Chamundeshwari Electricity Supply Corporation’s (CESC) proposal to hike power tariff was criticised by stakeholders who urged the power utility to improve its efficiency instead of demanding tariff revision
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.