Tata Power Company Ltd
NSE: TATAPOWER BSE: 500400
₹351
-2 (0.57%)
Thu, 22 Oct 2026, 10:52 pm
Market Cap (in Cr)110223.24
PE Ratio29.07
Dividend0.72
Utilities
Electric Utilities
24.5KTata Power Company Ltd Company History
1919
- Incorporated on 18 September in Mumbai to generate and supply electricity.
- Part of Tata Hydro-Electric Power System: Tata Hydro-Electric Power Supply Co., Ltd., Andhra Valley Power Supply Co. Ltd., and Tata Power Co., Ltd.
1953
- Issued 1,500 right equity shares at par (2:5).
1955
- Fully called up 15,000 partly paid shares.
1961
- Entered partnership with Ebasco India Ltd. for Tata-Ebasco Consulting Engineering Services.
1967
- Issued 51,536 right equity shares at par (1:10).
1968
- Offered 1,00,000 9.25% preference shares for public subscription.
1969
- Formed Chemical Terminal Trombay Ltd. for storage tanks and pipeline at Trombay.
1971
- Purchase price of Khopoli Electric Licence assets determined at Rs 21.50 lakhs plus 10% solatium; paid by Maharashtra State Electricity Board.
1975
- Issued 1,13,379 bonus shares in proportion 1:5.
1980
- Set up manufacturing facility at Bangalore for electronic items.
- Raised interest on 9.5% 'A' pref. shares to 11%; redeemed 25,965 shares.
1981
- Issued 3,50,000 equity shares at par to public in June.
- Issued 20,000 equity shares to financial institutions on debenture conversion.
1984
- Uprated Bhira set No. 1 capacity from 22 MW to 25 MW.
- Cancelled 86,970 7.5% preference shares; allotted 15% debentures 1:1.
1986
- Annulled forfeiture of 255 equity shares.
- Allotted 4,56,350 equity shares to financial institutions on conversion.
1987
- Constructed 22/110 kV transmission line from Borivli to Malad.
- Strengthened network with transformers, switchgear, and capacitor banks.
- Proposals cleared for 220/110 kV stations and 180 MW combined cycle plant at Trombay.
1988
- Lifted 260-tonne generator stator at Trombay.
- Laid 110 kV oil-filled cables from Carnac to Backbay.
- Undertook construction of 600-bed hotel at Tashkent with Tata Projects Ltd.
1989
- Proposed upgrade of Bhira-Dharavi lines to 220 kV; commissioned by 1995.
- Commissioned six 33 kV outlets for BEST at Carnac.
- Received approvals for 180 MW gas-based combined cycle plant at Trombay.
- Associated with Siemens for NTPC Dadri combined cycle plant.
- Reissued 5,875 forfeited equity shares at premium Rs 200.
1990
- Shut down thermal unit for overhaul.
- Trial synchronised second 500 MW unit 6 at Trombay.
- Took up 150 MW pumped storage at Bhira and 180 MW combined cycle at Trombay.
- Proposed overhauling gas turbines at Uran with Kraftwerke Union.
- Signed agreement for World Bank/IFC loan of $158 million.
1991
- Trombay thermal generation suffered due to fuel shortage.
- Proposed retrofitting of 150 MW Trombay Unit-4 and use of units as synchronous condensers.
- Commissioned 110 kV substation at Versova and 220/110/33 kV switching station.
- Undertook projects including erection of gas turbine at Dadri.
1992
- Installed 22 kV SF6 switchgear at Salsette, capacitor banks, and SF6 breakers.
- Offered 20,51,555 14% secured redeemable partly convertible debentures on rights basis.
- Allotted additional debentures and reserved for Tata companies.
- Allotted 28,27,253 equity shares on part conversion of 14% debentures.
1993
- Proposed 2x1.25 MW mini hydro units at Bhivpuri tailrace.
- Proposed 110 kV substations at Bandra-Kurla and Mankhurd.
