#FUTUREREADY

Empowering customers for tomorrow’s world

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Serving our customers and community has always been the cornerstone of the Tata Group’s philosophy. Being at the forefront of innovation, The Tata Power Company Limited (Tata Power) has consistently delivered sustained value to its stakeholders and constantly challenged the status quo for continuous improvement and better service delivery.

We believe in accelerating the transition to a sustainable future and our #futureready approach has enabled us to carefully strategise our business offerings and empower customers for tomorrow’s world.

PERFORMANCE HIGHLIGHTS FY21

Delivering with responsibility

As India’s largest integrated power company, we aim to be the partner of choice for all our stakeholders and usher in a future of smart energy solutions for our customers

The integrated and responsible use of our Natural, Financial and Manufactured capitals boosts our efforts to provide smart, future ready energy solutions for our customers

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Responsible resource consumption

0.687 tCO2e/MWh

Carbon intensity

7.5%

reduction in coal consumption

Robust financial growth

`33,079 crore

Revenue generated

`1,439 crore

Profit After Tax

Enhanced generation & distribution of power

31%

Clean & green capacity

4 Discoms

acquired in Odisha

500+ MW

Rooftop solar

30,000+

Solar pumps

We create a culture of innovation, facilitating our inspired workforce to develop energy efficient technologies and sustainable solutions

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Diverse & talented workforce

8.6%

New employee hire rate

20%

women leaders on Tata Power’s Board of Directors

Innovations to deliver operational excellence

40 member

Innovation council across divisions

6

patents filed in FY21

We engage and empower our customers and other stakeholders to embrace tomorrow’s smart energy solutions

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Improving the lives of our customers and communities

532 Public EV charging points

in over 92 cities, showcasing our commitment towards green mobility installed

161 microgrids

Commissioned with over 4.8 MW installed capacity, building a future ready rural India

BUSINESS AT A GLANCE

Enabling smart energy solutions for a future ready customer

At Tata Power, we aim to translate promise into action and build a future that supports sustainable energy transition. With a 107 year old legacy, we continue to empower customers to be #Futureready and pave the way for a smarter and greener tomorrow. Our integrated presence across the energy value chain has been further strengthened with our diverse business portfolio supporting our ambition as the first power utility in India to commit to ‘Carbon Neutrality’ before 2050.

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Renewable Energy Generation

Transmission & Distribution

Manufacturing

Utility scale solar EPC

Conventional Energy Generation

New Business

Power trading

Services Business

CEO AND MD’S MESSAGE

Being proactive.
Staying resilient.

We collectively stood strong in the face of adversity, demonstrating resilience, innovation and agility across the organisation.

As a purpose driven Company, we tapped into all our resources and capabilities to produce actionable impact for our stakeholders and help combat a profound health and humanitarian crisis. The road ahead is clear and we are committed to achieving equitable growth that makes a positive difference to our people and our planet.

Dr. Praveer Sinha CEO & MD
The Tata Power Company Limited

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OUR STRATEGY

Our Strategic Business Objectives

SBO 1

Profitable scale-up of Renewables, Distribution, Services and Energy Solutions business

SBO 2

Focus on Sustainability with an intent to attain carbon neutrality

SBO 3

Maintaining financial leverage at targeted levels

SBO 4

Leverage digital platforms to drive new customer centric businesses

SBO 5

Develop future energy products and solutions

SBO 6

Create an engaged, agile, customer centric and future ready workforce

SBO 7

Minimizing coal cost under recovery in CGPL

SBO 8

Set new benchmarks in operational excellence and nancial returns for existing businesses

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Aspirations that drive us forward

2025

Pursue 2 GW of solar and hybrid capacities annually to grow from 4 GW to 15 GW

2026

Achieve 100% water neutrality and zero waste to landfill (biodegradable)

2030

Pursue 2 GW of solar and hybrid capacities annually to grow more than 25 GW

2050

Become 100% water positive

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Our
value-creation paradigm

Manufactured Capital

Co-creating the future of sustainable energy

Tata Power is committed to fulfilling the growing energy requirements of a developing India in a sustainable manner. We have embarked on an ambitious journey to transform our energy generation portfolio towards ‘clean and green’ energy sources and attain carbon neutrality before 2050.

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Our
value-creation paradigm

INTELLECTUAL CAPITAL

Innovation to reinvent energy for tomorrow

Innovation is the key catalyst of value creation at Tata Power. The intellectual capital that we have nurtured and grown for years resides at the core of our strategy and operational excellence. Our approach is to leverage on our intellectual capital and steadily enhance and enrich our business portfolio to drive sustainable growth and deliver smart energy solutions, empowering our customers to be future ready.

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Our
value-creation paradigm

HUMAN CAPITAL

Fostering a differentiated employee value proposition

At Tata Power, our human capital is not only a strategic differentiator, but is at the heart and soul of our existence. We consistently strive to create an environment that supports our employees’ growth and aspirations. Together with a 107-year old legacy, we leverage our robust and collective pool of knowledge, skills, competence, technical expertise, experience and innovative culture to drive shared organisational objectives and maximise stakeholder value.

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Our
value-creation paradigm

SOCIAL & RELATIONSHIP CAPITAL

Collective growth through shared value

As India’s largest integrated power company, we strive to delight our customers with smart and future ready energy. We continue to co-create a sustainable future along with our stakeholders by building a resilient society and drive sustainable growth.

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Our
value-creation paradigm

FINANCIAL CAPITAL

Creating lasting value with a prudent approach

At Tata Power, we consistently strive towards sustained value creation of all our stakeholders. With the con dence and undeterred support of our shareholders, we continue to secure cost e ective resources required to scale-up our business and generate risk adjusted sustainable returns for our shareholders.

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Our
value-creation paradigm

Natural CAPITAL

Catering to our customers’ needs in harmony with nature

As India’s largest integrated power company, Tata Power is cognizant about the scale of impact its operations has on the environment. Proudly embracing our responsibilities, we have chosen to lead by example on environmental stewardship and ensure a positive outcome for our customers, communities and other stakeholders. We have taken ambitious targets to realize our vision of being carbon neutral, internalising circular economy on water and waste management and being a benchmark in the utility sector.

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VALUE CREATION MODEL

Co-creating sustainable value for all

Our Vision

Empower a billion lives through sustainable, affordable and innovative energy solutions

Our stakeholders

Board of Directors & Leadership

Suppliers

Investors

Lenders

Regulators

Employees and Employee Unions

Customers

Community

Civil Society

Media

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OUR COVID‐19 RESPONSE

Plan. Protect. Enhance (PPE)

Tata Power deployed a ‘PPE’ strategy, further to our Business Continuity Plan (BCP), to safeguard its employees, stakeholders and the larger community from the adverse impacts of the COVID-19 pandemic.

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A glimpse into Tata Power’s COVID-19 interventions

10,03,251

people supported with food grains, meal donation and Public Distribution System (PDS) linkages

8,322

migrant workers surveyed for essential service benefits

6,42,880

people covered under health awareness, disinfectant spray and drinking water initiatives

7,08,238+

masks created and distributed by women artisans at DHAAGA (Tata Power initiative) across states

Statutory
Reports

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Financial Statements

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Download Integrated Report

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