Gaining Leadership
in Green Energy
Tata Power is at the forefront of the transition towards green energy. As one of India’s largest integrated power companies, we have gained a leadership position in the sector. It aligns with the country’s ambition of being net zero by 2070 and demonstrates our future readiness aided by the adoption of technology and the development of innovative business models.
Energising Transformation for Our Stakeholders
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A Year of High-powered Growth
1.03
Net debt to equity
2.66
Net debt to underlying EBITDA
BB+/ Stable
S&P Global rating upgraded
Capital infusion
` 4,000 crore capital infusion into renewable business by external investors- BlackRock and Mubadala
New acquisitions
Completed acquisition of NRSS XXXVI Transmission Limited (NRSS) and South East UP Power Transmission Company Limited (SEUPPTCL)
54,052 MUs
Total power generation
595 MW
Clean and green capacity commissioned
4+ GW
Utility-scale Solar EPC order book
12.9 million
Customers served
4.6 GW
Manufacturing capacity of solar cells and modules including under construction
3,700+
Public EV charging points energised
37%
Clean and green portfolio
13.8%
RE procured by Mumbai and Delhi Discoms
4.5 million
Trees planted
7%
Carbon intensity reduction
6.7+ lakh
Total employee training hours
` 50 crore
CSR Spend
` 56,033 crore
Revenue
32% 
` 10,068 crore
EBITDA
23%
` 3,810 crore
PAT
77%
9.3%
RoCE
(FY22 - 7.8%)
12.6%
RoE
(FY22 - 9.5%)
` 2
Dividend declared per share
(FY22 - ` 1.75)
Decarbonising
for Tomorrow
Spearheading decarbonisation through innovative and proactive initiatives.
Decarbonising Across the Value Chain
KNOW MOREWe recognise that achieving genuine decarbonisation requires addressing the entire value chain, encompassing both upstream and downstream sectors.
Empowering
for a Green Future
Our renewables business has expanded significantly across EPC, utility-scale, and rooftop, solidifying our leadership further. Our leadership in the EV charging space was further strengthened with a network of 3,700+ public and captive EV charging points energised across 351 cities and towns.
DR. PRAVEER SINHA CEO & MD, The Tata Power Company Limited
KNOW MORE MEET THE BOARDDecarbonisation Roadmap
We are dedicated towards achieving a sustainable and green future for India. We have pledged to achieve 100% generation through clean and green portfolio before 2045, by prioritising universal energy access, energy efficiency, breakthrough clean technologies, and electric mobility.
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Our ESG
Commitments
We have established a strong sustainability governance framework to guide, execute, and oversee sustainability-focused decisions and actions.
KNOW MOREStrategy to Drive The Clusters
Our four key business clusters are propelled by the opportunities, strategy, and enablers aligned to the evolving market context, ensuring profitable and sustained growth.
Generation
We manage conventional and hydro power assets across North, West, and East India, with a combined capacity of over 10,000 MW.
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Transmission and Distribution
Our T&D cluster serves 12.9 million customers and has about 4,194 Ckm of transmission lines. In the long-term, the business expects to achieve its objectives under the SOAR strategy.
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Renewables
Renewables Cluster encompasses large-scale solar, wind, and hybrid projects, as well as the production of solar modules and cells, solar engineering, procurement and construction (EPC), and solar pumps.
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New-age Energy Solutions
Our new-age energy solutions are crucial in promoting long-term business sustainability and facilitating our shift to a more eco-friendly, customer-centric energy provider.
KNOW MORESustainable Is Attainable
In partnership with News18 Network, we have launched an initiative to fast-track India's green-energy transition.
The objective of the campaign is to spread and promote the use of eco-friendly and clean energy in India, making it possible for millions of Indians to achieve a sustainable lifestyle by adopting green products and solutions.
