During the quarter, a significant 84% contribution in the company’s profit after tax came from the core businesses, while the contributions from overseas joint ventures—including coal mining operations—continues to decline, according to a statement.
Tata Power’s clean energy portfolio achieved the milestone of 5,500 megawatt during the quarter, standing at 38% of total installed generation capacity.
The company also made significant progress in its distribution business by improving its cash flow and reducing aggregate technical and commercial losses in Odisha.
Tata Power Q2 Results: Profit Jumps 9%, Beats Estimates - BQ Prime
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