probability of privatisation of state-owned power distribution companies

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

Feb 6 (Reuters) - Tata Power Company Ltd TTPW.NS:

• TROMBAY UNIT 5 RESUMES POWER SUPPLY TO MUMBAI

Source text: ID:nNSE7Xzq7F

Further company coverage: TTPW.NS

(([email protected];;))

** Shares of Tata Power TTPW.NS rise 3.5% to 372 rupees

** Co said consolidated net profit rose 8.2% Y/Y to 10.31 bln rupees ($118.3 mln); rev from ops up 5.1%

** Co aided by better margin in its solar engineering, procurement and construction segment

** Co also interested in setting up small modular nuclear reactors, its CEO Praveer Sinha said on Tuesday

** Over FY 2025-2027, earnings growth to be driven by capacity addition and solar cell or module manufacturing - Antique Stock Broking

** Brokerage says execution of solar EPC order book and transmission line commissioning also key growth drivers

** 20 analysts covering the stock on avg have a "hold" rating; median PT is 462 rupees - LSEG data

** Stock gained 18% in 2024

($1 = 87.1270 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

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

• Q3 CONSOL NET PROFIT 10.31 BILLION RUPEES; IBES EST. 10.87 BILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 153.91 BILLION RUPEES; IBES EST. 163.91 BILLION RUPEES

Further company coverage: TTPW.NS

(([email protected];))

Jan 27 (Reuters) - Tata Power Company Ltd TTPW.NS:

• TP SOLAR SIGNED CONTRACT WITH MAHARASHTRA STATE POWER GENERATION COMPANY

• CONTRACT TO SUPPLY 300 MWP OF ALMM-CERTIFIED SOLAR MODULES

• CONTRACT VALUED AT 4.55 BILLION RUPEES

Source text: ID:nBSE2dhDxx

Further company coverage: TTPW.NS

(([email protected];;))

Adds detail, background from paragraph 2

Dec 27 (Reuters) - India on Friday extended its mandate for imported coal-based power plants to operate at full capacity until Feb. 28, a government circular showed.

In October, the government had invoked an emergency clause to direct companies including Tata Power TTPW.NS, Adani Power ADAN.NS and Vedanta VDAN.NS, to operate their imported coal fired plants till Oct. 15 and had further extended the mandate till Dec. 31.

Imported coal-based power plants in India have a combined annual capacity of nearly 16 gigawatts.

India's coal-fired power output had fallen for a second straight month in September due to slower growth in electricity use and a surge in solar generation.

The country's imports of thermal coal plunged 31.8%, its fastest rate of contraction in fifteen months, in October, Reuters had reported earlier.

India's overall coal-based power generation over April-September rose by 5% from a year earlier, government data shows.

(Reporting by Manvi Pant and Sethuraman NR in Bengaluru; Editing by Mrigank Dhaniwala)

(([email protected]; +918447554364;))

MUMBAI, Dec 23 (Reuters) - India's Tata Power Renewable Energy, a subsidiary of Tata Power, has accepted bids worth 10 billion rupees ($117.54 million) for bonds maturing in 10 years, three bankers said on Monday.

The issuer will pay a coupon of 7.70% on this issue and had invited bids for the same earlier in the day, they said.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on Dec. 23:

*Size includes base plus greenshoe for some issues

($1 = 85.0770 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)

(([email protected]))

MUMBAI, Dec 20 (Reuters) - India's Tata Power Renewable Energy, a subsidiary of Tata Power TTPW.NS, plans to raise 10 billion rupees ($117.6 million) through the sale of bonds maturing in 10 years, three bankers said on Friday.

The issuer will pay a coupon of 7.70% on this issue and has invited bids for the same on Monday, they said.

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

Here is the list of deals reported so far on Dec. 20:

*Size includes base plus greenshoe for some issues

($1 = 85.0720 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Sumana Nandy)

(([email protected]))

Dec 11 (Reuters) - A group of shareholders has offered to take Indian clean energy firm Renew Energy Global RNW.O private, an SEC filing showed on Tuesday.

The group comprising Renew's founder and chairman, Sumant Sinha, Canada Pension Plan Investment Board, Abu Dhabi Investment Authority's subsidiary Platinum Hawk, and Masdar, owns 64% of the fully diluted public shares of the Nasdaq-listed company.

The group is offering shareholders of the company - whose market capitalisation stood at $2.37 billion as of last close, according to LSEG data - $7.07 per share, a premium of 11.5% to the stock's last close.

Renew, which has a clean energy portfolio of about 16.3 gigawatts (GW) as of Sept., is among the top firms in the renewable energy space in India, and competes with companies like Adani Green ADNA.NS and Tata Power TTPW.NS

"This proposal reflects Masdar's positive assessment of the strength of India’s renewable sector and would provide capital investment to support the country’s energy transition," the UAE government-owned renewable energy company said in a statement.

Renew shares have fallen about 36% since listing in Feb 2021.

(Reporting by Sethuraman NR, Andres Gonzalez in London; Editing by Tasim Zahid)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

Dec 10 (Reuters) - Indian clean energy firms will be required to use solar photovoltaic (PV) modules from cells made locally by a government-approved list of companies from June 2026, in a move to curb imports from top supplier China.

India already requires the use of locally-made PV modules in government projects from an approved list of domestic manufacturers, and authorities have now extended this rule to solar cells as well.

The government plans to increase its non-fossil fuel capacity to 500 GW by 2030 from about 156 GW at present.

Currently, India has a solar PV module-making capacity of about 80 gigawatts (GW), while its cell-making capacity is slightly more than 7 GW, with companies largely relying on Chinese cells to make modules.

The government will issue a list of approved cell manufacturers as the installed capacity of solar PV cells in the country is expected to increase substantially next year, the renewable energy ministry said on Monday.

Several Indian companies have already set up or are in the process of establishing solar cell making plants.

Tata Power TTPW.NS recently commissioned a 4.3 GW cell making plant in southern India. Reliance Industries RELI.NS aims to commission its first phase of a 20 GW integrated solar cell and module production facility before the end of this year in the state of Gujarat, where the Adani Group already has a 4 GW cell and module making plant.

(Reporting by Sethuraman NR; Editing by Sonia Cheema)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

Dec 6 (Reuters) - Tata Power Company Ltd TTPW.NS:

• TATA POWER- TARGETING 33 GW OF CLEAN, GREEN ENERGY, INCLUDING 23 GW OPERATIONAL BY FY30

• TATA POWER- CAPEX 1.46 TRLN RUPEES ESTIMATED BETWEEN FY25-30 WITH 60% IN RENEWABLE SECTOR

Source text: ID:nNSE53s3Xj

Further company coverage: TTPW.NS

(([email protected];))

Dec 3 (Reuters) - Tata Power Company Ltd TTPW.NS:

• TATA POWER RENEWABLE COMMISSIONS 431 MW DC SOLAR IN NEEMUCH

Source text: ID:nBSE4k7M4F

Further company coverage: TTPW.NS

(([email protected];;))

** Shares of Tata Power Company TTPW.NS rise as much as 2.2% to 416.90 rupees

** Co on Thursday said it has signed an MoU with the Asian Development Bank for $4.25 bln to finance key clean energy power projects

** Share price has moved above the 200-day exponential moving averages

** More than 8.8 mln shares change hands, 0.8x of 30-day avg

** Avg rating of 20 analysts equivalent to "hold", median PT is 471.60 rupees - LSEG data

** Stock last up 1.4%, pushing YTD gains to 24.5%

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))