Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu
ANNOUNCEMENT Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu.
DATE o Thursday, 12 January, 2017
OUTCOME o 49 Total impressions
Print 14 impressions in Financial media 07 impressions in Mainlines media 01 impressions in Regional media
Online 27 impressions in Online media
KEY MESSAGES
Tata Power Renewable Energy Ltd (TPREL), India’s largest renewable energy company and Tata Power’s wholly-owned subsidiary, announced the commissioning of 36 MW wind capacity of a 100 MW wind farm (under construction) at Nimbagallu in Andhra Pradesh, and 49 MW solar plant at Kayathar, Tamil Nadu, under Welspun Renewable Energy Private Limited (WREPL). With these, the operating renewable energy capacity of TPREL grows to 1,876 MW, comprising 841 MW wind, 915 MW solar, and 120 MW waste heat recovery capacity as of today. In FY16, Tata Power Renewable Energy Ltd increased its operational capacity by 1169 MW.
Speaking on this achievement, Mr. Rahul Shah, CEO & Executive Director, Tata Power Renewable Energy Limited, said, “With the commissioning of these 2 projects, TPREL continues to fortify its position of being the largest renewable energy company in the country. Our strategic approach is in line with Tata Power’s aim to expand its clean energy portfolio up to 35-40% by 2025. We are extremely proud of this development and we continue to seek to grow our portfolio in India and in select international markets through organic and inorganic opportunities.”
Key Headlines
Tata Power Renewable Energy commissions projects in AP, TN - The Hindu Business Line
Tata Power's two new projects - The Indian Express
TPREL commissions 2 projects in Andhra Pradesh and Tamil Nadu - Afternoon Despatch
Total MAV & CCM generated Page 1 of 67
Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu
o MAV: Rs. 1636483.08 CCM: 491.03
GRAPHIC REPRESENTATION OF COVERAGE
Publication-wise segregation of coverage Financial – 14; Mainline – 07; Regional – 01
4%
32%
64%
Financial Mainlines Regional
Geographical-wise segregation of coverage East - 02; West - 09; North - 04; South - 07
9% 18% 41%
32%
East North South West
MAV /CCM of coverage
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu
Total MAV Generated : Rs 1636483.08 Total CCM : 491.03
CCM Segregation Financial: 435.4; Mainline 49.95; Regional: 5.68
1%
10%
89%
Financial Mainlines Regional
MAV Segregation - Print Financial: Rs 538630.70; Mainline: Rs 116509.96; Regional: Rs 25441.92
4%
17%
79%
Financial Mainlines Regional
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu
MAV Segregation - Online National: Rs 955900.50; International: Rs 0.0
0%
100%
International Site National Site
Observations
The coverage received visibility all four zones namely Northern, Eastern, Western and Southern Zone. Western zone garnered 41% coverage, followed by Southern and Northern zone with 32 and 18% coverage respectively. Eastern zone garnered 09% coverage.
64% article appeared in the financial dailies followed by Mainline and Regional dailies with 32 and 04% respectively.
Out of 22 Print Coverage, 17 articles were captured under A category followed by B category with 5 articles.
Coverage and publications wise analysis
Coverage can mainly be categorized into:
̶ Articles that focused on TPREL commissions 2 projects in Andhra Pradesh and Tamil Nadu ̶ Articles that focused on Tata Power Renewable Energy commissions projects in AP, TN ̶ Articles that focused on Tata Power's two new projects
Publication covering the above news
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu
Afternoon Despatch – TPREL commissions 2 projects in Andhra Pradesh and Tamil Nadu Tata Power arm TPREL said it has commissioned 36 MW wind capacity of a 100 MW wind farm at Nimbagallu in Andhra Pradesh, and 49 MW solar plant Tamil Nadu's Kayathar town. "With these, the operating renewable energy capacity of Tata Power Renewable Energy Ltd (TPREL) grows to 1,876 MW, comprising 841 MW wind, 915 MW solar, and 120 MW waste heat recovery capacity as of today," a company statement said. According to it, In FY'16, Tata Power Renewable Energy Ltd increased its operational capacity by 1,169 MW.
The Hindu Business Line – Tata Power Renewable Energy commissions projects in AP, TN Tata Power Renewable Energy Ltd (TPREL), a wholly-owned subsidiary of Tata Power, has commissioned 36 MW wind capacity of a 100-MW wind farm under construction at Nimbagallu in Andhra Pradesh, and 49 MW solar plant at Kayathar in Tamil Nadu, under Welspun Renewable Energy Pvt Ltd. With these two projects, the operating renewable energy capacity of TPREL is up at 1,876 MW, comprising 841 MW wind, 915 MW solar and 120 MW waste heat recovery capacity.
The Indian Express – Tata Power's two new projects The renewable energy aim ofTata Power commissioned two new ' projects on Thursday, catapulting its operating capacity to 1.876MW. Tata Power Renewable Energy Ltd (TPREL) announced the partial commissioning of a 100 MW wind farm at Nimbagallu in Andhra Pradesh. A 49 MW solar plant was also commissioned at Kayathar, Tamil Nadu, under Welspun Renewable Energy.
Article Date Headline / Summary Publication Edition Page No. Journalist
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu
Financial
The Financial 13 Jan 2017 Money Markets New Delhi 11 Bureau Express
The Financial 13 Jan 2017 Street Signs Ahmedabad 11 Bureau Express
The Financial 13 Jan 2017 Street Signs Hyderabad 11 Bureau Express
The Financial 13 Jan 2017 Street Signs Mumbai 11 Bureau Express
The Financial 13 Jan 2017 Tata Power Bangalore 11 Bureau Express
The Financial 13 Jan 2017 Tata Power Chennai 11 bureau Express
Tata Power Renewable Energy The Hindu 13 Jan 2017 Ahmedabad 3 Bureau commissions projects in AP, TN Business Line
Tata Power Renewable Energy The Hindu 13 Jan 2017 Bangalore 3 Bureau commissions projects in AP, TN Business Line
Tata Power Renewable Energy The Hindu 13 Jan 2017 Chennai 3 Bureau commissions projects in AP, TN Business Line
Tata Power Renewable Energy The Hindu 13 Jan 2017 Hyderabad 3 Bureau commissions projects in AP, TN Business Line
Tata Power Renewable Energy The Hindu 13 Jan 2017 Kolkata 3 Bureau commissions projects in AP, TN Business Line
Tata Power Renewable Energy The Hindu 13 Jan 2017 Mumbai 3 Bureau commissions projects in AP, TN Business Line
Tata Power Renewable Energy The Hindu 13 Jan 2017 New Delhi 3 Bureau commissions projects in AP, TN Business Line
Tata Power Renewable Energy The Hindu 13 Jan 2017 Pune 3 Bureau commissions projects in AP, TN Business Line
Mainlines
13 Jan 2017 Tata Power's two new projects The Indian Express Ahmedabad 14 Bureau
13 Jan 2017 Tata Power's two new projects The Indian Express Kolkata 13 Bureau
13 Jan 2017 Tata Power's two new projects The Indian Express Lucknow 13 Bureau
13 Jan 2017 Tata Power's two new projects The Indian Express Mumbai 17 Bureau
13 Jan 2017 Tata Power's two new projects The Indian Express New Delhi 19 Bureau
13 Jan 2017 Tata Power's two new projects The Indian Express Pune 13 Bureau
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu
TPREL commissions 2 projects in Afternoon 13 Jan 2017 Mumbai 24 Bureau Andhra Pradesh and Tamil Nadu Despatch
Regional
Tata Power Renewable Energy Ltd. 13 Jan 2017 commissions two projects in Andhra Eenadu Hyderabad 8 Bureau Pradesh and Tamil Nadu
Online
Sensex, Nifty provisionally settle 13 Jan 2017 Business Standard Online Web Bureau with small gains Tata Power Company provides 13 Jan 2017 update on subsidiary - Tata Power Business Standard Online Web Bureau Renewable Energy Tata Power gains after subsidiary 13 Jan 2017 Business Standard Online Web Bureau commissions renewable projects
TPREL commissions 2 projects in 13 Jan 2017 Business Standard Online Web PTI Andhra Pradesh and Tamil Nadu Tata Power Renewable Energy Ltd. 13 Jan 2017 Commissions Two Projects in The Telegraph Online Web Bureau Andhra Pradesh and Tamil Nadu Tata Power Renewable Energy 13 Jan 2017 commissions two projects in Andhra Moneycontrol Online Web Bureau Pradesh, Tamil Nadu Nifty gains for 3rd day; Trump views 13 Jan 2017 Moneycontrol Online Web Bureau drag pharma, Infosys soars Tata Power Renewable Energy Ltd. 13 Jan 2017 Commissions Two Projects in Udaipur Kiran Online Web Bureau Andhra Pradesh and Tamil Nadu Tata Power Renewable Energy 13 Jan 2017 commissions two projects in Andhra India Blooms Online Web Bureau Pradesh, Tamil Nadu Capital goods, auto sector stocks 13 Jan 2017 Greshma Online Web Bureau trade mixed Tata Power Renewable Energy Sarita C 13 Jan 2017 commissions 2 projects in Tamil ET Energy Online Web Singh Nadu and Andhra Pradesh Tata Power Renewable Energy 13 Jan 2017 commissions a 49MW Solar Power Saur Energy Online Web Bureau Plant in Tamil Nadu Tata Power Renewable Energy 13 Jan 2017 commissions two projects in Andhra Odisha Diary Online Web Bureau Pradesh and Tamil Nadu Tata Power Renewable Energy 13 Jan 2017 Religare Online Online Web Bureau commissions 2 projects Tata completes 49MW solar project 13 Jan 2017 in India's Tamil Nadu under PV Tech Online Web Tom Kenning Welspun Tata Power arm TPREL 13 Jan 2017 commissions 2 projects in Andhra Zee Business Online Web PTI Pradesh, Tamil Nadu Tata Power commissions two 13 Jan 2017 Sakal Money Online Web Bureau projects; up by over 3%
