Tata Power Company Share Price

Tata Power Company Limited

Tata Power Company Limited is India's largest integrated private power company, with a significant international presence. The company was among the pioneers in generating electricity in India more than a century ago. Tata Power has an installed generation capacity of 14,453 MW in India and a presence across the entire power value chain, including Generation (thermal, hydro, solar, and wind), Transmission, Distribution, Trading, and Power Services.

Subsidiaries and global reach

• Tata Power Delhi Distribution Limited: A joint venture with the Delhi Government for power distribution in North Delhi.
• Powerlinks Transmission Ltd.: A joint venture with Power Grid Corporation of India Ltd. for the evacuation of power from the Tala hydro plant in Bhutan to Delhi.
• Maithon Power Ltd.: A joint venture with Damodar Valley Corporation for a 1,725 MW mega power project in Jharkhand.
• International presence: Strategic investments in Indonesia (PT Kaltim Prima Coal), Singapore (Trust Energy Resources), South Africa (Cennergi), Australia (investments in clean coal technologies), and Bhutan (hydro project partnership with the Royal Government of Bhutan).

Historical milestones

• 1915: Commissioned its first hydroelectric power generating station at Khopoli with an installed capacity of 40 MW, subsequently upgraded to 72 MW.
• 1984: Commissioned India's first 500 MW generating unit with multi-fuel burning capability at Trombay.
• 2006-07: Completed the acquisition of 30% equity in Indonesian coal mines PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia.
• 2016: Tata Power Renewable Energy (TPREL) signed an agreement to acquire Welspun Renewables Energy, marking the largest transaction in the renewables space in India.

Business model and operations

• Power generation: Thermal (coal, gas, and oil), hydroelectric, renewable energy (wind and solar PV), and waste heat recovery.
• Transmission and distribution: Successful public-private partnerships in transmission and distribution across India.
• Power trading and services: Tata Power Trading Co. Ltd. for power trading business.
• Consumer-facing businesses: Solar rooftop, solar pumps, EV charging, home automation, and microgrids.

Innovations and product development

• Ultra mega power project: Developed India's first 4,000 MW Ultra Mega Power Project in Mundra, Gujarat, based on supercritical technology.
• Renewable energy: One of the largest renewable energy players in India with 5,593 MW of clean energy generation, constituting 39% of its total capacity.
• Electric vehicle infrastructure: Set up additional electric vehicle charging stations at strategic locations in Mumbai.

Financial performance (Q1 FY25)

• Revenue: 12% year-on-year increase to a record high of ₹16,810 crore.
• EBITDA: 11% year-on-year growth at ₹3,350 crore.
• Net profit: 4.20% year-on-year rise to ₹1,188.63 crore; 31% increase excluding exceptional items.
• Order pipeline: Combined order pipeline for utility-scale EPC and solar rooftop, including group captive, stands at ₹15,500 crore.

Strategic developments

• Renewable energy expansion: Plans to achieve a 15 GW clean energy portfolio in five years, up from the existing 9 GW. Setting up a new 4.3 GW solar cell and module manufacturing plant in Tamil Nadu.
• Partnership with NHPC renewable energy: Signed an MoU to install rooftop solar projects on government buildings under the PM Surya Ghar Yojana Scheme.
• Electric vehicle charging: Surpassed the installation of 1 lakh home EV chargers and has a growing pan-India network of over 5,600 public/captive chargers.
• Capex plans: ₹20,000 crore planned capex for FY25, over and above the ₹12,000 crore invested in FY24.

Outlook overview

Tata Power Company Limited is a leading integrated power company in India with a diversified portfolio spanning the entire power value chain. The company's focus on renewable energy, strategic partnerships, and innovative solutions positions it at the forefront of India's clean energy transition. With a strong financial performance, ambitious capex plans, and a commitment to achieving carbon neutrality before 2045, Tata Power is well-poised to drive sustainable growth and power progress at scale.