Sustainable
Strategy in Action
Profitable scaling-up of Renewables, Transmission & Distribution, Services and Energy Solutions business
TARGETS
Increase share of clean and green portfolio in Company's portfolio to 70% by 2030
40 million customer base across distribution businesses by FY28
Being the leading EV charging network provider in India
PROGRESS
37%
Clean and green
12.9 million
Customer base in T&D
3,700+
Public EV charging points energised across 351 cities and towns
Focusing on sustainability, with an intent to attain carbon and water neutrality
TARGETS
Attain carbon net zero
before 2045
Reduce specific fuel consumption by improving operational efficiency
Benchmark in waste management (gainful fly ash utilisation)
PROGRESS
595 MW
Clean and green capacity commissioned
21.5 MT
Coal consumption in FY23
94.6%
Current fly ash utilisation
Maintaining financial leverage at targeted levels
TARGETS
Strengthening of balance sheet by reducing debt to a more sustainable level
Adopting debt-light models through innovative financial engineering and restructuring
PROGRESS
1.03
Net debt to equity ratio
1.52
Interest coverage ratio
2.66
Net debt to underlying EBITDA
73%
Capex financed through internal accruals
`4,000 crore
Capital infusion by BlackRock and Mubadala for Renewables business
Leveraging digital platforms to drive customer-centric businesses
TARGETS
Establishing digital platforms for new businesses like EV charging, home automation and energy services
Leveraging data analytics to deliver customised solutions and value-added services (VAS) to customers
Generating insights from various customer data across businesses to improve offerings
PROGRESS
Investments in smart grid technologies such as smart meters, sensors, IOTs to make more intelligent and efficient network
Development and upgradation of energy storage and battery system specially to meet high energy demand due to EV charging solutions etc.
State-of-the-art customer feedback and analytics systems
Established policy for data privacy and security
C-SAT score above 90% for Mumbai & Delhi Discoms
Developing future energy products and solutions
TARGETS
Focusing on adapting and introducing new models for satisfying energy needs of the customers
Becoming the one-stop-solution provider for varied customer needs on energy through integrated offerings
PROGRESS
5.1+ lakh
Smart meters installed across Mumbai, Delhi and Odisha
- Smart energy meter based VAS for distribution customers
- Green power open access solutions
- Green term ahead market participation
- Floating solar
Established and well received offerings:
- Green Power (Mumbai distribution)
- Solar rooftop business offerings
- Microgrids
- ESCO solutions
Creating an engaged, agile, and future-ready workforce
TARGETS
Enhancing employee engagement, and targeting to be amongst the employers of choice
Building organisational capabilities to drive customer-centricity
Creating next generation leaders
PROGRESS
93%+
Retention rate
6.7+ lakh
Training hours in FY23
18,614 hours
Training for customer-facing personnel
73,265
Hours of Training for middle and senior management
303 hires
From business/engineering schools/institute
Tiered leadership development programmes – SLDP, AYLP and ELP
Minimising coal cost under recovery in Mundra Plant
TARGETS
Optimising the coal cost under recovery through better coal sourcing, and optimal blending
Operating plant at optimum efficiency levels and achieving better operational parameters
PROGRESS
40%
Blend
Supplementary PPA is under discussion with full pass through of coal
Aligned to production levels enabled by regulatory norms
Setting performance yardsticks for existing businesses
TARGETS
Achieving benchmark performance in various operational parameters in thermal and hydro plants
Maximising incentives in regulated businesses
Operating RE portfolio at benchmark, and above design parameters to increase the yield
Aggregated Technical and Commercial (AT&C) loss reduction in Odisha Discoms
Improving asset performance by maximising digital initiatives
PROGRESS
Reduction in forced outage Use of digital platforms and analytics to optimise plant performance
`76 crore
Total incentives earned
Availability improvement and generation optimisation through technology interventions
9%
Reduction at overall level
New age initiatives such as customer service chatbot Introducing industry 4.0 technology including Artificial Intelligence in operations
Delivering Value
Empowering and guiding stakeholders to collectively create value for all.
Stakeholders' Focus and Issues of Significance
A crucial step in creating value is preserving and strengthening stakeholder trust, which calls for transparent and responsive stakeholder engagement.
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