June 24, 2017 3:01 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of Tata Power Renewable Energy Limited

Company Overview

Tata Power Renewable Energy Limited generates and sells renewable electricity in India. The company generates electricity through wind and solar sources. As of February 23, 2017 it had 1,899 MW of renewable assets that include 847 MW wind and 932 MW of solar assets; and 120 MW of waste heat recovery located in the states of Maharashtra, Gujarat, Madhya Pradesh, and Rajasthan. The company was incorporated in 2007 and is based in Mumbai, India. Tata Power Renewable Energy Limited is a subsidiary of The Tata Power Company Limited.

Bombay House

24, Homi Mody Street

Mumbai,  400001

India

Founded in 2007

Phone:

91 22 6665 8282

Fax:

91 22 6665 8801

Key Executives for Tata Power Renewable Energy Limited

Chief Executive Officer
Age: 52
Chief Financial Officer
Company Secretary
Compensation as of Fiscal Year 2016.

Tata Power Renewable Energy Limited Key Developments

Tata Power Renewable Energy Limited Announces Issuance of Guaranteed, Unsecured, Non-Cumulative, Redeemable, Taxable, Listed, Rated Non-Convertible Debentures of INR 5,000 Million on Private Placement Basis

Tata Power Renewable Energy Limited announced that the company has successfully issued and allotted guaranteed, unsecured, non-cumulative, redeemable, taxable, listed, rated non-convertible debentures of INR 5,000 million on private placement basis.

Tata Power Renewable Energy Ltd. Synchronizes 15 MW Solar Plant in Telangana

Tata Power Renewable Energy Limited announced the synchronization of its 15 MW solar plant at Belampally in Telangana, thereby starting its commercial operations. the project had been won by TPREL in the Phase 1 bidding process in Telangana, and its commissioning is in keeping with the conditions and timelines in the PPA. With this development, Tata Power's total installed operating capacity crossed 10,500 MW mark. The solar plant has been built over 80 acres of land, and includes an 18 km transmission line. Sale of power from solar plant has been tied up under a 25 year Power Purchase Agreement with the Northern Power Distribution Company of Telangana Ltd. at a tariff of INR 5.72.

Tata Power Renewable Energy Limited Announces Earnings Results for the Third Quarter of Fiscal Year 2017

Tata Power Renewable Energy Limited announced earnings results for the third quarter of fiscal year 2017. For the third quarter, the company's operating income was INR 710 million against INR 560 million for the same period last year. EBITDA was INR 880 million against INR 515 million for the same period last year. PAT was INR 138 million against LAT of INR 18 million for the same period last year.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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