Tata Power's Q3 net profit jumps 90.5% to Rs 1,052 crore
The third quarter saw significant strides in various businesses associated with our green energy platform and transmission and distribution (T&D) business, Praveer Sinha, CEO and managing director, Tata Power.
Tata Power Q3 Results: PAT jumps 91% YoY to Rs 1,052 crore, revenue up 29%
The third quarter saw significant strides in various businesses associated with our Green Energy Platform and Transmission & Distribution (T&D) business. We have committed investments in Renewables and in Odisha Power Distribution and have further strengthened our position in Rooftop Solar and EV charging domains," said Praveer Sinha, CEO & MD of Tata Power
Budget will continue to focus on capex and manufacturing: Ravi Dharamshi
So I think that will remain but the burden needs to shift from central government to state government and private sector on continuing with the capex cycle.
Tata Power ties up with Contour for digital trade finance network
Contour's network uses decentralised technology (blockchain) to bring together companies, banks and ecosystem partners, onto a trusted network, to help create a streamlined digital trade finance workflow, a statement said.
Revenue is expected to grow by 37.0% YoY to INR149.5bn, led by improved generation at the Mundra plant (+20.7% YoY to 3.4bn) and CERCsfavourable order, higher power demand across its distribution circles, and executions in its solar EPC segment.
NTPC is Harshvardhan Dole's top pick in power sector. Here's why
“NTPCs dividend payout has been consistently higher and it is offering a very asymmetric payoff which means that the downside is fairly limited. If the delivery of earnings continues, then there is a massive rerating ahead of the stock. NTPC is the top name that emerges as per our style of recommendation.”
In a regulatory filing, the company said it has allotted 10,000 unsecured, redeemable, taxable, listed, rated, Non-Convertible Debentures (NCDs) worth Rs 1,000 crore, on private placement basis.The maturity of Series I NCDs worth Rs 500 crore is scheduled on January 8, 2030 while the Series II NCDs worth Rs 500 crore would mature on December 29, 2032, it added.
Next four quarters can be good for credit growth and good profitability for PSU banks: Neeraj Dewan
"In the power financial space, there is REC, PFC and they deserve a look because a lot of capex is happening in this category and there also the books have been cleaned. They are in a much better position to lend. REC, PFC can be looked at if we are playing the power story."