By- Anmole Arya

Roll no.- 20434

Section- THETA
TABLE OF CONTENT
INTRODUCTION 4

NATURE OF DEMAND 12

NATURE OF PRODUCTION 27

NATURE OF COST 31

NATURE OF COMPETITION 33

IMPACT OF COVID 39
 TATA POWER LIMITED

TYPE PUBLIC
TRADED AS •NSE TATAPOWER
•BSE: 500400
INDUSTRY ELECTRIC UTILITY

INTRODUCTION FOUNDED
FOUNDER
18 SEPTEMBER 1919; 101 YEARS AGO
DORABJI TATA
HEADQUARTERS BOMBAY HOUSE, 24 HOMI MODY
STREET, MUMBAI, MAHARASHTRA,
INDIA
KEY PEOPLE PRAVEER SINHA 
(MD & CEO)
RAMESH N. SUBRAMANYAM
(CFO)
HANOZ MISTRY
(COMPANY SECRETARY)
PRODUCTS ELECTRICAL POWER
NATURAL GAS
SERVICES ELECTRICITY
GENERATION AND DISTRIBUTION
NATURAL
GAS EXPLORATION, PRODUCTION,
TRANSPORTATION AND DISTRIBUTION
REVENUE ₹8,309.01 CRORE (US$1.2 BILLION)  (2020)
OPERATING INCOME ₹2,921.79
CRORE (US$410 MILLION) (2020)
NET INCOME  ₹1,516.10
CRORE (US$210 MILLION) [ (2020)
NUMBER OF EMPLOYEES 9,594 INCLUDING 2,871 PERMANENT
EMPLOYEES
(MARCH 2018)
PARENT TATA GROUP
SUBSIDIARIES 53 (MARCH 2018)
WEBSITE WWW.TATAPOWER.COM
• Tata Power Limited is an Indian Electric Utility company based
in Mumbai , Maharashtra, India and is part of the Tata Group.
• Tata Power Company Ltd is India's largest integrated private
power company with a significant international presence. The
company has an installed generation capacity of 10857 MW (as
of August 2018) in India and a presence in all the segments of
power sector viz. Fuel & Logistics Generation (thermal hydro
solar and wind) Transmission Distribution and Trading.
•  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.
• It has successful public-private partnerships in Generation
Transmission and Distribution in India namely Tata Power Delhi
Distribution Limited with Delhi Government for distribution in
North Delhi `Powerlink's Transmission Ltd.' with Power Grid
Corporation of India Ltd. for evacuation of Power from Tala hydro
plant in Bhutan to Delhi and `Maithon Power Ltd.' with Damodar
Valley Corporation for a 1050 MW Mega Power Project at
Jharkhand.
• Tata Power is one of the largest renewable energy players in India
and has developed the country's first 4000 MW Ultra Mega Power
Project at Mundra (Gujarat) based on super-critical technology. Tata
Power has signed a Distribution Franchisee Agreement (DFA) with
Ajmer Vidyut Vitran Nigam Limited (AVVNL) and formed a Special
Purpose Vehicle (SPV) TP Ajmer Distribution Limited (TPADL) to
cater to the power requirements of customers in Ajmer for a period
of 20 years.
• Tata Power's international presence includes strategic investments in
Indonesia through 30% stake in the leading coal company PT Kaltim Prima
Coal (KPC) in Singapore through Trust Energy Resources to securitize coal
supply and the shipping of coal for its thermal power generation operations;
in South Africa through a joint venture called `Cennergi' to develop projects
in South Africa Botswana and Namibia; in Australia through investments in
clean coal technologies and in Bhutan through a hydro project in partnership
with The Royal Government of Bhutan
• .Tata Power commissioned its first hydro electric power generating station
commissioned at Khopoli in the year 1915 with an installed capacity of 40
MW which was subsequently upgraded to 72 MW. In the year 1922 they
commissioned another hydro power station at Bhivpuri with an installed
capacity of 40 MW subsequently upgraded to 72 MW. In the year 1927 they
set up Third Hydro power station of 90 MW capacity at Bhira which was
subsequently upgraded to 150 MW.
• And now in 2018, Tata Power Renewable Energy Limited (TPREL)
has received a Letter of Award from Karnataka Renewable Energy
Development Limited (KREDL) to develop 250 MW (50 MW x 5
Nos) of solar projects located in state's Tumkur district at Karnataka.
• .On 27 September 2018 Tata Power and Hindustan Petroleum
Corporation Limited (HPCL) a Navratna Oil & Gas Public Sector
Undertaking announced the signing of a Memorandum of
Understanding (MoU) for setting up commercial-scale charging
stations for Electric Vehicles at the HPCL retail outlets and other
locations across India.
• Tata Power and HPCL through this new landmark MoU have agreed to
collaborate in planning development and operation of charging
infrastructure for electric vehicles (e-cars e-rickshaws e-bikes e-buses
etc.) at suitable locations across India. Both entities also intend to
additionally explore areas of opportunities & collaboration in related
fields like Renewable Energy.
Major power plants
• Mundra Ultra Mega Power Plant. A 4,000 MW (5×800 MW) coal-based
thermal power plant at Mundra, Kutch district, Gujarat. This plant is fully
functional.
• Trombay Thermal Power Station. A 1,580 MW thermal power plant
at Trombay, near Mumbai, Maharashtra. This plant is fully functional.
• Maithon Power Plant. A 1,050 MW (2×525 MW) coal-based thermal power
plant at Maithon, Dhanbad district, Jharkhand. 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.
• Jojobera Power Plant. A 427.5 MW (67.5 MW and 3×120 MW) coal-based
thermal power plant at Jojobera, near Jamshedpur, East Singhbhum
district, Jharkhand. This plant is fully functional.
International operations
• The company has executed overseas projects in the Middle East, Africa and South
East Asia including the Jebel Ali 'G' station (4×100 MW + desalination plant)
in Dubai, Al-Khobar II (5×150 MW + desalination plant) and Jeddah III (4×64 MW +
desalination plant) in Saudi Arabia, Shuwaikh (5×50 MW) in
Kuwait, EHV substations in UAE 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 mine in Kamchatka Krai.

