Tata Power Co. reported a subdued second quarter as heavy monsoon across India dampened electricity demand.
Income from thermal and hydro operations plunged 46% to Rs 2,336 crore. Renewables nearly doubled to Rs 3,613 crore, while transmission and distribution rose 7% to Rs 10,936 crore.
Shares of Tata Power ended 0.3% lower at Rs 395.6 apiece on the BSE, ahead of the results, compared to a 0.4% gain in the benchmark Sensex.
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