Tata Power Company Limited is an Indian

electric utility An electric utility is a company in the electric power industry (often a public utility) that engages in electricity generation and distribution of electricity for sale generally in a regulated market. The electrical utility industry is a major pr ...

company based in

Mumbai, Maharashtra Mumbai (, ; also known as Bombay — List of renamed Indian cities and states#Maharashtra, the official name until 1995) is the capital city of the Indian States and union territories of India, state of Maharashtra and the ''de facto'' fin ...

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

and is part of the

Tata Group The Tata Group () is an Indian multinational conglomerate headquartered in Mumbai. Established in 1868, it is India's largest conglomerate, with products and services in over 150 countries, and operations in 100 countries across six continent ...

. The core business of the company is to generate, transmit and distribute electricity. With an installed electricity generation capacity of 10,577 MW, it is India's largest integrated power company. Tata Power has been ranked 3rd in 2017 Responsible Business Rankings developed by IIM Udaipur. In February 2017, Tata Power became the first Indian company to ship over 1 GW solar modules.

History

The firm started as the Tata Hydroelectric Power Supply Company in 1910,Kale, Sunila (2014).
Electrifying India: Regional Political Economies of Development
'. Stanford University Press. p. 72. .Tyson, Kirk (1996).
Competition in the 21st Century
'. CRC Press. p. 173. . which amalgamated with the Andhra Valley Power Supply Company in 1916. It commissioned India's Second

hydro-electric Hydroelectricity, or hydroelectric power, is electricity generated from hydropower (water power). Hydropower supplies one sixth of the world's electricity, almost 4500 TWh in 2020, which is more than all other renewable sources combined an ...

project in 1915 in

Khopoli Khopoli (also known as Campoolie) is an industrial city in the Khalapur taluka of Raigad district, in the Indian state of Maharashtra, at the base of the Sahyadri mountains. Patalganga River, which is the tailrace channel of the Tata Hydroel ...

for 72 MW. Then second and third power plants were installed in Bhivpuri (75 MW) in 1919 and Bhira (300 MW) in 1922.

Operations

Tata Power has operations in India, Singapore, Indonesia, South Africa and Bhutan. Tata Power Group has its operations based in 35 locations in India.
The

thermal power station A thermal power station is a type of power station in which heat energy is converted to electrical energy. In a steam-generating cycle heat is used to boil water in a large pressure vessel to produce high-pressure steam, which drives a stea ...

s of the company are located at

Trombay Trombay is an eastern suburb in Bombay (Mumbai), India. History Trombay was called Neat's Tongue because of its shape. Once, it was an island nearly 5 km East of Mumbai and was about 8 km in length and 8 km in width. The island ...

Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...

, Mundra in

Gujarat Gujarat (, ) is a state along the western coast of India. Its coastline of about is the longest in the country, most of which lies on the Kathiawar peninsula. Gujarat is the fifth-largest Indian state by area, covering some ; and the ninth ...

, Jojobera and

Maithon Maithon is a census town in Nirsa CD Block in Dhanbad Sadar subdivision of Dhanbad district in the Indian state of Jharkhand. It is situated on the banks of river Barakar Etymology The name has been derived from Maithan or Mai-Ka-Than (Hindi) ...

Jharkhand Jharkhand (; ; ) is a state in eastern India. The state shares its border with the states of West Bengal to the east, Chhattisgarh to the west, Uttar Pradesh to the northwest, Bihar to the north and Odisha to the south. It has an area of . It ...

Kalinganagar Kalinganagar is a planned industrial and modern town in Jajpur district of coastal Odisha, India. It is rich in iron ore. Because of high global demand for steel, Kalinganagar is becoming a major global hub in steel, power and ancillary prod ...

Odisha Odisha (English: , ), formerly Orissa ( the official name until 2011), is an Indian state located in Eastern India. It is the 8th largest state by area, and the 11th largest by population. The state has the third largest population of ...

, Haldia in

West Bengal West Bengal (, Bengali: ''Poshchim Bongo'', , abbr. WB) is a state in the eastern portion of India. It is situated along the Bay of Bengal, along with a population of over 91 million inhabitants within an area of . West Bengal is the fourt ...

and

Belgaum Belgaum (ISO 15919, ISO: ''Bēḷagāma''; also Belgaon and officially known as Belagavi) is a city in the Indian state of Karnataka located in its northern part along the Western Ghats. It is the administrative headquarters of the eponymous ...

