Questions across 6 calls

Dr. Praveer Sinha

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Tata Power Company Limited

Tata Power Company Limited CC-Feb26.pdf · 2026-02-04

This is all under discussion. We had a few m onths back a joint meeting of all the procurers during which it was agreed that Gujarat will take the lead in finalizing the SPPA term. Now that the SPPA is agreed with Gujarat, leave one point, we will be circulating this to other states and once we get their in-principle approval, we will try to start operating the plant and scheduling it to them based on their acceptance. So, hopefully in the next few weeks, we should be able to find out the comfort level of the other procurer state and then we will start scheduling the power.

So, our target this year was that we will set up 2.6 gigawatt which included third party and ourselves. We have already done 1.9 gigawatt which includes third party and also it includes 600 megawatt of our own capacity addition. We have another 400 to 500 megawatt of project which we are pursuing which we expect to complete in this quarter and then we have projects which will come up in 2027, wherein most of the projects will be our own because all our so- called third party projects have got over including the SJVN, MSEDCL, NHPC. So, all the new projects that will come up will be catering to our own department.

Tata Power Company Limited CC-Nov25.pdf · 2025-11-11

So, it will be 10-gigawatt of wafer and ingot. We already have the 4.3 gigawatt of cell and module and another 250 in Bangalore. So, we already have 4.55 gigawatts of cell and module. But the new investment will be only in wafers and ingot.

Absolutely right.

Tata Power Company Limited CC-Jun25.pdf · 2025-08-01

So, as you are aware, we have carried out a huge amount of improvement in reducing the AT&C losses, which is the technical and commercial losses. We are still in some places in 17%-18% range. We do expect that in the next 3 years, we will bring down to about 10% range and the type of reductions that we have seen in last 4 years, this trend will continue and that will help us in getting better returns. We also have a huge amount of capital expen diture that is happening and the return on eq uity will start flowing in all the capital expenditures that we have implemented. Our collection efficiency again is improving and many of the quarters we end up doing 100%. Sometimes because of weather reasons, weather conditions or because of certain extraneous reasons, the collections have got impacted. We do expect that this will consistently become 100% as we see in Delhi and Mumbai, where we have our distribution setup. So, I think there are a whole lot of opportunities to further improve and you will see substantial improvements considering that many of the legacy issues which were there in Odisha, we have been able to overcome and the NCL provisions is no more required that we had been doing in the previous year. Cleaning of the customer data sets and customer information has been done. Huge amount of changes in meters have taken place. We have actually put nearly 25 lakh meters in last 4 years and now large scale smart meters are being sold there. So, I think you will see huge improvement in Odisha in the coming years.

You are 100% right. Right now, very small quantity of imported cells we are using in some of the older projects. But other than that everywhere we are using our own cell and module. Rooftop business practically 100% is now our own cell and module DCR and also in many of our projects we are using our own cell and module. So, I think going forward you will see more and more of these type of projects happen ing with DCR cells and modules.

Tata Power Company Limited CC-Mar25.pdf · 2025-05-14

So our CAPEX for the whole year is Rs. 16,200 crores, for the 4th Quarter it was Rs. 4,000 crores plus. There were some delays in execution of projects. One was in the renewables, some of the locations, the transmissions, and evacuation system, which is being done by the other companies, they could not be set up . And because of those delays we could not complete the project in time and evacuate the power. The second is some of the transmission lines that we were doing, those also got delayed because of right of way issues. We have been able to sort that out . And whatever we could not complete in the last quarter, we will be able to meet all those in this quarter. So, it's not that they have been deferred but it's just that the implementation timeline has got a little delayed for various reasons . And we are on track to make up in the coming quarters.

Yes. This year we will commission nearly 2.5 gigawatts to 2.7 gigawatts of renewable projects. Last year we actually completed the 2.3 gigawatts of projects.

Tata Power Company Limited CC-Mar24.pdf · 2024-05-08

So, let me try to respond to this. One is that based on the scheme that the government has announced, the main benefit is to consumers who use 1, 2 or 3 kilowatts of rooftop solar. The trend that we have seen based on the people who have registered, the first 1 crore household, more of it is 3 and 2-kilowatt. So, what we can expect is the average of about 2.5. So, it means about 25 to 30-gigawatt of rooftop has to be implemented in the next 3 to 4 years. And considering that we already have a market share of nearly 20%, we are looking at something near to that. Mind you that we already have more than 2 -gigawatt of rooftop solar already installed in the country, so we have the largest penetration with 20% market share. And the #2 in this is someone with a 2% market share. So, we have a huge gap between us and the next one of players in that range. And we expect that we will maintain our leadership.

So, we are setting up this plant only for meeting the DCR obligations for the home purpose that we will be able to use it for our own utility scale group captive as well as for rooftop opportunity if that comes out.

Tata Power Company Limited CC-Dec23.pdf · 2024-02-09

So, as you are aware, the ALM M will kick in from 1st April. So, many of the projects where they were given the concession till 31st March, if they have not got completed, then they will have to only procure Indian make modules. So, that's where our benefit is there. The international prices have crashed. But I do expect that with this condition and also the new opportunity of 1 crore houses, which will have only domestic make modules, we will have a great opportunity. In fact, there is now huge demand that we are seeing from various of the CPSUs and various of the other procurers who want to set a project in the next financial year that they would like to tie up on a long-term basis from us. So, we don't expect that we will have any challenge in supplying modules from our factory and our margins to that extent will be quite protective.

Well, I would always expect more than that.