Tata Power: A Power Story

Tata Power Company Limited is a Mumbai-based electric utility company that is a subsidiary of the Tata Group. The company's primary business is to generate, transmit, and distribute electricity. It is India's largest integrated power company, with an installed capacity of 10,577 MW. Tata Power was ranked third in the IIM Udaipur's 2017 Responsible Business Rankings. Tata Power became the first Indian company to ship over 1 GW of solar modules in February 2017.


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A 2016 stamp memorialising Tata Power's centennial

The Tata Hydroelectric Power Supply Company was founded in 1910 and merged with the Andhra Valley Power Supply Company in 1916. In 1915, it commissioned India's second hydroelectric project in Khopoli, with a capacity of 72 MW. Then, in 1919 and 1922, Bhivpuri (75 MW) and Bhira (300 MW) power plants were installed.


Operations

Tata Power is a multinational conglomerate with operations in India, Singapore, Indonesia, South Africa, and Bhutan. Tata Power Group operates in 35 locations throughout India.

Trombay in Mumbai, Mundra in Gujarat, Jojobera and Maithon in Jharkhand, Kalinganagar in Odisha, Haldia in West Bengal, and Belgaum in Karnataka are the company's thermal power stations. Hydropower stations are located in Maharashtra's Western Ghats, while wind farms are located in Ahmednagar, Supa, Khanke, Brahmanwel, Gadag, Samana, and Visapur. At Trombay, the company installed India's first 500 MW unit, the country's first 150 MW pumped storage unit, and the country's first flue gas desulphurization plant for pollution control. It has generation capacity in Jharkhand and Karnataka, as well as a distribution company in Delhi that serves over one aware of these trends spread across 510 square kilometres in North Delhi. This area's peak load is approximately 1,150 MW. Tata Power announced the commissioning of the second unit of the Maithon mega thermal project in Dhanbad on 24 July 2012. In September 2011, the first unit of equivalent capacity was commissioned.



Significant power plants installations

Mundra's ultra-megawatt-scale power plant. A 4,000 MW (5800 MW) coal-fired thermal power plant in the Gujarat town of Mundra. This plant is completely operational.

Thermal Power Station of Trombay. Trombay Thermal Power Plant is a 1,580 MW thermal power station located near Mumbai, Maharashtra. This plant is completely operational.

Maithon Thermal Power Plant A 1,050 MW (2,525 MW) coal-fired thermal power plant is under construction in Maithon, Dhanbad, Jharkhand. This plant is completely operational. Maithon Power Limited, a 74:26 joint venture between Tata Power and Damodar Valley Corporation, owns this power plant.

Jojobera Thermal Power Station. A 427.5 MW (67.5 MW and 3120 MW) coal-fired thermal power plant at Jojobera in the Jharkhand district of East Singhbhum. This plant is completely operational.



Operations on a global scale

The company has completed projects in the Middle East, Africa, and South East Asia, including the Jebel Ali 'G' station (4100 MW + desalination plant) in Dubai, Al-Khobar II (5150 MW + desalination plant) and Jeddah III (464 MW + desalination plant) in Saudi Arabia, Shuwaikh (550 MW) in Kuwait, EHV substations in the UAE and Algeria, and contracts for power plant operation and maintenance

Tata Power has a subsidiary in Russia, Far Eastern Natural Resources LLC, which holds a coal mining licence in Kamchatka Krai.



Division of Strategic Engineering

For over four decades, the firm's Strategic Engineering Division (SED) has been involved in defence systems and engineering. It collaborates with the Ministry of Defense and laboratories to develop products and solutions to meet the country's defence requirements.

It has already cleared the very first two lots of Pinaka launchers and command posts through the Joint Receipt Inspection (JRI); the third and fourth lots have recently performed factory acceptance tests. Tata Power's Strategic Electronics Division won an intense competition contract worth Rs 1,000 crore to modernise 30 Indian Air Force airbases.




Problems

Due to significantly higher coal prices than anticipated in the planning stages and a fixed price arrangement, the Mundra plant suffered significant losses in 2012. As a result of three consecutive years of losses, the company's cash flow became an issue. In January 2014, the company paid $500 million for a 30% stake in Indonesian coal industry PT Arutmin. In July 2014, it signed a $250 million option to sell a 5% stake in Indonesian mining company Kaltim Prima Coal.


Future endeavours

Tata Power and PowerGrid Corporation of India have formed a 51:49 joint venture to develop the 1,200 km (750 mi) Tata transmission project, India's first transmission project to be underwritten through a public-private partnership.

Tata Power plans to boost the generation capacity of the country's first operational ultra mega power plant, the 4,000 MW Mundra plant, to 5,600 MW.

Additionally, the company has a 74:26 joint venture with Damodar Valley Corporation to develop a 1,050 MW coal-fired thermal power plant in Maithon, Jharkhand, called Maithon Power Limited. Both units commenced operations on 24 July 2012. It also has a 74:26 joint venture with Tata Steel Limited to develop thermal power plants to meet Tata Steel's captive requirements, dubbed Industrial Energy Limited.

Tata Power has announced a partnership with Australian based Sunengy to develop India's first floating solar plant using Liquid Solar Array technology.

Tata Power made significant inroads into India's renewable energy market in 2016 when it acquired Welspun Renewables for a record price of $1.3 billion, the highest ever paid for a renewable energy employer in the country.

Tata Power acquired a 25-year distribution and retail electricity supply licence in Odisha's five circles, which together form the Central Electricity Supply Utility of Odisha (CESU), for approximately Rs 175 crore.




Shareholding

Tata Group owned 32.47 percent of Tata Power as of 15 November 2017. Around 210,000 individual shareholders own approximately 14% of the company. With a 12.90 percent stake in the company, Life Insurance Corporation of India is the largest non-promoter shareholder.



Current Shareholders

Promoters of Shareholdings: Tata Group companies

Foreign Institutional Investors 32.47 percent

Insurance Companies 24.53 percent

Individual shareholders: 21.59 percent

GDRs 14.08 %

Others 3.22 percent


Tata Power's equity shares are listed on the Bombay Stock Exchange as a component of the BSE SENSEX index, and on the National Stock Exchange of India as a component of the NIFTY 50 index.

The London Stock Exchange and the Luxembourg Stock Exchange both list its Global Depository Receipts (GDRs).

Tata power is currently trending at Rs241 on NSE on 11th Jan 2022, 1pm.




Honors and distinctions

The Singapore Government presented Tata Power's Singapore-based subsidiary Trust Energy Resources with the 'International Maritime Awards 2013'. Along with incentives, the award provides the company with a tax exemption for shipping operations.

Tata Power received two awards at the 2013 Power Line Awards: 'Best Performing Private Discom' for its Delhi distribution arm Tata Power Delhi Distribution Limited and 'Best Performing Renewable Company' as a runner-up.

Trombay Thermal Power Station received the 2011 Greentech Safety Award for Safety Management in the gold category (in the thermal power sector).

Tata Power received the 2011 BML Munjal award for excellence in learning and development. Tata Power was named the winner of the award in the private sector category.


 

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