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Tata Power Company Limited
Sector:Power Power - Generation and Supply
BSE:500400NSE:TATAPOWERBloomberg:TPWR@INReuters:TTPW.BO
Market Lot: 1Face Value: 1ISIN Demat: INE245A01021
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19-Jun-2018
Business Profile
Tata Power Company (TATAPOWER) is part of Hydro-Electric Power System which also comprises Tata Hydro-Electric Power Supply Company and Andhra Valley Power Supply Company. TATAPOWER has hydel plants at Bhira, Bhivpuri, and Khopoli and a thermal power plant at Trombay. A combination of hydel and thermal enables TATAPOWER to charge lower tariff to clients, since the variable cost of generating hydel power is only a small fraction of the cost of thermal. The group?s principal activities are to generate, transmit and distribute electricity. The other segment includes electronic equipment, broadband services, project consultancy, terminalling, investments and oil exploration.

In April 2007, TATAPOWER acquired Coastal Gujarat Power, a special-purpose vehicle formed for Mundra Ultra Mega Power Project. In June 2007, it acquired 30% equity stakes in PT Kaltim Prima Coal and PT Arutmin Indonesia, as well as related trading companies. The Bangladesh project was acquired during 2003 for USD 8.9 million. It comprises a 132-kv Ishurdi-Baghabari transmission line and a 230-kv Ishurdi-Khulna transmission line to evacuate electricity from plants of Power Grid Corporation of Bangladesh to their substations. Tata Power Trading Company (TPTCL), a wholly-owned subsidiary of the Tata Power Company (TATAPOWER), undertakes inter-state trading of power in the country. As of January 22, 2008, North Delhi Power became a subsidiary of the Company.

The company has undertaken projects in power plant and utility operations and management in Saudi Arabia, Liberia, Iran, Sierra Leone and Algeria. Recently, Tata Power chalked out an investment plan of Rs 62 billion for the next five years. TATAPOWER is based at Mumbai, India.


Financials
The company reported rise of 11.14% in consolidated net profit on y-o-y basis to Rs 1.92 billion, while total income increased 6.61% y-o-y basis to Rs 70.41 billion for the quarter ended December 2017.

Recent Developments
19-JUN-18
Tata Power, India's largest integrated power company, has become the first Power utility to enable online, automated bill payments using e-NACH (Electronic National Automated Clearing House). IDFC Bank is a technology partner and a settlement banker to Tata Power.

14-JUN-18
Tata Power Renewable Energy (TPREL), India's largest renewable energy company and Tata Power's wholly-owned subsidiary, has entered into a Power Purchase Agreement (PPA) with GE to provide solar rooftop solutions for six manufacturing and services sites in India.

11-JUN-18
Tata Power, India's largest integrated power company, today announced that its 100% subsidiary Tata Power Renewable Energy (TPREL) has won a 150 MW Solar PV project on the long term basis in Maharashtra.

31-MAY-18
Tata Power, India's largest integrated power company, today partnered with Tata Motors to make Maharashtra EV ready and to establish Electric Vehicle Charging Stations in the State for public use.

05-APR-18
Tata Power, India's largest integrated power company selects Tata Communications to launch its IoT based, Smart Consumer Sub Station(CSS) in Mumbai.

30-MAR-18
Tata Power, India's largest integrated power company, announced that its Board has approved the sale of its Defense business to Tata Advance Systems, a wholly owned subsidiary of Tata Sons at an enterprise value of Rs 22.30 billion (out of which Rs 10.40 billion payable at the time of closing and Rs 11.90 billion payable on achieving certain milestones), subject to Government & other approvals.

20-MAR-18
Tata Power, India's largest integrated power company selects Tata Communications to launch its IoT based, Automated Meter Infrastructure(AMI) in partnership with L&T Meters in Mumbai.

12-MAR-18
Tata Power, India's largest integrated power company selects Tata Communications to launch its IoT based, asset-tracking, automation solution in Mumbai.



Future Plans
Tata Power Company plans a mega play in the infrastructure sector along with the group companies. The move is to cash in on the booming construction sector, using its engineering and construction competencies, and is aimed at enhancing the top line growth.

The company has submitted its bid for the city-side development of Udaipur airport jointly with Tril Airport Development, a subsidiary of Tata Realty and Infrastructure (Tril). In future, Tata Power Company is expected to bid for urban transport projects, bridges, IT parks and convention centres.

TPC is venturing into the new business after receiving a positive signal from its parent` Tata Sons.


In Brief

 
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