After a long time, the shares of Tata Power saw positive action after the company reported more than two-fold jump in its Mar-20 consolidated net profit at Rs.475 crore. It was a two way street for the company. The profits were higher on the back of the sale of Cennergi investment but that was largely offset by impairment provision in SED and reversal of MAT credit due to transition to new tax regime. However, the major overhang for the company could arise from sustained capex in renewable energy and imposition of new regulations for Indonesian coal mines concerning tax and royalty. Revenues for the quarter were lower by nearly 10% at Rs.6881 crore. This fall in revenues was largely on account of delays in project execution in solar EPC business on account of Covid-19. Tata Power is the largest integrated power company in India and overall has an installed and managed capacity of 12,742 MW.