After about a year-long competitive bidding process, BEST DISCOM found it economical to extend the existing PPA with Tata Power’s Trombay and hydro power plants due to transmission constraints in Mumbai.
Consolidated revenue of Tata Power (TPCL) grew by 16% YoY to Rs71.4bn in Q1FY19 compared to Rs61.6bn in 1QFY18 mainly led by higher generation at CGPL, TPDDL and renewable usiness along with commencement of distribution operations in Ajmer.
Aided by strong show by coal subsidiaries, renewable business and improved operational performance, Tata Power Company (TPCL) has delivered a decent performance in 3QFY18 with its consolidated revenue growing by 5.7% YoY to Rs 69.5bn.
Tata Power has posted an improved performance in 1QFY18 with its consolidated net profit rising by 126% YoY to Rs1.64bn due to strong performance by the coal subsidiaries, renewable business and better operational performance. Buy.
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