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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-Sep-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 announced rise of 905.28% in consolidated net profit on y-o-y basis to Rs 17.35 billion, while total income dropped 100.00% y-o-y basis to Rs 0.00 million for the quarter ended June 2018.

Recent Developments
19-SEP-18
Tata Power, India's largest integrated power utility, launched its VoiceBOT TINA, thus becoming the first utility in India to offer such a service to its customers. TINA, now powered by Google Assistant will allow the Company to address all the customer queries using any compatible Android or iOS mobile devices and Google Home devices, without downloading the app, or visiting the company website.

11-SEP-18
Tata Power Solar, India's largest solar energy company and a Tata Power subsidiary, today launched a complete residential rooftop solution in Mumbai.

05-SEP-18
Tata Power, India's largest integrated power utility, today announced that over 32% of its 2.5 million customers in the country are now digital-only customers.

29-AUG-18
The lenders of Prayagraj Power Generation Company (PPGCL), a 3X660MW coal-based power project based in UP have issued a Letter of Intent to Resurgent Power Ventures, (Resurgent Power) for acquisition of 75.01% stake in PPGCL.

07-AUG-18
Tata Power, India's largest integrated power company is a pioneer in the application of innovation and technology for value added benefits to its customers.

02-AUG-18
Tata Power, India's largest integrated power company, today said that its Corporate Social Responsibility (CSR) initiatives reached out to over 1.05 million community members living in and around its operational areas during the financial year 2017-18.

02-AUG-18
Tata Power, India's largest integrated power company, today announced that the company's generation capacity increased by 5.5% to 13,113 MUs in Q1 FY19 as compared 12,429 MUs in Q1 FY18.

26-JUL-18
Tata Power Company announced a sharp rise in consolidated net profit for the quarter ended June 2018. During the quarter, the profit of the company rose 4.28 times to Rs 17,351.20 million from Rs 4,058.60 million in the same quarter last year.



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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