Manufactured Capital

The future of energy infrastructure


Over the next decade, the Indian economy will continue to grow at a rapid pace and a key enabler of that will be India’s ability to fulfil its energy needs. Our future growth would be to enhance customer experience of the energy consumer like never before by focusing on innovation and technology, with emphasis on renewable power, power distribution and service-led business. This will bring in greater value and help us align with emerging consumer needs.

Mr. Praveer Sinha, CEO and MD

Tata Power relies on developing assets to create long-term value for its stakeholders. We are committed to growing responsibly and delivering superior products and services to our consumers. Our growth is driven by our strategic objectives, which take into account the material issues that impact our business. We also factor in the inherent risks involved in asset development and address relevant stakeholder concerns. Our asset and product development significantly influence our performance across other capitals as well.

Our asset portfolio

  • Power generation facilities
  • Power transmission facilities
  • Distribution and substation facilities
  • Solar cell and module manufacturing

Our product portfolio

  • Solar PV panels
  • Microgrids
  • Solar pumps
  • Batteries
  • Smart appliances
  • EV Charging Infrastructure
  • Solar RO systems Manufactured


421 MW

Of Solar rooftop EPC business,
including 28 MW of solar
rooftop under PPA

1.9 GW

Solar PV modules shipped
globally by Tata Power Solar
Systems Limited

312 MW

Of solar power generation
capacity added in FY20

700 MW

Solar projects under various stages
of implementation under Tata
Power Renewable Energy Limited


Stake in Central Electricity
Supply Company of Orissa Ltd


EV charging points in
20 cities in India


Thermal stations

Strategic Objectives

Material Topics Addressed

Key Risks Considered

Stakeholder Recommendations Addressed

SDGs Focused


Scale-up Renewables, Distribution, Services and Energy Solutions businesses


Achieve benchmark operations, attain market leadership and outperform set targets

  • Increase in renewables energy portfolio
  • Operational efficiency
  • Moderation of solar and wind tariff putting pressure on the margin
  • Credit worthiness and business continuity of the customer
  • Prioritised focus towards renewables
  • Dependence on imported coal
  • Quality and reliability of power supply
  • Storage and trading of renewable energy, microgrid operations, and electric vehicle charging


Our performance in Manufactured Capital has a significant influence across other capitals.

Social & Relationship Capital


  • Availability of affordable and reliable electricity to remote areas across India
  • Promote rural entrepreneurship and improve quality of life
  • Cost effective solutions through rooftop solar

Financial Capital


  • Increased revenue generation opportunities
  • Reduced margins in renewable sector due to aggressive expansion

Natural Capital


  • Reduction in carbon emissions due to initiatives like microgrid installation, solar rooftop, etc.
  • Reduction in overall carbon intensity due to implementation of efficiency improvement measures as well as increased investment in renewable portfolio

Intellectual Capital


  • Innovation to improve generation and transmission efficiencies
  • Innovation in microgrid and solar rooftop domain

Human Capital


  • Adequacy of competent manpower and safe working conditions during asset development

Power generation

Over the past decade, we have increased our generation capacity by almost five-fold. Currently, the majority of our generation comes from coal-based thermal power plants. In an endeavour to drive resource conservation and increase sustainability of our business, we are focusing more on energy efficiency, renewable energy, and a shift in fuel mix towards non-fossil fuel.

Furthermore, our Business Continuity and Disaster Management Plan is firmly in place to increase the resilience and reliability of our assets during disaster events and mitigate financial losses, thereby supporting our sustained growth in the sector.


Transmission and distribution

Transmission and distribution loss is a cause for concern at Tata Power. Not only does it directly contribute to revenue loss, but it also increases greenhouse gas (GHG) emissions, cost to consumers and may even put public health and safety at risk. To address this, we have steadily enhanced our operational efficiency and reduced technical and commercial losses while expanding our transmission and distribution infrastructure.



Our Renewables Story

India has immense Renewable Energy (RE) potential (ground mounted solar: 750 GW; wind: 300 GW and rooftop solar: 210 GW). Solar and wind energy resources could change the dynamics of the power sector. Currently, RE power is cost-competitive to fossil fuel power plants, and a transition from fossil fuel to RE sources is clearly underway. This is further reinforced by India’s commitment at COP21 to reduce its GHG emissions intensity per unit GDP by 33-35% below 2005 levels, by 2030.