- First 120 MW steam turbine at Uran synchronised.
- Allotted 48,76,443 rights equity shares and 5,28,165 shares from GDR issue.
1994
- Synchronised Trombay Unit-7 steam turbine generator on 9 December.
- Strengthened dams per earthquake codes; permission for Somwadi dam rebuild.
- Rehabilitated Bhira set No. 5 with new core, coils, and 30 MVA transformer.
- Commissioned additional 90 MVA transformer at Vikhroli and 25 MVA at Parel.
- Signed MOU with Tennessee Valley Authority for power plant renovation.
- Commissioned second phase of Trombay combined cycle power project.
- Issued 91,549 Global Depository Shares; allotted shares to associate companies.
- Subdivided equity shares; allotted 77,70,000 equity shares on private placement.
1995
- Commissioned 150 MW pumped storage unit in synchronous condenser mode.
- Undertook modernisation of 12 MW hydro units at Bhivpuri and Khopoli.
- Replaced core laminations at Bhira and Khopoli generators.
- Provided services to Tata Projects Ltd. for 33 kV substations in Abu Dhabi and Al Ain.
- Issued 1400 abeyance shares and 56,79,588 equity shares pursuant to contract.
1996
- Commissioned 150 MW pumped storage unit at Bhira; refurbished five 25 MW units.
- Strengthened network with new switchgear, breakers, relays, and metering.
- Installed 220 kV underground transmission from Dharavi to Backbay.
- Government of Karnataka awarded 80 MW multi-fuel power project.
- Converted 3x62.5 MW thermal units at Trombay into synchronous condensers.
1997
- Trombay thermal units operated at 74% availability and 64.3% utilization.
- Replaced 6x12 MW hydro units with 3x24 MW at Bhivpuri Generating Station.
- Tata Group to activate book entry operation for higher stake in Tata Power.
1998
- Project proposals to set up captive power units to increase generation by 500 MW.
- Entered Joint Venture Agreement with Total Gas and Power India for LNG Terminal at Trombay.
1999
- CRISIL and ICRA awarded AAA and LAAA ratings for debentures up to Rs 500 crores.
- Trombay Thermal achieved 7670 MUs generation.
- Acquired 37.5 MW generating station at Wadi, Karnataka.
- Set up facilities for dematerialisation of shares.
- Signed Power Purchase Agreement for 81.3 MW diesel-based plant at Belgaum with Karnataka Electricity Board.
2000
- Tata Group set to merge Tata Power, Andhra Valley Power Supply Company, and Tata Hydro-Electric Power Supply.
- Gearing up with Reliance Infocom, BSES TeleCom, and Caltiger for internet telephony services.
- In talks to acquire four independent power projects in Madhya Pradesh, Karnataka, and Tamil Nadu.
- Obtained 'A' licence as Internet service provider.
- Appointed A.M. Sahni as Wholetime Director effective 27 November.
2001
- May hive off telecommunications business into separate company.
- Sold 45 lakh shares stake in Tata Liebert Ltd. to Emerson Electric at Rs 170 per share.
- Tata Group hiked holding in company to 32.36%.
2002
- Signed agreement with Power Grid Corporation for Tala Transmission Line.
- Declared successful bidder in VSNL disinvestment by Government of India.
- 120 MW Unit 3 at Jojobera Power Plant commenced commercial production.
- Acquired North North-West Delhi Distribution Co. Ltd. (Discom-III).
- Delhi government signed share-holding agreement for power distribution.
- Bagged Good Corporate Citizen award by Bombay Chamber of Commerce for 2001-02.
- Appointed Firdose A Vandrevala as Managing Director.
- BSES filed suit against company with MERC for poaching consumers.
2003
- Signed subscription agreement with Power Trading Corporation of India Ltd. for up to 100 million equity shares.
- Submitted expression of interest for Tata Sons' share buyback programme.
