Tata Power Company Ltd.

Industry Name: Power – Generation/Distribution/Transmission
House Name: Tata Group
Incorporation Date: 18/09/1919
Market Cap (Rs Cr.): 33,122(as on march 2010)
No. of Employees – 3809 (2010)

Tata Power started as the Tata Hydroelectric Power Supply Company in 1911, it is an amalgamation of two entities: Tata Hydroelectric Power Supply Company and Andhra Valley Power Supply Company (1916). Today Tata Power Company Limited is India’s largest private sector electricity generating company with an installed generation capacity of over 2977 MW. The Company is a pioneer in the Indian power sector. Tata Power has a presence in thermal, hydro, solar and wind areas of power generation, transmission and retail. The founders of Tata Power pioneered the generation of electricity in India with the commissioning of India’s first large hydro-electric project in 1915 in Bhivpuri and Khopoli, Karjat.

Management

A J Engineer – Director
A K Basu – Director
B Agrawala – Executive Director
B J Shroff – VP & Company Secretary
D M Satwalekar – Director
H S Vachha – Director
N H Mirza – Director
P G Mankad – Director
P R Menon – CEO/Managing Director
R Gopalakrishnan – Director
R H Patil – Director
R N Tata – Chairman / Chair Person
S Padmanabhan – Executive Director
S Ramakrishnan – Executive Director
T Thomas Mathew – Nominee Director

Generation
The thermal power stations of the company are located at Trombay in Mumbai, Jojobera in Jharkhand, Haldia in West Bengal and Belgaum inKarnataka. The hydro stations are located in the Western Ghats of Maharashtra and the wind farms in Ahmednagar, Supa, Khanke ,Brahmanwel, Gadag, Samana and Visapur.

The Company has been a front-runner[weasel words] in introducing state-of-the-art power technologies. Tata installed India’s first 500 MW unit at Trombay, the first 150 MW pumped storage unit at Bhira, and a flue gas desulphurization plant for pollution control at Trombay. At 2.4% the Company’s transmission & distribution losses are among[weasel words] the lowest in the world. Tata Power has served Mumbai’s consumers for over nine decades.

Outside Mumbai, the company now has generation capacities in the States of Jharkhand and Karnataka and a Distribution Company in Delhi. The Distribution joint venture with the Government of Delhi called the “North Delhi Power Limited” (NDPL), has met with considerable success. NDPL services over one million consumers spread over 510 sq. kms. in the North Delhi area. The peak load in this area is about 1,259 MW, with energy consumption of over 6,900 MUs.


Haldia Project:

4000 MW, Mundra Project: Mundra UMPP is progressing as per schedule with engineering, procurement and construction activities in fulll swing. Overall project progress achieved is 53%. Ordering of all critical items/major packages has been completed. The first unit is expected to be commissioned by September 2011.


1050 MW Maithon Project: is also progressing well and has achieved 82% completion. All efforts are being taken to commission the unit by end of 2010.

120 MW Unit 5 being constructed at the Company’s existing site at Jojobera has been synchronized. The project is expected to be commissioned in the first half of FY11.

114 MW Dagachhu Project: in partnership with The Royal Government of Bhutan (RGoB) is progressing well. Major ordering for the project has been completed. All statutory clearances, land, water and environment clearances have been received and PPA for the entire quantum of power has been signed for the project. The first unit is targeted to be commissioned by FY14.

Partnership with SN Power: The Company has signed an exclusive partnership agreement with SN Power, Norway to set up joint ventures for developing hydropower projects in India and Nepal. Tata Power and SN Power have already begun pursuing potential project opportunities based on the vast reserves of renewable energy in the Himalayan region.

1600 MW Coastal Maharashtra Project: During the year, the Company has made substantial progress in this project. The R & R authority of the GoM has approved the R&R proposal of the company. Land acquisition is in progress. The plant is expected to be commissioned within 3 years of land acquisition.

Tiruldih Power Project, Jharkhand (3 X 660 MW): The process of land acquisition is expected to take around 12 to 18 months. In principle clearance has been received from Railways for transportation of coal from Tubed Coal Block. Tubed Coal Block has been jointly allotted to Tata Power and Hindalco in Jharkhand.

