TATAPOWER

April 1 (Reuters) - Tata Power Company Ltd TTPW.NS:

• TATA POWER COMPANY LTD - RESUMED ITS OPERATIONS AT MUNDRA PLANT WITH AN INSTALLED CAPACITY OF 4150 MW

Source text: ID:nnAZN4SOJPC

Further company coverage: TTPW.NS

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By Sethuraman N R

NEW DELHI, March 30 (Reuters) - India is accelerating clearances for commissioning of wind power plants and battery energy storage systems as the U.S.-Israeli war against Iran has led to a gas shortfall, the country's junior power minister said on Monday.

Although gas accounts for only around 2% of India's total power generation, the South Asian country uses about 8 gigawatt (GW) of gas power during peak-demand periods or heatwaves.

"Presently, there are challenges in respect of availability and price volatility of natural gas due to the Middle East crisis. However, the generators are exploring alternate sources," junior power minister Shripad Naik said in the country's parliament.

The country is also closely monitoring the progress of coal and hydro plants, which are under construction, targeted to be commissioned by June 2026, he said.

The system is adequately positioned to meet summer demand, compensating for reduced gas-based generation, Naik said.

The South Asian nation has already directed Tata Power's TTPW.NS 4-gigawatt imported-coal plant in the western state of Gujarat to run at full capacity from April 1 to June 30.

Reuters had earlier reported that India will likely lean more on its coal capacity to meet peak power demand this summer and has asked its coal plants to run at maximum capacity and avoid planned outages.

India relies on coal power for nearly 75% of its power generation.

India has also encouraged its industries to produce their own power through their captive generation plants, the minister said, a move that could reduce industrial power consumption.

(Reporting by Sethuraman NR
Editing by Keith Weir)

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March 25 (Reuters) - Tata Power Company Ltd TTPW.NS:

• COMPLETES ALL EXTRA HIGH VOLTAGE TRANSMISSION LINES UNDER SEUPPTCL

Further company coverage: TTPW.NS

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March 24 (Reuters) - Tata Power Company Ltd TTPW.NS:

• EXECUTES SUPPLEMENTARY POWER PURCHASE AGREEMENT FOR MUNDRA PLANT WITH GUVNL

• TO EXECUTE POWER PURCHASE AGREEMENT WITH MAHARASHTRA, RAJASTHAN, PUNJAB, HARYANA

Source text: ID:nNSE7V3pgT

Further company coverage: TTPW.NS

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NEW DELHI, March 23 (Reuters) - India has directed Tata Power's TTPW.NS 4-gigawatt imported-coal plant in the western state of Gujarat to run at full capacity from April 1 to June 30, citing higher summer demand, per a government order seen by Reuters.

Here are some details:

• To ensure adequate power availability, generation from imported coal-based plants needs to be increased, the order said.

• The government may extend the full-capacity mandate to other imported coal-based plants between April and June if required.

• The directive comes as India anticipates record peak power demand of around 270 gigawatts in the coming months, up from about 242 GW in 2025–26, and moves to boost output from imported-coal plants to avoid shortages.

• It also follows the Gujarat state government's recent approval of a revised power purchase arrangement with Tata Power, clearing the way for the resumption of long-term supply from the plant.

• The plant has been largely idle for the past six months due to high imported-coal costs and the absence of a power supply agreement.

• A government-appointed committee will set benchmark rates for power supplied from the plant.

(Reporting by Sethuraman NR; Editing by Sumana Nandy)

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NEW DELHI, March 20 (Reuters) - India's western Gujarat state has approved a revised power supply pact with Tata Power TTPW.NS, clearing the way for long‑term electricity supply to resume from its 4 gigawatt Mundra plant, as per a document seen by Reuters.

(Reporting by Sethuraman NR and Sarita Singh; Editing by Muralikumar Anantharaman)

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By Sethuraman N R

NEW DELHI, March 19 (Reuters) - India is weighing the use of an emergency clause that would force coal power plants that run on imported coal to maximise output ahead of the summer season, as the U.S.-Israeli war on Iran has hit gas supplies, three industry sources said.