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu
Tata Power Renewable Energy Ltd. 13 Jan 2017 commissions two projects in Andhra NRI News 24X7 Online Web Bureau Pradesh and Tamil Nadu Tata Power Renewable Energy Ltd. 13 Jan 2017 Commissions Two Projects in Newsdog Online Web Bureau Andhra Pradesh and Tamil Nadu Tata Power Renewable Energy Ltd. 13 Jan 2017 commissions two projects in Andhra Energyinfrapos Online Web Bureau Pradesh and Tamil Nadu Tata Power Renewable Energy Ltd. 13 Jan 2017 Commissions Two Projects in Business Sandesh Online Web Bureau Andhra Pradesh and Tamil Nadu Tata Power unit commissions 13 Jan 2017 projects in Andhra Pradesh, Tamil The Hans India Online Web PTI Nadu TPREL commissions wind and solar 13 Jan 2017 Projects Today Online Web Bureau plant in AP, TN Tata Power Renewable Energy The Economic Sarita C 12 Jan 2017 commissions 2 projects in Tamil Online Web Times Singh Nadu and Andhra Pradesh Capital goods, auto sector stocks 12 Jan 2017 Business Standard Online Web Bureau trade mixed
Tata Power Renewable Energy The Hindu 12 Jan 2017 Online Web V Rishi Kumar commissions two projects in AP, TN Business Line
Tata Power commissions two 12 Jan 2017 IIFL Online Web Bureau projects; up by over 3%
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu
Financial
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu
Publication: The Financial Express Edition: New Delhi Published Date: 13 Jan 2017 Page No.: 11 Display: 1/1
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu
Publication: The Financial Express Edition: Ahmedabad Published Date: 13 Jan 2017 Page No.: 11 Display: 1/1
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu
Publication: The Financial Express Edition: Hyderabad Published Date: 13 Jan 2017 Page No.: 11 Display: 1/1
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu
Publication: The Financial Express Edition: Mumbai Published Date: 13 Jan 2017 Page No.: 11 Display: 1/1
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: The Financial Express Edition: Bangalore Published Date: 13 Jan 2017 Page No.: 11 Display: 1/1
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: The Financial Express Edition: Chennai Published Date: 13 Jan 2017 Page No.: 11 Display: 1/1
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: The Hindu Business Line Edition: Ahmedabad Published Date: 13 Jan 2017 Page No.: 3 Display: 1/1
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: The Hindu Business Line Edition: Bangalore Published Date: 13 Jan 2017 Page No.: 3 Display: 1/1
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: The Hindu Business Line Edition: Chennai Published Date: 13 Jan 2017 Page No.: 3 Display: 1/1
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: The Hindu Business Line Edition: Hyderabad Published Date: 13 Jan 2017 Page No.: 3 Display: 1/1
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: The Hindu Business Line Edition: Kolkata Published Date: 13 Jan 2017 Page No.: 3 Display: 1/1
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: The Hindu Business Line Edition: Mumbai Published Date: 13 Jan 2017 Page No.: 3 Display: 1/1
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: The Hindu Business Line Edition: New Delhi Published Date: 13 Jan 2017 Page No.: 3 Display: 1/1
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: The Hindu Business Line Edition: Pune Published Date: 13 Jan 2017 Page No.: 3 Display: 1/1
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu
Mainlines
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: The Indian Express Edition: Ahmedabad Published Date: 13 Jan 2017 Page No.: 14 Display: 1/1
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: The Indian Express Edition: Kolkata Published Date: 13 Jan 2017 Page No.: 13 Display: 1/1
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: The Indian Express Edition: Lucknow Published Date: 13 Jan 2017 Page No.: 13 Display: 1/1
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: The Indian Express Edition: Mumbai Published Date: 13 Jan 2017 Page No.: 17 Display: 1/1
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: The Indian Express Edition: New Delhi Published Date: 13 Jan 2017 Page No.: 19 Display: 1/1
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: The Indian Express Edition: Pune Published Date: 13 Jan 2017 Page No.: 13 Display: 1/1
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: Afternoon Despatch Edition: Mumbai Published Date: 13 Jan 2017 Page No.: 24 Display: 1/1
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu
Regional
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: Eenadu Edition: Hyderabad Published Date: 13 Jan 2017 Page No.: 8 Display: 1/1
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu
Online
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: Business Standard Edition: Online Web Published Date: 13 Jan 2017 Page No.: Display: 1/1
Sensex, Nifty provisionally settle with small gains http://www.business-standard.com/article/news-cm/sensex-nifty-provisionally-settle-with-small-gains- 117011200668_1.html
The two key benchmark indices viz. the S&P BSE Sensex and the Nifty 50 index provisionally closed the session with small gains. The Sensex rose 102 points or 0.38% at 27,242.41, as per the provisional closing data. The Nifty advanced 27 points or 0.32% at 8,407.65, as per the provisional closing data. The BSE Mid-Cap index provisionally rose 0.2%. The BSE Small-Cap index provisionally fell 0.15%. Both these indices underperformed the Sensex.
Both the Sensex and the Nifty had witnessed a higher opening triggered by positive global cues and later traded in a range-bound fashion in positive terrain throughout the trading session.
The Sensex rose 138.52 points or 0.51% at the day's high of 27,278.93 in early trade, its highest level since 11 November 2016. It rose 26.28 points or 0.09% at the day's low of 27,166.69 in morning trade. The Nifty rose 36.55 points or 0.43% at the day's high of 8,417.20 in early trade, its highest level since 11 November 2016. It rose 1.65 points or 0.01% at the day's low of 8,382.30 in morning trade.
The market breadth, indicating the overall health of the market, was negative. On the BSE, 1,554 shares declined and 1,162 shares rose. A total of 176 shares were unchanged.
The total turnover on BSE amounted to Rs 2929.92 crore, lower than turnover of Rs 3662.68 crore registered during the previous trading session.
Shares of power generation and power distribution companies advanced on renewed buying. Power Grid Corporation of India (up 4.08%), Torrent Power (up 3.97%), Adani Power (up 3.84%), JSW Energy (up 1.86%), Reliance Power (up 1.8%), Reliance Infrastructure (up 0.59%) and Jaiprakash Power Ventures (up 0.48%) edged higher. CESC (down 0.41%) and GMR Infrastructure (down 0.31%) edged lower.
NHPC surged 9.12% after the company's board of directors approved payment of interim dividend of Rs 1.70 per share for the year ending 31 March 2017. The announcement was made during market hours today, 12 January 2017. The stock offered a dividend yield of 6.2% based on NHPC's closing price of Rs 27.40 on the BSE yesterday, 11 January 2017.
NTPC advanced 5.81% after the company signed a non-binding memorandum of understanding (MoU) with Rajasthan Rajya Vidyut Utpadan and Rajasthan Urja Vikas Nigam for take-over of Chhabra thermal power plant stage-I (4x 250 MW) and stage-II (2x660 MW) of Rajasthan Urja Vikas Nigam. The announcement was made during market hours today, 12 January 2017.
In a separate announcement made after market hours yesterday, 11 January 2017, NTPC said that the company's board of directors has accorded investment approval for Dulanga coal mining project having rated production capacity of 7 MTPA at an appraised estimated cost of Rs 1053.41 crore.
Tata Power Company rose 3.18% after the company said that its wholly owned subsidiary Tata Power Renewable Energy (TPREL) announced the commissioning of 36 megawatts (MW) wind capacity of a 100 MW wind farm (under construction) at Nimbagallu in
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Andhra Pradesh, and 49 MW solar plant at Kayathar, Tamil Nadu, under Welspun Renewable Energy (WREPL). With these, the operating renewable energy capacity of TPREL grows to 1,876 MW, comprising 841 MW wind, 915 MW solar, and 120 MW waste heat recovery capacity. In FY 2016, TPREL increased its operational capacity by 1,169 MW. The announcement was made during market hours today, 12 January 2017.