- Tied up with British Petroleum to evaluate 2,184 MW Dabhol power project.
- Awarded contract for 180 km 400 kV double circuit transmission line from Palandur to Chandrapur.
- Entered joint venture with Power Grid Corporation of India Ltd. for 1,200 km transmission line.
- Entered Shareholders Agreement for 400 kV Tala Transmission Line Project.
- Supreme Court ruled for payment of 20% arrears of standby charges of Rs 4110 crore.
- Infused Rs 352 crore in group's telecom businesses.
- Members approved delisting from Delhi, Pune, and Ahmedabad stock exchanges.
- Bagged $8.9 million order from Bangladesh power grid project.
- Awarded contract for 400 kV Vishnuprayag-Muzaffarnagar transmission line.
- Jointly developing 330 MW Srinagar Hydro Power Project with Synergies Hydro Asia.
- Started construction of merchant power plant at Jojobera, Jharkhand.
- Entered Joint Venture Agreement with Power Grid Corporation for 1200 km transmission line from Siliguri to Mandola.
- Appointed A J Engineer as Additional Director effective 19 November.
- Tendered unconditional apology to MERC for supplying power below 1,000 kVa.
- Duncans North Hydro Power became fully owned subsidiary.
- Ahmedabad Stock Exchange delisted securities effective 15 January 2004.
2004
- Acquired 100% equity stake of Tata Power Trading Co. Pvt. Ltd.
- Floated wholly owned subsidiary Tata Power Trading Company Private Limited for power trading; received CERC licence.
- Signed Development Agreement with GAIL India Ltd. and BP for Dabhol gas and power.
- Nominated Sanjay Bhatia as State Government Director.
- Union Government cleared trading licence on 20 May.
- Signed MOU with National Power Company of Al-Zamil Group, Saudi Arabia.
2005
- Signed generation pact with DVC on Maithon Project.
- Entered agreement for sale of shares in Tata Power Broadband.
2006
- Joined hands with Siemens.
- Nominated Jayant S Kawale as State Government Director effective 27 November.
2007
- Signed MoU with Government of Chhattisgarh for 1000 MW coal-fired mega power plant.
- Appointed Anil K Sardana as Executive Director effective 1 March.
- Nominated Rahul Asthana as State Government Director effective 30 March.
- Acquired Coastal Gujarat Power Ltd. for Mundra Ultra Mega Power Project.
- Roped in Doosan Heavy Industries for supercritical boilers at Mundra UMPP.
- Appointed Anil Kumar Sardana as Additional Director effective 9 August.
2008
- Appointed Dr. R H Patil and P G Mankad as Additional Directors effective 3 July.
2009
- Signed MOU with Government of Gujarat for 5 MW geothermal and solar power plants.
- Appointed A K Basu as Additional Director effective 26 March.
2010
- Consortium with Arrow Energy awarded Satpura Coal Bed Methane block in Madhya Pradesh.
- CRISIL assigned AA/Positive rating to Rs 6 billion non-convertible debenture programme.
- First Clean Development Mechanism registered project: 50.4 MW Khandke wind farm.
- Signed MoU with Korea East West Power for operations.
2011
- Bestowed Vasundhara Award in industry category by Maharashtra Pollution Control Board.
- Won Best Environmental Performance Power Plant Gold and Environmental Company Bronze at Asian Power Awards.
- Retail consumer base in Mumbai exceeded 1 lakh.
- JV won bid for 236 MW hydropower project.
- Launched Village Education Excellence Program in villages surrounding Tiruldih, Jharkhand.
- Split face value of shares from Rs 10 to Re 1.
2012
- Signed long-term coal supply agreement with PT Antang Gunung Meratus, Indonesia.
- Acquired 26% stake in PT Baramulti Suksessarana Tbk through Khopoli Investments Limited.
- Entered 50:50 joint venture with Exxaro Resources Limited.
- Received letter of intent from Jharkhand State Electricity Board for Jamshedpur distribution franchise.
