Tata Power has a presence in all the segments of the power sector viz generation (thermal, hydro, solar and wind), transmission and distribution. The company has posted a consistent performance for the first quarter ended 30th June 2008. Its net revenues, YoY, rose 34.05 % at Rs.2026.13 crore. Sales volume rose by 1.45% at 4115 MUs against 4056 MUs in the corresponding period last year.
PBT was
Tata Power plans to foray into shipping. The company will invest $500 million through its Singapore-based special purpose vehicle, TPC Energy Asia, to prepare a fleet of nine vessels to transport coal from Indonesia to its plants located in the western coast of India. The company has already signed charter agreements for three ships. If company doesn’t get balance requirement of ships through charter agreements then it will go for buyout option. It would buy ships worth up to $100 million each.The company intends to raise its electricity generation capacity to 12,861 MW by 2012-13 (April-March) from 2,474 MW at the end of the current financial year. Most of the new capacity being added by the country's largest private sector electricity generator will be fuelled by imported coal, largely
Tata Power said that Tata Power Company stated that the company refinanced the bridge loan taken for the acquisition of 30% equity stakes in major Indonesian thermal coal producers, PT Kaltim Prima Coal and PT Arutmin Indonesia as well as related trading companies owned by PT Bumi Resources Tbk.The company successfully refinanced $850 million out of the total of $950 million bridge loan taken at a time of acquisition. The $950 million bridge loan had a tenor of one year of which $850 million is being refinanced with long-term loans. The refinancing consists of a non-recourse $580 million facility and $270 million facility with recourse to the company.Indonesia News Blog:
Tata Power announced the completion of signing of financial agreements for 4,000 MW ultra mega power project (UMPP), coming up at Mundra, Gujarat under the special purpose vehicle (SPV) Coastal Gujarat Power (CGPL). The cost of the project is estimated at Rs 170 billion (USD 4.2 billion) with the first of the five units to be commissioned in September 2011. The entire plant is expected to be commissioned by end of 2012. A consortium of banks including leading multilateral agencies and Exim Banks are participating in the financing of this project. The financing comprises of equity of Rs 42.50 billion, external commercial borrowings (ECB) of upto USD 1.8 billion (nearly Rs 72.22 billion) and loans of upto Rs 55.50 billion. The ECBs include lendings from The Export-Import Bank of Korea, Inte
Recap:
It was a good day with cinemax giving a profit of RS 14.50/- and Ispat Industries gave a profit of Rs 150 for 100 shares purchased as per the tip.
Buy for April 22nd 2008
Buy Cinemax >114.6,122,129 Stop Loss 109.8
Buy SAIL >179.3,181,183 Stop Loss 177.9
Buy Tata Power >1320.1,1332,1343 Stop Loss 1316
Tata Power is mulling various options to raise resources to fund a large capital expenditure programme for setting up projects with a total generation capacity of 7,000 MW over the next few years.Company sources said the board is yet to take a decision on the funding pattern.While the company has not revealed the quantum of funds it would require to set up new projects, given that a plant with a capacity of 1,000 MW requires funds of over Rs 4,000 crore, the overall capex for the new projects would require a massive fund infusion of Rs 28,000-to-30,000 crore.Of this, the Mundra ultra mega power project itself would require an investment of Rs 16,000 crore, sources said.The company is planning a 70:30 debt-equity ratio for new projects. This translates to a debt of around Rs 20,000 crore. The company has started talking to different domestic and foreign agencies like International Finance Corporation, Asian Development Bank, Power Finance Corporation and State Bank of India, to raise lo
Tata Power is mulling various options to raise resources to fund a large capital expenditure programme for setting up projects with a total generation capacity of 7,000 MW over the next few years.Company sources said the board is yet to take a decision on the funding pattern.While the company has not revealed the quantum of funds it would require to set up new projects, given that a plant with a capacity of 1,000 MW requires funds of over Rs 4,000 crore, the overall capex for the new projects would require a massive fund infusion of Rs 28,000-to-30,000 crore.Of this, the Mundra ultra mega power project itself would require an investment of Rs 16,000 crore, sources said.The company is planning a 70:30 debt-equity ratio for new projects. This translates to a debt of around Rs 20,000 crore. The company has started talking to different domestic and foreign agencies like International Finance Corporation, Asian Development Bank, Power Finance Corporation and State Bank of India, to raise lo
Tata Power Company (TPC) has posted a 33% fall in profit to Rs 92.73 crore in the quarter ended March while revenue decreased by 9% to Rs 1126.11 crore. “The company has debited a tax of Rs 181.74 crore from the revenue in this quarter that will be passed to consumers in 2007-08 only. This tax burden has reduced the revenue as well as the profit,” said Prasad Menon, managing director, Tata Power
Tata Power Company (TPC) has posted a 33% fall in profit to Rs 92.73 crore in the quarter ended March while revenue decreased by 9% to Rs 1126.11 crore. “The company has debited a tax of Rs 181.74 crore from the revenue in this quarter that will be passed to consumers in 2007-08 only. This tax burden has reduced the revenue as well as the profit,” said Prasad Menon, managing director, Tata Power
Power Finance Corporation on Monday transferred Coastal Gujarat Power Ltd, the special purpose vehicle for the 4,000-MW Mundra Ultra Mega Power Project, to Tata Power Company.
The Mundra Project has become the first such project to be transferred to its successful bidder. The Power Ministry had planned nine UMPPs at an estimated cost of Rs 1,50,000 crore.
Tata Power Company had submitted the
Tata Power, currently acting as a nodal agency for procuring power for the city, has secured 40 MW of additional power, reducing the deficit faced by the metropolis to 100 MW.
With the additional procurement, the company has managed to secure 300 MW over the last few days, a Tata Power spokesperson said. Tata Power had yesterday secured 260 MW from various sources, reducing the gap between
New Delhi- India's Tata Power Saturday announced that it would acquire 30-per-cent stakes in two major Indonesian thermal coal producers owned by PT Bumi Resources Tbk (Bumi) for 1.1 billion dollars, giving it access to one of the largest exporting thermalcoal mines in the world. In a statement, Tata Power said it had signed definitive agreements to purchase 30-per-cent equity stakes in PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia (Arutmin) and a related trading company owned by PT Bumi Resources Tbk (Bumi).