Strategic Engineering Division

• The firm's Strategic Engineering Division (SED) has engaged in defense systems and
engineering for over four decades. It works with the MoD and laboratories to provide
products and solutions for the defense 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 Rs.1,000-crore
contract for modernizing 30 Indian Air Force airbases
SERVICE PORTFOLIO
CORE COMPETENCIES
• Tata Power's core strength lies in it's over 100 years of experience in Operation and
Maintenance of power plants. We have a performance based productivity culture which
encourages motivated work force. We are the leaders in the Transmission and Distribution
businesses in Mumbai and Delhi serving 1.5 million customers. Tata Power is also acclaimed
leader in Power Trading.

KEY DELIVERABLES
• Reliability
•  Heat rate
•  Auxiliary Power Consumption
•  Coal Quality losses
•  Specific Oil/Water Consumption

IN-HOUSE EXPERTISE
• Tata Power has in-house expertise with experience in working with latest technologies in
various kinds of power plants.
• Tata Power has a pool of experts in various functions of Power Plant who can provide assistance
in the following areas
• Operation & Maintenance
•  Performance Management
•  Project Engineering
• QA & QC
•  Fuel Management
•  Safety Management
•  IT Enablement & Digitalization
•  Capability Building

TIE-UP WITH OEMS

• Tata Power has a long term relationship with many Original Equipment Manufacturers (OEM)
on most favored customer basis and gets assistance on a priority basis for the problems
encountered.

