### **Overview** Tata Power Company Limited is India’s largest vertically integrated power utility, operating across the entire power value chain—from generation and transmission to distribution, trading, and renewable energy solutions. With a legacy spanning over a century since its incorporation in 1910, the company has evolved from a hydroelectric pioneer into a global leader in sustainable energy, driving India’s clean energy transition through innovation, scalability, and customer-centric solutions. Headquartered in Mumbai, Tata Power is part of the Tata Group and serves more than **12.8 million consumers** across India. It has emerged as a benchmark for operational excellence in power distribution and a dominant player in renewable energy, electric mobility, rooftop solar, and new-age energy technologies. --- ### **Strategic Positioning** Tata Power is strategically transforming into a "Utility of the Future" by shifting focus from fossil fuel-based generation to clean, decentralized, and consumer-driven energy models. The company’s vision centers on: - Achieving **carbon and water neutrality before 2045** - Scaling its **clean energy capacity to over 15 GW by FY27** - Expanding its customer base to **40 million by 2030** - Doubling revenue, EBITDA, and PAT from the FY23 base year The business is organized into four core clusters: 1. **Renewables** – Solar, wind, hybrid, manufacturing, EPC, storage 2. **Transmission & Distribution (T&D)** – Licensed, franchisee, and PPP models 3. **Generation** – Thermal, hydro, and emerging tech including pumped hydro and SMNRs 4. **New-age Energy Solutions** – Rooftop solar, EV charging, home automation, microgrids, ESCO --- ### **Key Developments (2024–2025)** #### **1. Renewable Energy Leadership** Tata Power continues to solidify its leadership in India’s renewable sector: - Commissioned **652 MW of renewable capacity in Q1 FY26**, including 560 MW under third-party EPC contracts. - Total utility-scale renewable portfolio stands at **5.6 GW (4.6 GW solar, 1 GW wind)**, with **1.6 GW planned** over the next three quarters of FY26. - Commissioned a **102 MW floating solar plant at Kayamkulam, Kerala**, and a **431 MW DC bifacial tracker-based solar project in Neemuch, Madhya Pradesh**—India’s first to combine single-axis trackers with bifacial modules, improving efficiency by 15%. - Commissioned **India’s largest Solar + Battery Storage System (BESS)**—a **100 MW solar PV with 120 MWh BESS**—in Chhattisgarh. - Installed a **record 270 MWp of rooftop solar in Q1 FY26**, bringing cumulative installations to over **200,000 systems** (3.4 GWp). - Commissioned a **4.9 GW integrated solar cell and module manufacturing plant in Tirunelveli, Tamil Nadu**, one of India’s largest single-location facilities. - Sold **107 MW of solar modules and 54 MW of cells**, generating ₹1,303 crore in Q1 FY26. **Strategic Collaborations:** - Partnered with **Tata Motors** to develop a **131 MW wind-solar hybrid project** powering manufacturing units in Maharashtra and Gujarat, reducing CO₂ by 200,000 tons annually. - Signed a **200 MW FDRE (Firm & Dispatchable Renewable Energy)** PPA with **NTPC**, expected to deliver 1,300 MUs/year and offset ~1 million tons of CO₂. - Secured an **88 MW RTC (Round-the-Clock) renewable project from SJVN**, to supply 580 MUs/year. - Expanded solar pump deployment to over **22,000 rural consumers** with TP Renewable Microgrid Limited (TPRMG), which reported ₹14 crore revenue in FY25. --- #### **2. Transmission & Distribution Excellence** Tata Power is a leader in transmission infrastructure and discom turnaround: - Operates **7,047 circuit kilometers (ckm) of transmission lines**, with **2,414 ckm under construction**, across six states. - Aims to exceed **7,000 ckm operational**, and expand to **>10,000 ckm in five years**. - **Tata Power Mumbai Transmission** secured ₹1,800 crore in regulatory approvals and commissioned key infrastructure like a **22kV GIS at Vikhroli** and a **125 MVAR reactor at Trombay**. - Won transmission projects in **Paradeep and Gopalpur (Odisha)** with 35-year operational rights, adding long-term cash flow stability. - Holds **2414 ckm under construction** and **2,400+ ckm** in strategic pipeline. **Distribution Highlights:** - Serves **12.8 million customers** in Mumbai, Delhi (TPDDL), Odisha (TPCODL, TPSODL, etc.), and Ajmer (TPADL). - Reduced **AT&C losses** to **0.04% in Mumbai**, **5.4% in Delhi**, and **17.5% in Odisha**. - Deployed **over 2.6 million smart meters** nationwide, enabling digital grid management and operational efficiency. --- #### **3. Consumer Energy Solutions & Innovation** ##### **Rooftop Solar** - Market leader for **nine consecutive years**, with **>3.4 GW installed** in rooftop solar. - Fully digitized order-to-installation process using **self-survey tools, Salesforce, AWS data lake, and ERP-CRM integration**. - Offers **39 standardized SKUs (1–10 kW)** and installations in **seven days**. - Active in **400+ cities** via **600+ channel partners** and **800 retailers**, with strategic expansion into Tier-2/3 cities. - Key partner