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    500400   INE245A01021

THE TATA POWER COMPANY LIMITED

(500400)
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End-of-day quote Bombay Stock Exchange  -  2022-08-10
229.45 INR   +0.44%
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Tata Power : installs 150 clean energy-powered EV charging stations across Mumbai

06/22/2022 | 02:05am EDT

- Clean Energy charging stations installed at residential societies, malls, commercial complexes, and petrol pumps -

As another step toward promoting green offerings and e-mobility to the people of Mumbai, Tata Power, one of India's largest integrated power companies and a leading EV charging infrastructure provider has installed 150 green energy-powered EV stations across residential societies, malls, commercial complex and petrol pumps in Mumbai. These chargers are powered by renewable/clean energy sources like wind, solar, and hydropower. The initiative is in line with Tata Power's 'Do Green ' mission to encourage its customers to embrace green and clean energy solutions in their day-to-day life.

Tata Power has also collaborated with the National Real Estate Development Council (NAREDCO), Maharashtra to install up to 5,000 EV charging points across Maharashtra.

Commenting on this achievement, Mr. Sanjay Banga, President T &D - of Tata Power said, "Tata Power believes that smart actions taken today will have a big influence on the environment in the future. Our EV charging stations that are powered by clean energy will help in the promotion of e-mobility. We firmly believe Mumbai citizens will lead the 'Do Green' drive and serve as a role model for other major cities considering faster EV adoption."

The company also has a strong network of more than 13,000 home chargers (for private use) and more than 200 electric bus charging points installed across India. The company is India's largest EV charging solutions provider, with over 2200 public EV chargers in more than 350 cities .

The Company has continuously endeavored to provide green services to the citizens of Mumbai through its various green offerings which include green power, solar rooftop, DSM Programs, and Home Automation To date, more than 17000 customers have opted for green power across Mumbai which has helped mitigate around 126 Kilotonnes of carbon emission.

Tata Power (NSE: TATAPOWER; BSE:500400) is one of India's largest integrated power companies and together with its subsidiaries and jointly controlled entities, has an installed/managed capacity of 13,735 MW. The Company has a presence across the entire power value chain - generation of renewable as well as conventional power including hydro and thermal energy, transmission & distribution, coal & freight, logistics, and trading.

The Company had developed the country's first Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology. With 4.9 GW of clean energy generation from solar, wind, hydro, and waste heat recovery accounting for 35% of the overall portfolio, the company is a leader in clean energy generation.

It has successful public-private partnerships in generation, transmission & distribution in India viz: Powerlink's Transmission Ltd. with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi, Maithon Power Ltd. with Damodar Valley Corporation for a 1,050 MW Mega Power Project at Jharkhand.

Tata Power is currently serving more than 12 million consumers via its Discoms, under public-private partnership model viz Tata Power Delhi Distribution Ltd. with the Government of Delhi in North Delhi, TP Northern Odisha Distribution Limited, TP Central Odisha Distribution Limited, TP Western Odisha Distribution Limited, and TP Southern Odisha Distribution Limited with Government of Odisha.

With a focus on sustainable and clean energy development, Tata Power is steering the transformation an integrated solutions providers by looking at new business growth in distributed generation through rooftop solar and microgrids, storage solutions, EV charging infrastructure, ESCO, home automation & smart meters et al.

With its 107 years track record of technology advancements, project execution excellence, world-class safety processes, customer care,and green initiatives, Tata Power is well poised for multi-fold growth and is committed to lighting up lives for generations to come. For more information visit us at: www.tatapower.com

Disclaimer

Tata Power Company Limited published this content on 22 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 June 2022 06:04:03 UTC.


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Sales 2023 503 B 6 324 M 6 324 M
Net income 2023 29 163 M 366 M 366 M
Net Debt 2023 432 B 5 434 M 5 434 M
P/E ratio 2023 25,1x
Yield 2023 1,06%
Capitalization 743 B 9 330 M 9 330 M
EV / Sales 2023 2,33x
EV / Sales 2024 2,23x
Nbr of Employees 21 636
Free-Float 52,8%
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Hanoz M. Mistry Secretary & Compliance Officer
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