CONTINUOUS IMPROVEMENTS
• Knowledge sharing is done across Tata Power and Owner's plants. Improvement projects shall
be taken up on continuous basis to improve the plant performance.
NATURE OF DEMAND
OF TATA POWER
COMPANY LTD.
TATA POWER CO. LTD. CURRENT POSITION.
STOCK PRICES AND CHART OF TATA POWER
COMPANY LTD.
TATA POWER COMPANY LTD. FINANCIAL PERFORMANCE
OVER THE YEARS
DEMAND FORECASTING 2020-21
• Delhi’s overall winter peak electricity demand is expected to touch a record
high of 5400 MW 
• On January 1, 2020 (last winter season), Delhi touched the record winter
peak demand of 5343 MW ; Tata Power-DDL recorded an all-time high of
1588 MW
• With the capital city experiencing winters ahead of the schedule, and the
minimum temperature equivalent to several hill stations, Tata Power Delhi
Distribution (Tata Power-DDL) is fully prepared to ensure adequate power
availability during this winter season to a populace of 7 million in its area of
operations in North Delhi.
• According to the officials of the India Meteorological Department, the
minimum temperature will be comparatively lower this season vis-a-vis
previous years. Tata Power-DDL is prepared with its action plan to provide
relief, assuring 24X7 power supply to all the essential services and its
consumers.
• It has also been noted that 40% of Delhi Winter Demand is because of the heating
loads of geysers and heaters, and the company is geared up to manage the peak power
demand in case of severe winters. 
• The company is expecting the peak demand to touch 1700 MW this season and has
made long-term power tie-ups for meeting the same effectively. A total of 2000 MW
of power is available from long-term sources with the company which would help the
anticipated demand. 
• The overall winter peak demand for Delhi is expected to touch a record high of 5400
MW. On January 1, 2020 (last winter season), Delhi touched the record peak demand
of 5343 MW as Tata Power-DDL’s recorded its all-time high of 1588 MW.
• “We are fully prepared to ensure warm and safe winters to our consumers and this is
only possible through an uninterrupted power supply. We have made surplus
arrangement of up to 300 MW over and above the expected peak demand, which will
also cater to the contingencies. Besides this, we are using a mix of smart technologies
like AI & Machine Learning for better load forecasting to provide reliable power
supply to all our consumers,” said Mr. Ganesh Srinivasan, CEO, Tata Power-DDL.
• Tata Power-DDL’s power-supply arrangements during the winter-months include
long-term agreements from power-plants like Maithon Power, NTPC Stations, and
Delhi based gas fueled generating stations. Additionally, the company will also be
receiving around 20 MW from Solar Energy Corporation of India (SECI) ,180 MW
from SunEdison GreenKo and around 30 MW from Wind Energy.
• Apart from these, Tata Power-DDL is also using advanced techniques and avenues
like ‘Banking’, ‘Reserve Shutdown’, ‘Power Exchange’ and ensuring sufficient
‘Spinning Reserves’ to dispose of surplus power. In case of any unforeseeable
contingency, the company will buy short-term power from the exchange which is
available at economical rates during winter months. Adding to these efforts are the
advanced load-forecasting statistical and modelling techniques which are helping the
company forecast the power demand.
Use of Technology:
• Tata Power-DDL is extensively using technology in ensuring reliable power supply,
like advanced statistical forecasting models, combined with state-of-the-art weather
forecasting solutions, including Artificial Intelligence (AI) and Machine Learning
(ML). Domain expertise provided by Power System Operation Corporation Limited
India Meteorological Department (POSCO IMD) also helps.
Surplus Power:
• Tata Power-DDL is also exploring banking of surplus power with other states,
which need additional power during the winter months. This banked power will
be available during the summer months of 2020.

Demand Forecasting:
• Demand (load) Forecasting is critical for reliable power supply. It is done on
various parameters like (i) Day-ahead in 96 time-slots, (ii) Intra-day basis and
(iii) Medium-term (from a fortnight to one year). Among other aspects, weather
parameters like Temperature, Rainfall, Cloud Coverage, Wind Speed, Wind
Direction and Humidity play an important role in accurate demand forecast. This
accurate day ahead, intra-day and medium-term demand forecasting is vital for
optimal and cost-effective planning in ensuring reliable power supply to
consumers at an optimal cost.
Winter Peak Demand Trends in Tata Power-DDL’s Area:  
• 2020-21 (Expected) : 1700 MW
• 2019-20 : 1588 MW
• 2018-19 : 1422 MW
NATURE OF
PRODUCTION OF TATA
POWER COMPANY LTD.
• Tata Power, together with its subsidiaries & joint entities, has a
generation capacity of 12742 MW of which 30% comes from clean
energy sources. The company has the distinction of being among the
top private players in each sector of the value chain including solar
rooftop and value-added services.
• Tata Power is a pioneer credited with steering the energy sector on
technology, process and platform. Powering emerging technologies for
the 'smart' customer, Tata Power's latest business integrated solutions,
focusing on mobility and lifestyle, is poised for multi-fold growth.
• With its 103 years track record of technology leadership, project
execution excellence, world-class safety processes, customer care and
driving green initiatives, Tata Power is committed to 'lighting up lives'
for generations to come.
Sustainability being our core philosophy, Tata Power leads the way in non-
emitting sources of energy that provide low-cost electricity and help reduce
carbon emissions.

• From making India EV ready by installing the first EV charging stations in

Mumbai, to being India's #1 rooftop solar provider, Tata Power is
continuously exploring green technology and their applicability for
customers
Tata Power has been at the forefront in taking the message of conservation to the
community. Club Enerji, a resource Conservation Club pioneered by Tata Power, works with
schools and children across the country in bringing about a first-hand realization of the energy
crisis and scarcity of natural resources in the country.

