In an unexpected blow to Adani Power and Tata Power, with respect to their power projects at Mundra, the Supreme Court set aside the appeal for compensatory tariff filed by the companies with the Appellate Tribunal for Electricity (APTEL).
Even as the Tata Power board meets in Mumbai on Friday to elect a new interim chairman, Nawshir H Mirza, an independent director on the board, has said the Tata trusts should immediately reform themselves by drawing a new code of governance, making them
Close to two years since the deal was announced, various financial liabilities, statutory liabilities and contractor claims have forced Tata Power Company Ltd to revise the deal value for its 30 per cent stake sale in PT Arutmin, Indonesia and related
Tata Power has convened an extraordinary general meeting on December 26 to remove Cyrus P. Mistry as director of the company. The decision for the EGM was taken at the company’s board meeting on Tuesday.
Tata Sons asked Tata Power to call an extraordinary general meeting (EGM) of shareholders to consider removing Cyrus Mistry as director of the company, in a move to tighten its grip over the group, said Tata Power in a regulatory filing.
Prominent chartered accountant Nawshir H Mirza is known for his involvement in corporate governance. Mirza, who has been a speaker on the topic at conferences across the world for years, is among the 12 directors on the board of Tata Power.
Tata veteran and former managing director of Tata Power, Prasad Menon, who last served as chairman of Air Vistara, an airline venture with Singapore Airlines, has been brought in to help Tata put the new management structure in place for Interim
Tata Power’s wholly-owned subsidiary Tata Power International Pte Ltd and ICICI Venture on Friday announced the creation of a platform company to facilitate investment in power projects in India in two-three years, which are in advanced stages and
Even as Defence Minister Manohar Parrikar, currently on a three-day visit to the US, assured American and Indian industry that the New Delhi is opening doors for business, two US defence giants — Raytheon and Lockheed Martin — announced they
Tata Power’s net profit for the June quarter declined 76 per cent to Rs 72.5 crore compared with Rs 303 crore in the year-ago period, impacted by one-time loss, lower other income and first-time impact on account of Indian Accounting Standards
Tata Power on Tuesday said its Singapore-based subsidiary Tata Power International Pte (TPIPL) has completed sale of its 50 per cent stake in OTP Geothermal Pte to KS Orka Renewables (KS Orka) for $30 million.
Tata Power Solar said on Tuesday it has commissioned a 100 mw solar project for NTPC in Anantapur, Andhra Pradesh, the biggest solar project commissioned using domestically manufactured solar cells and modules.