Integrated Annual Report 2021-22
Tata Power in FY22
A high-powered year

Financial

Delivered returns, upgraded ratings and progressing well on deleveraging.

Revenue
₹ 42,576 crore
28%
EBITDA
₹ 8,191 crore
3%
PAT
₹ 2,156 crore
50%
RoCE
7.8%
RoE
9.5%
Debt to equity ratio
1.53

Credit rating upgrades

Ba2 (Stable) from Ba3 (Stable) by Moody’s

BB Rating (Stable) from B+ Rating
(Positive)
by S&P Global

Strategic partnership

with BlackRock Real Assets along with Mubadala Investment Company for investing ₹ 4,000 crore in our Green business

New acquisitions

Completed acquisition of NRSS XXXVI Transmission Limited (NRSS)

LOI received for acquisition of South- East UP Power Transmission Company Limited

Operational

Solar portfolio shines, new partnerships for EV and increasing customer base.

Total power generation
44,383 MUs
Tata Power Solar Rooftop EPC
ranked #1 for 8 years in a row
Utility scale Solar order book
3 GW
Across 352 cities
2,200+ public EV charging points installed
HPCL, Apollo Tyres, Lodha, Rustomjee, TVS Motor Company, among others
Comprise large partnerships
entered during the year
Empaneled for
84 MW Rooftop Solar Project
for domestic consumers across all districts of Kerala
Clean Green capacity commissioned
707 MW
Achieved reduction in AT&C losses in Odisha Discom
Signed MoU with NAREDCO* to install
5,000 EV charging points
across Maharashtra

*National Real Estate Development Council

ESG

Demonstrated progress and leadership across all ESG parameters.

Environment

Clean energy portfolio
34%
Saplings planted
13.4 lakh
GHG emissions reduction
20%
Aligned to Science Based Targets Initiative (SBTi)
Carbon intensity
0.794 tCO2e/MWh
Aligned to Task Force on Climaterelated Financial Disclosures (TCFD)

Social

Total employee training hours
7,84,761
Customers served
12.3 million
CSR spend
₹ 32.8 crore

Governance

67/100
First time rating
Top ranked indian energy utilities
B+(66.7/100)
16% Score improvement from B- (FY20)
67/100
Top ranked indian energy utilities
80th percentile globally
Score increase by 40%
Score improvement
from C to B (CDP Water)