Tata Power plans to raise $450 million by issuing corporate hybrid securities, revising its target upwards from $300-400 million, and may be used for securing long-term coal supplies and repaying debt.
Tag: Tata Power
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Rs 6.5k cr up for grabs in transmission
Over the next two months, the government will call global tariff bids to award contracts for laying five mega power transmission lines worth Rs 6,485 crore.
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1st floating solar plant
Tata Power will build the countryĆ¢ā¬ā¢s first low-cost, high-efficiency floating solar plant in partnership with AustraliaĆ¢ā¬ā¢s Sunengy.
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High bets on geothermal
The government is readying a policy on geothermal energy. Companies planning to encash on it are Tata Power, Thermax and GeoSyndicate.
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Short-lived glory
As the pace of power generation heats up, the race to be king is likely to be ongoing, with players overtaking each other within short periods.
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Tata's new seat of power
Consequent to the forthcoming retirement of Prasad Menon on 31 January, Tata Power appointed Anil Sardana as the Managing Director with effect from February.