 | |
| Company type | Public |
|---|---|
| Industry | Electric utility |
| Founded | 18 September 1919; 106 years ago (1919-09-18) |
| Founder | Dorabji Tata |
| Headquarters | Bombay House, 24 Homi Mody Street,Mumbai,Maharashtra,India |
Key people | Praveer Sinha[1] (MD & CEO) |
| Products | Electrical power & Natural gas |
| Services | Electricity generation anddistribution, natural gasexploration,production, transportation and distribution |
| Revenue |  ₹66,992 crore (US$7.9 billion) (FY2025) |
| ₹11,326 crore (US$1.3 billion) (FY2025) | |
| ₹4,775 crore (US$560 million) (FY2025) | |
| Total assets | ₹156,711 crore (US$19 billion) (FY2025) |
| Total equity | ₹42,606 crore (US$5.0 billion) (FY2025) |
Number of employees | 23,652 (2024)[2] |
| Parent | Tata Group |
| Subsidiaries |
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| Website | www |
| Footnotes / references Financials as of 31 March 2025[update].[3] | |
Tata Power Company Limited is an Indianelectric utility andelectricity generation company, based inMumbai and part of theTata Group. With an installed electricity generation capacity of 14,707 MW fromthermal power andgreen energy sources, it is India's largest integrated power company. In February 2017, Tata Power became the first Indian company to ship over 1 GW solar modules.[4]
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The firm started as the Tata Hydroelectric Power Supply Company in 1910,[5][6] which amalgamated with the Andhra Valley Power Supply Company in 1916.[7] It commissioned India's Secondhydro-electric project in 1915 inKhopoli for 72 MW. Then second and third power plants were installed inBhivpuri (75 MW) in 1919 andBhira (300 MW) in 1922.[8][9][10]
Tata Power has operations in India, Singapore, Indonesia, South Africa, Zambia, Georgia,Mauritius and Bhutan.[11] Tata Power Group has its operations based in 20 locations in India.[11]
Thethermal power stations of the company are located atTrombay inMumbai,Mundra inGujarat, Jojobera andMaithon inJharkhand,Kalinganagar inOdisha,Haldia inWest Bengal and Bangalore inKarnataka.[12] The hydro stations are located in the Western Ghats of Maharashtra and the wind farms inAhmednagar,Supa, Khanke, Brahmanwel,Gadag,Samana andVisapur.[12] The company installed India's first 500 MW unit at Trombay, the first 150 MW pumped storage unit atBhira, and aflue gasdesulphurization plant forpollution control at Trombay.[13] It has generation capacities in the States ofJharkhand andKarnataka, and a distribution company inDelhi, servicing over one million consumers spread over 510 square km in the North Delhi. The peak load in this area is about 1,150 MW.[14] Tata Power announced on 24 July 2012, commissioning of the second unit of 525 MW capacity of the Maithon mega thermal project in Dhanbad. The first unit of identical capacity was commissioned in September 2011.[15]
It also has a distribution company in Ajmer,Rajasthan.And only produces Green Energy inRajasthan which includes 755 MW of solar energy(Tata Power Solar) and 185 MW of Wind Energy taking total green energy generation to 940 MW.[11]
Tata Power has established a 4.3 gigawatt (GW) solar module manufacturing plant near Tuticorin in Tamil Nadu which is expected to be fully functional by end of October, 2024.[16]
The company has executed overseas projects in theMiddle East,Africa andSouth East Asia including:[17][18][19]
In cause of dramatically higher coal prices as assumed in the plannings and a fixed price arrangement the Mundra plant in 2012 made big losses.[21] After three successive years of losses as a result, cash flow was becoming an issue for the company. In January 2014 the company sold a 30 percent stake in Indonesian coal company PT Arutmin for $500 million. In July 2014 it signed an option to sell a 5 percent stake in Indonesian coal company Kaltim Prima Coal for $250 million.[22] As of March 2024, Tata Power's consolidated debt stood at Rs.49,480 crore.[23]
Tata Power has a 51:49 joint venture withPowerGrid Corporation of India for the 1,200 km (750 mi) Tata transmission project, India's first transmission project executed withpublic-private partnership financing.[24]
Tata Power has plans to expand generation capacity of 4,000 MW Mundra plant, the country's first operational ultra mega power project, to 5,600 MW.[citation needed]
The company also has a 74:26 joint venture withDamodar Valley Corporation for 1,050 MW coal-based thermal power plant at Maithon in Dhanbad district of Jharkhand, named as Maithon Power Limited. Both units were commissioned on 24 July 2012. It has another 74:26 joint venture with Tata Steel Limited for thermal power plants to meet the captive requirements of Tata Steel, under name Industrial Energy Limited.
Tata Power has announced its partnership with Sunengy an Australian firm to build India's first floating solar plant based on Liquid Solar Array[clarification needed] technology.[25][26][27]
In 2016, Tata Power made significant inroads into therenewable energy market in India by means of its acquisition ofWelspun Renewables, for a record price of $1.3 billion, the largest acquisition in the Indian renewables sector.[28]
Tata Power bagged a 25-year licence for distribution and retail supply of electricity in Odisha's five circles, together constituting Central Electricity Supply Utility of Odisha (CESU) for about Rs 175 crore.[29][30]
On December 11, 2023, Tata Power andIndian Oil Corporation announced a partnership to establish over 500electric vehicle (EV) charging points across India, aiming to enhance the country's EV infrastructure and facilitate intercity travel for EV users.[31]
On 17th September 2024, CEO Praveer Sinha informed that the company planned to invest up to $9 billion to more than quadruple its renewable energy capacity to more than 20 gigawatts (GW) over the next five to six years.[32][33]
As on 25 December 2023,Tata Group held 32.46% shares in Tata Power. Around 210,000 individual shareholders hold approx. 16% of its shares.Life Insurance Corporation of India is the largest non-promoter shareholder in the company with 12.90% shareholding.[34][35]
| Shareholders | Shareholding[34] |
|---|---|
| Promoters: Tata Group companies | 32.46% |
| Foreign Institutional Investors | 23.67% |
| Insurance Companies | 19.45% |
| Individual shareholders | 16.04% |
| GDRs | 3.70% |
| Others | 4.68% |
The equity shares of Tata Power are listed on theBombay Stock Exchange,[36] where it is a constituent of theBSE SENSEX index,[37] and theNational Stock Exchange of India,[38] where it is a constituent of theNIFTY 50.[39]
Its Global Depository Receipts (GDRs) are listed on theLondon Stock Exchange[40] and theLuxembourg Stock Exchange.[41][42][43]
{{cite news}}:|last1= has generic name (help)CS1 maint: numeric names: authors list (link)Tata Power today said its Russian subsidiary Far Eastern Natural Resources LLC has bagged the mining licence for a thermal coal mine in Kamchatka province in far east Russia.
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