1320 MW Naraj Marthapur, Orissa: The major clearances for the 1320 MW Naraj Marthapur project have been obtained. Process is on for obtaining environmental clearance from MoEF. The plant is expected to be commissioned within 3 years of completion of the land acquisition, which is expected to be completed during the year. The Company has been allotted the Mandakini coal block located in the Angul district of Orissa, along with Monnet Ispat and Energy Limited, and Jindal Photo Limited.

Renewable Projects:

Wind Power: Tata Power is the leading private wind generation company with an installed capacity of 200 MW and added another first to its credit by commissioning 2 MW-class wind turbines designed by Kenersys Gmbh of Germany and manufactured and installed by Kenersys India. Currently, Tata Power’s wind power capacity is spread across three States namely Maharashtra (100MW), Gujarat (50 MW) and Karnataka (50 MW). The Company has placed an order for 150 MW additional wind capacity to be set up in Maharashtra and Tamil Nadu.

Solar Power: The Company is implementing a 3 MW solar photo-voltaic plant at Mulshi and will be one of the largest grid connected plants in Maharashtra. The Company has also applied for allocation of 25 MW solar capacity to be put up in Gujarat under the new policy of Government of Gujarat.

240 MW Sorik Marapi Geothermal Project: Tata Power (47.50%) led consortium along with Origin Energy Ltd., Australia (47.50%) and PT Supraco, Indonesia (5%) won the Sorik Marapi geothermal project in Northern Sumatra, Indonesia.The Sorik Marapi project is estimated to support the development of approximately 240 MW of geothermal generation capacity. The project will be developed by PT Sorik Marapi Geothermal Power (SMGP), a Special Purpose Vehicle formed by the Consortium. The Consortium would undertake a detailed exploration programme over the next 18 months. The expected Commercial Operation Date (COD) for the project is June 2015.

The above picture is a representative image of a geothermal power plant

Acquisition of 30% stake in Indonesian Coal Mines: The Company completed the acquisition of 30% equity stakes (the “Purchase”) in major Indonesian thermal coal producers, PT Kaltim Prima Coal (“KPC”) and PT Arutmin Indonesia (“Arutmin”) (together the “Coal Companies”), as well as related trading companies owned by PT Bumi Resources Tbk (“Bumi”).

Captive Coal Blocks:

Tubed Coal Block in Jharkhand: A Joint-Venture with the Company and Hindalco, Tubed Coal Mining Limited has been registered.

Mandakini Coal Block in Orissa: The screening Committee of Ministry of Coal has allotted Mandakini Coal Block in Orissa jointly to Tata Power, Jindal Photo and Monnet Ispat. Heads of agreement has been signed with JV partners.

Transmission

Tata Power owns and operates 1200 circuit Kms of high voltage (220 kV and 110 kV) Transmission Network.

The Company recently took a 51% stake in the Rs 1200 Cr, 1200 Km Tala Transmission project, which is a joint venture with the Power Grid Corporation of India. The JV Company named Powerlinks Transmission Limited, has been formed primarily to evacuate power from the Tala Hydro Project in Bhutan and to carry surplus electricity from the North Eastern States to the Northern Indian belt. The Company makes its presence felt in generation in Northern India by participating in the 330 MW Hydro Generation Project in the state of Uttaranchal.

Distribution

Tata Power has a 935 km HT and LT cable distribution network connecting 17 major receiving stations and over 85 sub-stations in its Mumbai License area.

With the privatisation of Delhi Vidyut Board (DVB), Tata Power Company holds managing control in the distribution company North Delhi Power Limited (NDPL). NDPL today distributes and supplies power to the North-North West areas of Delhi. With predominantly industrial load consumption, this region has a consumer base of approximately 8 lakhs with an annual power consumption of around 6000 MUs.