Karnataka Karnataka (; ISO: , , also known as Karunāḍu) is a state in the southwestern region of India. It was formed on 1 November 1956, with the passage of the States Reorganisation Act. Originally known as Mysore State , it was renamed ''Karnat ...

. The hydro stations are located in the Western Ghats of Maharashtra and the wind farms in Ahmednagar, Supa, Khanke, Brahmanwel,

Gadag Gadag-Betageri is a city municipal council in Gadag district in the state of Karnataka, India. It is the administrative headquarters of Gadag District. The original city of Gadag and its sister city Betageri (or ''Betgeri'') have a combined cit ...

, Samana and

Visapur Visapur is a small village near the town of Dapoli, in Ratnagiri district, Maharashtra state in Western India. The 2011 Census of India The 2011 Census of India or the 15th Indian Census was conducted in two phases, house listing and popul ...

. The company installed India's first 500 MW unit at Trombay, the first 150 MW pumped storage unit at Bhira, and a

flue gas Flue gas is the gas exiting to the atmosphere via a flue, which is a pipe or channel for conveying exhaust gases from a fireplace, oven, furnace, boiler or steam generator. Quite often, the flue gas refers to the combustion exhaust gas produc ...

desulphurization plant for

pollution control Pollution is the introduction of contaminants into the natural environment that cause adverse change. Pollution can take the form of any substance (solid, liquid, or gas) or energy (such as radioactivity, heat, sound, or light). Pollutants, the ...

at Trombay. It has generation capacities in the States of

and

, and a distribution company in

Delhi Delhi, officially the National Capital Territory (NCT) of Delhi, is a city and a union territory of India containing New Delhi, the capital of India. Straddling the Yamuna river, primarily its western or right bank, Delhi shares borders w ...

, servicing over one million consumers spread over 510 square km in the North Delhi. The peak load in this area is about 1,150 MW. Tata Power announced on 24 July 2012, commissioning of the second unit of 525 MW capacity of the Maithon mega thermal project in Dhanbad. The first unit of identical capacity was commissioned in September 2011.

Major power plants

* Mundra Ultra Mega Power Plant. A 4,000 MW (5×800 MW) coal-based thermal power plant at Mundra, Kutch district,

. This plant is fully functional. *

Trombay Thermal Power Station Trombay Thermal Power Station is a coal-based thermal power plant located at Trombay near Mumbai in the Indian state of Maharashtra. The power plant is owned by Tata Power Tata Power Company Limited is an Indian electric utility company b ...

. A 1,580 MW thermal power plant at

, near

Maharashtra Maharashtra (; , abbr. MH or Maha) is a states and union territories of India, state in the western India, western peninsular region of India occupying a substantial portion of the Deccan Plateau. Maharashtra is the List of states and union te ...

. This plant is fully functional. *

Maithon Power Plant Maithon Power Limited (MPL) is a joint venture of Tata Power & Damodar Valley Corporation, which has implemented the 1050 MW (2X525 MW units) in Nirsa District Dhanbad in the state of Jharkhand in India. This project is India’s first 525 MW un ...

. A 1,050 MW (2×525 MW) coal-based thermal power plant at

Dhanbad Dhanbad is the second-most populated city in the Indian state of Jharkhand after Jamshedpur. It ranks as the 42nd largest city in India and is the 33rd largest million-plus urban agglomeration in India. Dhanbad shares its land borders with Pa ...

Dhanbad district Dhanbad district is one of the twenty-four districts of Jharkhand state, India, and Dhanbad is the administrative headquarters of this district. As of 2011, it is the second most populous district of Jharkhand (out of 24), after Ranchi. It a ...

. This plant is fully functional. This power plant is owned by Maithon Power Limited a 74:26 joint venture between Tata Power and

Damodar Valley Corporation Damodar Valley Corporation (DVC) is a government-owned power generator which operates in the Damodar River area of West Bengal and Jharkhand states of India. The statutory corporation operates both thermal power stations and hydel power sta ...

. * Jojobera Power Plant. A 427.5 MW (67.5 MW and 3×120 MW) coal-based thermal power plant at Jojobera in

Jamshedpur Jamshedpur (, ) or Tatanagar is the largest and most populous city in Jharkhand and the first planned industrial city in India. It is a Notified Area Council and Municipal Corporation and also the headquarter of the East Singhbhum district. It ...

