Power Sector

Kunjal Mehta, the company's CFO, stated that the pipeline bids will comprise high voltage direct current (HVDC) lines.

The project, which was initially approved by the Indian Railways in 2015, now has fully functioning overhead electrification, according to the business.

The NTPC group's total installed capacity was 75,958 MW in Q4FY24, compared to 72,254 MW in the same quarter the previous fiscal year.

The loan amount will be used to fund the company's $1.6 billion investment announced in August to create clean energy projects.

The project is estimated to be concluded within 24 months of signing the 25-year power purchase agreement.

The pilot project attempts to demonstrate the fundamentals of how electric vehicles (EVs) interact with the grid.

NIIF will shortlist bidders in the next weeks, allowing them to undertake due diligence on the company before submitting binding financial proposals.

The board of directors also declared a final dividend of ₹1.50 per equity share for fiscal year 2024, which is 150% of the face value.

Tata Power reported that in FY24, the company achieved its highest-ever revenue and EBITDA of ₹61,542 Crore and ₹12,701 Crore, respectively.

The company is on a fast track to convert to green energy, with the goal of generating around 70% of its capacity from non-fossil fuels by 2030.