International Operations

The Company has also executed several overseas projects in the Middle East, Africa and South East Asia. Of particular interest are the Jebel Ali ‘G’ station (4 x 100 MW + desalination plant) in Dubai,Al-Khobar II (5 x 150 MW + desalination plant) and Jeddah III (4 x 64 MW + desalination plant) in Saudi Arabia, Shuwaikh (5 x 50 MW) in Kuwait, EHV substations in UAE and Algeria, and power plant operation and maintenance contracts in Iran and Saudi Arabia.

Future Projects

Tata Power has entered into a 51:49 joint venture with PowerGrid Corporation of India for the 1200 km Tala transmission project. The joint venture is India’s first transmission project to be executed withpublic-private partnership.

Tata Power has also won a contract for building 4000 MW power plant at Mundra. A unique aspect of this project is that for the first time in India a 4000MW power plant is being built utilizing one large construction project; all other large projects have always involved stage construction.

Tata Power has also entered into a 74:26 joint venture with Damodar Valley Corporation for building a 1050 MW coal based thermal power plant at Maithon in Dhanbad district of Jharkhand.

Tata Power has also entered into a 74:26 joint venture with Tata Steel Limited for setting up of power plants to meet the captive requirements of Tata Steel, and has commissioned 120MW power plant in Jojobera in 2009 and is further in the process of commissioning another 120 MW.


Company History

1919

– The Company was incorporated on 18th September, at Mumbai. The Company generate and supply Electricity. The Tata Hydro-Electric Power System comprises the Tata Hydro-Electric Power Supply Co., Ltd., the Andhra Valley Power Supply Co. Ltd., and the Tata Power Co., Ltd.

1953

– 1,500 Right Equity shares issued at par in prop. 2:5.

1955

– 15,000 partly paid shares fully called up.

1961

– The Company together with its two associated companies decided to enter into a partnership arrangement with Ebasco India, Ltd., for the establishment in India of a consulting engineering firm by the name of `Tata-Ebasco Consulting Engineering Services’.

1967

– 51,536 right equity shares issued at par (prop. 1:10).

1968

– 1,00,000-9.25% pref. shares offered for public subscription.

1969

– A new company under the name Chemical Terminal Trombay, Ltd., was formed, in participation with other Tata Companies and Elephanta India Private Ltd., with the object to installation of storage tanks on a part of the Company’s ash disposal area at Trombay and the laying of a pipeline connecting the storage tanks with the Mumbai Port Trust’s pier at Pir Pau.

1971

– The purchase price of assets under the Khopoli Electric Licence, 1933 was determined by mutual agreement to be Rs 21.50 lakhs plus a solatium of 10% as provided in the Licence. A substantial portion of the purchase price was paid to the Company by the Maharashtra State Electricity Board.

1975

– 1,13,379 bonus shares issued in prop. 1.5.

1980

– The Company set up a new manufacturing facility at Bangalore, for commercial production of electronic items designed by its R&D lab.

– Interest on 9.5% `A’ pref. shares raised to 11% effective 1.4.1980 and redumption date extended to 1.4.1995. 25,965 pref. shares of dissenting shareholders redeemed.

1981

– 3,50,000 No. of equity shares issued at par to public in June. 20,000 No. of equity shares issued to financial institutions on part conversion of 11% Fifth debentures (1981-88).

1984

– The Capacity of set No. 1 at Bhira was uprated from 22 MW to 25 MW.

– The Company cancelled its 86,970-7.5% non-redeemable preference shares of Rs 100 each with effect from 1st April and allotted to the holders of these preference shares 86,970-15% secured non-convertible debentures of Rs 100 each in the proportion 1:1.

1986

– Forfeiture on 255 equity shares annulled, 4,56,350 No. of equity shares allotted at par to financial institutions upon conversion of loans/debentures.

1987

– A new double circuit 22/110 KV transmission line was constructed in North Mumbai from Borivli to Malad to meet the requirements of Municipal Corporation of Greater Mumbai besides meeting loads in Kandivili, Malad, etc. It was commissioned during 1988-89.

– The transmission and distribution network was also strengthened to maintain reliability of power supply by installation of 2 x 200 MVA, 220/110 KV interconnecting transformers at Trombay, a new 22 KV indoor switchgear at Saki, new capacitor banks at Saki and Kalyan etc.

