About -
India's Largest Integrated Power Company Tata Power, formerly a part of the three entities jointly known as Tata Electric Companies, is a pioneer in technology adoption, with many firsts to its credit, supporting the country's energy independence.
India's Largest Integrated Power Company Tata Power, formerly a part of the three entities jointly known as Tata Electric Companies, is a pioneer in technology adoption, with many firsts to its credit, supporting the country's energy independence.
Tata Power, together with its subsidiaries & joint entities, has a generation capacity of 13,735 MW of which 35% comes from clean energy sources.
Footprint -
Tata Power got a wide presence throughout the length and breadth of India, across generation, transmission & distribution, EV infrastructure creation, and Solar EPC projects.
Tata Power got a wide presence throughout the length and breadth of India, across generation, transmission & distribution, EV infrastructure creation, and Solar EPC projects.
Also have a notable international footprint in Central, South Asia & Africa, with assets across generation, coal mining, coal logistics and representative offices.
Financial -
Q2FY23 (YoY)
Rev at ₹14,163 cr vs ₹9,502 cr ⬆️49%
EBITDA at ₹2,043 cr vs ₹1,732 cr ⬆️18%
PAT at ₹935 cr vs ₹506 cr ⬆️85%
Q2FY23 (YoY)
Rev at ₹14,163 cr vs ₹9,502 cr ⬆️49%
EBITDA at ₹2,043 cr vs ₹1,732 cr ⬆️18%
PAT at ₹935 cr vs ₹506 cr ⬆️85%
Revenue Breakup -
Tata Power earns (58.8%) of its Revenue from Transmission & Distribution, (24%) from Generation, (16.6%) from Renewables & (0.7%) Others.
Tata Power earns (58.8%) of its Revenue from Transmission & Distribution, (24%) from Generation, (16.6%) from Renewables & (0.7%) Others.
▪️Transmission & Distribution:
Offers best in class services in Transmission & Distribution domain with bouquet of offerings - Managed Services, Integrated Utility Services, System Integration Services, Consulting services as well as Investment solutions across the globe.
Offers best in class services in Transmission & Distribution domain with bouquet of offerings - Managed Services, Integrated Utility Services, System Integration Services, Consulting services as well as Investment solutions across the globe.
▪️Conventional Energy Generation:
Tata Power enjoys an unrivalled cost-advantage in electricity production which has been achieved by regularly upgrading its state-of-art thermal & hydro plants. This enables them to supply power at competitive tariffs to its customers.
Tata Power enjoys an unrivalled cost-advantage in electricity production which has been achieved by regularly upgrading its state-of-art thermal & hydro plants. This enables them to supply power at competitive tariffs to its customers.
Tata Power has been associated with the growing legacy of Mumbai as a business city for over a century. Outside Mumbai, the Company has generation capacities in Jharkhand, West Bengal and Gujarat.
▪️Renewable Energy:
This segment comprises of generation of power from renewable energy sources i.e., wind & solar.
As one of India's largest renewable energy players, Tata Power is positioned at the top to deliver to the changing landscape of India's renewable energy focus.
This segment comprises of generation of power from renewable energy sources i.e., wind & solar.
As one of India's largest renewable energy players, Tata Power is positioned at the top to deliver to the changing landscape of India's renewable energy focus.
Long Term Triggers -
~ Tata Power is well poised to support India’s aspiration to reach net zero emissions by 2070. With roots in
hydro power generation going back a century & over three decades of leading presence across solar & wind power.
~ Tata Power is well poised to support India’s aspiration to reach net zero emissions by 2070. With roots in
hydro power generation going back a century & over three decades of leading presence across solar & wind power.
~ With an immense potential for renewable energy in the country (ground mounted solar: 748 GW, solar rooftop: 352 GW, wind: 302 GW), there is great opportunity for growth.
~ Targets to expand its distribution
footprint to 40mn customers by CY27. It will also pursue smart meter opportunities & distribution services.
footprint to 40mn customers by CY27. It will also pursue smart meter opportunities & distribution services.
~ Govt, has announced PLI scheme to promote indigenous mfg activities in India. It has earmarked near about Rs 15Bn for solar mfg capacity enhancement where Tata Power expected to leverage its expertise given the fact that it got +30yrs of mfg experience of modules & cells.
Future-Focused Ambitions :
• From 13.5 GW to over 30 GW Generation capacity in FY27.
• From 34% to over 80% clean energy portfolio by FY30.
• From 12 million customer base in FY22 to over 40 million customer base in FY27.
• From 13.5 GW to over 30 GW Generation capacity in FY27.
• From 34% to over 80% clean energy portfolio by FY30.
• From 12 million customer base in FY22 to over 40 million customer base in FY27.
• From a commodity player to a service provider for the end consumer, through rooftop solar, solar pumps, microgrids, EV ecosystem, home automation & other new age energy solutions.
• Aims to grow its revenue and
PAT 3x and 4x from FY22 levels of Rs426bn and Rs23bn respectively. Simultaneously, focusing on improving both RoE and RoCE to >13% and >11% from the current 8.5% and 8.9% respectively.
Key financial targets for FY27.
PAT 3x and 4x from FY22 levels of Rs426bn and Rs23bn respectively. Simultaneously, focusing on improving both RoE and RoCE to >13% and >11% from the current 8.5% and 8.9% respectively.
Key financial targets for FY27.
Partnership for Future -
Tata Power entered into a partnership with BlackRock & Mubadala Investment to create 🇮🇳’s most comprehensive renewable energy platform raising Rs4,000 Cr (~US$ 525 Million) to fund growth of its renewable energy business.
Tata Power entered into a partnership with BlackRock & Mubadala Investment to create 🇮🇳’s most comprehensive renewable energy platform raising Rs4,000 Cr (~US$ 525 Million) to fund growth of its renewable energy business.
Conclusion -
Given the importance of Renewable Energy by the Govt of India & the thrust on developing of EV Infrastructure, we believe
that Tata Power is best leveraged to cash in the opportunity.
Given the importance of Renewable Energy by the Govt of India & the thrust on developing of EV Infrastructure, we believe
that Tata Power is best leveraged to cash in the opportunity.
Greenenergyinitiatives, strongexecutionofbusiness, increasedorderwins & large capital expenditure will aid in achieving operational & financial performance.
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