- Ratan N. Tata stepped down as Chairman; Cyrus P. Mistry appointed Chairman.
2013
- Signed agreement with Clean Energy Invest AS and IFC InfraVentures for hydro projects in Georgia.
- Signed MoU with Ministry of Industry and Trade, Government of Vietnam, for Long Phu 2 Power Project.
- Signed Share Purchase Agreement for 39.2 MW wind farm in Gujarat.
- Won 1,200 MW project in Vietnam.
2014
- Won National Award for Excellence in Corporate Governance 2013.
- Signed Share Purchase Agreement for 540 MW coal-based thermal power project in Maharashtra.
- Successfully commissioned 2nd 25 MW solar farm in Palaswadi, Maharashtra.
- Tata Power SED to produce defense navigation system for Honeywell.
- Announced rights issue in ratio 7:50.
2015
- Entered binding understanding with NELCO to purchase defence business.
- Signed MoU with Siberian Coal Energy Company for energy sector opportunities.
- Tata Power SEP consortium down-selected for MAKE Project Battlefield Management System for Indian Army.
- Commissioned unit 1 of 126 MW Dagachhu Hydro project in Bhutan.
- Successfully commissioned 63 MW unit of Dagachhu Hydro power project in Bhutan.
- Entered Share Purchase Agreement for 120 MW Itezhi Tezhi hydropower project in Zambia.
- Commissioned 1.25 MW rooftop projects at SASTRA University campuses in Tamil Nadu.
- Commissioned one of India's largest radio frequency metering projects.
- Joined hands with BlackBerry arm for mobile communications system.
- Entered partnership with Cargill and Schneider Electric for natural ester filled transformers.
- Trombay Thermal Power bagged Best Safety Practices Award.
- Launched special AC exchange programme in Mumbai under 'Be Green' initiative.
- Launched online module of Club Enerji programme.
- Honoured with SAP ACE Award 2015 for enterprise-wide technology adoption.
- Joint-venture 120 MW Itezhi Tezhi Hydro Power Project in Zambia received CDM approval from UNFCCC.
- Honoured at National Energy Conservation Award 2015.
- Gamesa India contract for 100 MW turnkey wind project in Andhra Pradesh.
- Maithon Power Limited commenced power flow to Kerala on long-term agreement.
- Signed MoU with Ministry for Development of Russian Far East.
2016
- Bagged award for best performance in power sector.
- Distribution Projects obtained Integrated Management System Certification.
- Synchronized unit 1 of 202.5 MW IEL Kalinganagar-Orissa project.
- Innovated with Toshiba and Cargill to develop India's first pad mount substation.
- Received forest clearance for wind power project.
- Inaugurated third Tata Power Skill Development Institute in Maithon, Jharkhand.
- Commissioned solar unit at Rajaram Maize factory.
- Launched spot billing facility for Mumbai consumers.
- Launched mobile app for stakeholders and consumers.
- Unveiled four training hubs in India.
- Acquired 30 MW wind farm in Maharashtra.
- Received order to supply to Indian army.
2017
- Tata Power Renewable Energy Ltd. commissioned two projects in Andhra Pradesh and Tamil Nadu.
- Maithon Power Plant awarded Global Energy Management Award.
- Tata Power Skill Development Institute inaugurated 'Skills on Wheels'.
- Tata Power Renewable Energy commissioned 100 MW wind farm in Andhra Pradesh.
- Inked pact for electricity distribution in Ajmer.
- Turned around solar business to become India's largest integrated solar company.
- Launched super-efficient BLDC ceiling fan program in Mumbai.
- Awarded for excellence in cost management at 14th National Awards.
- Introduced QR code for bill payments as first power utility in India.
- Launched EV charging infrastructure in Mumbai.
- Tata Power Skill Development Institute won accolades at Indo Global Skill Summit.
- Awarded for establishing and early commissioning of 100 MW solar plant.
