The project is targeted for commissioning in 2027 and is expected to generate employment opportunities for local communities during both construction and operations
The company plans to build 60 GW of renewable energy capacity by 2032 as part of a broader transformation from a conventional power producer into a diversified and integrated energy company.
In his new role, Arora will oversee the company's financial strategy, capital management and long-term financial planning
The order covers the purchase, import and installation of specified foreign-made equipment, including transformers and other critical grid components
The proposed IPO will comprise entirely fresh shares, with parent Sembcorp Industries not selling any stake through the offering
Under the PPA, the project is required to provide four hours of peak-hour power with 90 per cent monthly availability, along with meeting a minimum annual capacity utilisation factor
Tata Power has lost its challenge to a $490 million arbitration award in favour of Kleros Capital Partners
Brent crude futures fell 0.7 per cent to $87.24 a barrel in early trade, marking a fourth consecutive session of losses
Designed for difficult and inaccessible terrain, the portable equipment can drill significantly deeper than the typical 300–400 metre range cited by the company
IIFCL will be the sole lender for the project, with the financing carrying a repayment tenor of 19 years
