You are here » Home » Companies ยป Company Overview » Tata Power Company Ltd

Tata Power Company Ltd.

BSE: 500400 Sector: Infrastructure
NSE: TATAPOWER ISIN Code: INE245A01021
BSE 00:00 | 24 Apr 2020 Tata Power Company Ltd
NSE 05:30 | 01 Jan 1970 Tata Power Company Ltd

Notice: Undefined property: stdClass::$market_capital_for_nse in /usr2/unibs/application/modules/live-market/views/scripts/company/bs-new-bse-nse-block.php on line 17
OPEN 32.70
PREVIOUS CLOSE 32.70
VOLUME 540233
52-Week high 74.05
52-Week low 30.00
P/E 14.20
Mkt Cap.(Rs cr) 8,412
Buy Price 31.10
Buy Qty 20.00
Sell Price 31.15
Sell Qty 7699.00
OPEN 32.70
CLOSE 32.70
VOLUME 540233
52-Week high 74.05
52-Week low 30.00
P/E 14.20
Mkt Cap.(Rs cr) 8,412
Buy Price 31.10
Buy Qty 20.00
Sell Price 31.15
Sell Qty 7699.00

Tata Power Company Ltd. (TATAPOWER) - Chairman Speech


Notice: Undefined variable: pattern in /usr2/unibs/application/modules/live-market/views/scripts/company/annual-report.php on line 72

Company chairman speech

#CSRStart#

(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)

#CSREnd#

CHAIRMAN'S MESSAGE

CEO & Managing Director's Message

Dear Shareholders

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.

Yours sincerely

Praveer Sinha

CEO & MD Tata Power.


Notice: Undefined variable: mediaAbsUrl in /usr2/unibs/application/modules/live-market/controllers/CompanyController.php on line 6090