Tata Power Company News

Tata Power Company on Thursday said it is fully compliant with all regulatory requirements of SEBI including on appointment of woman director on its board.

Rating agency Standard & Poor's (S&P) has revised downwards its outlook on Tata Power Company (TPC) to 'stable' from 'positive', citing slow progress on tariff revisions for Mundra project and delay in receiving the proceeds from the stake sale in its Indonesian coal mine.

In a major decision, state electricity regulator Maharashtra Electricity Regulatory Commission (MERC) has granted 25 years distribution licence to Tata Power for supplying power in city and suburban areas.

Tata Power Company Ltd said on Friday it has signed an option deal to sell a 5 percent stake in coal miner PT Kaltim Prima Coal (KPC) to a unit of Indonesian conglomerate Bakrie Group to reduce debt and improve cash flow.