Trust Energy Resources Pte. Ltd.

As India’s largest private power utility, Tata Power has set the momentum of growth by aspiring to grow ten times in ten years. In order to support the exploding growth of thermal energy generation business, vertical integration into coal sourcing and overseas fuel logistics is critical. With this objective in mind, Trust Energy Resources Pte Ltd (Trust Energy) was incorporated in Singapore as a 100% wholly owned subsidiary of Tata Power, India on the 5th of February 2008.

The primary rationale for Trust Energy is to securitize coal supply and shipping of coal for Tata Power’s thermal power generation operations. A standalone business entity on its own, it will cater to third-party business as well for maximising shareholder value by taking advantage of market opportunities at right junctures. The main business activities of the company are:

(1) Ship owning / chartering and operating

(2) Investment in coal mining assets/companies, and

(3) Trading in coal

The company will have a portfolio of long term charters and owned dry bulk carriers in its fleet for overseas transport of Coal from sources such as Indonesia, Australia and South Africa.

Trust Energy has a vision of becoming a world-class dry bulk shipping company with global standards in its operations, generating trust, dependability and reputation. It will be one of the biggest fleet owners of Capesize bulk carriers in Asia with business operations spread across the world.