- Tata Power Solar commissioned India's first rooftop solar carport.
- Awarded for domain excellence in biodiversity conservation at CII-ITC Sustainability Awards.
- Won mining license project in Kamchatka, Far East Russia.
- Won top awards at risks related Leadership Summit.
2018
- Bagged 'Par-Excellence' and 'Excellent' awards at 32nd National Convention on Quality Circles.
- Empowered Haldia community during 10th Tata Volunteering Week.
- Tata Power Solar launched extensive residential rooftop solution in Bhubaneswar.
- Bagged GOLD and Best Project From India at International Convention on Quality Control Circles.
- Inaugurated Ajmer's first All-women Customer Relations Centre.
- Inaugurated second All-women Customer Relations Centre in Borivali, Mumbai.
2019
- Inaugurated 4th All-Women Customer Relations Centre in Ghatkopar, Mumbai.
- Received Letter of Intent for acquisition of CESU Power Distribution in Odisha.
- Launched Maharashtra's 1st All Women Dairy Enterprise in Maval.
- Ranked among top 10 companies with highest Corporate Governance score.
- Joined hands with local colleges to leverage government scholarship schemes in Mumbai.
2020
- Recognised as one of the country's most sustainable companies by Sustain Labs Paris.
- Bagged SAP ACE Award 2020 for adoption of transformative technologies.
- CRISIL upgraded long-term rating to CRISIL AA/Stable.
- TP Renewable Microgrid Ltd. partnered with Airtel Payments Bank to enhance customer convenience.
- Signed PPA with Apollo Gleneagles Hospital, Kolkata, for Indian health sector's biggest carport.
- TPSDI won gold at 2020 Brandon Hall Group HCM Excellence Awards.
2021
- TP Northern Odisha Distribution Ltd trained over 500 Women Self-Help Groups in Keonjhar and Mayurbhanj districts.
- Received Letter of Award from MSEDCL for 300 MW hybrid (wind & solar) project.
- Collaborated with IIT Madras on R&D, consultancy, advocacy, training, and technology solutions.
- Awarded India's largest solar and battery storage project worth INR 945 crore.
- Collaborated with Tata Steel to set up 41 MW grid-connected solar projects in Jharkhand and Odisha.
- Achieved milestone of more than 1000 EV charging stations across the country.
2022
- Tata Power Renewable Energy Limited received Letter of Award for 255 MW hybrid project for Tata Power Delhi Distribution Limited.
- Tata Power Solar Systems Ltd. and Union Bank of India joined hands to facilitate solar rooftop adoption in MSME sector.
- Collaborated with Indian Army to set up EV charging points in Delhi Cantonment.
- Tata Power Solar Systems Ltd. launched cost-efficient solar off-grid solutions.
- Launched 'Sustainable Is Attainable' initiative with News18 Network to fast-track India's green energy transition.
2023
- Collaborated with Indian Oil Corporation Limited to deploy 500+ fast and ultra-fast EV charging points across India.
- Acquired Bikaner-Neemrana Transmission Project to boost renewable energy evacuation.
- Signed MoU with Government of Maharashtra for 2800 MW pumped hydro storage projects.
- Tata Power Renewable Energy Limited signed PPAs with MSEDCL for 200 MW and 150 MW solar projects.
- TP Saurya Limited inked PPA with Tata Power Trading Company Limited for 200 MW solar project in Rajasthan.
- Tata Power Renewable Energy Limited signed PPA for 510 MW hybrid project with Tata Power Delhi Distribution Ltd.
2024
- Signed MoU with Asian Development Bank for US$4.25 billion to finance clean energy projects.
- Acquired Paradeep Transmission for Rs 18.64 crore.
- Bagged project SPV ERES-XXXIX from REC Power Development.
- Secured 400 MW hybrid project from MSEDCL.
- Partnered with DGPC to set up 600 MW hydro project in Bhutan.
