(Ref.: Board's Report Section 12.1)
| || ||Tata Power CSR Policy outlines five thrust areas for community development: |
| || || Education |
| || || Livelihood & Skill Building |
| || || Water (fordrinking&irrigation) |
|1. ||A brief outline of the company's CSR policy including an overview of projects or programs proposed to be undertaken and a reference to the web-link to the CSR policy and projects or programs. || Health and Sanitation |
| || || Financial Inclusivity |
| || ||The Company focussed on synergy scale and simplification for process improvement. 15 flagship initiatives across locations helped achieve scale and deliver sustainable results and change to the communities. Tata Power Community Development Trust (TPCDT) has internal capabilities to execute CSR programs effectively and efficiently.The Company's CSR policy including overview of projects or programs undertaken or proposed to be undertaken is provided on the Company's website. |
| || ||Ms. Anjali Bansal Chairperson |
|2. ||The composition of the CSR Committee ||Mr. Deepak M. Satwalekar |
| || ||Mr. Praveer Sinha |
|3. ||Average net profit of the company for last three financial years. ||? 632.49 crore |
|4. ||Prescribed CSR Expenditure (two percent of the amount as in item 3 above) ||? 12.65 crore |
|5. ||Details of CSR spend during the financial year || |
|(a) ||Total amount to be spent for the financial year ||? 12.66 crore |
|(b) ||Amount unspent if any ||Nil |
|(c) ||Manner in which the amount spent during the financial year ||Detailed overleaf |
|Sl. No ||CSR project or activity identified ||Sector in which the Project is covered ||Project or Programs (1) Local area or other (2) Specify the State and district where projects or programs were undertaken ||Amount outlay (budget) project or programs wise (' in lakh) ||Amount spent on the projects or programs Sub-heads: (1) Direct Expenditure on projects or Programs (2) Overheads (' in lakh) ||Cumulative expenditure upto the reporting period (as on 31.03.2019) (' in lakh) ||Amount spent: Direct or through implementing agency |
| ||Education ||Promotion of Education || ||125 ||125 ||1427 || |
| || || || || || || ||Direct: |
|ii ||Livelihood & Skill Building (Focus Development Vocational training Promote Livelihood practices among ||Livelihood enhancement projects; Promoting gender equality empowering women and measures for reducing inequalities faced || || || || ||Tata Power |
| || || ||Local Areas || || || ||Implementation Agency (internal): |
| || || || Maval Mulshi (Hydros) || || || || |
| || || || Trombay T&D License Area || || || || Tata Power Community |
| || || || Jojobera ||550 ||550 ||5349 || |
| || || || Mundra || || || ||Trust (TPCDT) |
| || || || Dehrand || || || || Employee |
| || || || || || || ||Volunteers |
| ||Income Generation activities for Women Self Help Groups) ||by socially and economically backward groups ||State: || || || || |
| || || || Maharashtra || || || ||Implementation Agency (external): |
| || || || Jharkhand || || || ||Government Agencies |
| || || || Gujarat || || || || |
|iii ||Water (Drinking & Irrigation) || ||District: || || || || |
| || || || Pune ||141 ||141 ||153 || |
| || || || Mumbai || || || || |
| || || || Singhbhum East || || || || |
| || ||Promoting || Saraikela-Kharsawan || || || || |
|iv ||Health & Sanitation ||Preventive healthcare and sanitation and making available safe drinking water || Kutch ||127 ||127 ||1305 || Skill Development Agencies |
|v ||Financial Inclusivity || || ||74 ||74 ||74 || Other Resource Agencies |
|vi ||Affirmative Action (AA) Sports and Others ||Education Employability Entrepreneurship Essential Amenities Sports and Community Engagement || ||249 ||249 ||2776 || |
| ||Total || || ||1266 ||1266 ||11083 || |
Key Highlights of the CSR Program
Tata Power's CSR Initiatives reached out to 13.76 lakh beneficiaries across 225villages in Maharashtra GujaratJharkhand and
West Bengal.Thrustarea-wise detailsare as follows:
Details of Education Initiatives (VIDYA):
27493 students were covered under e-Vidya (Digital Learning) and VidyaSagar(Remedial Coaching) across all locations.
The academic performance improved by 64% along with reduction in dropout rate.
During the year innovative learning methodologies adopted included STEMlearning
Details of Health and Sanitation Initiatives (AROGYA):
57271 women and children were covered under maternal and child healthinitiatives.
Focus was on adolescent girls and youth to enhance awareness on life skilleducation and anaemia control.
Collaboration with stakeholders and government to promote sanitation resulted inimprovement in adoption of best sanitation practices by the community.
The community led sanitation project converged with Swachh Bharat Abhiyaan toenable construction and usage of toilets resulting in making nearby villages opendefecation free.
Details of Livelihood (SAMRIDDHI) and Skill Building (DAKSH) Initiatives:
1.55 lakh women youth farmers and fishermen were covered under Livelihood andSkill building initiatives with key focus on women micro enterprise development.
Focus on integrated agriculture initiatives included SRI techniques low waterconsuming cropping pattern vermicompost and micro-irrigation promotion.
