Company: Tata Power Company Ltd. Category: IPO Notes

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.
Jan. 3, 2019, 11:51 a.m.

Consolidated revenue of Tata Power (TPCL) grew by 6.7% YoY to Rs68.7bn in 2QFY19 compared to Rs64.1bn in 2QFY18 mainly led by capacity addition in renewables, increase in fuel cost.
Oct. 29, 2018, 11:34 a.m.

Net debt increased, though marginally by ~INR2b to ~INR485b in FY18, despite strong operating cash flow (including dividend).
Aug. 3, 2018, 10:15 a.m.

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.
July 30, 2018, 10:25 a.m.

Tata Power Company (TPCL) has posted consolidated (reported) Rs14.8bn net profit in 4QFY18 vs. Rs2.3bn net loss in 4QFY17 led by exceptional gains to the tune of Rs12.4bn.
May 7, 2018, 11 a.m.

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.
Feb. 26, 2018, 11:25 a.m.

Tata Power: Accelerates process to sell non-core assets; Maintain Sell
Feb. 14, 2018, 9:22 a.m.

Coal JVs’ disclosure has improved. PAT grew ~5x YoY to INR6.7b and dividend payout was ~56% in FY17. INR3.7b dividend from coal JVs nearly offset the INR3.3b negative free cash flow (FCF) at CGPL.
Sept. 8, 2017, 4:19 p.m.

Optimized CGPL’s capital structure Raising estimates; Maintain Sell
Aug. 31, 2017, 7:31 p.m.

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.
Aug. 28, 2017, 4:16 p.m.