The company's flagship biodiversity conservation program, the Mahseer Conservation

Project initiated more than four decades ago is a call-to-action national public campaign
aimed at spreading awareness about this endangered species of fish.
NATURE OF COST
OF TATA POWER
COMPANY LTD.
TOTAL EXPENSES
(LAST 5YEARS)
MAR20 MAR19 MAR18 MAR17 MAR16

EXPENSES

Cost Of Materials Consumed 0.00 0.00 0.00 0.00 0.00

Operating And Direct Expenses 214.00 248.23 279.88 221.30 0.00

Changes In Inventories Of FG,WIP And 0.00 0.00 0.00 0.00 0.00

Stock-In Trade

Employee Benefit Expenses 610.71 637.57 596.69 631.02 648.47

Finance Costs 1,510.38 1,500.35 1,431.38 1,318.76 1,146.12

Depreciation And Amortisation Expenses 685.75 632.70 663.21 605.00 604.46

Other Expenses 756.69 801.87 877.52 1,011.77 1,751.98

TOTAL EXPENSES 7,000.73 7,446.01 7,037.13 6,597.20 7,486.51

PROFIT/LOSS BEFORE 1,308.28 1,325.59 1,428.80 1,321.68 2,115.70

EXCEPTIONAL, EXTRAORDINARY
ITEMS AND TAX

Exceptional Items -957.75 1,021.41 -4,673.40 -806.45 -381.41

PROFIT/LOSS BEFORE TAX 350.53 2,347.00 -3,244.60 515.23 1,734.29

NATURE OF
COMPETIOTION OF
TATA POWER
COMPANY LTD.
COMPETITORS

 POWER GRID CORPN

 ADANI GREEN
 DLF
 BHARTI INFRATEL
 EMBASSY OFF.REIT
 GODREJ PROPERT.
 NHPC LTD
 MINDSPACE BUSINE
COMPETITIVE ANALYSIS
Name Last Price Market Cap. Sales Net Profit Total Assets
(Rs. cr.) Turnover

Power Grid Corp 188.00 98,353.89 37,743.54 10,904.27 203,116.46

NTPC 90.90 89,941.53 109,464.04 11,496.58 314,732.60

Adani Trans 340.35 37,432.04 11,415.96 706.49 33,086.55

NHPC 20.85 20,943.90 10,008.07 3,321.68 55,740.60

Tata Power 55.95 17,877.92 29,136.37 363.89 66,437.56

Torrent Power 304.75 14,646.80 13,640.63 1,178.88 16,988.75

Adani Power 36.40 14,039.26 26,467.72 -2,274.77 58,848.60

JSW Energy 63.95 10,505.62 8,272.71 1,053.14 19,902.52

Tata Power to Set Up Infrastructure Investment Fund to Bolster Its Renewable Business
• TATA POWER announced that its board of directors had given its in-
principle approval for setting up an infrastructure investment fund
(InvIT) for the company’s renewable business.
• The Mumbai-based power electric utility’s InvIT was set up to help
restructure some of its businesses to unlock value and simplify the
structure of the company and its subsidiaries, according to the press
statement. This is part of the company’s long-term strategic plan to
reduce debt, strengthen its balance sheets, and improve overall return
metrics, it added.
• The strategic plans also included divesting its non-core and some of its
overseas investments while also trying to raise equity to reduce
unsustainable debt in Tata Power and its subsidiaries, the company
said.
• “The board’s in-principle approval for setting up of an InvIT is another
important step towards restructuring the renewables business and
unlocking value. This along with the divestment of various non-core
and overseas assets will help in deleveraging in preparation for an
ambitious growth plan over the next decade,” Praveer Sinha, CEO &
MD, Tata Power

