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Tata Communications Ltd News

Tata Comm raises $ 250 million sustainability loan from DBS, ANZ, EDC

Tata Communications on Thursday said it has raised USD 250 million sustainability loan from DBS Bank, ANZ and Export Development Canada (EDC). The loan is of a five-year tenor, and is called as a sustainability-linked loan (SLL), wherein progress on carbon emission targets will determine the costs, according to a statement. The interest rate margin of the loan will be adjusted up or down in accordance with the progress that Tata Communications will achieve on its carbon emission reduction targets, it explained, claiming that this is a first of its kind transaction in India. Such short-term targets, creating a link between the cost of banking facilities and progress achieved on key environmental milestones, are consistent with the company's longer-term ambition to be Net Zero across its global operations by 2035, the statement said. DBS Bank India's head of institutional banking group Rajat Verma hinted at other corporations also opting for similar facilities, and said the lender lo

Tata Comm raises $ 250 million sustainability loan from DBS, ANZ, EDC
Updated On : 20 Jun 2024 | 11:15 PM IST

Tata Communications raises $250 million sustainability-linked loans

ANZ acted as the lead sustainability coordinator for the loan, while DBS Bank and EDC were the joint sustainability coordinators

Tata Communications raises $250 million sustainability-linked loans
Updated On : 20 Jun 2024 | 6:55 PM IST

Short-term margin overhang likely for Tata Communications stock

Achieving this will require higher capex and opex, totalling $300 million in FY25, and is projected to be at a capex-to-sales range of 10-11 per cent. By FY27

Short-term margin overhang likely for Tata Communications stock
Updated On : 14 Jun 2024 | 8:36 PM IST

Stocks to Watch: Infy, Bajaj Auto, Voda Idea, ICICI Lombard, Tata Comm, Zee

Stocks to watch on Thursday, April 18, 2024: Vi FPO opens today. Bajaj Auto and Infosys scheduled to report Q4 results; analysts expect single-digit growth in revenues from the latter.

Stocks to Watch: Infy, Bajaj Auto, Voda Idea, ICICI Lombard, Tata Comm, Zee
Updated On : 18 Apr 2024 | 8:01 AM IST

Tata Comm Q4: Profit declines marginally to Rs 322 crore, revenue up 24%

Tata Communications' consolidated profit declined marginally to Rs 321.55 crore in the fourth quarter ended on March 31, 2024, according to a regulatory filing. The company posted a profit of Rs 326.64 crore in the same period a year ago. The consolidated revenue of Tata Communications during the reported quarter increased by 24.5 per cent to Rs 5,691.7 crore from Rs 4,568.66 crore in the same quarter a year ago. For the year ended on March 31, 2024, net profit declined to Rs 969.58 crore from Rs 1,800.87 crore at the end of 2022-23. The annual income from operations of Tata Communications increased by 17.5 per cent to Rs 20,968.82 crore in fiscal year 2024 from Rs 17,838.26 crore in fiscal year 2023. The company's board approved re-appointment of managing director and CEO A S Lakshminarayanan for a second term starting November 26, 2024 till April 13, 2026.

Tata Comm Q4: Profit declines marginally to Rs 322 crore, revenue up 24%
Updated On : 17 Apr 2024 | 8:30 PM IST

Tata Communications posts fastest quarterly revenue growth in 9 years

Revenue rose 24.4% to Rs 5,633 crore for the quarter ended Dec. 31, according to an exchange filing

Tata Communications posts fastest quarterly revenue growth in 9 years
Updated On : 18 Jan 2024 | 5:16 PM IST