{"id":127090,"date":"2017-08-23T11:34:37","date_gmt":"2017-08-23T11:34:37","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=127090"},"modified":"2017-08-23T11:40:10","modified_gmt":"2017-08-23T11:40:10","slug":"tata-powers-q1-profit-from-renewable-business-jumps-339-to-rs-142-cr","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-powers-q1-profit-from-renewable-business-jumps-339-to-rs-142-cr\/","title":{"rendered":"Tata Power&#8217;s Q1 profit from renewable business jumps 339% to Rs 142 cr"},"content":{"rendered":"<p>Tata Power on Wednesday said its renewable portfolio recorded a 329 per cent jump in consolidated net profit at Rs 142.18 crore in the quarter to June 30, against the corresponding three months a year ago. <\/p>\n<p>The renewable business capacity of Tata Power crossed 2,000 MW and non-fossil fuel portfolio stood at 3,144 MW, a 92 per cent increase from a year ago, it said in a statement. <\/p>\n<p>Another 500 MW of capacity is under construction by Tata Power Renewable Energy Ltd (TPREL), Tata Power&#8217;s wholly-owned subsidiary. The operating renewable portfolio of TPREL has grown to 1,457.2 MW, comprising 530.2 MW wind and 927 MW solar, respectively, it said. <\/p>\n<p>On its commitment to generate 30-40 per cent power by 2025 through clean energy sources, Tata Power MD and CEO Anil Sardana said, &#8220;In the last 5 years, we have become the largest renewable energy player and going forward, we will continue to invest in renewable energy projects, both organic and inorganic, as well as in cutting-edge technologies to maximise shareholder value.&#8221; <\/p>\n<p>Tata Power will continue to work towards ensuring that its renewable business remains the largest in the country, it added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Power on Wednesday said its renewable portfolio recorded a 329 per cent jump in consolidated net profit at Rs 142.18 crore in the quarter to June 30, against the corresponding three months a year ago. The renewable business capacity of Tata Power crossed 2,000 MW and non-fossil fuel portfolio stood at 3,144 MW, a 92 per cent increase from a year ago, it said in a statement. Another 500 MW of capacity is under construction by Tata Power Renewable Energy Ltd (TPREL), Tata Power&#8217;s wholly-owned subsidiary. The operating renewable portfolio of TPREL has grown to 1,457.2 MW, comprising 530.2 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-127090","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/127090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=127090"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/127090\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=127090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=127090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=127090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}