East Singhbhum district East Singhbhum is one of the 24 districts of Jharkhand, India. It was created on 16 January 1990. More than 50% of the district is covered by dense forests and mountains, where wild animals once roamed freely. It is known for being a centre of ind ...

. This plant is fully functional.

International operations

The company has executed overseas projects in the

Middle East The Middle East ( ar, الشرق الأوسط, ISO 233: ) is a geopolitical region commonly encompassing Arabian Peninsula, Arabia (including the Arabian Peninsula and Bahrain), Anatolia, Asia Minor (Asian part of Turkey except Hatay Pro ...

Africa Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area ...

and

South East Asia Southeast Asia, also spelled South East Asia and South-East Asia, and also known as Southeastern Asia, South-eastern Asia or SEA, is the geographical south-eastern region of Asia, consisting of the regions that are situated south of mainland ...

including the

Jebel Ali Jebel Ali ( ar, جبل علي) is a port town south-west of Dubai. The Jebel Ali Port is located there. Al Maktoum International Airport has been constructed just outside the port area. Jebel Ali is connected to Dubai via the UAE Exchange (fo ...

'G' station (4×100 MW +

desalination plant Desalination is a process that takes away mineral components from saline water. More generally, desalination refers to the removal of salts and minerals from a target substance, as in soil desalination, which is an issue for agriculture. Saltw ...

) in

Dubai Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics of ...

, Al-Khobar II (5×150 MW +

desalination Desalination is a process that takes away mineral components from saline water. More generally, desalination refers to the removal of salts and minerals from a target substance, as in Soil salinity control, soil desalination, which is an issue f ...

plant) and

Jeddah Jeddah ( ), also spelled Jedda, Jiddah or Jidda ( ; ar, , Jidda, ), is a city in the Hejaz region of the Kingdom of Saudi Arabia (KSA) and the country's commercial center. Established in the 6th century BC as a fishing village, Jeddah's pro ...

III (4×64 MW + desalination plant) in Saudi Arabia,

Shuwaikh Shuwaikh ( ar, الشويخ) is a seaside district of Kuwait City in Kuwait. It comprises eight blocks. Shuwaikh also has an industrial area, a port A port is a maritime facility comprising one or more wharves or loading areas, ...

(5×50 MW) in Kuwait, EHV substations in

UAE The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia (The Middle East). It is located at th ...

and Algeria, and power plant operation and maintenance contracts in Iran and Saudi Arabia. Tata Power has a Russian subsidiary, Far Eastern Natural Resources LLC, that has a license for a

coal Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal is formed when dea ...

mine in Kamchatka Krai.

Strategic Engineering Division

The firm's Strategic Engineering Division (SED) has engaged in defence systems and engineering for over four decades. It works with the MoD and laboratories to provide products and solutions for the defence requirements of the country. It has already cleared the Joint Receipt Inspection (JRI) for the first two lots of Pinaka launchers and command posts; the third and fourth lots have successfully undergone factory acceptance tests. Tata Power's Strategic Electronics Division won a tightly contested 1,000-crore contract for modernising 30 Indian Air Force airbases. In Nov 2020, Tata Powers announced the completion of sale of Strategic Engineering Division (SED) to

Tata Advanced Systems Tata Advanced Systems Limited (TASL) is an Indian aerospace manufacturer, aerospace, military, defense, military, military engineering & construction and technology company. It is a fully owned subsidiary of Tata Sons, a holding company for the ...

, a wholly-owned subsidiary of

Tata Sons Tata Sons Private Limited is the parent company of the Tata Group and holds the bulk of shareholding in the Tata group of companies including their land holdings across India, tea estates and steel plants. It is a privately owned conglomerate of ...

Problems

In cause of dramatically higher coal prices as assumed in the plannings and a fixed price arrangement the Mundra plant in 2012 made big losses. After three successive years of losses as a result, cash flow was becoming an issue for the company. In January 2014 the company sold a 30 percent stake in Indonesian coal company PT Arutmin for $500 million. In July 2014 it signed an option to sell a 5 percent stake in Indonesian coal company Kaltim Prima Coal for $250 million.

