DISTRIBUTIVE GAINS? NOT QUITE-THE TATA ELECTRIC COMPANIES

Article Abstract:

Tata Electric Companies (TEC) comprise Tata Power, Andhra Valley Power Supply Company and Tata Hydro-Electric Power Supply Company. The three firms share income and expenses in the ratio of 5:3:2. TEC has a total capacity of 1,862 mw and it operates from Mumbai. Its list of customers include BEST, BSES and Railways. It has acquired a 67.5 mw coal based power plant of Jojobera station in Jamshedpur from Tata Iron and Steel Company (Tisco). TEC is planning to set up a 80 mw power plant in Karnataka. It is also targeting major industrial clients and is bidding for setting up captive power plants. (gs)(psr)

Strategy & planning, Electric Utilities, Electric Power Generation, Transmission and Distribution, Tata Electric Cos.

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DRILLING TO A PROFITABLE PLAN

Article Abstract:

Hitech Drilling Services (I) Ltd is a part of the Tata group. The Tata group has 55 percent stake and foreign institutional investors (FIIs) 7 percent and the public the rest. Its equity is Rs20.32 crore. It has leased its Hitdrill-1 to the Oil and Natural Gas Corporation, the floating production unit Tahara to Hardy Exploration and Production Ltd and Rig Marine-201 to Cairn Energy (I) Pvt Ltd. It plans to buy new rigs for expanding its operations. (rk) (kvr)

Financial management, Oil & Gas Field Services, Support Activities for Mining, Hitech Drilling Services

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