Tata Power Skill Development Institute covered more than 21000 youth with 80%placement post training which included 25% youth from Affirmative Action communities.
More than 70000 women were covered under Women Self Help group and MicroEnterprise Initiatives under Dhaaga (garmentand handicraft making) and Abha (WomenEmpowerment) Initiatives.
Abha (Women empowerment) Initiative ofTPDDL Delhi replicated to Mumbai tocoveradditional 500 women. In total 1341 women covered under this initiative. TPSDI hasalso adopted this concept and rolled outskill training exclusively for women
Details ofWater(Amrutdhara) Initiatives:
7.4 lakh beneficiaries were covered under Integrated Water Resource Managementand drinking water initiatives.
Focus on drinking water at schools and village household level included RO plantinstallation and recharging of bore wells.
MoU was signed with NABARD for Collaborative Water Management in remotelocations ofMaharashtra covering 100 hectares of area.
Details of Financial Inclusivity (Adhikaar)
1.95 lakh beneficiaries were covered in which facilitation and awarenessbuilding was done by Tata Power which facilitated access to various state and centralgovernment schemes.
CSR Awards and Recognition received in FY19
ICSI CSR Excellence Award 2018 to Tata Power (Mid Company Segment)
Tata Power ranked 6th (overall) and 1st (Utilities segment) in NationalResponsible Business Ranking 2018 - IIM Udaipur
Tata Power Affirmative Action Jury Award 2018
Indo - US Chamber ofCommerce CSR Award for promoting Education and EnergyConservation best practices 2018.
Asian Communication Engagement Forum - CSR Award 2018 for Corporate CommunityPartnership Category (Sanitation Initiative).
Sandvik Award for promoting Sustainable Agriculture based Livelihood at regionallevel.
Responsible Leaderand Best SPOC category for promoting Tata Volunteering Week
|6. ||In case the company has failed to spend the two percent of the average net profit of the last three financial years or any part thereof the company shall provide the reasons for not spending the amount in its Board Report ||NotApplicable |
|7. ||A responsibility statement of the CSR Committee that the implementation and monitoring of CSR policy is in compliance with CSR objectives and Policy of the company ||The Committee hereby confirms that the implementation and monitoring of the CSR Policy is in compliance with CSR objectives and Policy of the Company |
|Anjali Bansal ||Praveer Sinha |
|Chairperson CSR Committee ||CEO & Managing Director |
|(DIN: 00207746) ||(DIN: 01785164) |
CEO & Managing Director's Message
It gives me immense pleasure to share with you our performance for the year andperspectives on the way forward.
FY 2018-19 was marked by steady growth in power demand led by an improvement in theoverall economic environment in India. Over the next decade the Indian economy is set/togrow at a record pace and a key enabler of this growth will be India's ability to fulfilits electricity needs. We expect the growth momentum in the Indian power sector tocontinue j led by government's infrastructure push and various structural policy reformswhich should 1 w augur well for the country's power demand growth.
Your Company's consolidated PAT for FY 2019 was at Rs.2441 crore compared to Rs.2611crore in the previous year mainly due to lower profits from coal companies. Theprofitability of coal companies during the year was adversely affected due to domesticmarket pricing obligation in Indonesia and increased fuel prices. All our subsidiaries andoperating divisions have reported robust performance despite sectoral challenges. Our ^renewable power business added 200 MW in the current year and with another 400 MW in thepipeline. The solar EPC business possesses a healthy order book of Rs.1360 crore.
We also launched residential solar rooftop solutions in several cities and installed 65EV charging points across the country. The Trombay PPA with BEST and Tata Power's Mumbaidiscom received an extension for 5 years. Through the Resurgent platform the Company isin the process of acquiring the 1980 MW Prayagraj power plant in Uttar Pradesh. RegardingCoastal Gujarat Power Limited further to the recommendations by a High Powered Committeeset up by the Government of Gujarat we are in discussion with various state governmentsand state discoms and expect a compensatory tariff for it soon.
The Company continued its exit from non-core investments and raised about Rs.1897crore through disinvestment of Tata Communications Limited and Panatone Finvest Limited.The management is committed to deleveraging the Balance Sheet by divesting the non-coreassets. The proceeds from such sale would be re-invested in core areas as well as emergingareas where there is a huge growth opportunity. Our future growth would be in conventionalpower generation with emphasis on renewable power power distribution and service-ledbusinesses and this will bring in greater value and help us align with the emergingconsumer needs.
During the year Tata Power redesigned its organization structure to focus on keyidentified growth areas like Thermal & Hydro Generation Renewable GenerationTransmission Distribution and New & Value-Added Businesses including Rooftop SolarSmart Metering Micro Grids in rural areas and setting up of Electric Vehicle chargingunits.
The Company during its century old existence has constantly evolved to stay relevantto meet the needs of customers and contribute to nation building. It remains focused onbuilding sustainable value to all our stakeholders while upholding the Tata values.
I would like to take this opportunity to thank our customers suppliers shareholdersunions employees and the Board for their constant support faith and trust in us withthe belief that it will continue for the times to come.
I also thank the lenders government executives and officers for their guidance andsupport to our various ventures.
CEO & MD Tata Power.