Tata Power shares in focus after Q3 profit rises 10% YoY to Rs 1,188 crore

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Shares of Tata Energy might be in give attention to Wednesday after the corporate reported a ten% year-on-year (YoY) improve in consolidated internet revenue, reaching Rs 1,188 crore for the quarter ended December 31, 2024, pushed by greater revenues.

That is in comparison with Rs 1,076 crore in the identical quarter of the earlier yr.

The corporate’s complete revenue additionally rose to Rs 15,793 crore, up from Rs 15,294 crore within the year-ago interval.

Praveer Sinha, CEO and Managing Director of Tata Energy, highlighted the corporate’s constant revenue development over the past 21 quarters, with contributions from all its companies.

He additionally talked about that with the federal government searching for energetic partnerships with non-public gamers and contemplating amendments to the Nuclear Energy Act to broaden nuclear power capability, Tata Energy plans to discover alternatives for organising small modular nuclear reactors.

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As of December 2024, Tata Energy’s operational capability within the clear and inexperienced phase stood at 6.7 GW, producing over 11,700 MUs of inexperienced energy. The corporate has one other 10 GW of initiatives in progress, which can convey its complete clear power capability to 16.7 GW.

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