Tata

Geothermal, solar plants to be set by Tata Power in Gujarat

Geothermal, solar plants to be set by Tata Power in Gujarat Tata Group Company Tata Power announced that it is planning set up of a geothermal power plant and a solar power plant of 5 MW each at a suitable location in Gujarat. If the plans are successful, then the renewable energy portfolio of the company would get stronger by this move.

In a filing to the Bombay Stock Exchange, the company said, “Tata Power has entered into an agreement in this regard with the Gujarat government to explore the possibility of setting up a 5 MW geothermal power plant in phase I.”

Citi all set to be Tata's advisor on JLR deal funding

Citi all set to be Tata's advisor on JLR deal funding  TATA Group has approached Citigroup for assistance in getting funds for Jaguar and Land Rover acquisition from the British government. The company has requested British Government for about one billion pound funds to bail out JLR and secure the future of its employees.

TATA reported significant decline in Land Rover sales following low demand due to international financial crisis. The American bank Citigroup was also the advisor in the $2.3 billion JLR acquisition case.

Tata Motors cancels temporary shut down of Jamshedpur plant

Tata Indicom launches night SMS pack

Tata Indicom launches night SMS packTata Teleservices (Maharashtra) Ltd, a leading mobile service provider has announced that it has rolled out “Night SMS pack” for its pre-paid subscribers.

This  “Night SMS pack” with an exciting value proposition, will enable unlimited exchange of local SMS @ 1 paisa only, from 9 pm to 8 am at a cost of Rs 59 /- per month.

According to sources, the SMS pack will offer Tata Indicom subscribers another option to stay in touch with their friends and relatives more often thru SMS.

Tata Steel records 14 per cent drop in sales

Tata Steel records 14 per cent drop in salesTATA group owned TATA Steel reported 14 per cent decline in sales in the third quarter of current financial year as compared to sales during same period last year. It indicates the impact of global slowdown on the steel sector. Almost all economic segments are facing the heat of global financial crisis and gearing up for strict measures to deal with the situation.

Tata Tele tower business merges with Quippo

Tata Tele tower business merges with Quippo Tata Teleservices Ltd. (TTSL) is all set to merge its tower infrastructure business with tower company Quippo Telecom in a bid to deliver more efficient telecom infrastructure services. The merger would make the new entity as the second largest firm in terms of number of towers across India with 18,000 towers.

Quippo Telecom will hold 49 per cent in the new entity with full management control while Tata Teleservices would hold remaining shares in Wireless-TT Info-Services Ltd

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