TPREL completed the acquisition of WREPL last year to become the largest renewable energy company in lndia. In 2016, TPREL has won 320 MW of solar bids, which are under development and will be commissioned in 2017. The company has also added 304 MW wind capacity in 2016, which are under development and construction in Gujarat, Andhra Pradesh, Madhya Pradesh and Karnataka.
Shares of state-run coal mining giant Coal India were down 1.06%.
Idea Cellular was down 3.28%. The company said it is proposing to issue unsecured redeemable non-convertible debentures (NCDs) amounting to Rs 500 crore on private placement basis. The deemed date of allotment of debentures is 17 January 2017 with a tenure of 5 years. The debentures offer interest at 7.77% per annum. The announcement was made during market hours today, 12 January 2017.
Finance Minister Arun Jaitley, in his address on the second day of vibrant Gujarat Global Investors Summit yesterday, 11 January 2017, on demonetization, said that difficult decisions initially pass through difficult phases as historic decisions have temporary pain attached to them.
Stressing the implementation of the Goods and Services Tax (GST), Jaitley said that most of the issues have been resolved, few critical issues are left which will be resolved in the next few weeks. He further added that GST Council is deliberative democracy in action and the impact of both GST and demonetization will be felt this year.
On the macro front, the government is scheduled to release the index of industrial production (IIP) data for November 2016 and the monthly inflation data based on consumer price index (CPI) for December 2016 at 17:30 IST today, 12 January 2017.
Overseas, European stocks edged lower after US President-elect Donald Trump accused pharmaceuticals of "getting away with murder" and recommitted to a "border tax" in the US. Asian stocks witnessed a mixed trend. US stocks registered modest gains yesterday, 11 January 2017, shrugging off a sharp decline in health care stocks following remarks made by President-elect Donald Trump.
Trump held his first press conference since winning the presidency yesterday, 11 January 2017, touching on many of the issues that will dominate the opening weeks of his presidency. Looming over the proceedings was a newly-published, and entirely unverified, dossier claiming the Russian government had collected compromising information on him.
The President-elect said Obamacare would be repealed and replaced on the same day and a Supreme Court justice would be chosen within two weeks of his inauguration. He also reaffirmed commitments to build a wall on the border with Mexico and said he would bring in a border tax for companies that chose to move operations offshore.
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: Business Standard Edition: Online Web Published Date: 13 Jan 2017 Page No.: Display: 1/1
Tata Power Company provides update on subsidiary - Tata Power Renewable Energy http://www.business-standard.com/article/news-cm/tata-power-company-provides-update-on-subsidiary-tata-power- renewable-energy-117011200813_1.html
TPREL commissions two projects in Andhra Pradesh and Tamil Nadu
Tata Power Company announced that its subsidiary, Tata Power Renewable Energy has commissioned 36 MW wind capacity of a 100 MW wind farm (under construction) at Nimbagallu in Andhra Pradesh and a 49 MW solar plant at Kayathar, Tamil Nadu, under Welspun Renewable Energy. With these, the operating renewable energy capacity of TPREL growth to 1876 MW comprising of 841 MW wind, 915 MW solar and 120 MW waster heat recovery capacity as on 12 January 2017. In FY 2016, Tata Power Renewable Energy increased its operational capacity by 1169 MW.
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: Business Standard Edition: Online Web Published Date: 13 Jan 2017 Page No.: Display: 1/1
Tata Power gains after subsidiary commissions renewable projects http://www.business-standard.com/article/news-cm/tata-power-gains-after-subsidiary-commissions-renewable-projects- 117011200482_1.html
Tata Power Company rose 1.86% to Rs 79.25 at 14:00 IST on BSE after the company said that its wholly owned subsidiary commissioned 36 MW wind capacity in Andhra Pradesh and 49 MW solar plant in Tamil Nadu
The announcement was made during market hours today, 12 January 2017. Meanwhile, the S&P BSE Sensex was up 92.57 points or 0.34% at 27,232.98.
On the BSE, 5.16 lakh shares were traded on the counter so far as against the average daily volumes of 3.25 lakh shares in the past one quarter. The stock had hit a high of Rs 79.80 and a low of Rs 77.05 so far during the day. The stock had hit a 52-week high of Rs 84.45 on 24 October 2016 and a 52-week low of Rs 55 on 12 February 2016.
The stock had underperformed the market over the past one month till 11 January 2017, declining 0.13% compared with the Sensex 1.47% gains. The scrip had also underperformed the market in past one quarter, falling 4.76% as against Sensex's 3.35% decline.
The large-cap company has equity capital of Rs 270.46 crore. Face value per share is Re 1.
Tata Power Company said that its wholly owned subsidiary Tata Power Renewable Energy (TPREL) announced the commissioning of 36 megawatts (MW) wind capacity of a 100 MW wind farm, which is under construction at Nimbagallu in Andhra Pradesh, and 49 MW solar plant at Kayathar, Tamil Nadu, under Welspun Renewable Energy (WREPL).
With these, the operating renewable energy capacity of TPREL grew to 1,876 MW, comprising 841 MW wind, 915 MW solar, and 120 MW waste heat recovery capacity. In FY 2016, TPREL increased its operational capacity by 1,169 MW.
TPREL completed the acquisition of WREPL last year to become the largest renewable energy company in lndia. In 2016, TPREL has won 320 MW of solar bids, which are under development and will be commissioned in 2017. The company has also added 304 MW wind capacity in 2016, which are under development and construction in Gujarat, Andhra Pradesh, Madhya Pradesh and Karnataka.
On a consolidated basis, Tata Power reported net profit of Rs 336.24 crore in Q2 September 2016, as against net loss of Rs 95.87 crore in Q2 September 2015. Net sales declined 5.6% to Rs 7190.54 crore in Q2 September 2016 over Q2 September 2015.
Tata Power is India's largest integrated power company with a growing international presence.
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Page 38 of 67
Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: Business Standard Edition: Online Web Published Date: 13 Jan 2017 Page No.: Display: 1/1
TPREL commissions 2 projects in Andhra Pradesh and Tamil Nadu http://www.business-standard.com/article/pti-stories/tprel-commissions-2-projects-in-andhra-pradesh-and-tamil-nadu- 117011200579_1.html
Tata Power arm TPREL today said it has commissioned 36 MW wind capacity of a 100 MW wind farm at Nimbagallu in Andhra Pradesh, and 49 MW solar plant Tamil Nadu's Kayathar town.
"With these, the operating renewable energy capacity of Tata Power Renewable Energy Ltd (TPREL) grows to 1,876 MW, comprising 841 MW wind, 915 MW solar, and 120 MW waste heat recovery capacity as of today," a company statement said.
According to it, In FY'16, Tata Power Renewable Energy Ltd increased its operational capacity by 1,169 MW. Last year the company completed the acquisition of Welspun Renewable Energy Pvt Ltd (WREPL) to become the largest renewable energy firm in India.
In 2016, TPREL won 320 MW of solar bids, which are under development and will be commissioned in 2017. The company also added 304 MW wind capacity last year, which are under development and construction in Gujarat, Andhra Pradesh, Madhya Pradesh and Karnataka.
TPREL CEO & Executive Director Rahul Shah, said, "With the commissioning of these 2 projects, TPREL continues to fortify its position of being the largest renewable energy company in the country.
"Our strategic approach is in line with Tata Power's aim to expand its clean energy portfolio up to 35-40 per cent by 2025... We continue to seek to grow our portfolio in India and in select international markets through organic and inorganic opportunities."
TPREL's strategy emphasises the development of clean energy generation from non-fossil fuel and renewable energy sources to balance the carbon emissions from fossil fuel-based generation capacity while contributing towards energy security of the country.
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Page 39 of 67
Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: The Telegraph Edition: Online Web Published Date: 13 Jan 2017 Page No.: Display: 1/1
Tata Power Renewable Energy Ltd. Commissions Two Projects in Andhra Pradesh and Tamil Nadu https://www.telegraphindia.com/pressrelease/nv/50614/tata-power-renewable-energy-ltd-commissions-two-projects- in.html
Tata Power Renewable Energy Ltd. (TPREL), India's largest renewable energy company and Tata Power's wholly-owned subsidiary, today announced the commissioning of 36 MW wind capacity of a 100 MW wind farm (under construction) at Nimbagallu in Andhra Pradesh and 49 MW solar plant at Kayathar, Tamil Nadu under Welspun Renewable Energy Private Limited (WREPL). With these, the operating renewable energy capacity of TPREL grows to 1,876 MW, comprising 841 MW wind, 915 MW solar and 120 MW waste heat recovery capacity as of today. In FY16, Tata Power Renewable Energy Ltd. increased its operational capacity by 1169 MW.
