With the help of its value-creation model, Tata Power continues to take positive strides towards consolidating its position as India’s largest integrated power company. FY20 witnessed steady progress across business lines enabled by a sound strategic plan. The business strategy is framed bearing in mind the Company’s core focus areas.
Fuel growth in renewables business, including solar rooftop solutions
Expand distribution presence and network, including microgrids
Invest in Next-Gen
We adopt an integrated approach to cater to the evolving needs of our customers. A strategy review and planning is conducted annually, which enables effective assessment, evaluation and appraisal of our strategy and future roadmap.
We also undertake a detailed study to identify the interdependence of our business activities with external factors such as geo-political conflicts, market instability, innovation and legislative or regulatory requirements, among others.
These external factors are also considered during risk identification and strategy development. We have a programmatic approach that enables effective rollout of our strategy encompassing four key phases.
Strategic Business Objectives
In accordance with our leadership’s intent to present a consolidated and holistic view of the Company’s overall business performance and outlook, we have identified eight Strategic Business Objectives (SBOs).
Set new benchmarks in operational excellence and financial returns for existing businesses
Resolution of CGPL coal cost under-recovery
Deleveraging Balance Sheet
Create an engaged, agile and future ready workforce
Scale-up Renewables, Distribution, Services and Energy Solutions businesses
Leverage digital to establish new business model and enhance existing business delivery
Building a customer-centric organisation
Focus on Sustainability with an intent to attain carbon neutrality