Tata Power Share Price

History of Tata Power

Incorporated on September 18, 1919, Tata Power is the largest Integrated Power Company in India. Formerly, it was known as Tata Electric. Its services are available across the entire power value chain of conventional and renewable energy, power services, EV (Electric Vehicles) charging stations and solar rooftops. In 1915, the company set up India's first hydroelectric power stations. Tata Power, along with its subsidiaries and joint entities, has a generation capacity of 12,772 MW, where 30% of it comes from green and clean sources. The company consistently introduces eco-friendly technology solutions, including energy-efficient power services, multi-city EV charging infrastructure, and the leading rooftop solar services, to empower environmentally-conscious consumers and contribute to India's EV adoption. In the realm of renewable energy generation, Tata Power has 3,927 MW of installed capacity. Additionally, Tata Power is a significant player in conventional energy generation with a robust 10,183 MW of installed capacity. Their transmission network spans 4,194 circuit kilometres. With a customer base of 12.9 million, they are committed to reliable distribution services. Tata Power has also set up 3,700 public EV charging points in 351 cities. They have executed 1,650+ MW and a substantial manufacturing capacity of 4.6 GW for solar cells and modules. Furthermore, the company has successfully executed 11.5+ GWp of large projects and has additional projects in the pipeline.

Business Segments

Tata Power is present across the entire value chain of the power business, i.e., power generation, power trading, transmission, distribution, power services, solar PV manufacturing and related Engineering, Procurement and Construction services (EPC), coal mining and logistics, consumer-facing businesses such as solar rooftops, solar pumps, EV charging, home automation and microgrid. The list of domestic subsidiaries under Tata Power includes over 65 companies, such as Tata Power Solar Systems Limited, Tata Power Trading Company Limited, Tata Power Green Energy Limited and more. There are over 10 foreign subsidiaries, including Bhira Investments, Bhivpuri Investments Limited, Khopoli Investments Limited, etc. The company has 30+ Joint Ventures, including PT Mitratama Perkasa, PT Mitratama Usaha, PT Kalimantan Prima Power, etc.

Financial Performance of Tata Power

The key financial highlights of the company are as follows:

• The net Profit After Tax (PAT) of the company grew to ₹3,810 crore in FY 2023 from ₹2,606 crore in FY 2019.
• The revenue of the company grew to ₹56,033 crore in FY 2023 from ₹29,984 crore in FY 2019.
• The EBITDA of the company grew to ₹10,068 crore in FY 2023 from ₹7,235 crore in FY 2019.
• The Earnings Per Share (EPS) of the company grew from FY 2019 to FY 2023.
• The CAGR in the PAT of the company increased by 8% from FY 2019 to FY 2023.

Key Personnel of Tata Power

Dr Praveer Sinha, CEO and Managing Director Praveen Sinha is the Chief Executive Officer and Managing Director of the Tata Power Company Limited. He has about 40 years of experience and held several leadership positions. Under his leadership, the company is in the process of evolving from a traditional century-old power utility company into a modern, environmental-friendly, technology-driven, and customer-focused provider of green energy solutions.

Corporate Actions

Tata Power conducted a stock split of their shares from ₹10 to ₹1 on September 26, 2011, as the ex-date and September 27, 2011, as the record date.