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tata power co ltd (TATAPOWER) Snapshot

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tata power co ltd (TATAPOWER) Details

The Tata Power Company Limited is engaged in the generation, transmission, distribution, and trading of electricity primarily in India. It operates through four segments: Generation; Transmission and Distribution; Fuel and Logistics; and Power Trading and Other Businesses. The company generates electricity primarily through coal, oil and gas, hydro, wind, solar, and waste heat. As of June 2, 2014, it owned and operated power stations with gross installed capacity of approximately 8,585 megawatts. The company’s transmission network comprises approximately 1,100 circuit kilometer of 220kV/110 kV lines; and 20 receiving stations. It distributes its power to railways, refineries, and other industrial and commercial complexes. The company also trades power; and designs and develops electronic products and systems for the defense sector. Its electronic products and systems include display consoles; servo controllers and associated mechanical structures; a range of software products for real-time/mission-critical decision-support applications; rugged computers and special purpose computers; training simulators for locomotives, power plants, and air traffic control; electronic warfare control centers for the army; combat systems for the navy; automatic data handling air defense systems; and automotive electrical system for the army’s main battle tanks. In addition, the company manufactures and sells solar photovoltaic cells and modules; and provides engineering, procurement, and construction services, as well as operations and management services to solar project developers. Further, it provides operation and maintenance, technical and quality audit, consultancy, transmission and distribution, gas insulated switch gear hipot and field testing, and project management services; and is involved in project contracts/infrastructure management, coal bed methane, investment, and property development activities. The company was founded in 1915 and is based in Mumbai, India.

6,148 Employees
Last Reported Date: 07/11/14
Founded in 1915

tata power co ltd (TATAPOWER) Top Compensated Officers

Chief Executive Officer, Managing Director, D...
Total Annual Compensation: 7.2M
Compensation as of Fiscal Year 2014.

tata power co ltd (TATAPOWER) Key Developments

Tata Power Launches Bill Collection Centre for Consumers in Andheri and Jogeshwari East

Tata Power has launched its 34th customer centre for consumers residing in Andheri East and Jogeshwari East at Poonam Darshan building, Mahakali Caves Road, Near JVLR, Behind Poonam Nagar Bus Depot to provide its consumers with a convenient over-the-counter bill payment option. The bill collection centre has been strategically placed to cater consumers in both Andheri East and Jogeshwari East area. The company also offers various other offline payment options like cheque drop boxes, ICICI Bank branches, Suvidhaa and Itz Cash World outlets, etc. The objective behind opening this centre is to provide the increasing local base of consumers with a neighbourhood Tata Power convenient cash and cheque payment centre.

The Tata Power Company Limited Completes Financial Closure of Georgia Hydro Project

Tata Power Company Ltd. said that it has achieved financial closure for the 187 MW Adjaristsqali hydel projects in Georgia. The project is being financed by the three lenders namely - IFC, ABD and EBRD. The company has arranged an additional long-term loan of USD 250 million from the three lenders. Tata Power is developing the project in association with Clean Energy Invest of Norway (40% stake) and IFC InfraVentures (20%), making it the large hydel project in the East European nation. Further, the energy project will help Georgia achieve self-sufficiency. The project is in line with Tata Power's plan to develop 450 MW of new hydel power project this year as part of its centenary year celebrations. The first phase of the project is called Shuakhevi plant, which will be commissioned by 2016, and the second phase is called Skhalta plant. Work on the Shuakhevi plant began in September 2013. The plant will be exporting a part of the generation to Turkey through a transmission line financed by European Bank for Reconstruction and Development (EBRD).

Adani And JSW Reportedly To Acquire Monnet Power

Adani Enterprises Limited (BSE:512599) and JSW Steel Ltd. (BSE:500228) are vying to buy a majority stake and take management control in Delhi-based Monnet Power Company Limited Monnet Ispat & Energy Limited (BSE:513446) for $500 million, edging out The Tata Power Company Limited (NSEI:TATAPOWER) and an international player from the race, said sources in the know of the development. The deal, likely to be sealed in April, will help the promoters reduce debt of Monnet Ispat. Confirming the move, Jajodia, chairman and MD, Monnet Ispat, told TOI, "We have signed non-confidentiality agreements with buyers so won't be able to comment but the deal is likely to be sealed in April"


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