TPREL completed the acquisition of WREPL last year to become the largest Renewable Energy Company in India. In 2016, TPREL has won 320 MW of solar bids, which are under development and will be commissioned in 2017. The company has also added 304 MW wind capacity in 2016, which are under development and construction in Gujarat, Andhra Pradesh, Madhya Pradesh and Karnataka.
Speaking on this achievement, Mr. Rahul Shah, CEO & Executive Director, Tata Power Renewable Energy Limited, said, "With the commissioning of these 2 projects, TPREL continues to fortify its position of being the largest renewable energy company in the country. Our strategic approach is in line with Tata Power's aim to expand its clean energy portfolio up to 35-40% by 2025. We are extremely proud of this development and we continue to seek to grow our portfolio in India and in select international markets through organic and inorganic opportunities."
TPREL's strategy emphasizes the development of clean energy generation from non-fossil fuel and renewable energy sources to balance the carbon emissions from fossil fuel based generation capacity while contributing towards energy security of the country.
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Page 40 of 67
Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: Moneycontrol Edition: Online Web Published Date: 13 Jan 2017 Page No.: Display: 1/1
Tata Power Renewable Energy commissions two projects in Andhra Pradesh, Tamil Nadu http://www.moneycontrol.com/news/announcements/tata-power-renewable-energy-commissions-two-projectsandhra- pradesh-tamil-nadu_8255501.html
Tata Power?s subsidiary company Tata Power Renewable Energy has commissioned 36 MW wind capacity of a 100 MW wind farm at Nimbagallu in Andhra Pradesh and 49 MW solar plant at Kayathar, Tamil Nadu, under Welspun Renewable Energy. Tata Power Company Ltd has informed BSE regarding a Press Release dated January 12, 2017 titled "Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu".Source : BSE Back to Index
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: Moneycontrol Edition: Online Web Published Date: 13 Jan 2017 Page No.: Display: 1/1
Nifty gains for 3rd day; Trump views drag pharma, Infosys soars http://www.moneycontrol.com/news/local-markets/nifty-gains-for-3rd-day-trump-views-drag-pharma-infosys- soars_8257441.html
16:23
The market has ended on a strong note fuelled by big gains in IT and power stocks. The Sensex ended up 106.75 points or 0.4 percent at 27247.16 and the Nifty was up 26.55 points or 0.3 percent at 8407.20. About 1201 shares have advanced, 1560 shares declined, and 343 shares are unchanged.
Analysts are hoping that December quarter earnings will be healthy for the market. Abhay Laijawala of Deutsche Bank says based on a bottom-up aggregate of estimates, the Sensex is likely to post earnings growth of 15.4 percent YoY in the December 2016 quarter.
However, a significant chunk of earnings growth is attributable to commodity sectors and an exceptional loss in the base of ONGC, he adds. Within the Sensex, he expects sectors like energy, capital goods, telecom, pharma and utilities to post strong growth, while sectors like autos, banks and consumer to report negative earnings growth.'
Meanwhile global investors were disappointed as US President Elect Donald Trump, who takes office on January 20, did not elaborate on his planned growth policies, and instead took aim at targets that included pharmaceutical companies and US intelligence agencies.
Shares of pharma companies were under pressure following Trump's comments on drug pricing and foreign manufacturing. Trump said that the US will create new drug-bidding procedure. Shares of Sun Pharma , Dr Reddy's Labs and Cadila were down as major Indian pharma companies earn around 15-50 percent revenue from the US market.
Donald Trump on Wednesday said pharmaceutical companies are "getting away with murder" in what they charge the government for medicines, and promised that would change, sending drugs stocks sharply lower.
Infosys was up over 3 percent ahead of December quarter. The IT services exporter's third quarter earnings are expected to be subdued due to seasonal weakness and RBS's contract cancellation. All eyes are on its full year guidance that had been changed twice from the start of current financial year. Profit is seen falling 1 percent quarter-on-quarter to Rs 3,569 crore and dollar revenue is also likely to slip 1 percent to USD 2,560 million in the quarter ended December 2016, according to average of estimates of analysts polled by CNBC-TV18.
Page 42 of 67
Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Revenue in rupee terms during the quarter is expected to be flat Rs 17,313 crore against Rs 17,310 crore in previous quarter. Analysts will closely watch Infosys' full year revenue guidance as its revenue growth momentum has been lost when it saw the contract cancellation at RBS (that contributed 1.4 percent of revenue).
Tata Consultancy Services, the country's largest IT services provider, on Thursday said its third quarter (October-December) profit increased 2.9 percent sequentially to Rs 6,778 crore, driven by the strong digital business and great execution work. It touched USD 1 billion mark in profit for the first time.
Revenue during the quarter increased 1.5 percent to Rs 29,735 crore and dollar revenue growth was 0.3 percent at Rs 4,387 crore compared with previous quarter. Constant currency revenue growth for the quarter was at 2 percent with volume growth of 1 percent on sequential basis.
NTPC, Infosys, L&T, Cipla and Wipro were top gainers while Lupin, HUL, Coal India, Dr Reddy's Labs and ITC were losers in the Sensex.
14:00
Nifty ends above 8400, Sensex up over 100 pts; Infosys up 3%
Power stocks charged up today with the BSE Power index rising more than 3 percent. NTPC, Torrent Power, Power Grid, Tata Power, Adani Power, JSW Energy and Reliance Power rallied 2-5 percent.
Read More »
13:00
Sensex, Nifty consolidate; Capital Goods, IT indices rallyRead More »
NTPC, L&T, Infosys, ONGC and ICICI Bank are top gainers while Lupin, Dr Reddy's Labs, Coal India, Sun Pharma and BHEL are losers in the Sensex.
Read More »
12:00
Nifty hovers around 8400, Sensex firm; NTPC, Power Grid surgeRead More »
Benchmark indices maintained uptrend amid volatility in noon trade but broader markets continued to underperform. Banks, infra and select technology stocks gained while the selling continued in FMCG, healthcare and HDFC group stocks.
Read More »
11:00
Sensex, Nifty continue to rise; Coal India, Sun Pharma dragRead More »
Page 43 of 67
Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu
NTPC, Infosys, L&T, ONGC and ICICI Bank are top gainers while Coal Indiam Adani Ports, Sun Pharma, Dr Reddy's Labs and BHEL are losers in the Sensex.
Read More »
10:00
Sensex higher, Midcap corrects; pharma, FMCG, metals stocks slipRead More »
Benchmark indices gained for third consecutive session amid volatility, with the Nifty hovering around 8400 level. Technology, infra and private banks continued to support the market whereas pharma, FMCG and metals stocks were under pressure.
Read More »
09:15
Nifty hits 8400, Sensex in green; Infosys, TCS up ahead of Q3Read More »
Infosys, ONGC, Adani Ports, Tata Motors and Hero MotoCorp are top gainers while Dr Reddy's Labs, Sun Pharma, Lupin, Cipla and ITC are losers in the Sensex.
Read More »
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Page 44 of 67
Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: Udaipur Kiran Edition: Online Web Published Date: 13 Jan 2017 Page No.: Display: 1/1
Tata Power Renewable Energy Ltd. Commissions Two Projects in Andhra Pradesh and Tamil Nadu http://www.udaipurkiran.com/tata-power-renewable-energy-ltd-commissions-two-projects-in-andhra-pradesh-and-tamil- nadu/
Tata Power Renewable Energy Ltd. (TPREL), India's largest renewable energy company and Tata Power's wholly-owned subsidiary, today announced the commissioning of 36 MW wind capacity of a 100 MW wind farm (under construction) at Nimbagallu in Andhra Pradesh and 49 MW solar plant at Kayathar, Tamil Nadu under Welspun Renewable Energy Private Limited (WREPL). With these, the operating renewable energy capacity of TPREL grows to 1,876 MW,comprising 841 MW wind, 915 MW solar and 120 MW waste heat recovery capacity as of today. In FY16, Tata Power Renewable Energy Ltd. increased its operational capacity by 1169 MW.
TPREL completed the acquisition of WREPL last year to become the largest Renewable Energy Company in India. In 2016, TPREL has won 320 MW of solar bids, which are under development and will be commissioned in 2017. The company has also added 304 MW wind capacity in 2016, which are under development and construction in Gujarat, Andhra Pradesh, Madhya Pradesh and Karnataka.
Speaking on this achievement, Mr. Rahul Shah, CEO & Executive Director, Tata Power Renewable Energy Limited, said, "With the commissioning of these 2 projects, TPREL continues to fortify its position of being the largest renewable energy company in the country. Our strategic approach is in line with Tata Power's aim to expand its clean energy portfolio up to 35-40% by 2025. We are extremely proud of this development and we continue to seek to grow our portfolio in India and in select international markets through organic and inorganic opportunities."
TPREL's strategy emphasizes the development of clean energy generation from non-fossil fuel and renewable energy sources to balance the carbon emissions from fossil fuel based generation capacity while contributing towards energy security of the country.