– The Company’s proposals of 220/110 KV switching station and new 110 KV receiving station at Grant Road were cleared by State and Central Governments. The Company undertook to install a 180 MW combined cycle plant at Trombay using gas turbines.

1988

– A generator stator weighing 260 tonnes supplied by KWU W. Germany was lifted into position along with the boiler drum from BHEL, Trichy. A 110 KV oil filled cables for bulk transmission of power from Carnac to Backbay was laid to feed BEST’s receiving station.

– The Company in participation with Tata Projects Ltd., undertook to construct a 600 bed Grade I hotel at Tashkant (USSR).

1989

– It was proposed to upgrade the transmission lines from Bhira to Dharavi from 110 KV to 220 KV. It was commissioned by March 1995.

– Six new outlets for BEST at 33 KV from Carnac receiving stations were also commissioned during the year.

– Approval from the state and the Central Governments were also received for the installation of a gas based 180 MW combined cycle plant at Trombay at a cost of Rs 212 crores to supplement the generating capacity in the state.

– The Companies are also associated with Siemens in the erection and commissioning of the mechanical and electrical equipment for the 4 x 130 MW gas turbines and 2 x 150 MW steam turbines at NTPC’s combined cycle power plant at Dadri in Uttar Pradesh.

– 5,875 forfeited equity shares reissued. (Prem. Rs 200).

1990

– The Thermal Unit was shut down for 9 weeks for boiler re-certification and overhaul and reblading of four stages of the stationary side of the IP turbine.

– The second 500 MW unit 6 at Trombay was trial synchronised with the grid on 23rd March.

– The Company took up two major generation projects, viz., 150MW Pumped Storage Unit at Bhira and a gas-based 180 MW Combined Cycle Plant at Trombay Thermal Power Station in case of a major system disturbance and supply power to essential consumers, viz., Railways, BMC, BARC, etc.

– The Company also proposed to undertake overhauling and maintenance works on gas turbines at Uran in association with Kraftwerke Union, W. Germany.

– As per the agreement signed in October, the Company was to seek clearance for World Bank/IFC loan amounting $ 158 million by 30th September, 1991.

1991

– The generation at the Trombay thermal station suffered due to shortage of fuel particularly during the months October to December.

– With a view to upgrade and extend the life of plants, the Company proposed retrofitting of 150 MW Trombay Unit-4 to ensure efficient operation and utilisation of generators of Units 1, 2, and 3 as electrically driven synchronous condensors for power factor improvement.

– A new 110 KV substation comprising 2 x 90 MVA, 110/33 KV power transformers along with 33 KV indoor SF6 switchgear and supervisory control and data acquisition system was commissioned at Versova.

– A new switching station comprising 3 x 250 MVA, 220/110/33 KV autotransformers, space saving 245 KV gas insulated switchgear and supervisory control and data acquisition system was established.

– The Company undertook the projects like: (i) Erection of fourth gas turbine unit at Dadri near Delhi (ii) KWU/Siemens awarded to the companies, (iii) Undertook eletrical and I & C equipment installation works.

1992

– A modern 22 KV indoor SF6 switchgear was installed at Salsette and also a 60 MVAR new capacitor banks were installed at Versova and Malad. Apart from these, replacement of 110 KV oil circuit breakers by modern SF6 breakers at Kalyan, Ambernath, Vikhroli and Salsette receiving stations and extension of fibre optic communication network were also carried out.

– During April-May, the Company offered 20,51,555-14% secured redeemable partly convertible debentures of Rs 500 each on rights basis in the proportion 1 deb.: 1 equity shares held (all were taken up). Additional 3,07,733 debentures were allotted to retain oversubscription.

– Another 1,02,578 debentures were issued to the employees on an equitable basis (all were taken up). Additional 15,387 debentures were allotted to retain oversubscription.

– In addition 3,50,000 debentures were reserved for allotment to Tata Sons Ltd., Tata Industries Ltd., Investment Corporation of India Ltd., and Ewart Investments Ltd.

