Tata Power pioneered the generation of electricity in India nine decades ago. Today, it is the largest private power utility in India. The core business of Tata Power Company is to generate, transmit and distribute electricity. The Company operates in two business segments: Power and Other. The Power segment is engaged in generation, transmission and distribution of electricity. The other segment includes electronic equipment, project consultancy.
Recognised as India's largest integrated Electric Power Utility in private sector with a reputation for reliability, built up over nearly eight decades. Tata Power has an installed generation capacity of 10757 MW. The Thermal Power stations of the company are located at Trombay in Mumbai, Jojobera and Maithon in Jharkhand, Belgaum in Karnataka and Mundra in Gujarat. The Hydro stations are located in Raigad district in Maharashtra and the Wind Farm in Ahmednagar. A correct combination of hydel and thermal enables the company to supply power at a lower tariff to customers. It incurs low T&D losses due efficient management of the network.
By Orders dated 18th October 2000, the High Court of Judicature at Bombay sanctioned the arrangement embodied in the scheme of Amalgamation of The Andhra Valley Power Supply Co. Ltd. and The Tata Hydro-Electric Power Supply Co. Ltd. with The Tata Power Co. Ltd., effective 1st of April 2000.
With the emerging scenario of economic liberalisation and globalisation, the Companies began to face several operational handicaps. Tata Electric becoming a single entity was an appropriate step towards overcoming such and other limitations.
The single large merged company has stronger balance sheet and greater leverage to participate in large projects. This will also bring about greater liquidity of the Company's stocks.
BSE Limited, India; Symbol: TATA POWER; Scrip code: 500400
National Stock Exchange of India Limited (NSE), India; Symbol: TATAPOWER EQ
Greater Mumbai & Suburbs, Raigad District in Maharashtra, Belgaum in Karnataka & Jojobera in Jamshedpur