~Secures 14th rank among all companies surveyed for the 2020 edition of BW Business world’s Most Respected Companies study by TechSci Research~
Tata Power, India’s largest integrated power utility has emerged as one of India’s Most Respected Companies, according to the Annual survey for 2020 by Business World, one of India’s widely read business magazines. The company has been ranked 14th among all the companies surveyed across various sectors for the 2020 edition of BW Business world’s Most Respected Companies study by TechSci Research. The Company is also featured as number 1 in energy sector and number 3 in Infrastructure, power and heavy engineering.
Mr Praveer Sinha, CEO and Managing Director, Tata Power, said, “Tata Power’s journey as a leader in India’s energy sector has been truly transformational in nation building. What started as a hydropower company more than century ago is today one of India’s leading energy companies, a feat achieved by constantly reinventing itself to serve the needs of its customers and staying relevant to all stakeholders. Tata Power is also fast emerging as leader in the renewable energy sector covering the entire spectrum of application including rooftop solar solutions & solar microgrids and a growing national network of charging stations for electric vehicles.”
The study by TechSci Research mapped how employees and self – employed individuals in India perceive organisations. The exercise measured perception of 80+ companies across parameters such as effective growth plans, financial return, innovative products & services, trustworthy leadership, technological innovation, corporate social responsibility, women-friendly policies and work culture.
Tata Power is poised to become an energy solutions company, moving away from the narrow definition of a power developer or distributor. Tata Power today offers the rooftop soalr services in 70 cities. By 2020 end the service will be available in 100 cities. The plan for rural India is to set up microgrids with micro enterprises, initially in 200 villages and ultimately in 10,000 villages. The Company hopes to expand its distribution presence from 3 cities to 10-12 & have already won distribution circles of orissa doubling its consumer base to 50 lakhs consumers. Tata Power is also teaming up with Tata Motors & other automakers to build charging stations for electric vehicles and hopes to grow the business from nine cities and 100 charging points currently to several folds.
Tata Power is India’s largest integrated power company and, together with its subsidiaries & jointly controlled entities, has an installed capacity of 10,763 MW. A pioneer in the field, it has a presence across the entire power value chain: Generation of renewable as well as conventional power including hydro and thermal energy; transmission & distribution, trading and coal & freight logistics. With renewable energy assets in solar and wind accounting for 30% of the company's portfolio, Tata Power is a leader in clean energy generation. In line with the company's view on sustainable and clean energy development, Tata Power is steering the transformation of utilities to integrated solutions by looking at new business growth in EV charging & storage, distributed generation & rooftops, microgrids and home automation & smart meters. It has successful public-private partnerships in generation, transmission & distribution in India namely ‘Tata Power Delhi Distribution Ltd.’ with Delhi Vidyut Board for distribution in North Delhi; 'Tata Power Ajmer Distribution Ltd.' with Ajmer Vidyut Vitran Nigam Ltd. for distribution in Ajmer; 'Powerlinks Transmission Ltd.' with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi; 'Maithon Power Ltd.' with Damodar Valley Corporation for a 1050 MW Mega Power Project at Jharkhand. Tata Power is serving more than 2.6 million distribution consumers in India and has developed the country’s first 4000 MW Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology.
With growing international focus, Tata Power's global presence includes strategic investments in Indonesia through a 30% stake in the coal company PT Kaltim Prima Coal (KPC); 26% stake in mines at PT Baramulti Suksessarana Tbk (BSSR); in Singapore through Trust Energy Resources; in South Africa through a joint venture called ‘Cennergi’ to develop projects in sub-Sahara Africa; in Zambia through a 50:50 joint venture with ZESCO for 120 MW Hydro project; in Georgia through AGL which is a joint venture with Clean Energy, Norway & IFC for development of 187 MW hydro project; in Bhutan through a hydro project in partnership with The Royal Government of Bhutan.
With its 103 years track record of technology leadership, project execution excellence, world-class safety processes, customer care and driving green initiatives, Tata Power is poised for multi-fold growth and committed to 'lighting up lives' for generations to come. Visit us at: www.tatapower.com
