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Business EconomyPosted at: Feb 4 2025 6:56PM


Tata Power EBITDA grows 7 percent to Rs 3,481 crore in Q3

Mumbai, Feb 4 (UNI) Tata Power on Tuesday reported its 21st consecutive quarterly PAT growth. During the quarter ended December 31, 2024, the Company reported its PAT of Rs 1,188 crore, up 10 percent YoY.
Consolidated EBITDA during the quarter rose 7 pc to Rs 3,481 crore on the back of solid contributions and operational efficiency across businesses.
For the 9MFY25 period, the Company clocked a Revenue and PAT of Rs 47,174 crore and Rs 3,909 crore respectively.
The 9-month period also saw the EBITDA reach its all-time high at Rs 10,639 crore.
" We have delivered a sustained PAT growth trajectory over the last 21 quarters and all our businesses have been contributing to this growth," company CEO & Managing Director Praveer Sinha said in a statement.
" We have emerged as a clean energy leader with a presence across the full value chain of manufacturing, EPC, and development of renewable projects along with retail supply through group captives. As an integrated power company, we offer complete energy services towards our portfolio of generation, transmission and distribution solutions to provide affordable power for all," he added.
He said the operations in Odisha have emerged as a role model for Discom reforms.
" We are earnestly exploring distribution opportunities in other states to support the government's focus on revamping the sector.
"Our recent wins in large-scale transmission projects reaffirm our expertise and commitment to evacuation and supply of power nationwide and put us at the center of the development of upcoming Green Energy Corridors.
"As the Government is looking for active partnerships with private players and the amendment to the Nuclear Power Act to set up nuclear energy capacity, we will take up the opportunities to set up small modular nuclear reactors.”
As of 31st December 2024, the Company’s operational capacity is 6.7 GW in the clean & green segment, generating 11,700 plus MUs of green power.
Another 10 GW of projects are under execution and are poised to take
its total clean energy capacity to 16.7 GW.
Tata Power’s solar manufacturing arm - TP Solar Limited, secured a Rs 455 crore contract to supply 300 MWp ALMM modules to Maharashtra State Power Generation Company Limited.
The company signed an MoU with the Asian Development Bank for US$4.25 bn to finance key clean energy power projects.
Madhya Pradesh saw Tata Power Renewable Energy Ltd (TPREL) commission one of India’s largest floating solar projects of 126 MWp in Omkareshwar and the 431 MW DC Solar Plant in Neemuch. The Neemuch plant is India’s first solar plant to incorporate a unique combination of single-axis trackers and bi-facial modules.
Noida International Airport partnered with Tata Power Trading Company Ltd. (TPTCL) to supply 10.8 MW of wind power and with TPREL to develop, operate, and maintain a 13 MW onsite solar power capacity.
UNI PC BD
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