Tata Group, a subsidiary of Tata Group, increased to Rs 1,188 crore on an annual basis in the third quarter of the current financial year to Rs 1,188 crore in the third quarter ended December. The company gave this information in a statement on Tuesday. In the same quarter of the previous financial year, the company earned an integrated net profit of Rs 1,076 crore.
The total income of the company in the quarter under review also increased to Rs 15,793 crore, which was Rs 15,294 crore in the same period a year ago.
Tata Power Chief Executive Officer (CEO) and Managing Director Praveer Sinha said, “We have registered a continuous increase in net profit among the last 21 quarters and all our businesses are contributing to this growth.”
What does Tata Power do?
Tata Power is one of the largest integrated power companies in India, which works in the field of power generation, transmission, and distribution. It is a major Tata group company, which was established in 1919. The company is also present in many other countries including India.
Tata Power is a subsidiary of Tata Group. The largest stake in this is Tata Sons, which is the holding company of the Tata group. In addition, many domestic and foreign investors also have a stake in the company.
Tata Power mainly earns its income from power generation and distribution. The company is now focusing on traditional energy as well as green energy.