– Part-A of Rs 300 of the face value of each debenture was to be converted into one equity share of Rs 100 each at a premium of Rs 200 per share.

– Part-B of Rs 200 of the face value of each debentures was to be redeemed on the expiry of 10 years from the date of allotment with an option to the Board to redeem the same at any time after 7 years from the date of allotment of debentures.

– 28,27,253 No. of equity shares allotted on part conversion of 14% debs. (including 3,084 shares allotted after 1st April, 1993).

1993

– The Company proposed to install 2 x 1.25 MW mini hydro generating units on the existing Bhivpuri tailrace channel by utilising available tailrace releases from existing power station.

– It was proposed to establish a 110 KV sub-station at Bandra-Kurla complex to meet power requirement of that area and also to establish a 110 KV power supply point at Mankhurd to meet additional load requirement of Central Railway.

– The first 120 MW steam turbine at Uran was synchronized and the second unit was scheduled for synchronization in August 1994.

– 48,76,443 Rights equity shares allotted (Prem. Rs 300; Prop. 1:1). Another 5,28,165 shares alloted as per GDR issue. 58,345 shares of right issue kept in abeyance.

1994

– The Trombay Unit-7 steam turbine generator was synchronised on 9th December, which generated 650 MUS with PLF of 61.9%.

– It was proposed to establish a 110 KV substation at Bandra-Kurala complex to meet the power requirement in S. Mumbai.

– During the year, the Company undertook the work of strengthening dams as per designs codes in respect of earthquakes. The Government of Maharashtra had accorded its permission for rebuilding a dam at Somwadi.

– The set No. 5 at Bhira was rehabilitated by changing the core & coils and was recommissioned along with a new more efficient 30 MVA generator transformer.

– At Vikhroli, an additional 90 MVA, 110/22 KV power transformer was taken into service to increase the reliability of power supply. Also, a new 25 MVA, 110/66 KV transformer at Parel was commissioned.

– A MOU was signed between TEC and the Tennesse Valley Authority of USA for renovation and modernisation of power plants.

– The Second phase of the Trombay combined cycle power project viz. 60 MW steam turbine and associated equipment was commissioned. Work for commissioning of the unit as pumped storage generation unit was commissioned.

– During February, the Company issued 91,549 Global Depository Shares representing 5 ordinary shares of Tata Power Co. Ltd., three ordinary shares of Andhra Valley Power Supply Co. Ltd. and two ordinary shares of the Tata Hydro Electric Power Supply Co. Ltd. Accordingly 5,28,165 shares, 3,16,899 shares and 2,11,266 shares were allotted to Tata Power Co. Ltd., Andhra Valley Power Supply Co. Ltd. and Tata Hydro Electric Power Supply Co. Ltd. respectively.

– Equity shares subdivided. 77,70,000 No. of equity shares allotted on private placement basis to associate companies.

1995

– The 150 MW Pumped storage unit was commissioned in the synchronous condenser mode. The Company undertook the work of modernisation and renovation of old 12 MW hydro units at Bhivpuri and Khopoli Generating Stations.

– The old core laminations of Bhira Generator No. 2 and Khopoli generator No.2 were replaced by new low loss laminations to reduce core business.

– The Company provided services to Tata Projects Ltd., for erection and commissioning of ten new 33 KV sub-station and modification of fifteen existing 33 KV sub-stations in Abu Dhabi and Al Ain area.

– 1400 shares kept in abeyance issued.

– 56,79,588 No. of equity shares allotted at a prem. as fully paid pursuant to a contract without payment by reserved in case.

1996

– The 150 MW pumped storage unit at Bhira was commissioned. At Bhira generating station five 25 MW units were refurbished by installation of new modern turbine runners of higher efficiency.

– The Company strengthened the existing network by installing new 22KV indoor switchgear at Vikhroli sub-station, by replacing old oil/air blast circuit brackers by modern 110 KV breakers at various sub-stations, by retrofitting and uprating of existing 22 KV ABCBs by 22/33 KV modern SF6 breakers, by installation of new numerical type relays on transmission lines and by installation of new micro processor based metering system by replacing existing electro-mechanical type meters.