in **PM Surya Ghar Muft Bijli Yojana**, with dedicated **Ghar Ghar Solar campaign**. - Raised **₹15,000 crore in EPC order book** (solar), and commissioned over **1 GW annually in FY25**—a first. ##### **EV Charging & E-Mobility** - Operates India’s largest EV charging network: - **5,488 public, semi-public, and captive EV charging points** in 600+ cities - **1.35 lakh home chargers** and **1,238 e-bus charging points** installed - **3 lakh+ registered users** on the **EZ Charge App** - Positioned as India’s leading **Electric Mobility Service Provider (E-MSP)**. - Launched **EZ Charge RFID cards** (5,000+ issued) for contactless charging in low-connectivity areas. - Partnered with **SBI under EV Mitra Scheme** for preferential financing. - OEM partner for **Tivolt EV, Montra, and Tata Motors**, supporting fleet, 2W, and 3W segments. - Plans to integrate **solar + storage at charging hubs** to build green, cost-efficient infrastructure. ##### **Home Automation (Tata Power EZ Home)** - Delivers smart switches, EV chargers, and automation systems. - Launched **Glass Elixir Touch Panels, SOS Panic Button, Smart EV Home Charging Box**. - Secured **10,000-unit EV charger order** and achieved **₹15.97 crore revenue** (YTD). - Over **21,000 customers** and **120,000 devices** deployed. - Patented **'Smart Switch Device'** with auto power restoration and **'Messaging-Based EV Charging Control System'**. --- #### **4. Digital & Technology Transformation** Tata Power is at the forefront of digital innovation in the energy sector: - **AWS Partnership**: Migrated 23 mission-critical apps to the cloud using **EKS and serverless architecture**, enhancing scalability and grid response. - Launched a **centralized AWS data lake** for real-time dashboards in solar sales, EV operations, finance, and procurement—eliminating Excel-based reporting. - Uses **AI/ML** for energy price forecasting, coal procurement optimization, digital twin soot blower control, and AI-powered safety video analytics. - Digitized land acquisition using **GIS integration and legal tracking**, managing 27,000+ acres. - Developed an **Open Charge Point Interface (OCPI)** for national e-MSP interoperability. - Implemented **Digital Unit Startup System** and **Advanced Distribution Management System (ADMS)** for efficient plant and grid operations. --- #### **5. Strategic Expansion & Future Projects** - **Pumped Hydro Storage**: Signed MoU with Maharashtra Govt. for **2,800 MW (1,800 MW Shirawata, 1,000 MW Bhivpuri)** project with ₹13,000 crore investment. Bhivpuri project to be commissioned by **Aug 2028**. - **Hydropower & Cross-Border Energy**: MoU with **Druk Green (Bhutan)** for **5 GW hydropower and renewables**, and developing a **600 MW project in Khorlochhu**, completion by 2029. - **Floating Solar**: Commissioned **213,460 bifacial modules at Omkareshwar**, generating 204,580 MWh/year and saving 32.5 million cu.m of water annually. - **Bio-energy & Rural Electrification**: Deploying **bio-methane microgrids in Uttar Pradesh**, with **3 locations operational on bio-CNG generators**, and scalable biogas solutions underway. - **Nuclear Energy Exploration**: Actively exploring **Small Modular Nuclear Reactors (SMNRs)** as India opens private sector participation. --- #### **6. Manufacturing & Supply Chain** - **TP Solar Limited (TPSL)**: Fully operational **4.3 GW cell and module plant in Tirunelveli**; over **90% utilization**, employing **3,700 people (80% women)**. - Over **100% domestic self-sufficiency** in modules, complying with ALMM mandates. - Produced **3.291 GW of modules and 846 MW of cells in FY25**. - Patented innovations: **weldless solar mounting structure, flexible adhesive solar modules, auto-fault isolation systems**, and **OCPP-compatible EV chargers**. --- ### **Financial & Operational Highlights** - **Total Energy Portfolio**: 25.7 GW (including pipeline), of which **65% is clean energy** - **Clean Energy Capacity**: ~11 GW (operational and under construction) - **T&D Business PAT**: ₹2,000 crore in FY25 (record year) - **Capex Plan**: ₹22,000 crore in current fiscal for infrastructure projects - **Net Debt/Equity Target**: Below 1.5x - **International Presence**: Strategic assets in **Indonesia, Bhutan, Georgia, Singapore, Zambia** --- ### **Sustainability & Circular Economy** - Repurposed **5,640 MT of coal bottom ash** into **pre-stressed concrete poles**, achieving **100% utilization**—won **ICQC Gold Award**. - Reduced diesel dependency in rural microgrids; piloted **dual-fuel diesel-biogas generators**. - Achieved **near-100% availability** in hydro, wind, and solar assets. - Over **1 million tons of CO₂ reduction** annually from renewable projects. --- ### **Corporate Leadership & ESG** - **Dr. Praveer Sinha**, CEO & Managing Director, has led the transformation toward a green, tech-enabled, customer-first energy company. - One of India’s largest campus recruiters in the utility sector—**821 trainees hired** in reporting period. - Focus on **skill development, gender inclusion (80% women in solar plant operations)**, and **rural employment**. ---