Back to Index
Page 45 of 67
Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: India Blooms Edition: Online Web Published Date: 13 Jan 2017 Page No.: Display: 1/1
Tata Power Renewable Energy commissions two projects in Andhra Pradesh, Tamil Nadu http://www.indiablooms.com/ibns_new/finance-details/6297/tata-power-renewable-energy-commissions-two-projects-in- andhra-pradesh-tamil-nadu.html
Tata Power Renewable Energy Ltd (TPREL), a renewable energy company and Tata Power's wholly-owned subsidiary, on Thursday announced the commissioning of 36 MW wind capacity of a 100 MW wind farm (under construction) at Nimbagallu in Andhra Pradesh, and 49 MW solar plant at Kayathar, Tamil Nadu, under Welspun Renewable Energy Private Limited (WREPL).
With these, the operating renewable energy capacity of TPREL grows to 1,876 MW, comprising 841 MW wind, 915 MW solar, and 120 MW waste heat recovery capacity as of today. In FY16, Tata Power Renewable Energy Ltd increased its operational capacity by 1169 MW.
TPREL completed the acquisition of WREPL last year to become the largest Renewable Energy company in India. In 2016, TPREL has won 320 MW of solar bids, which are under development and will be commissioned in 2017.
The company has also added 304 MW wind capacity in 2016, which are under development and construction in Gujarat, Andhra Pradesh, Madhya Pradesh and Karnataka.
Speaking on this achievement, Rahul Shah, CEO & Executive Director, Tata Power Renewable Energy Limited, said, "With the commissioning of these 2 projects, TPREL continues to fortify its position of being the largest renewable energy company in the country. Our strategic approach is in line with Tata Power's aim to expand its clean energy portfolio up to 35-40% by 2025. We are extremely proud of this development and we continue to seek to grow our portfolio in India and in select international markets through organic and inorganic opportunities."
Back to Index
Page 46 of 67
Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: Greshma Edition: Online Web Published Date: 13 Jan 2017 Page No.: Display: 1/1
Capital goods, auto sector stocks trade mixed http://www.greshma.com/News/Hot-Pursuit/915228/Capital_goods,_auto_sector_stocks_trade_mixed
The two key benchmark indices viz. the S&P BSE Sensex and the Nifty 50 index traded with small gains in mid-afternoon trade. At 14:17 IST, the Sensex was up 76.32 points or 0.28% at 27,216.73. The Nifty was up 15.70 points or 0.19% at 8,396.35. The BSE Mid-Cap index was up 0.03%. The BSE Small-Cap index was down 0.15%. Both these indices underperformed the Sensex.
The market breadth, indicating the overall health of the market, was negative. On the BSE, 1,509 shares declined and 1,114 shares rose. A total of 147 shares were unchanged.
Overseas, European stocks edged lower after US President-elect Donald Trump accused pharmaceuticals of getting away with murder and recommitted to a border tax in the US. Asian stocks witnessed a mixed trend. US stocks registered modest gains yesterday, 11 January 2017, shrugging off a sharp decline in health care stocks following remarks made by President-elect Donald Trump.
Trump held his first press conference since winning the presidency yesterday, 11 January 2017, touching on many of the issues that will dominate the opening weeks of his presidency. Looming over the proceedings was a newly-published, and entirely unverified, dossier claiming the Russian government had collected compromising information on him.
The President-elect said Obamacare would be repealed and replaced "on the same day" and a Supreme Court justice would be chosen "within two weeks" of his inauguration. He also reaffirmed commitments to build a wall on the border with Mexico and said he would bring in a border tax for companies that chose to move operations offshore.
Back home, capital goods stocks were mixed. Crompton Greaves (up 4.34%), L&T (up 2.33%), Bharat Electronics (up 1.95%), Thermax (up 1.66%) and BEML (up 0.22%) edged higher. Praj Industries (down 1.7%), Bharat Heavy Electricals (down 1.2%), Havells India (down 0.97%), ABB India (down 0.56%) and Siemens (down 0.19%) edged lower.
Auto stocks also witnessed mixed trend. Ashok Leyland (down 1.58%), Eicher Motors (down 1.27%), Tata Motors (down 0.94%) and Mahindra & Mahindra (down 0.81%) edged lower. TVS Motor Company (up 1.27%), Maruti Suzuki India (up 0.34%), Hero MotoCorp (up 0.23%) and Bajaj Auto (up 0.2%) edged higher.
Dr Reddy's Laboratories (DRL) was down 1.59%. The company during market hours today, 12 January 2017 in its clarification on media reports that the United States Food and Drug Administration (USFDA) to re-audit three of the company's plants said that scheduling of audit by the USFDA is a usual activity in the normal course of pharmaceutical industries' business operations.
Tata Power Company rose 2.99% after the company said that its wholly owned subsidiary Tata Power Renewable Energy (TPREL) announced the commissioning of 36 megawatts (MW) wind capacity of a 100 MW wind farm (under construction) at Nimbagallu in Andhra Pradesh, and 49 MW solar plant at Kayathar, Tamil Nadu, under Welspun Renewable Energy (WREPL). With these, the operating renewable energy capacity of TPREL grows to 1,876 MW, comprising 841 MW wind, 915 MW solar, and 120 MW waste heat recovery capacity. In FY 2016, TPREL increased its operational capacity by 1,169 MW. The announcement was made during market hours today, 12 January 2017.
Page 47 of 67
Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu TPREL completed the acquisition of WREPL last year to become the largest renewable energy company in lndia. In 2016, TPREL has won 320 MW of solar bids, which are under development and will be commissioned in 2017. The company has also added 304 MW wind capacity in 2016, which are under development and construction in Gujarat, Andhra Pradesh, Madhya Pradesh and Karnataka.
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Page 48 of 67
Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: ET Energy Edition: Online Web Published Date: 13 Jan 2017 Page No.: Display: 1/1
Tata Power Renewable Energy commissions 2 projects in Tamil Nadu and Andhra Pradesh http://energy.economictimes.indiatimes.com/news/renewable/tata-power-renewable-energy-commissions-2-projects-in- tamil-nadu-and-andhra-pradesh/56499393
Tata Power Renewable Energy Ltd on Thursday announced commissioning of 36 mw wind power plant at Nimbagallu in Andhra Pradesh and 49 mw solar plant at Kayathar, Tamil Nadu.
The operating renewable energy capacity of the company, a unit of Tata Power, has reached 1,876 mw, comprising 841 mw of wind, 915 mw of solar, and 120 mw of waste heat recovery capacity. In FY16, Tata Power Renewable Energy Ltd increased its operational capacity by 1169 mw, the company said in a statement.
The commissioned capacity in Andhra Pradesh is part of an 100 mw wind farm at Nimbagallu and the 49-mw solar plant at Kayathar, Tamil Nadu is part of Welspun Renewable Energy Private Ltd that was acquired by Tata Power Renewable Energy last year.
In 2016, Tata Power Renewable Energy won 320 mw solar bids, which are under development and will be commissioned in 2017. The company has also added 304 mw wind capacity in 2016, which are under development and construction in Gujarat, Andhra Pradesh, Madhya Pradesh and Karnataka.
Back to Index
Page 49 of 67
Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: Saur Energy Edition: Online Web Published Date: 13 Jan 2017 Page No.: Display: 1/1
Tata Power Renewable Energy commissions a 49MW Solar Power Plant in Tamil Nadu http://www.saurenergy.com/news/tata-power-renewable-energy-commissions-49mw-solar-power-plant-tamil-nadu
A 49MW Solar Power Plant commissioned by Tata Power at Kayathar is ready for operation.Tata Power Renewable Energy Ltd has announced the commissioning of 49MW solar power plant at Kayathar, Tamil Nadu.
The operating renewable energy capacity of the company, a unit of Tata Power, has reached 1,876 mw, comprising 915MW of solar (841MW of wind and 120MW of waste heat recovery capacity). In FY16, Tata Power Renewable Energy Ltd increased its operational capacity by 1169MW, the company said in a statement.
The commissioned capacity of 49MW solar power plant at Kayathar, Tamil Nadu is part of Welspun Renewable Energy Private Ltd that was acquired by Tata Power Renewable Energy last year.
In 2016, Tata Power Renewable Energy won 320MW solar bids, which are under development and will be commissioned in 2017.