• In the same press release, the company announced that the board also
issued 490,566,037 equity shares through to the tune of ₹26 billion
(~$345.7 million)) on a preferential basis to its holding company, Tata
Sons Private Limited.
• The shares were issued at ₹53 (~$0.70) per share, representing a 15%
premium to the previous day’s closing price. With this issue, Tata
Sons’ share in the company will increase from 35.27% to 45.31% once
the shares are allotted while the Tata Power’s stake will increase from
37.22% to 46.86%.
• According to Mercom’s India Solar Project Tracker, Tata Power
Renewables has about 1.75 GW of solar projects in operation and
about 1.2 GW of solar projects under development.
• Notably, Tata Power Solar, Fourth Partner Energy, and Azure
Power emerged as the top solar rooftop installers in India in the
calendar year (CY) 2019, according to Mercom’s India Solar Market
Leaderboard 2020.
• Tata Power recently announced its annual results for the financial year
(FY) 2019-20. The company’s income statement said that in the FY
2020, its revenue declined by 3% and stood at ₹289.48 billion ($3.8
billion) as compared to ₹299.84 billion (~$3.9 billion) in the last
financial year.
IMPACT OF COVID-19
ON TATA POWER
COMPANY LTD.
Covid-19 Impact: Tata Power Expects ‘Drastic Decline’
In Demand To Normalize By Second Quarter

• Electricity demand has declined drastically over the last two weeks and it
will take a while before power plants start operating at normal capacities
again, according to Tata Power Company Ltd.’s Praveer Sinha.
• “Till the lockdown continues demand is not expected to go up as the
industry has come to a grinding halt. Many of the plants which were
operating at 80-90 percent capacity are now operating at about 50-55
percent,” the chief executive officer at the private power generator told
Bloomberg Quint in an interview.
• “Quarter one will be very soft to that extent. From quarter two, it should be
back to normal and business as usual.” Most of the industrial and commercial
demand for power has vanished as markets, offices, trains and airlines,
among others, remain shut as the number of Covid-19 cases rose in India to
more than 1,000.
• In the summer, demand goes up tremendously and every year we have seen
that happen. Peak demand is around 180 gigawatts. Currently, it is down to
100 gigawatt.”

• Currently, it is down to 100 gigawatt.” Still, the Mumbai-based company

expects a gradual increase in demand once industrial and commercial activity
starts rolling back. “Return to normalcy will be on a staggered basis. It is not
like one night the lockdown ends and next morning everything will be back
to normal
• . It will stabilize over six-eight weeks. That’s what we expect.” Tata Power
has “adequate” stock of coal for the next 25-30 days.
• Meanwhile, the Maharashtra Electricity Regulatory Commission on Monday
approved a move to cut power tariffs by an average of 7-8 percent for the
next five years—a first such measure in more than a decade—to help
businesses and people tide over the Covid-19 crisis.
• Reacting to the development, Tata Power in a statement to Bloomberg Quint
said the new tariff order would boost industrial development due to proposed
reduction in commercial and industrial tariff.
• “The consumers of Mumbai are getting benefited due to efficiency brought
in by Tata Power and other utilities in their system and processes, helping in
further tariff reduction.”
• Consumers in Mumbai, it said, would continue to get reliable and
uninterrupted power at most competitive tariffs for next five years.
• Leveraging our commitment to ‘Responsible Growth’, Tata Power has shown
its strategic preparedness by analyzing future risks the Company could face
with respect to the causatum of the pandemic.
• A COVID-19 Apex Response Committee was formed to oversee
organizational preparedness and management of the pandemic from a
business continuity as well as employee safety perspective.
• In addition to segregation of essential and non-essential staff, location-wise
Emergency Response Teams (ERTs) were formed and work from home or
sites was assigned on a rotational basis.
• We are humbled to state that all our business operations of Power Generation,
Transmission & Distribution and Renewables were fully operational during
the outbreak.
• We worked tirelessly during the pandemic to set up COVID-19
guidelines and standard operating procedures (SOPs) across the
organization.
• Apart from ensuring a safe strategy to combat the COVID-19 crisis in
the short-term, we have also initiated long-term resilience mechanisms
to strengthen our response to future risks or disasters.
• This involved the upgradation of our Business Continuity Plans to a
new normal condition post lockdown, handholding of various
divisions to articulate site-specific scenarios and establish operating
strategies for business continuity.
TATA POWER STRATEGIC WAY FORWARD IS PROVIDED BELOW:
Pre-lockdown
Pre-planning
• Safe practices
• Awareness drive
• Emergency protocols and a guidelines for all
• Essential services planning
• Communication to employees and associates
During lockdown
SOP
• Entry/Exit norms (social distancing, multilayered screening, self declaration etc.)
• Work from home
• ROTA for critical functions
• Guidelines for works, offices and colonies
• Communication drive
Post-lockdown
Long-term Business Continuity Plan (BCP)
• New-normal long-term business continuity preparedness
• BCP template shared with divisions for assessment and feedback considering various scenarios