To meet its commitment, India has set an ambitious target of achieving an installed RE capacity of 175 GW by 2022. The target was further recalibrated in 2019 to 500 GW by 2030, with a set of favourable policies and framework in place which provided a fillip to the renewable industry in India.

Realising the potential and importance of RE, Tata Power had commissioned its first wind asset at Supa in Maharashtra in 2001 and its first Solar asset at Mulshi in Maharashtra in 2011. As an environmentally responsible business entity, Tata Power has steadily added renewable assets, both wind and solar, to its portfolio since then. To fast track its commitment to increasing renewables in its portfolio mix, Tata Power in 2016 acquired 1,010 MW of renewable assets of Welspun Energy, one of the largest renewable acquisitions at that time.

Currently, with 2,637 MW of operational wind and solar capacity in India, we are the third largest in the RE market. Today, we are adequately equipped to expand our RE footprint in India and select geographies overseas by using our expertise in project design and development, operations, maintenance, asset management, and safety. This expertise is being further leveraged to set operating benchmarks for every RE asset as well as create a robust capacity development pipeline.



Solar commissioned


Under-construction Solar



Gujarat | 694 MW

Karnataka | 619 MW

Rajasthan | 550 MW

Maharashtra | 422 MW

Tamil Nadu | 371 MW

Andhra Pradesh | 305 MW

Madhya Pradesh | 174 MW

Uttar Pradesh | 101 MW

Bihar | 41 MW

Punjab | 36 MW

Telangana | 15 MW

Jharkhand | 5 MW

Delhi | 2 MW

Uttarakhand | 1 MW

Operating solar asset

Operating wind asset

Under construction solar asset

We have developed a strong portfolio of 1,705 MW solar generation capacity across 14 states and a Union territory. The aggregate wind energy capacity stands at 932 MW across seven states as on 31st March 2020.

Currently, five of our renewable projects are registered with the Clean Development Mechanism (CDM) programme of the United Nations Framework Convention on Climate Change (UNFCCC) – one wind project each in Gadag (Karnataka) and Khandke (Maharashtra), two in Saurashtra (Gujarat), and one solar project in Mithapur (Gujarat).

In FY20, we traded 1,28,196 Carbon Credits (CERs) from these projects, generating gross revenue of ` 6.36 crore. Walwhan Renewable Energy Limited (WREL) has eight CDM registered projects, but no CERs were issued or traded in FY20.

We constantly strive to improve the operational efficiency of our RE power plants to ensure maximum utilisation and increased generation to serve our customers. Few initiatives undertaken were:

  • Drone-based thermal imaging to identify underperforming solar assets in large solar fields to reduce generation loss and improve efficiency
  • Seasonal tilting of solar panels to reduce pointing error and enhance yield from solar PV plants, leading to efficiency improvement by 1-2%

Power-up technology is being explored for implementation in FY21 to enhance the power output of wind turbines, as well as e-security integrated with drones

Microgrids – empowering every individual

In recent years, grid-electrification coverage and adoption have increased significantly among rural households. However, rural consumers at many places are still deprived of reliable power supply and continues to face outages, load shedding, and voltage fluctuations. These issues inhibit them from taking a grid supply, especially rural enterprises which rely on diesel generators. For these people, affordability is also one of the key barriers to exploiting electric power for economic growth.

Keeping those constraints in mind, TP Renewable Microgrid Limited (TPRMG) plans to set up the world’s largest number of decentralised solar microgrids that will position India as the global leader in clean, decentralised, affordable and reliable power supply. We also aim to catalyse a wave of energy-enabled rural economic development driven by micro-entrepreneurs. We have a strategic plan to develop demand for mini and microgrids and set up 10,000 microgrids over the next six years catering to about five million households. Once at scale, TPRMG anticipates supporting 100,000 rural enterprises, creating 10,000 new green jobs, and providing irrigation for over 400,000 local farmers.

This venture will also ensure lowering effective electricity costs and carbon footprint and will amplify the Government of India's ongoing campaign to provide electricity to rural areas, unleashing the potential of renewable microgrids to serve households and businesses that suffer from poor reliability and coverage by traditional grid-based power.