Back to Index
Page 50 of 67
Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: Odisha Diary Edition: Online Web Published Date: 13 Jan 2017 Page No.: Display: 1/1
Tata Power Renewable Energy commissions two projects in Andhra Pradesh and Tamil Nadu http://www.orissadiary.com/ShowBussinessNews.asp?id=71754
Tata Power Renewable Energy (TPREL), India's largest renewable energy company and Tata Power's wholly-owned subsidiary, today announced the commissioning of 36 MW wind capacity of a 100 MW wind farm (under construction) at Nimbagallu in Andhra Pradesh, and 49 MW solar plant at Kayathar, Tamil Nadu, under Welspun Renewable Energy Private (WREPL). With these, the operating renewable energy capacity of TPREL grows to 1,876 MW, comprising 841 MW wind, 915 MW solar and 120 MW waste heat recovery capacity as of today. In FY16, TPREL increased its operational capacity by 1,169 MW. TPREL completed the acquisition of WREPL last year to become the largest renewable energy company in India. In 2016, TPREL has won 320 MW of solar bids, which are under development and will be commissioned in 2017. The company has also added 304 MW wind capacity in 2016, which are under development and construction in Gujarat, Andhra Pradesh, Madhya Pradesh and Karnataka. Speaking on this achievement, Rahul Shah, CEO and ED, TPREL, said, "With the commissioning of these two projects, TPREL continues to fortify its position of being the largest renewable energy company in the country. Our strategic approach is in line with Tata Power's aim to expand its clean energy portfolio up to 35-40 percent by 2025. We are extremely proud of this development and we continue to seek to grow our portfolio in India and in select international markets through organic and inorganic opportunities." TPREL's strategy emphasises the development of clean energy generation from non-fossil fuel and renewable energy sources to balance the carbon emissions from fossil fuel based generation capacity while contributing towards energy security of the country. Back to Index
Page 51 of 67
Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: Religare Online Edition: Online Web Published Date: 13 Jan 2017 Page No.: Display: 1/1
Tata Power Renewable Energy commissions 2 projects http://www.religareonline.com/market/news/tata power renewable energy commissions 2 projects/712386/01-12- 2017/companynews
Tata Power said that its arm Tata Power Renewable Energy Ltd has commissioned 36 mw wind power plant at Nimbagallu in Andhra Pradesh and 49 mw solar plant at Kayathar Tamil Nadu.
"With these the operating renewable energy capacity of Tata Power Renewable Energy Ltd (TPREL) grows to 1876 MW comprising 841 MW wind 915 MW solar and 120 MW waste heat recovery capacity as of today" a company statement said.
According to it In FY'16 Tata Power Renewable Energy Ltd increased its operational capacity by 1169 MW. Last year the company completed the acquisition of Welspun Renewable Energy Pvt Ltd (WREPL) to become the largest renewable energy firm in India.
In 2016 TPREL won 320 MW of solar bids which are under development and will be commissioned in 2017. The company also added 304 MW wind capacity last year which are under development and construction in Gujarat Andhra Pradesh Madhya Pradesh and Karnataka.
TPREL CEO & Executive Director Rahul Shah said "With the commissioning of these 2 projects TPREL continues to fortify its position of being the largest renewable energy company in the country.
"Our strategic approach is in line with Tata Power's aim to expand its clean energy portfolio up to 35-40 per cent by 2025... We continue to seek to grow our portfolio in India and in select international markets through organic and inorganic opportunities."
TPREL's strategy emphasises the development of clean energy generation from non-fossil fuel and renewable energy sources to balance the carbon emissions from fossil fuel-based generation capacity while contributing towards energy security of the country.
Back to Index
Page 52 of 67
Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: PV Tech Edition: Online Web Published Date: 13 Jan 2017 Page No.: Display: 1/1
Tata completes 49MW solar project in India's Tamil Nadu under Welspun http://www.pv-tech.org/news/tata-completes-49mw-solar-project-in-indias-tamil-nadu-under-welspun
Tata Power Renewable Energy (TPREL), a wholly-owned subsidiary of Indian firm Tata Power, has commissioned a 49MW solar plant at Kayathar, Tamil Nadu, under Welspun Renewable Energy Private Limited (WREPL).
Tata Power acquired WREPL in September last year to become the largest renewables firm in India, it claims.
Tata has also commissioned 36MW of a 100MW wind farm that is still under construction at Nimbagallu in the state of Andhra Pradesh.
TPREL now has a 1,876MW renewables portfolio comprising 915MW of solar and 841MW of wind, alongside 120MW of waste heat recovery capacity, having added 1,169MW operational capacity in FY2016.
Last year, Tata won 320MW of solar bids, which are under development and will be commissioned in 2017.
Rahul Shah, chief executive and executive director, TPREL, said: "Our strategic approach is in line with Tata Power's aim to expand its clean energy portfolio up to 35-40% by 2025. We are extremely proud of this development and we continue to seek to grow our portfolio in India and in select international markets through organic and inorganic opportunities."
In a previous interview with PV Tech, Mercom Capital Group chief executive and co-founder Raj Prabhu, discussed the Tata/Welpun acquisition in detail.
Back to Index
Page 53 of 67
Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: Zee Business Edition: Online Web Published Date: 13 Jan 2017 Page No.: Display: 1/1
Tata Power arm TPREL commissions 2 projects in Andhra Pradesh, Tamil Nadu http://www.zeebiz.com/companies/news-tata-power-arm-tprel-commissions-2-projects-in-andhra-pradesh-tamil-nadu- 10664
Tata Power arm TPREL on Thursday said it has commissioned 36 megawatts (MW) wind capacity of a 100 MW wind farm at Nimbagallu in Andhra Pradesh, and 49 MW solar plant Tamil Nadu's Kayathar town.
"With these, the operating renewable energy capacity of Tata Power Renewable Energy Ltd (TPREL) grows to 1,876 MW, comprising 841 MW wind, 915 MW solar, and 120 MW waste heat recovery capacity as of today," a company statement said.
According to the statement, in FY16, Tata Power Renewable Energy increased its operational capacity by 1,169 MW. Last year, the company completed the acquisition of Welspun Renewable Energy Pvt Ltd (WREPL) to become the largest renewable energy firm in India.
In 2016, TPREL won 320 MW of solar bids, which are under development and will be commissioned in 2017. The company also added 304 MW wind capacity last year, which are under development and construction in Gujarat, Andhra Pradesh, Madhya Pradesh and Karnataka.
TPREL CEO and Executive Director Rahul Shah, said, "With the commissioning of these two projects, TPREL continues to fortify its position of being the largest renewable energy company in the country."
"Our strategic approach is in line with Tata Power's aim to expand its clean energy portfolio up to 35-40% by 2025... We continue to seek to grow our portfolio in India and in select international markets through organic and inorganic opportunities."
TPREL's strategy emphasises the development of clean energy generation from non-fossil fuel and renewable energy sources to balance the carbon emissions from fossil fuel-based generation capacity while contributing towards energy security of the country.
On Thursday, the stock of Tata Power closed up 2.53% or Rs 1.95 at Rs 79.00 on the BSE.
Back to Index
Page 54 of 67
Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: Sakal Money Edition: Online Web Published Date: 13 Jan 2017 Page No.: Display: 1/1
Tata Power commissions two projects; up by over 3% http://www.sakalmoney.com/content/news/live-market-commentry/tata-power-commissions-two-projects-up-by-over-3/
Tata Power Renewable Energy, India's largest renewable energy company and a wholly owned subsidiary of Tata Power has commissioned 36 MV wind capacity of 100 MW wind farm in Andhra Pradesh and a 49 MW solar park in Tamil Nadu.
The stock of the company is having a fruitful day on the Street as it is up by over 3%. In the last one year it has given a return of 19.03%.The stock is trading with a P/E of 26.78. In the last three years on an annualised basis, the stock has fallen by 0.30%. During the same period the Mid-cap index has given a return of 24.18%.
ICICI Prudential, SBI and Reliance Mutual Fund are the top three fund houses which have made heavy investments in the stock of the company.
Apart from these three fund houses, seven more have invested in the stock of the company.
Back to Index
Page 55 of 67
Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: NRI News 24X7 Edition: Online Web Published Date: 13 Jan 2017 Page No.: Display: 1/1
Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu http://nrinews24x7.com/tata-power-renewable-energy-ltd-commissions-two-projects-in-andhra-pradesh-and-tamil-nadu/
Tata Power Renewable Energy Ltd (TPREL), India's largest renewable energy company and Tata Power's wholly-owned subsidiary, today announced the commissioning of 36 MW wind capacity of a 100 MW wind farm (under construction) at Nimbagallu in Andhra Pradesh, and 49 MW solar plant at Kayathar, Tamil Nadu, under Welspun Renewable Energy Private Limited (WREPL). With these, the operating renewable energy capacity of TPREL grows to 1,876 MW, comprising 841 MW wind, 915 MW solar, and 120 MW waste heat recovery capacity as of today. In FY16, Tata Power Renewable Energy Ltd increased its operational capacity by 1169 MW.
TPREL completed the acquisition of WREPL last year to become the largest Renewable Energy company in India. In 2016, TPREL has won 320 MW of solar bids, which are under development and will be commissioned in 2017. The company has also added 304 MWwind capacity in 2016, which are under development and construction in Gujarat, Andhra Pradesh, Madhya Pradesh and Karnataka.
Speaking on this achievement, Mr. Rahul Shah, CEO & Executive Director, Tata Power Renewable Energy Limited, said, "With the commissioning of these 2 projects, TPREL continues to fortify its position of being the largest renewable energy company in the country. Our strategic approach is in line with Tata Power's aim to expand its clean energy portfolio up to 35-40% by 2025. We are extremely proud of this development and we continue to seek to grow our portfolio in India and in select international markets through organic and inorganic opportunities."
