June 28, 2017 1:12 AM ET

Electric Utilities

Company Overview of Tata Power Delhi Distribution Limited

Company Overview

Tata Power Delhi Distribution Limited distributes electricity in North and North-West of Delhi, India. The company serves approximately 7 million customers. It also provides consultancy services, including project management and consultancy, technical advisory, IT, and managed services in the power sector. The company was formerly known as North Delhi Power Limited and changed its name to Tata Power Delhi Distribution Limited in November 2011. The company was incorporated in 2001 and is based in New Delhi, India. Tata Power Delhi Distribution Limited is a subsidiary of The Tata Power Company Limited.

NDPL House

Hudson Lines

Kingsway Camp

New Delhi,  110009

India

Founded in 2001

Phone:

91 11 6611 2222

Fax:

91 11 2746 8042

Key Executives for Tata Power Delhi Distribution Limited

Chief Executive Officer and Managing Director
Age: 54
Chief Financial Officer and Chief of Legal & Regulatory
Head of Operations, Systems and Safety
Chief of Commercial
Head of Internal Audit & Risk Analysis
Compensation as of Fiscal Year 2016.

Tata Power Delhi Distribution Limited Key Developments

Tata Power Delhi Distribution Limited Announces Distribution Franchisee Agreement with Ajmer Vidyut Vitran Nigam Limited

Tata Power, through its subsidiary Tata Power Delhi Distribution Limited announced that it has signed a Distribution Franchisee Agreement (DFA) with Ajmer Vidyut Vitran Nigam Limited (AVVNL) to cater to the power requirements of customers in Ajmer for a period of 20 years. To serve the purpose, Tata Power has formed a Special Purpose Vehicle (SPV) "TP Ajmer Distribution Limited" (TPADL), which will be responsible for operating and maintaining the distribution network in Ajmer City, which includes City Division-I and City Division-II areas. It will also be responsible for managing the billing and collections in the said areas. TP Ajmer Distribution Limited will work closely with the existing employees of AVVNL, Government of Rajasthan, and its elected representatives, officials in electricity department as well as law enforcement agencies to serve customers with efficiency and ensure superior customer care that is synonymous with Tata Power.

Tata Power Delhi Distribution Limited Announces Earnings Results for the Third Quarter of Fiscal Year 2017

Tata Power Delhi Distribution Limited announced earnings results for the third quarter of fiscal year 2017. For the third quarter, the company's operating income was INR 14,980 million against INR 10,730 million for the same period last year. EBITDA was INR 3,000 million against INR 710 million for the same period last year. PAT was INR 1,130 million against LAT of INR 740 million for the same period last year.

Mitsubishi Corporation, Tata Power Delhi Distribution Limited and AEs Corporation Launch Energy Storage Demonstration Project in Delhi, India

Mitsubishi Corporation reached a agreement with AES Corporation and Tata Power Delhi Distribution Limited to develop an energy storage demonstration project in India. The project will be concentrated in the grid sectors operated by TPDDL. Under the partnership, MC and AES will establish a 10 MW energy storage system at TPDDL's facilities. Administered jointly by the three companies, the energy storage system will contribute to stabilizing the grid network, which delivers power to over 7 million customers across the region. The project will be implemented using Advancion, the energy storage technology developed by AES Energy Storage, a subsidiary of AES.

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