The country expects peak power demand to touch 270 gigawatts during the summer, India's federal power minister Manohar Lal Khattar said at an industry event on Thursday.

The power ministry did not immediately respond to Reuters' request for comments.

India has power plants built to run on imported coal that could generate nearly 17 gigawatts, located in the coastal areas of the country.

It is expensive to generate power using imported coal compared with cheaper domestic coal. Under the emergency provision, a government‑appointed panel will set the rate at which power will be purchased from the plants, based on the cost of the imported coal.

Tata Power's TTPW.NS 4 GW imported coal-fired plant in Mundra, Gujarat, has not operated for the past six months after the government last year withdrew the emergency clause that compensates companies for generating power using expensive imported coal.

Reuters reported early this month that India will likely lean more on its coal capacity to meet peak power demand this summer as LNG supplies tighten due to the Mideast crisis.

The gas crisis and the absence of 4 GW of coal capacity from Tata Power's coal plant have led the government to explore the option to run all coal plants including the imported coal plants at maximum capacity, the sources said.

Meanwhile, India has invoked emergency provisions, reprioritising natural gas supplies to key sectors such as households and fertiliser plants, leaving gas-based power plants with fewer options.

The gas-based power plants, which are generally idle, are used when the country sees sudden surge in power demand.

The power ministry did not immediately respond to Reuters' request for comments.

(Reporting by Sethuraman NR
Editing by Alexandra Hudson)

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NEW DELHI, March 18 (Reuters) - India is proposing that clean energy firms use only locally made solar ingots and wafers from June 2028, the country's renewable energy ministry said on Wednesday, in a move aimed at curbing Chinese imports.

With this, the South Asian country is looking to ensure the usage of domestically made components across the entire solar panel manufacturing chain.

India currently has a manufacturing capacity of about 2 gigawatt (GW) for ingots and wafers.

Companies including Waaree Energies WAAN.NS, Tata Power TTPW.NS and Indosol Solar IDOS.NS have proposed billions of rupees of investments to build renewable manufacturing capacity as India aims to double its non-fossil fuel-based power capacity to 500 GW by 2030.

The government has already mandated the usage of locally assembled solar panels in state-run projects even though components like cells, wafers, ingots and polysilicon could be imported.

India currently relies entirely on China for its imports of cells, ingots, wafers and poly silicon for solar panels.

The country has also directed the use of domestically made solar cells from June 2026.

(Reporting by Sethuraman NR; Editing by Sonia Cheema)

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March 9 (Reuters) - Tata Power Company Ltd TTPW.NS:

• INVESTS 500 MILLION RUPEES FOR 40% STAKE IN DORJILUNG HYDRO POWER

Source text: ID:nNSE163bfb

Further company coverage: TTPW.NS

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March 6 (Reuters) - Salesforce Inc CRM.N:

• COLLABORATES WITH SALESFORCE

• COLLABORATION FOR NATIONWIDE ROOFTOP SOLAR, EV CHARGING, AND INTELLIGENT ENERGY MANAGEMENT BUSINESSES

Source text: ID:nnAZN4SJYTJ

Further company coverage: CRM.N

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By Nick Carey, Gilles Guillaume and Julia Payne

LONDON/PARIS/BRUSSELS, March 3 (Reuters) - The European Union is treading a fine line with plans to introduce 'Made in EU' rules for the bloc's auto industry, seeking to revive local manufacturing without damaging relations with major trading partners.

The plans, due on Wednesday as part of a drive to boost EU industry more broadly, are complicated by divisions between member states, with France taking a more protectionist line and Germany more worried about potential retaliation.

They also face pushback from automakers that rely on non-EU supplies or, like Ford F.N and Jaguar Land Rover TAMO.NS, have major operations in nearby non-EU countries that are also lobbying Brussels. Britain, Turkey and Morocco are interested in 'Made in Europe' rules - but only if they are not shut out.

The stakes are high.

"If we don't do this, there will be massive relocations," Christophe Perillat, the CEO of French auto supplier Valeo said on Friday. "I've never seen an industry go and come back."

RETALIATION FEARS

Under the latest leaked version of the proposed Industrial Accelerator Act, an electric vehicle would need 70% of the cost of its parts to be manufactured in the bloc, excluding the battery, to qualify for EU subsidies.

