{"id":331563,"date":"2020-01-30T12:11:35","date_gmt":"2020-01-30T06:41:35","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=331563"},"modified":"2020-01-30T12:30:04","modified_gmt":"2020-01-30T07:00:04","slug":"tata-power-reports-12-per-cent-growth-in-profit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-power-reports-12-per-cent-growth-in-profit\/","title":{"rendered":"Tata Power reports 12 per cent growth in profit"},"content":{"rendered":"<p>Tata Power has reported profits of \u20b9246 crore in the December 2019 quarter, a 11.8 per cent increase compared with the \u20b9220 crore it posted in the December 2018 quarter. The profit growth was driven mainly due by lower fuel under-recovery in the company\u2019s Mundra plant and better operational performance by all businesses.<\/p>\n<p>Consolidated revenue came in at \u20b97,171 crore in the December 2019 quarter, down compared with the \u20b97,911 crore in the corresponding quarter last year. This was due to a one-off deferred tax benefit of \u20b9272 crore on a PPA (power purchase agreement) extension in the Mumbai licences area, lower demand and lower coal prices, the company said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Power has reported profits of \u20b9246 crore in the December 2019 quarter, a 11.8 per cent increase compared with the \u20b9220 crore it posted in the December 2018 quarter. The profit growth was driven mainly due by lower fuel under-recovery in the company\u2019s Mundra plant and better operational performance by all businesses. Consolidated revenue came in at \u20b97,171 crore in the December 2019 quarter, down compared with the \u20b97,911 crore in the corresponding quarter last year. This was due to a one-off deferred tax benefit of \u20b9272 crore on a PPA (power purchase agreement) extension in the Mumbai licences [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-331563","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/331563","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=331563"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/331563\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=331563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=331563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=331563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}