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    500400   INE245A01021


End-of-day quote Bombay Stock Exchange  -  2022-09-29
216.50 INR   +2.00%
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Tata Power : to set up EV charging points across JP Infra's residential projects to accelerate sustainable mobility in Mumbai

08/10/2022 | 06:10am EDT

~ Collaboration to support the Maharashtra Government's EV policy to develop a robust ecosystem required for the faster and large-scale adoption of EVs ~

In alignment with the Maharashtra Government's EV Policy, Tata Power, a leading EV infrastructure solutions provider, and JP Infra Mumbai Private Limited, one of the prominent real estate developers in Mumbai, have joined hands to install 60+ electric vehicle charging points across all JP Infra's projects viz. JP North Garden City (North Euphoria, North Alexa, North Aviva, Codename Dream Home), North Barcelona, and North Imperia, thus providing end-to-end EV charging solutions to residents for making sustainable mobility achievable.

Residents with electric vehicles will have access to a 24x7 charging facility and can connect through the Tata Power EZ mobile application for all services, including remote vehicle charging monitoring and e-payments. The partnership will enable the residents to access a constant and universal EV charging experience.

Mr. Shubham Jain, Managing Director, JP Infra Mumbai Private Limited, said, "With a desire to embrace change, induce innovation and support the EV revolution, the collaboration with Tata Power will facilitate and strengthen India's robust EV ecosystem. This initiative will allow us to further improve the quality of the lives of our residents in a smart and sustainable manner by reducing carbon emissions and accelerating e-mobility adoption across our projects."

"We are spearheading the EV charging revolution in the country and making sustainable mobility attainable for lakhs of EV owners. We are scaling up our EV charging infrastructure in the state to contribute to the Maharashtra Govt.'s aim of a rapid transition to green mobility. The collaboration with JP infra will provide a seamless charging experience to its residents and accelerate the adoption of EV vehicles." said Tata Power's Spokesperson.

Tata Power is a pioneer in the installation of EV charging points across the country, having a presence across all segments of the EV charging eco-system - public charging, captive charging, and home and workplace charging stations.

Tata Power has also worked with the National Real Estate Development Council (NAREDCO) of Maharashtra to install up to 5,000 charging stations for electric vehicles (EVs) in Maharashtra and more than 150 charging stations powered by clean energy in Mumbai

Tata Power EZ Charge is a mobile application that helps users locate EV charging stations, charge EVs, and make bill payments online. It has deployed all types of chargers, including DC and AC chargers. The company is driving e-mobility infrastructure through various collaborations. The company has deployed more than 2350+ public and semi-public charging points in India along with 18,500+ home chargers (for private use) and more than 240+ electric bus charging points across 350+ cities in India.

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 13,974 MW. The company has a presence across the entire power value chain - generation via renewables 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 in Gujarat based on super-critical technology. With 5.1 GW of clean energy generation the company has 37% of clean portfolio. It has successful public-private partnerships in generation, transmission & distribution in India. Tata Power is currently serving more than 12 million consumers via its Discoms, under a 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 the Government of Odisha. With a focus on sustainable and clean energy development, Tata Power is steering the transformation as an integrated solutions provider by looking at new business growth in distributed generation through rooftop solar and Microgrids, storage solutions, solar pumps, EV charging infrastructure, ESCO, home automation & smart meters et al. With its 107 legacy of technology advancements, project execution excellence, world-class safety processes, customer care, and green initiatives, Tata Power is well poised for high growth trajectory and is committed to lighting up lives for generations to come. For more information visit us at: www.tatapower.com.

JP Infra is one of India's most established real estate brands in the Mumbai Metropolitan Region. With strong leadership at the helm, the business has set a strong vision and an ambitious growth path for itself. Founded in 2006, JP Infra has carved a niche for itself in terms of project delivery, with most projects being referred to as landmarks; few even as benchmarks. JP Infra believes in bringing serenity back to the bustling and busy nature of the city of Mumbai. The brand offers a calm, peaceful lifestyle to its residents with the provision of lush green spaces. The company promises its residents, an international standard of living with state-of-the-art amenities to provide the ultimate living experience. With its ultra-modern thinking and customer-first approach, JP Infra is rewarded with prestigious awards in recent times, all of which will tie back in with the concept of providing international standards of modern living.

For more information, visit us at: www.jpinfra.com


Tata Power Company Limited published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 10:07:40 UTC.

© Publicnow 2022
09/19Resurgent Power Ventures Pte. Ltd completes acquisition of South East UP Power Transmis..
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Sales 2023 513 B 6 302 M 6 302 M
Net income 2023 29 470 M 362 M 362 M
Net Debt 2023 439 B 5 389 M 5 389 M
P/E ratio 2023 23,5x
Yield 2023 1,12%
Capitalization 692 B 8 501 M 8 501 M
EV / Sales 2023 2,20x
EV / Sales 2024 2,11x
Nbr of Employees 21 636
Free-Float 52,8%
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Mean consensus HOLD
Number of Analysts 18
Last Close Price 216,50 INR
Average target price 232,28 INR
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Praveer Sinha Chief Executive Officer, MD & Director
Sanjeev Churiwala Chief Financial Officer
Natarajan Chandrasekaran Non-Executive Chairman
Hanoz M. Mistry Secretary & Compliance Officer
Anjali Bansal Independent Non-Executive Director
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