The draft also requires minimum EU-based content in the battery pack, although excluding cells acknowledges China's dominance of the global battery cell supply chain.

Europe's auto sector has long been under pressure, a squeeze intensified by the arrival of Chinese rivals rolling out cheaper, tech-heavy EVs.

French small suppliers association Fiev says its members shed half their workforce between 2007 and 2024, and president Jean-Louis Pech warns employment could halve again by the end of the decade without action.

Antoine Doutriaux, CEO of Plastivaloire, which makes plastic interior parts and closed a French plant last year, says not mandating local content "would be very dangerous for European industry". He says Chinese rivals pay 30% less for raw materials and "don't play by the same rules".

But Germany's automakers sell more than a quarter of their vehicles in China, the world's largest auto market, and fear strict local-content rules could trigger a trade war.

"Further measures perceived as protectionist, which may include local content requirements, carry the risk of backlash from other countries," said Karoline Kampermann, head of economic policy, foreign trade, SMEs and taxation at German car lobby group VDA.

China rejects suggestions its automakers benefit from unfair subsidies and has retaliated against other EU measures it considers protectionist, such as EU import tariffs on Chinese-made EVs.

'WALKING ON EGGSHELLS'

Global auto supply chains are so complex, and so integrated, that determining local-content levels in individual models is no easy feat.

French firm A2MAC1, which strips down cars for automakers to assess competitors' products, reviewed two European-made EVs for Reuters – Volkswagen's VOWG_p.DE ID.3 and Renault's RENA.PA Renault 5 – based on cost of parts by country.

It found the ID.3 sourced 86% of its content by value from the EU and just 7% from China, not including raw materials. It easily qualifies as made in the EU.

Renault says up to 80% of suppliers for the Renault 5 are within 300 km (186 miles) of its northern France assembly site. But A2MAC1 found EU-based parts accounted for only 51% of the car's cost, with China supplying 41%. Excluding the battery – the component most dependent on China – lifts EU content to about 76%. On that basis the Renault 5 would meet the threshold.

A further challenge is that, under the Commission's proposal, only parts from EU members plus Iceland, Liechtenstein and Norway - the European Economic Area - would count as local content, though it would consider parts from "trusted partners" and take World Trade Organization agreements into account.

Ford's European supply chain, for example, depends heavily on Britain and Turkey, and European president Jim Baumbick argues that "excluding them would weaken production inside the EU itself".

Turkey is a low-cost manufacturing hub for Toyota 7203.T, Stellantis STLAM.MI, Hyundai 005380.KS and Renault. Cengiz Eroldu, president of Turkish automaker association OSD, says exclusion "poses a great risk to our country's investment environment" and that inclusion "is a strategic necessity".

But including Turkey could open a loophole for Chinese automakers to build plants there, saving on energy and labour while still qualifying for EU subsidies, said Chris Heron, secretary general of lobby group E-Mobility.

"It really is like walking on eggshells," he said.

(Reporting By Nick Carey in London, Gilles Guillaume in Paris and Julia Payne in Brussels. Additional reporting by Christoph Steitz in Frankfurt and Can Sezer in Istanbul. Editing by Mark Potter)

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Feb 24 (Reuters) - Indian salt-to-software Tata conglomerate's executive chairman N Chandrasekaran has sought a deferment of discussion on his reappointment, after disagreements broke out in the board meeting of Tata Sons on Tuesday, the Economic Times reported, citing people familiar with the matter.

Tata Sons did not immediately respond to a Reuters request for comment.

(Reporting by Chandini Monnappa and Kashish Tandon in Bengaluru; Editing by Mrigank Dhaniwala)

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Feb 12 (Reuters) - India's Adani Power ADAN.NS said on Thursday it has formed an atomic energy-focussed unit, becoming one of the first privately-held utilities to disclose publicly their interest in the newly-opened nuclear sector.

Adani Atomic Energy Ltd, will generate, transmit and distribute electric power derived from nuclear energy sources, the company said, without giving other details.

The move comes as India opens its nuclear power sector to greater private participation to meet rising electricity demand and curb carbon emissions, with the government targeting a sharp increase in capacity over the coming decades as part of its clean energy push.