– The Company installed a major 220 KV underground transmission system from Dharavi receiving station to Backbay, South Mumbai. The Company also undertook to implement a 22 KV receiving station at Bandra-Kurla Complex to provide power supply to various commercial consumers in the area. To improve the continuous and reliable power supply, the Company proposed to set up 220 KV switching stations at Parel and Mahalaxmi.

– During the year, the Government of Karanataka awarded the Multi-fuel based 80 MW power project to the Company.

– 3.62.5 MW thermal generating units at Trombay were converted into synchronous condensers with a 1.2 MW static frequency converter in the starting system. Also a 36 KV switchgear with vacuum circuit breakers were commissioned thereby introducing vacuum breaker technology in medium voltage distribution TEC system.

1997

– The thermal Units at Trombay operated at an on-line availability of about 74% and utilization of about 64.3%.

– In order to improve the efficiency at Bhivpuri Generating Station 6×12 MW hydro units were replaced by 3×24 MW units.

– The Tata Group is all set to activate a multi-pronged book entry operation which will atonce secure a higher stake for Tisco in Tata Power even while improving the former’s cash flows.

1998

– The companies are at various stages of their project proposals to set up captive power units would increase the companies generation capacity by approximately 500 MW.

– The company entered into an Joint Venture Agreement with Total Gas and Power India (a wholly owned subsidiayr of Total) for establishment of an LNG Terminal at Trombay.

1999

– CRISIL and ICRA have both awarded the highest rating AAA and LAAA respectively for Debentures upto Rs. 500 crores.

– Trombay Thermal achieved a thermal generation of 7670 Million Units (MUs) in the year 1998-99 as compared to 7593 MUs in the previous year.

– The Companies have acquired a generating station consisting of a 37.5 MW Unit at Wadi, Karnataka, in January.

– The Company has undertaken to give a sharper focus to growth and enhancement of shareholder value.

– The Companies have already set up the requisite facilities for dematerialisation of shares, in accordance with the provisions of the Depositories Act, 1996, and several members particularly institutional investors, have availed of these facilities to hold and trade in the shares in electronic form.

– The Power Purchase Agreement for 81.3 MW Diesel-based Power Plant at Belgaum, Karnataka was signed with Karnataka Electricity Board.

2000

– The Tata group is set to merge the three Tata Electric Companies – Tata Power, Andhra Valley Power Supply Company, and Tata Hydro-Electric Power Supply.

– Reliance Infocom, BSES TeleCom, Tata Power Company Ltd. and Internet services provider Caltiger are gearing up to offer internet telephony services, the moment the government makes it legal.

– Tata Power Ltd is in talks to acquire as many as four independent power projects most of which are owned by international power majors, in Madhyra Pradesh, Karnataka and Tamil Nadu.

– Tata Power Company has obtained `A’ licence as Internet service provider which enables it to operate throughout the country.

– Mr. A.M. Sahni has been appointed as Wholetime Director of the company with effect from November 27.

2001

– The company which is fast emerging as a key company in the Tata group, may hive off its telecommunications business into a separate company.

– Tata Power Company Ltd on September 3rd, decided to sell its stake consisting of 45 lakh shares in Tata Liebert Ltd (TLL), at Rs 170 per share, to Emerson Electric (Mauritius) Ltd.

– The Tata Group has steadily hiked its holding in Tata Power to 32.36 per cent as on September 30, from 31 per cent on April 1 and less than 25 per cent on April 1, 2000, when group companies Andhra Valley and Tata Hydro were merged into Tata Power.

