Tata Power Q3 results: Net profit up 22% to Rs 318 cr on debt reduction
Tata Power s revenue rose 7.5 per cent to Rs 7,598 crore during the December quarter.
BusinessToday.In | February 4, 2021 | Updated 20:35 IST
During the quarter, Tata Power Solar booked 153 MW of solar/hybrid bids and the company s solar EPC order book stood at Rs 10,608 crore.
Tata Power on Thursday reported 22 per cent year-on-year increase in consolidated net profit for October-December quarter at Rs 318 crore on debt reduction, better performance of Mundra plant and steady operational performance across all businesses.
The company s revenue rose 7.5 per cent to Rs 7,598 crore during the December quarter. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 1 per cent to Rs 1,997 crore from Rs 1,970 crore in the year-ago quarter.
The company has expanded its consumer base to 95 lakh from the present base of 52 lakh.
Tata Power takes over power distribution in western, southern Odisha ANI | Updated: Jan 08, 2021 13:25 IST
As per order issued by the Odisha Electricity Regulatory Commission (OERC), Tata Power holds 51 per cent of equity with management control and the state-owned Grid Corporation of Odisha (GRIDCO) will have the remaining 49 per cent.
TPWODL will be responsible for the distribution and retail supply of electricity in five circles of WESCO covering 20 lakh consumers with annual input energy of 7,520 million units in areas of Rourkela, Burla, Bhawanipatna, Bolangir and Bargargh.
Tata Power takes over power distribution in western, southern Odisha
By IANS |
Published on
Thu, Jan 7 2021 19:27 IST |
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Tata Power on Thursday announced that it has taken over the management and operations of Odisha s power distribution utilities WESCO and SOUTHCO upon completion of the sale process.. Image Source: IANS News
New Delhi, Jan 7 : Tata Power on Thursday announced that it has taken over the management and operations of Odisha s power distribution utilities WESCO and SOUTHCO upon completion of the sale process.
With this, WESCO and SOUTHCO will operate under the company name as TP Western Odisha Distribution Ltd (TPWODL) and TP Southern Odisha Distribution Ltd (TPSODL) respectively.