So far, state-run Nuclear Power Corporation of India owns and operates the country's fleet of nuclear power plants that have a total capacity of 8.8 gigawatts.

Tata Power's TTPW.NS CEO said last week on a post-earnings call that the company was evaluating three sites for nuclear projects.

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Nivedita Bhattacharjee)

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** Tata Power TTPW.NS shares drop 2.3% to 364 rupees

** Set for first session of losses in four

** Utility firm posts lower quarterly profit, mainly hurt by weak thermal segment; revenue drops 9%

** TTPW, on avg, rated "buy" by 21 analysts; median TP 409.50 rupees - data compiled by LSEG

** YTD, stock down 4.5%; lost 3.3% in 2025

(Reporting by Hritam Mukherjee in Bengaluru)

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Feb 4 (Reuters) - Tata Power Company Ltd TTPW.NS:

• TATA POWER Q3 CONSOL NET PROFIT 7.72 BILLION RUPEES

• TATA POWER Q3 CONSOL REVENUE FROM OPERATIONS 139.48 BILLION RUPEES

Source : https://nsearchives.nseindia.com/corporate/VPTPCL_04022026170516_Outcome.pdf

Further company coverage: TTPW.NS

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Feb 2 (Reuters) - Tata Power Company Ltd TTPW.NS:

• TATA POWER COMPANY LTD - COMMISSIONS 198 MW GROUP CAPTIVE PROJECT IN KARUR, TAMIL NADU

Source text: ID:nNSE3FCnRs

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Jan 30 (Reuters) - Tata Power Company Ltd TTPW.NS:

• TATA POWER COMPANY LTD - COMMISSIONS 765 KV MAINPURI–BARA AND MAINPURI–UNNAO TRANSMISSION LINES SPANNING 574 CKM

Source text: [ID:]

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Jan 23 (Reuters) - Tata Power Company Ltd TTPW.NS:

• WORLD BANK APPROVES FINANCING FOR 1,125 MW DORJILUNG HYDROPOWER PROJECT

• FINANCING INCLUDES $150 MILLION GRANT, $150 MILLION CREDIT FROM INTERNATIONAL DEVELOPMENT ASSOCIATION

Source text: ID:nBSElHtQ2

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Jan 9 (Reuters) - Tata Power Company Ltd TTPW.NS:

• TATA POWER COMPANY LTD - COMMISSIONS 400/220 KV TRANSMISSION LINE IN GREATER NOIDA

Source text: ID:nBSEbmpRgW

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Jan 7 (Reuters) - Tata Power Company Ltd TTPW.NS:

• TATA POWER COMPANY - TP SOLAR PRODUCED 2.9 GW OF SOLAR MODULES, 2.8 GW OF SOLAR CELLS IN 9 MONTHS

Source text: ID:nNSE7tjQGy

Further company coverage: TTPW.NS

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Dec 30 (Reuters) - SJVN Ltd SJVN.NS:

• TATA POWER RENEWABLE ENERGY COMMISSIONS SJVN'S 1 GW SOLAR POWER PROJECT

Source text: ID:nBSE82sR4X

Further company coverage: SJVN.NS

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By Sarita Chaganti Singh

NEW DELHI, Dec 16 (Reuters) - India has proposed a law that ends six decades of state monopoly over nuclear power, allowing private companies and even individuals to build and operate reactors.

The new bill must be approved by the lower and upper houses of parliament to become law.

Here's what you need to know:

WHAT IS THE REGULATION AROUND CIVIL NUCLEAR LAW?

Since 1962, nuclear projects were restricted to firms under the Department of Atomic Energy, mainly Nuclear Power Corporation of India. A 2015 amendment allowed other state-run companies to form joint ventures with NPCIL to develop plants. Since then NPCIL has teamed up with three state-run companies NTPC, IOC and NALCO, but none of those ventures completed their proposed plants.

WHAT ARE THE PROPOSED CHANGES?

The Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India Bill, 2025, ends the government's monopoly by allowing private players to fully own and operate nuclear plants. Sensitive activities such as fuel enrichment, spent-fuel reprocessing and heavy water production will remain under government control.