TPREL's strategy emphasizes the development of clean energy generation from non-fossil fuel and renewable energy sources to balance the carbon emissions from fossil fuel based generation capacity while contributing towards energy security of the country.
Back to Index
Page 56 of 67
Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: Newsdog Edition: Online Web Published Date: 13 Jan 2017 Page No.: Display: 1/1
Tata Power Renewable Energy Ltd. Commissions Two Projects in Andhra Pradesh and Tamil Nadu http://newsdog.today/a/article/58774b0b1290716e1e637047/
Tata Power Renewable Energy Ltd. (TPREL), India's largest renewable energy company and Tata Power's wholly-owned subsidiary, today announced the commissioning of 36 MW wind capacity of a 100 MW wind farm (under construction) at Nimbagallu in Andhra Pradesh and 49 MW solar plant at Kayathar, Tamil Nadu under Welspun Renewable Energy Private Limited (WREPL). With these, the operating renewable energy capacity of TPREL grows to1,876 MW, comprising 841 MW wind, 915 MW solar and 120 MW waste heat recovery capacity as of today. In FY16, Tata Power Renewable Energy Ltd. increased its operational capacity by 1169 MW.
TPREL completed the acquisition of WREPL last year to become the largest Renewable Energy Company in India. In 2016, TPREL has won 320 MW of solar bids, which are under development and will be commissioned in 2017. The company has also added304 MW wind capacity in 2016, which are under development and construction inGujarat, Andhra Pradesh, Madhya Pradesh and Karnataka.
Speaking on this achievement, Mr. Rahul Shah, CEO & Executive Director, Tata Power Renewable Energy Limited, said, "With the commissioning of these 2 projects, TPREL continues to fortify its position of being the largest renewable energy company in the country. Our strategic approach is in line with Tata Power's aim to expand its clean energy portfolio up to 35-40% by 2025. We are extremely proud of this development and we continue to seek to grow our portfolio in India and in select international markets through organic and inorganic opportunities."
TPREL's strategy emphasizes the development of clean energy generation from non-fossil fuel and renewable energy sources to balance the carbon emissions from fossil fuel based generation capacity while contributing towards energy security of the country.
Back to Index
Page 57 of 67
Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: Energyinfrapos Edition: Online Web Published Date: 13 Jan 2017 Page No.: Display: 1/1
Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu http://energyinfrapost.com/tata-power-renewable-energy-ltd-commissions-two-projects-andhra-pradesh-tamil-nadu/
Tata Power's wholly-owned subsidiary-Tata Power Renewable Energy Ltd (TPREL) and India's largest renewable energy company has announced the commissioning of 36 MW wind capacity of a 100 MW wind farm (under construction) at Nimbagallu in Andhra Pradesh, and 49 MW solar plant at Kayathar, Tamil Nadu, under Welspun Renewable Energy Private Limited (WREPL).
With these, the operating renewable energy capacity of TPREL grows to 1,876 MW, comprising 841 MW wind, 915 MW solar, and 120 MW waste heat recovery capacity as of today. In FY16, Tata Power Renewable Energy Ltd increased its operational capacity by 1169 MW.
TPREL completed the acquisition of WREPL last year to become the largest Renewable Energy company in India. In 2016, TPREL has won 320 MW of solar bids, which are under development and will be commissioned in 2017. The company has also added 304 MW wind capacity in 2016, which are under development and construction in Gujarat, Andhra Pradesh, Madhya Pradesh and Karnataka.
"With the commissioning of these 2 projects, TPREL continues to fortify its position of being the largest renewable energy company in the country. Our strategic approach is in line with Tata Power's aim to expand its clean energy portfolio up to 35-40% by 2025," said Rahul Shah, CEO & Executive Director, Tata Power Renewable Energy Limited.
"We are extremely proud of this development and we continue to seek to grow our portfolio in India and in select international markets through organic and inorganic opportunities,"he added.
TPREL's strategy emphasizes the development of clean energy generation from non-fossil fuel and renewable energy sources to balance the carbon emissions from fossil fuel based generation capacity while contributing towards energy security of the country.
Back to Index
Page 58 of 67
Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: Business Sandesh Edition: Online Web Published Date: 13 Jan 2017 Page No.: Display: 1/1
Tata Power Renewable Energy Ltd. Commissions Two Projects in Andhra Pradesh and Tamil Nadu http://www.businesssandesh.in/tata-power-renewable-energy-ltd-commissions-two-projects-in-andhra-pradesh-and-tamil- nadu/
Tata Power Renewable Energy Ltd. (TPREL), India's largest renewable energy company and Tata Power's wholly-owned subsidiary, today announced the commissioning of 36 MW wind capacity of a 100 MW wind farm (under construction) at Nimbagallu in Andhra Pradesh and 49 MW solar plant at Kayathar, Tamil Nadu under Welspun Renewable Energy Private Limited (WREPL). With these, the operating renewable energy capacity of TPREL grows to 1,876 MW, comprising 841 MW wind, 915 MWsolar and 120 MW waste heat recovery capacity as of today. In FY16, Tata Power Renewable Energy Ltd. increased its operational capacity by 1169 MW.
TPREL completed the acquisition of WREPL last year to become the largest Renewable Energy Company in India. In 2016, TPREL has won 320 MW of solar bids, which are under development and will be commissioned in 2017. The company has also added 304 MW wind capacity in 2016, which are under development and construction in Gujarat, Andhra Pradesh, Madhya Pradesh and Karnataka.
Speaking on this achievement, Mr. Rahul Shah, CEO & Executive Director, Tata Power Renewable Energy Limited, said, "With the commissioning of these 2 projects, TPREL continues to fortify its position of being the largest renewable energy company in the country. Our strategic approach is in line with Tata Power's aim to expand its clean energy portfolio up to 35-40% by 2025. We are extremely proud of this development and we continue to seek to grow our portfolio in India and in select international markets through organic and inorganic opportunities."
TPREL's strategy emphasizes the development of clean energy generation from non-fossil fuel and renewable energy sources to balance the carbon emissions from fossil fuel based generation capacity while contributing towards energy security of the country.
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: The Hans India Edition: Online Web Published Date: 13 Jan 2017 Page No.: Display: 1/1
Tata Power unit commissions projects in Andhra Pradesh, Tamil Nadu http://www.thehansindia.com/posts/index/Andhra-Pradesh/2017-01-12/Tata-Power-unit-commissions-projects-in-Andhra- Pradesh-Tamil-Nadu/273390
Tata Power arm TPREL on Thursday said it has commissioned 36 megawatts (MW) wind capacity of a 100 MW wind farm at Nimbagallu in Andhra Pradesh, and 49 MW solar plant Tamil Nadu's Kayathar town.
"With these, the operating renewable energy capacity of Tata Power Renewable Energy Ltd (TPREL) grows to 1,876 MW, comprising 841 MW wind, 915 MW solar, and 120 MW waste heat recovery capacity as of today," a company statement said. According to the statement, in FY16, Tata Power Renewable Energy increased its operational capacity by 1,169 MW. Last year, the company completed the acquisition of Welspun Renewable Energy Pvt Ltd (WREPL) to become the largest renewable energy firm in India. In 2016, TPREL won 320 MW of solar bids, which are under development and will be commissioned in 2017. The company also added 304 MW wind capacity last year, which are under development and construction in Gujarat, Andhra Pradesh, Madhya Pradesh and Karnataka. TPREL CEO and Executive Director Rahul Shah, said, "With the commissioning of these two projects, TPREL continues to fortify its position of being the largest renewable energy company in the country." "Our strategic approach is in line with Tata Power's aim to expand its clean energy portfolio up to 35-40% by 2025... We continue to seek to grow our portfolio in India and in select international markets through organic and inorganic opportunities." TPREL's strategy emphasises the development of clean energy generation from non-fossil fuel and renewable energy sources to balance the carbon emissions from fossil fuel-based generation capacity while contributing towards energy security of the country. On Thursday, the stock of Tata Power closed up 2.53% or Rs 1.95 at Rs 79.00 on the BSE.
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: Projects Today Edition: Online Web Published Date: 13 Jan 2017 Page No.: Display: 1/1
TPREL commissions wind and solar plant in AP, TN http://www.projectstoday.com/News/TPREL-commissions-wind-and-solar-plant-in-AP-TN
Tata Power's arm, Tata Power Renewable Energy (TPREL), has commissioned two projects in Andhra Pradesh and Tamil Nadu.These include:1. 36 MW wind capacity of a 100 MW wind farm which is under construction at Nimbagallu in Andhra Pradesh.2. 49 MW solar plant at Kayathar, Tamil Nadu, under Welspun Renewable Energy (WREPL).The operating renewable energy capacity of TPREL has now increased to 1,876 MW.