2002

-Signs an agreement with Power Grid Corporation of India Ltd. for ‘Tala Transmission Line’

-Tata Group declared the successful bidder in the disinvestment process initiated by the Govt. of India in VSNL

-120 MW Unit 3 at the Jojobera Power Plant of the Company at Jamshedpur commences commercial production

-Tata Power acquires North North-West Delhi Distribution Co. Ltd. (Discom-III), a distribution company belonging to the Delhi Vidyut Board (DVB), which supplies power to north and north-western Delhi

-Delhi government signs share-holding agreement with Tata Power for power distribution in the captal

-Bags Good Corporate Citizen award by Bombay Chamber of Commerce for the year 2001-02

-Mr. Firdose A Vandrevala appointed as Managing Director of the company

-BSES files suit against Tata Power Company with Maharashtra Electricity Regulatory Commission, saying that it is poaching on its consumer base in violation of its terms of license

2003

-Signs subscription agreement with Power Trading Corporation of India Ltd. to acquire upto 1,00,00,000 equity shares of Rs 10 each aggregating to Rs 100 million in one or more tranches

-Submits its expression of interest (EoI) to participate in Tata Sons’ share buyback programme

-Ties up with the UK-based energy major British Petroleum to jointly estimate the 2,184 mw Dabhol power project

-Managing Director Mr. Firdose A Vandrevala elected as chairman of the Confederation of Indian Industry (CII) western region

-Awarded the contract for supply and construction of 180 KM long 400 KV Double Circuit Transmission Line from Palandur to Chandrapur (Maharashtra) By Power Grid Corporation of India Ltd.

-Enforces integrated automated system module developed by SAP

-Power Grid Corporation of India Ltd (PGCIL) enters into a joint venture with Tata Power to develop a 1,200 km long transmission line

-Maharashtra Electricity Regulatory Commission (MERC) ropes in Tata Power Company (TPC) for the formulation of draft rules and regulations stipulated under the newly notified Electricity Act 2003

-Enters into Shareholders Agreement with Power Grid Corporation of India Ltd. and Tala-Delhi Transmission Ltd. for implementation of the 400 KV Tala Transmission Line Project

-Supreme Court in an important ruling seeks Tata Power Company (TPC) to pay around 20% towards arrears of standby charges of Rs 4110-cr during the period of April 1999 and June 2003

-Tata Power infuses Rs 352 crore in the group’s telecom businesses, Rs 25 crore and Rs 115 crore in Tata Teleservices, the group’s basic telephony flagship, and in Tata Teleservices (Maharashtra), respectively

-Approaches Bombay High Court against an order issued by Maharashtra Electricity Regulatory Commission (MERC), which restricts the company to provide power to retail consumers

-Members approve delisting from 3 stock exchanges (Delhi, Pune & Ahmedabad)

-Bags $8.9 million order brom Bangladesh power grid project

-Power Grid Corporation of India Ltd awards contract for supply and construction of the 400 kV Vishnuprayag -Muzaffarnagar Double Circuit Transmission line totalling 100 route KM in the state of Uttaranchal

-Jointly develop the 330 MW Srinagar Hydro Power Project in Uttaranchal with Synergies Hydro Asia (SHA), at an estimated cost of Rs 16500 million

-Maharashtra Govt. took back its nominee from the company board

-Started construction of its merchant power plant under the new `Electricity Act 2003′, at Jojobera in Jharkhand.

2003 -The company entered into a Joint Venture Agreement with Power Grid Corporation of India Ltd. to set up a 1200 km power transmission line from Siliguri in West Bengal to Mandola in Uttar Pradesh.

In addition to the 330 MW Shrinagar project and 120 MW project at Jojobera, the company also has plans to set up new power projects.

-Company has appointed Mr A J Engineer as the Additional Director of the Company wef November 19, 2003.

-TPC has tendered an unconditional apology to Maharashtra Electricity Regulatory Commission (MERC) for supplying power below 1,000 kVa to an industrial estate from the Mumbai suburbs.

-Duncans North Hydro Power becomes a fully owned subsidiary of Tata Power

-Tata Power buys out 100-pc stake in Duncans North Hydro Power Company

-Tata Power Company Ltd has informed that the Ahmedabad Stock Exchange (ASE) has informed the company that wef January 15, 2004 the companies securities will stand delisted from ASE.

2003

-Tata Power Co, Reliance Energy Ltd poised to acquire Dhabol

2004

-Tata Power acquires 100% equity stake of Tata Power Trading Co. Pvt. Ltd.

