Key Developments: Tata Power Company Ltd (TTPW.BO)

TTPW.BO on Bombay Stock Exchange

24 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Tata Power Company Ltd Eyes Local Acquisitions-The Economic Times
Sunday, 21 Jul 2013 01:51am EDT 

The Economic Times reported that Tata Power Company Ltd is eyeing local acquisition opportunities amid stress in the domestic sector. Besides, the Company, which has an installed generation capacity of over 8,500 MW, is seeking to strengthen footprint in the solar and wind power segments by way of new projects and acquisitions. Further, Tata Power is actively pursuing opportunities to acquire land in strategic markets in the country.  Full Article

Tata Power Company Ltd Ties Up With ICICI Bank Ltd For Bill Payments In Mumbai-Business Standard
Tuesday, 11 Jun 2013 07:30am EDT 

Business Standard reported that Tata Power Company Ltd has collaborated with ICICI Bank Ltd for bill payments in Mumbai. Customers can walk in any ICICI Bank branch and pay their bills either in cash or cheque it said. This option is over and above the existing online and offline modes of payment, it said in a statement.  Full Article

Tata Power Company Ltd Bags New Contract In Vietnam-Business Line
Thursday, 6 Jun 2013 08:00pm EDT 

Business Line reported that Tata Power Company Ltd has bagged a contract for setting up a 1,200-MW project in Vietnam. Sources said that the Company is likely to sign the memorandum of understanding (MoU) shortly.  Full Article

Tata Power Company Ltd Ties Up With Exxaro Resources Ltd For 135 MW Wind Project In South Africa-Business Standard
Wednesday, 5 Jun 2013 08:42am EDT 

Business Standard reported that Tata Power Company Ltd have been tied up for the 135 MW Amakhala Emoyeni wind project worth over INR 22.62 billion in South Africa. The wind energy project is being executed by Cennergi, an equal joint venture between Tata Power and Exxaro Resources Ltd.  Full Article

Tata Power Company Ltd Recommends Dividend
Thursday, 30 May 2013 05:32am EDT 

Tata Power Company Ltd announced that the Board of Directors of the Company at its meeting held on May 30, 2013, inter alia, have recommended a dividend of INR1.15 per Equity Share of INR1 each (at 115%) to the shareholders for the year ended March 31, 2013.  Full Article

Tata Power Company Ltd To Increase Mundra Umpp Capacity To 5,600 MW-Business Standard
Tuesday, 28 May 2013 06:00am EDT 

Business Standard reported that Tata Power Company Ltd has plans to expand the generation capacity of 4,000 MW Mundra plant to 5,600 MW, a company official said. Tata Power is exploring setting up additional two units of 800 MW each expanding the overall capacity of the Mundra power plant project from 4,000 MW to 5,600 MW.  Full Article

Tata Power Company Ltd Ties Up With Clean Energy Invest AS, IFC To Build Power Project In Georgia-DJ
Friday, 10 May 2013 10:24am EDT 

Dow Jones reported that Tata Power Company Ltd said it has inked an agreement with Norway's Clean Energy Invest AS and the World Bank's investment arm, the International Finance Corporation, to build a $700 million hydro-power project in Georgia. The Company said it will build a 400-megawatt project in three phases for the sale of power primarily to Turkey. The facility will be built in an alliance with Clean Energy Invest AS and IFC InfraVentures, a fund created by IFC in 2008 to support and develop infrastructure projects in the world's poorest countries. The first phase of 185 MW is expected to be completed before mid 2016. Tata Power and Clean Energy would hold 40% stake each and rest would be held by IFC. Tata Power has a total generation capacity of 8,521 MW, of which 450 MW is hydro-power.  Full Article

Rockwell Collins Inc And Tata Power To Bid For India Air Force Pact-Reuters
Wednesday, 6 Feb 2013 07:30am EST 

Reuters reported that Rockwell Collins Inc will jointly bid with a unit of India's Tata Power Co Ltd for a contract, expected to be worth $150 million to $200 million, to supply radio equipment to the Indian Air Force.  Full Article

INDIA PRESS-Tata Power, ICICI Venture plan JV to buy stranded power assets - Economic Times

Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Derek Francis in Bangalore)

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