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: The Economic Times Edition: Online Web Published Date: 12 Jan 2017 Page No.: Display: 1/1
Tata Power Renewable Energy commissions 2 projects in Tamil Nadu and Andhra Pradesh http://economictimes.indiatimes.com/industry/energy/power/tata-power-renewable-energy-commissions-2-projects-in- tamil-nadu-and-andhra-pradesh/articleshow/56496597.cms
Tata Power Renewable Energy Ltd on Thursday announced commissioning of 36 mw wind power plant at Nimbagallu in Andhra Pradesh and 49 mw solar plant at Kayathar, Tamil Nadu.
The operating renewable energy capacity of the company, a unit of Tata Power, has reached 1,876 mw, comprising 841 mw of wind, 915 mw of solar, and 120 mw of waste heat recovery capacity. In FY16, Tata Power Renewable Energy Ltd increased its operational capacity by 1169 mw, the company said in a statement.
The commissioned capacity in Andhra Pradesh is part of an 100 mw wind farm at Nimbagallu and the 49-mw solar plant at Kayathar, Tamil Nadu is part of Welspun Renewable Energy Private Ltd that was acquired by Tata Power Renewable Energy last year.
In 2016, Tata Power Renewable Energy won 320 mw solar bids, which are under development and will be commissioned in 2017. The company has also added 304 mw wind capacity in 2016, which are under development and construction in Gujarat, Andhra Pradesh, Madhya Pradesh and Karnataka.
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: Business Standard Edition: Online Web Published Date: 12 Jan 2017 Page No.: Display: 1/1
Capital goods, auto sector stocks trade mixed http://www.business-standard.com/article/news-cm/capital-goods-auto-sector-stocks-trade-mixed-117011200493_1.html
The two key benchmark indices viz. the S&P BSE Sensex and the Nifty 50 index traded with small gains in mid-afternoon trade. At 14:17 IST, the Sensex was up 76.32 points or 0.28% at 27,216.73. The Nifty was up 15.70 points or 0.19% at 8,396.35. The BSE Mid-Cap index was up 0.03%. The BSE Small-Cap index was down 0.15%. Both these indices underperformed the Sensex.
The market breadth, indicating the overall health of the market, was negative. On the BSE, 1,509 shares declined and 1,114 shares rose. A total of 147 shares were unchanged.
Overseas, European stocks edged lower after US President-elect Donald Trump accused pharmaceuticals of "getting away with murder" and recommitted to a "border tax" in the US. Asian stocks witnessed a mixed trend. US stocks registered modest gains yesterday, 11 January 2017, shrugging off a sharp decline in health care stocks following remarks made by President-elect Donald Trump.
Trump held his first press conference since winning the presidency yesterday, 11 January 2017, touching on many of the issues that will dominate the opening weeks of his presidency. Looming over the proceedings was a newly-published, and entirely unverified, dossier claiming the Russian government had collected compromising information on him.
The President-elect said Obamacare would be repealed and replaced on the same day and a Supreme Court justice would be chosen within two weeks of his inauguration. He also reaffirmed commitments to build a wall on the border with Mexico and said he would bring in a border tax for companies that chose to move operations offshore.
Back home, capital goods stocks were mixed. Crompton Greaves (up 4.34%), L&T (up 2.33%), Bharat Electronics (up 1.95%), Thermax (up 1.66%) and BEML (up 0.22%) edged higher. Praj Industries (down 1.7%), Bharat Heavy Electricals (down 1.2%), Havells India (down 0.97%), ABB India (down 0.56%) and Siemens (down 0.19%) edged lower.
Auto stocks also witnessed mixed trend. Ashok Leyland (down 1.58%), Eicher Motors (down 1.27%), Tata Motors (down 0.94%) and Mahindra & Mahindra (down 0.81%) edged lower. TVS Motor Company (up 1.27%), Maruti Suzuki India (up 0.34%), Hero MotoCorp (up 0.23%) and Bajaj Auto (up 0.2%) edged higher.
Dr Reddy's Laboratories (DRL) was down 1.59%. The company during market hours today, 12 January 2017 in its clarification on media reports that the United States Food and Drug Administration (USFDA) to re-audit three of the company's plants said that scheduling of audit by the USFDA is a usual activity in the normal course of pharmaceutical industries' business operations.
Tata Power Company rose 2.99% after the company said that its wholly owned subsidiary Tata Power Renewable Energy (TPREL) announced the commissioning of 36 megawatts (MW) wind capacity of a 100 MW wind farm (under construction) at Nimbagallu in Andhra Pradesh, and 49 MW solar plant at Kayathar, Tamil Nadu, under Welspun Renewable Energy (WREPL). With these, the operating renewable energy capacity of TPREL grows to 1,876 MW, comprising 841 MW wind, 915 MW solar, and 120 MW waste heat recovery capacity. In FY 2016, TPREL increased its operational capacity by 1,169 MW. The announcement was made during market hours today, 12 January 2017.
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu TPREL completed the acquisition of WREPL last year to become the largest renewable energy company in lndia. In 2016, TPREL has won 320 MW of solar bids, which are under development and will be commissioned in 2017. The company has also added 304 MW wind capacity in 2016, which are under development and construction in Gujarat, Andhra Pradesh, Madhya Pradesh and Karnataka.
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Page 64 of 67
Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: The Hindu Business Line Edition: Online Web Published Date: 12 Jan 2017 Page No.: Display: 1/1
Tata Power Renewable Energy commissions two projects in AP, TN http://www.thehindubusinessline.com/companies/tata-power-renewable-energy-commissions-two-projects-in-ap- tn/article9474708.ece
Tata Power Renewable Energy Ltd (TPREL), Tata Power's wholly-owned subsidiary, has commissioned 36 MW wind capacity of a 100 MW wind farm (under construction) at Nimbagallu in Andhra Pradesh, and a 49 MW solar plant at Kayathar, Tamil Nadu, under Welspun Renewable Energy Pvt Ltd (WREPL).
With these, the operating renewable energy capacity of TPREL goes up to 1,876 MW, comprising 841 MW wind, 915 MW solar, and 120 MW waste heat recovery capacity as of today.
In FY16, Tata Power Renewable Energy increased its operational capacity by 1169 MW.
TPREL completed the acquisition of WREPL last year to become the largest renewable energy company in India.
In 2016, TPREL won 320 MW of solar bids, which are under development and will be commissioned in 2017.
The company has also added 304 MW wind capacity in 2016, which are under development and construction in Gujarat, Andhra Pradesh, Madhya Pradesh and Karnataka.
Rahul Shah, CEO & Executive Director, Tata Power Renewable Energy Ltd, said, "With the commissioning of these two projects, TPREL continues to fortify its position of being the largest renewable energy company in the country. Our strategic approach is in line with Tata Power's aim to expand its clean energy portfolio up to 35-40 per cent by 2025. We continue to seek to grow our portfolio in India and in select international markets through organic and inorganic opportunities."
TPREL's strategy emphasises the development of clean energy generation from non-fossil fuel and renewable energy sources to balance the carbon emissions from fossil-fuel-based generation capacity while contributing towards the energy security of the country.
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Page 65 of 67
Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu Publication: IIFL Edition: Online Web Published Date: 12 Jan 2017 Page No.: Display: 1/1
Tata Power commissions two projects; up by over 3% http://www.indiainfoline.com/article/news-top-story/tata-power-tata-power-commissions-two-projects-up-by-over-3- 117011200300_1.html
Tata Power Renewable Energy, India's largest renewable energy company and a wholly owned subsidiary of Tata Power has commissioned 36 MV wind capacity of 100 MW wind farm in Andhra Pradesh and a 49 MW solar park in Tamil Nadu.
The stock of the company is having a fruitful day on the Street as it is up by over 3%. In the last one year it has given a return of 19.03%.The stock is trading with a P/E of 26.78. In the last three years on an annualised basis, the stock has fallen by 0.30%. During the same period the Mid-cap index has given a return of 24.18%.
ICICI Prudential, SBI and Reliance Mutual Fund are the top three fund houses which have made heavy investments in the stock of the company.
Apart from these three fund houses, seven more have invested in the stock of the company.
Stock view:-
Tata Power Company Ltd is currently trading at Rs 79.35, up by Rs 2.3 or 2.99% from its previous closing of Rs 77.05 on the BSE.
The scrip opened at Rs 77.05 and has touched a high and low of Rs 79.8 and Rs 77.05 respectively. So far 6896139(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 20840.28 crore.
The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 84.45 on 24-Oct-2016 and a 52 week low of Rs 55 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 77.9 and Rs 75.9 respectively.
The promoters holding in the company stood at 33.02 % while Institutions and Non-Institutions held 50.53 % and 16.45 % respectively.
The stock is currently trading above its 100 DMA.
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Impact Report Tata Power Renewable Energy Ltd. commissions two projects in Andhra Pradesh and Tamil Nadu
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