-Tata Power Company has floated a wholly owned subsidiary for the power trading business and applied to the Central Electricity Regulatory Commission (CERC) for a countrywide trading licence. Christened Tata Power Trading Company, the subsidiary has been incorporated with a paid up capital of around Rs 2 crore.

-Unveils special purpose vehicle (SPV) under the name of Tata Power Trading Company Private Limited (TPTCPL) for undertaking inter-state trading of power in the country

-Tata Power Company Ltd has on April 5, 2004 signed a Development Agreement with GAIL India Ltd & BP to jointly participate in evaluating the Dabhol gas and power opportunity.

-Tata Power Co. Ltd. has nominated Mr. Sanjay Bhatia as the State Government Director on the Board of the Company in place of Mr. Jayant S Kawale

-The Union Government on May 20, 2004, cleared Tata Power Company’s trading licence

-Tata Power Company MOU with National Power Company of Al-Zamil Group, Kingdom of Saudi Arabia

-Tata Power Trading Company Ltd (TPTCL), a wholly owned subsidiary of the Tata Power Company (TPC), has been awarded the first ever power trading licence by the Central Electricity Regulatory Commission (CERC)

2005

-Tata Power signs generation pact with DVC on Maithon Project

-Tata Power enters into an agreement for sale of shares in Tata Power Broadband

2006

-Tata Power joins hands with Siemens

-Tata Power Company Ltd has informed that, the State Government has nominated Mr Jayant S Kawale as the State Government Director on the Board of the Company in place of Mr Sanjay S Bhatia. At its meeting held on November 27, 2006, the Board of Directors of the Company appointed Mr Kawale as the Nominee Director with immediate effect.

2007

-Tata Power Company Ltd on January 24, 2007 has announced that the Company has signed a MoU with the Government of Chhattisgarh for the setting up of a 1000 MW coal fired mega power plant in the State.

– Tata Power Company Ltd has appointed Mr. Anil K Sardana as Executive Director of the Company with effect from March 01, 2007.

-Tata Power Company Ltd has informed that the State Government has nominated Mr. Rahul Asthana as the State Government Director on the Board of the Company in place of Mr. Jayant S Kawale. Mr. Asthana has been appointed as the State Government Director effective March 30, 2007.

-Tata Power Company Ltd on has announced the acquisition of the Coastal Gujarat Power Ltd, a Special Purpose Vehicle (SPV) formed for Mundra Ultra Mega Power Project (UMPP). A formal execution of the documents took place between Power Finance Corporation (PFC) and Tata Power, under the auspices of Ministry of Power, Delhi.

– Tata Power has roped in Korea-based Doosan Heavy Industries and Construction Ltd for supercritical boilers for its Mundra ultra mega power project.

-Tata Power Company Ltd has appointed Mr. Anil Kumar Sardana as an Additional Director of the Company effective August 09, 2007.

2008

-Tata Power Company Ltd has appointed Dr. R H Patil and Mr. P G Mankad as Additional Directors of the Company with effect from July 03, 2008.

2009

– Tata Power Company Ltd has informed regarding a Press Release dated January 12, 2009 titled Tata Power signs an MOU with Government of Gujarat to explore setting up of 5 MW each of Geothermal and solar power plants.

– Tata Power Company Ltd has appointed Mr. A K Basu as an Additional Director of the Company effective March 26, 2009.


Registered Adress
Bombay House,
24, Homi Mody Street,
Fort,
City:Mumbai
State:Maharashtra
Pincode:400001
Email ID:investorcomplaints@tatapower.com
Web Url:http://www.tatapower.com

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SUMIT KUMAR

Executive at India Electron Exchange

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4 Responses

  1. Levi Weader says:

    Very interesting points you have mentioned , appreciate it for posting .

  2. Antonia Kneefe says:

    Rattling wonderful information can be found on web site.

  3. ravi prasad rao angajala says:

    tata power’s performance is excellent, than even many state public sectors. I , as a thermal power plant O&M professional at top management level, await a challenging career in tata power

  4. vishak kumar sharma says:

    I Want to join Tata group and i will finish B.Tech in Mai 2014.
    So please guide me

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