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

TTPW.NS on National Stock Exchange of India

87.30INR
27 Feb 2015
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Latest Key Developments (Source: Significant Developments)

Tata Power Company Ltd appoints Ramesh N. Subramanyam as CFO
Tuesday, 1 Apr 2014 03:55am EDT 

Tata Power Company Ltd:Appoints Ramesh N. Subramanyam as new chief financial officer (CFO) effective March 31.This is in consequent to superannuation of S Ramakrishnan, Executive Director (Finance), Tata Power on Feb. 28.Says S. Padmanabhan, executive director (operations), who held the additional charge of the Finance function as chief financial officer in the interim, i.e. from Feb. 28 ceases to be the CFO with effect from April 1.  Full Article

Tata Power Company Ltd announces rights issue
Sunday, 9 Mar 2014 10:41pm EDT 

Tata Power Company Ltd:Says that the committee for rights issue, at its meeting held on March 08 has decided on the following terms for the rights issue, which is proposed to open on or prior to March 31.Rights issue size: 332,230,130 equity shares with a face value of 1 Indian rupee each (rights equity shares.Rights entitlement ratio: 7:50, i.e. an eligible equity shareholder will be entitled to apply for seven rights equity shares for every 50 equity shares held by such eligible equity shareholder as on the record date.Rights issue price: 60 Indian rupees per rights equity share.Terms of payment: Entire rights issue price, i.e. 60 Indian rupees, shall be payable on application, of which 1 Indian rupee, shall be applied towards the face value of each rights equity share and 59 Indian rupees shall be applied towards the share premium.Timing of the rights issue: Issue opening date for the rights issue shall be no later than March 31.Rights issue shall remain open for a minimum period of 15 days.  Full Article

Tata Power Company Ltd raises fund upto 20,000 Indian rupee mln
Thursday, 27 Feb 2014 09:50pm EST 

Tata Power Company Ltd:Raising funds upto 2,000 Indian rupee mln by way of a rights issue of equity shares of face value of 1 Indian Rupee each.  Full Article

Tata Power Company Ltd's subsidiary signs agreement for sale of 30 pct stake in Arutmin Infrastructure Company as a part of Arutmin Transaction
Thursday, 27 Feb 2014 04:30am EST 

Tata Power Company Ltd:Says the company, through its Indonesian subsidiary, PT Sumber Energi Andalan Tbk (SEA) has signed with the Bakrie group entity for the sale of SEA's 30 pct stake in PT Mitratama Perkasa (MP).Says the aggregate consideration for SEA's 30 pct stake in MP is about $120 mln.Says prior to the sale, MP would be restructured to hold infrastructure assets in relation to PT Arutmin Indonesia and Tata Power, through its subsidiaries, would continue to hold 30 pct stake in PT Kaltim Prima Coal related infrastructure assets.Says it targets to complete the sale of MP in the next two months.  Full Article

Tata Power Company Ltd's subsidiary concludes acquisition of AES Saurashtra Windfarms Pvt Ltd
Tuesday, 25 Feb 2014 03:15am EST 

Tata Power Company Ltd:Tata Power Renewable Energy Limited, a 100 pct subsidiary of Tata Power has completed acquisition of 100 pct shareholding in AES Saurashtra Windfarms Pvt Ltd.AES Saurashtra Windfarms Pvt Ltd is 100 pct subsidiary of AES Corporation.  Full Article

Tata Power Company Ltd sells 30 pct shares in Arutmin to Bakrie Group - Reuters
Sunday, 2 Feb 2014 08:21pm EST 

Tata Power Company Ltd:Bakrie Group conglomerate will buy 30 percent shares worth $500 million in PT Arutmin Indonesia from Tata Power Co Ltd - Reuters.Tata Power said in a statement the deal is expected to be sealed within the next three months.  Full Article

Tata Power Company Ltd Exits Stake in Arutmin Coal & retains KPC mines
Friday, 31 Jan 2014 09:10am EST 

Tata Power Company Ltd:Says its 100% subsidiaries sign agreement for sale of their 30% stake in PT Arutmin Indonesia and associated companies in coal trading and infrastructure, to a Bakrie Group entity.Says the aggregate consideration for Tata Power's 30% stake is approximately $500 million.  Full Article

Tata Power Company Ltd Signs MOU With Government Of Vietnam To Develop Long Phu 2 Power Project
Friday, 22 Nov 2013 06:15am EST 

Tata Power Company Ltd announced that the Company announced the signing of a Memorandum of Understanding (MOU) with the Ministry of Industry and Trade; Government of Vietnam for developing the Long Phu 2 Power Project in Soc Trang Province of Vietnam. The MoU was signed by Anil Sardana, CEO & Managing Director, Tata Power, in the esteemed presence of Honourable Manmohan Singh, Prime Minister of India, Nguyen Phu Trong, General Secretary of the Communist Party of Vietnam and Cyrus Mistry, Chairman of the Tata Group. The Company was awarded the Long Phu 2 Power Project by the Government of Vietnam based on the pre-feasibility studies earlier this year. The MoU has been signed to develop a thermal power plant, which will utilize imported coal. In accordance with the MoU, Tata Power will carry out feasibility studies for developing this power project on build, own and transfer basis. The Long Phu 2 Power Project is Tata Powers first coal based project outside India.  Full Article

Tata Power Company Ltd Developing 160 MW Wind Projects In India - Business Standard
Monday, 28 Oct 2013 07:34am EDT 

Business Standard reported that Tata Power Company Ltd is developing wind projects having total generation capacity of over 160 MW in the country. The private power producer already has an installed wind energy generation capacity of 398 MW with projects across Maharashtra, Rajasthan, Gujarat, Tamil Nadu and Karnataka. Tata Power is developing wind power projects of over 160 MW in India, Tata Power Managing Director Anil Sardana said in a statement.  Full Article

Tata Power Company Ltd's Tata Power Renewable Energy Ltd Signs Share Purchase Agreement (SPA) For Acquisition Of AES Corp's Subsidiary
Tuesday, 8 Oct 2013 02:02am EDT 

Tata Power Company Ltd announced that its subsidiary, Tata Power Renewable Energy Ltd has signed Share Purchase Agreement (SPA) for acquisition of 100% shareholding in AES Saurashtra Windfarms Pvt Ltd, a 100% subsidiary of AES Corp. Financial terms of the transaction were not disclosed.  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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