Future projects

Tata Power has a 51:49 joint venture with

PowerGrid Corporation of India Power Grid Corporation of India Limited is an Indian central public sector undertaking under the ownership of Ministry of Power, Government of India. It is engaged mainly in transmission of bulk power across different states of India. It i ...

for the Tata transmission project, India's first transmission project executed with public-private partnership financing. Tata Power has plans to expand generation capacity of 4,000 MW Mundra plant, the country's first operational ultra mega power project, to 5,600 MW. The company also has a 74:26 joint venture with

for 1,050 MW coal-based thermal power plant at Maithon in Dhanbad district of Jharkhand, named as Maithon Power Limited. Both units were commissioned on 24 July 2012. It has another 74:26 joint venture with Tata Steel Limited for thermal power plants to meet the captive requirements of Tata Steel, under name Industrial Energy Limited. Tata Power has announced its partnership with Sunengy an Australian firm to build India's first floating solar plant based on Liquid Solar Array technology. In 2016, Tata Power made significant inroads into the

renewable energy Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy ...

market in India by means of its acquisition of Welspun Renewables, for a record price of $1.3 billion, the largest acquisition in the Indian renewables sector. Tata Power bagged a 25-year licence for distribution and retail supply of electricity in Odisha's five circles, together constituting Central Electricity Supply Utility of Odisha (CESU) for about Rs 175 crore.

Shareholding

As on 15 November 2017,

held 32.47% shares in Tata Power. Around 210,000 individual shareholders hold approx. 14% of its shares.

Life Insurance Corporation of India Life Insurance Corporation of India (LIC) is an Indian central public sector undertaking headquartered in Mumbai, Maharashtra, India. It is under the ownership of Ministry of Finance, Government of India. The Life Insurance Corporation of ...

is the largest non-promoter shareholder in the company with 12.90% shareholding. The equity shares of Tata Power are listed on the

Bombay Stock Exchange BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange. It is located on Dalal Street in Mumbai. Established in 1875 by cotton merchant Premchand Roychand, a Jain businessman, it is the oldest stock exchange in ...

, where it is a constituent of the

BSE SENSEX The BSE SENSEX (also known as the S&P Bombay Stock Exchange Sensitive Index or simply SENSEX) is a free-float market-weighted stock market index of 30 well-established and financially sound companies listed on the Bombay Stock Exchange. The 30 ...

index, and the

National Stock Exchange of India National Stock Exchange of India Limited (NSE) is the leading stock exchange under the ownership of various group of domestic and global financial institutions, public and privately owned entities and individuals. It is located in Mumbai, Mah ...

, where it is a constituent of the

NIFTY 50 The NIFTY 50 is a benchmark Indian stock market index In finance, a stock index, or stock market index, is an index that measures a stock market, or a subset of the stock market, that helps investors compare current stock price levels ...

.
Its Global Depository Receipts (GDRs) are listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

and the

Luxembourg Stock Exchange The Luxembourg Stock Exchange, LuxSE (french: Bourse de Luxembourg) is based in Luxembourg City at 35A boulevard Joseph II. The chairman of the board is Alain Kinsch and the chief executive officer is Julie Becker. The exchange has pre-opening ...

Awards and recognition

* Tata Power's Singapore-based subsidiary Trust Energy Resources was conferred the 'International Maritime Awards 2013' by the Singapore Government. The award grants the company tax exemption for shipping operations, besides incentives. * Tata Power won two awards at the Power Line Award 2013: Best Performing Private Discom' award for its Delhi distribution arm Tata Power Delhi Distribution Limited and Runners up award for 'Best Performing Renewable Company'. * Trombay Thermal Power Station received Greentech Safety Award 2011 in the gold category (in thermal power sector) for Safety Management. * In 2011, Tata Power was conferred the BML Munjal award for excellence in learning and development for the year 2011. Tata Power won the award in private sector category.

References

External links

*
Tata Power
at

SourceWatch The Center for Media and Democracy (CMD) is a progressive nonprofit watchdog and advocacy organization based in Madison, Wisconsin. CMD publishes ExposedbyCMD.org, SourceWatch.org, and ALECexposed.org. History CMD was founded in 1993 by progr ...

{{Nifty 200 companies Companies based in Mumbai Tata Sons subsidiaries Electric power companies of India Energy in Maharashtra Energy companies established in 1910 Indian companies established in 1910 Tata Power Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange Indian companies established in 1919 sv:Tata (konglomerat)#Energi