Tata Power is currently looking at regions in Bihar and Uttar Pradesh, which are power starved or face issues of quality in power supply, for setting up microgrids. Microgrid projects are being executed in the adjoining villages of Muzaffarpur and Samastipur districts in Bihar, and Gonda and Bahraich district in Uttar Pradesh, with 18 microgrids commissioned and charged as on 31st March 2020. Further, we have created a healthy pipeline of 55 microgrid projects covering both the states. The microgrid installations could experience policy and regulatory hurdles, and legal and technological risks. Accordingly, we have identified mitigation measures for the key business risks linked with their wider implementation to ensure that our capacity enhancement is not impacted.

Rooftop Solar

Tata Power Solar Systems Limited, TPSSL has been India’s top solar rooftop EPC player since the past six years. Compelling economics, especially for the commercial and industrial segment, favourable government policies, and increased environmental awareness have been the key growth drivers. We serve customers across residential, commercial and industrial segments and institutions. Our approach to rooftop solar can be broadly classified into two categories – own and operate solar rooftop assets under PPA and build rooftop projects for other customers under EPC contract. Our total portfolio is about 421 MW (as on 31st March 2020), of which 28 MW is under PPA.

For 29 years, Tata Power, through its solar arm, TPSSL, has been manufacturing cells and modules by focusing on cutting-edge technology and worldclass innovation. With over 1.9 GW of modules shipped globally, our cells and modules are recognised for their quality and reliability across the world. We offer bankable tier-1 solar modules to multiple customer segments, with a range of configurations, power outputs and module sizes. TPSSL became the first solar manufacturer in India to achieve the milestone of shipping 1 GW modules worldwide, cementing its position as a leading player in the global PV module manufacturing industry with in-house production capacity of 300 MW cell line and 400 MW module line.


16 MW

at Radha Soami Satsang
Beas, Amritsar


tCO2e offset annually


82.8 kWp

at Cricket Club of India,


tCO2e offset annually


2.67 MW

at Cochin International
Airport, Kerala


tCo2e offset annually

Solar Water Pumps

Solar water pumps has been a focus area for the Government of India, as it aligns with the twin priorities of agriculture and renewable energy. Through the Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan (PM KUSUM) scheme, the government plans to provide solar water pumps to 3.5 million farmers. Tata Power, with its strong brand, robust products and channel network, is well poised to reach out to rural India. Till date, we have built a portfolio of over 25,000 solar water pumps across India.

EV Charging Infrastructure – towards greener mobility

We intend our state-of-the-art and customised EV charging solutions to form the infrastructure backbone for a growing EV ecosystem and provide customers access to this energy-efficient option with ease. Tata Power is a strong supporter of the government's National Electric Mobility Mission. Being part of the Tata Group enables us to derive synergies from other group companies, particularly Tata Motors’ planned roll-out of electric cars. Starting from our first EV charging station set up in Mumbai, we have set up 170 EV charging points across 20 cities including Mumbai, Pune, Delhi, Bengaluru and Hyderabad as on 31st March,2020. We are also located at Tata Motor dealerships and retail outlets of other Tata Group Companies like Croma, Star Bazaar, Titan among others.

As part of the customised solution, we have partnered Prakriti E-mobility Solutions, an app-based EV service provider, to provide charging infrastructure and support their EV taxi fleet in Delhi and NCR. As part of the agreement, Tata Power will design, procure, install and manage all charging infrastructure – which will see installation of about 50 charging stations near Delhi airport, Gurgaon and North Delhi. We have also joined hands with Jaguar Land Rover (JLR) to provide end-to-end EV charging solutions. We will facilitate the installation and management of chargers across JLR’s retail network of 27 outlets in 24 cities and at their customers’ residence or office. To enhance our portfolio and strengthen cross-industry partnerships, we have signed a memorandum of understanding for setting up commercial EV charging stations with Hindustan Petroleum Corporation Ltd., Indian Oil Corporation Ltd. and Indraprastha Gas Ltd.

Highlights of Tata Power’s EV charging infrastructure

  • Diverse charging standards and specifications
  • Different EV vehicle categories and manufacturers
  • Variety of use-case scenarios — EV fleet solutions, commercial spaces and office charging, public charging etc.
  • Charging infrastructure set up across 20 cities, including Mumbai, Pune, Delhi, Bengaluru and Hyderabad
  • Smart charging with Tata Power Mobile
  • Last-mile charging

We firmly believe in empowering communities from all walks of life and are in the process of increasing our generation, distribution and transmission portfolio as well as service offerings to power India’s journey ahead reliably and responsibly. For detailed insight into some of our value-added services, please refer to the Social and Relationship Capital.