WHY IS IT A BIG DEAL?

India aims to grow its nuclear capacity to 100 gigawatts in 20 years from 8.2 GW at present, making atomic energy a key part of its clean energy plan. The proposed legislation could attract billions of dollars from private companies such as Tata Power TTPW.NS, Adani Power ADAN.NS and Reliance Industries RELI.NS, which have announced plans to invest in nuclear power. Private firms can also import and process uranium, while foreign companies can partner with Indian firms.

FOREIGN PARTICIPATION?

Global suppliers, including Westinghouse Electric and GE‑Hitachi from the United States, France's EDF EDFBE.UL and Russia's Rosatom have expressed interest in providing technology and equipment for India's nuclear projects. The bill proposes foreign direct investment in joint ventures with Indian firms.

HOW HAS IT EASED LIABILITY LAWS?

The bill drops a clause that let operators sue equipment suppliers over defects - a hurdle for foreign vendors. The change cuts legal risk, makes insurance for vendors viable and is expected to draw global technology and investment.

WHAT ARE THE SAFEGUARDS?

Operators will need government licences and safety authorisation from the Atomic Energy Regulatory Board. Foreign-controlled firms cannot hold licences. Operators must set aside liability funds between $10.99 million to $330 million, depending on reactor size.

WHAT HAPPENS IN CASE OF AN ACCIDENT?

Compensation will come from operators' insurance liability funds, capped at 300 million Special Drawing Rights - an International Monetary Fund reserve unit - in line with global norms.

A nuclear liability fund will cover excess claims and the government will step in if damages exceed these limits.

($1 = 90.9620 Indian rupees)

(Reporting by Sarita Chaganti Singh, Editing by Louise Heavens)

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Dec 11 (Reuters) - Tata Power Company Ltd TTPW.NS:

• TATA POWER COMPANY LTD - GETS LOI FOR PROJECT WITH ANNUAL TRANSMISSION CHARGES SET AT 1.56 BILLION RUPEES

Source text: ID:nNSE4QR0Cb

Further company coverage: TTPW.NS

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** Shares of Tata Power TTPW.NS fall as much as 2.1% to 387.5 rupees, last down 1%

** Co's Q2 consolidated net profit falls to 9.19 billion rupees (about $105 million) from 9.27 billion rupees a year earlier

** JP Morgan ("Neutral", PT: 400 rupees) says profit weighed down by losses incurred at Mundra power plant, but cushioned by healthy profitability of Odisha discoms and rooftop solar businesses

** CLSA ("Hold", PT: 395.60 rupees) says stock has run ahead of its fundamentals on a retail frenzy of power stocks, but co's Odisha discoms, new concession wins and pump storage remain key long-term positives

** Stock rated as "hold" on average by 21 analysts; median PT at 416 rupees - data compiled by LSEG

** YTD, stock down 0.5%

(Reporting by Mridula Kumar in Bengaluru)

((Mridula.kumar@thomsonreuters.com))

Nov 11 (Reuters) - India's Tata Power TTPW.NS plans to set up 10 gigawatts of solar wafers and ingots manufacturing plant, the company's chief executive Praveer Sinha said on a post-earnings call on Tuesday.

(Reporting by Sethuraman NR)

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NEW DELHI, Oct 10 (Reuters) - India plans to open up its electricity retail market for private companies, ending the dominance of state-run distributors in some states, according to draft regulations proposed by the federal power ministry.

The move will allow private companies such as Adani Power ADAN.NS, Tata Power TTPW.NS, Torrent Power TOPO.NS and CESC CESC.NS to strengthen their presence in the country.

(Reporting by Sethuraman NR and Sarita Singh; Editing by Sonia Cheema)

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Oct 2 (Reuters) - Tata Power Company Ltd TTPW.NS:

• TATA POWER RENEWABLES SIGNS PPA FOR 80 MW PROJECT

• PROJECT TO INTEGRATE SOLAR, WIND, AND BATTERY STORAGE

• PROJECT CAPEX IS ABOUT 12 BLN RUPEES

Source text: ID:nBSEbHzZv0

Further company coverage: TTPW.NS

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