Tata Power Company Limited · NSE:TATAPOWER

Tata Power — The Tata Power Company — Q2 FY27 Earnings Presentation

72 slides from Tata Power's earnings presentation, Nov 11, 2026

  1. Slide 1: Exchange filing cover letter: Presentation to Analysts

    November 11, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, 5th Floor 1st Floor, New Trading Ring Plot No. C/1, G Block Rotunda Bldg., P. J. Towers Bandra-Kurla Complex Dalal Street, Fort Bandra (East) Mumbai – 400 001. Mumbai – 400 051. S

  2. Slide 2: Financial Results – Q2 FY27

    The Tata Power Company Limited (TPCL) FINANCIAL RESULTS – Q2 FY27 11th November 2026

  3. Slide 3: Disclaimer

    Disclaimer This document does not constitute or form part of and should not be construed as a prospectus, offering circular or offering memorandum or an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company or any of its subsidiaries or affiliates in any

  4. Slide 4: Agenda

    Agenda 04 About Tata Power 08 Industry Highlights 15 Financial Highlights 20 Operational Highlights 33 Long Term Strategic Projects 37 Annexures 56 Sustainability: Manifesting a Greener Tomorrow 68 What sets us Apart

  5. Slide 5: The Tata Power story

    The Tata Power story

  6. Slide 6: India's largest vertically-integrated power company

    India’s largest vertically-integrated power company Generation New-age Energy Solutions Generation ~27.1 GW 17.4 GW 18.3 GW Total Capacity Clean & Green Energy (Operational + Under construction) Including under construction (Total Installed capacity) (9.5 GW + BESS 0.2 GW) Transmission Distribution

  7. Slide 7: Integrated Growth Aspirations

    Integrated Growth Aspirations FY 2026 FY 2030E Revenue ₹ Cr What we have What we aim achieved to achieve 63,681 ~1.6X 1,00,000 ~16.7 GW >30 GW Total capacity (incl. thermal capacity) Total capacity (incl. thermal EBITDA capacity) ₹ Cr Generation ~7 GW >20 GW Clean & green capacity Clean & Green 16,0

  8. Slide 8: Financial performance consistently improving over the years

    Financial performance consistently improving over the years Revenue (in ₹ Cr) EBITDA (in ₹ Cr) Underlying EBITDA (in ₹ Cr) 38,784 8,494* 9,222** H1FY27 H1FY27 H1FY27 63,681 16,090 16,798 64,502 14,468 15,261 61,542 12,701 13,878 56,033 10,068 13,268 42,576 8,192 10,134 Reported PAT^ (in ₹ Cr) ROE (%

  9. Slide 9: Industry Highlights

    Industry Highlights 8

  10. Slide 10: Power Demand up 11% YoY in Q2 FY27

    Power Demand up 11% YoY in Q2 FY27 India has one of the lowest power Ratio of Power Demand Monthly Energy Demand Coal-based plants' PLF % consumption per capita Growth to GDP growth in the (IN BUs) (IN %) (IN KW H) past 5 years 180 25% 30,000 9% 0.9x 85% 160 0.9x 20% 8% 80% 25,000 140 7.9% 1,400 uni

  11. Slide 11: Clean & Green accounted for ~25 GW capacity additions during H1 FY27

    Clean & Green accounted for ~25 GW Capacity additions during H1 FY27 Total Installed Capacity in India ~4.3 GW added in Sep-26 ~11.4 GW added in Q2 FY27 Renewables (incl. Hydro) added currently stands at 559 GW (IN GW) (~27 GW added in H1 FY27) 10.7 GW in Q2 FY27 (IN GW) (IN GW) (IN %) 10.0 Thousand

  12. Slide 12: Cell & Module Prices down YoY; Coal prices increase

    Cell & Module Prices down YoY; Coal prices increases Price Movement of Polysilicon & Price Movement* of Solar Cell & Thermal Coal Prices (US$/t) Wafer Module 0.3 470 42 1.6 0.25 400 35 330 0.2 1.2 28 0.15 260 21 0.8 0.11 0.1 190 14 145 0.4 0.05 6.6 0.05 120 7 124 0 0.15 0 0 50 Mar-22 Mar-23 Mar-24 M

  13. Slide 13: Q2 FY27 RE Auctions dominated with Storage bids

    Q2 FY27 RE Auctions dominated with Storage bids Minimum e-reverse auction tariff’s in Q2 FY27 Renewable energy auction volumes (₹/kWh) (GW) 8.0 400 60 320 50 6.0 240 Thousands/MW/Month 40 4.0 160 30 2.0 80 20 - 0 10 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Q1FY27 Q2FY27 Solar Wind 0 Hybrid Solar + Storage

  14. Slide 14: Transmission Capex crucial for Energy Transition

    Transmission Capex crucial for Energy Transition ₹9.2 tn transmission Capex anticipated in India All India AT&C losses (%) declined to 15% in FY25 between FY25-32E 26.6 25.7 25.5 23.7 23.7 22.6 22.3 21.6 21.5 20.7 Intra-State, ₹2.7 16.4 16.3 15.1 15.0 tn Inter-State Transmission System Intra-State T

  15. Slide 15: Q2 FY27: Key Highlights

    Q2 FY27: Key Highlights Key Highlights Solar Manufacturing Tata Power achieves half-yearly IEL commissions 120 MW waste profitability increased due to Tata Power commissioned Rooftop business Capex of ~₹10,000 Cr heat recovery PH7 unit, fully tied better sales mix Jalpura-Khurja Transmission achieve

  16. Slide 16: Financial Highlights

    Financial Highlights 15

  17. Slide 17: Q2 FY27 - Financial Performance – By Business

    Q2 FY27 - Financial Performance – By Business Consolidated Financial Performance (In ₹ Cr) Consolidated Performance PAT • EBITDA excluding one off grew 12.8% YoY to Revenue EBITDA ₹ 4,245 cr driven by growth across all clusters 19,886 45.6% 1,521 • Reported PAT grew by 33% YoY to ₹ 1,652 cr while 28

  18. Slide 18: Q2 FY27 - Financial Performance – By Business

    Q2 FY27 - Financial Performance – By Business Renewable Cluster (In ₹ Cr) Renewable Cluster Revenue EBITDA PAT • Strong performance by (i) RE Gencos, (ii) Rooftop business achieved 426 MWp installation in the 1,728 quarter (up 15% YoY) & (iii) Solar manufacturing 3,746 618 3.7% 9.7% 21.0% reporting

  19. Slide 19: EBITDA bridge Q2 FY26 to Q2 FY27

    (In ₹ Cr) 3,764 Q2 FY26 (Excl One offs*) Improved billing efficiency 200 Distribution Higher PLF, DSM gain (Trombay), FGD 133 capitalization (MPL) Traditional Generation Excl. Mundra Regulated businesses Higher capitalization in Mumbai 58 Transmission Business Regulated Transmission Mainly driven by

  20. Slide 20: Comfortable Debt Position For Sustainable Growth

    Comfortable Debt Position For Sustainable Growth Net Debt Net Debt has increased Q-o-Q due to higher capex and WC requirements (IN ₹ Cr) (IN ₹ Cr) 61,238 4,476 1,426 604 62,681 Q2 FY27 62,681 1,664 56,175 (3,988) (318) (2,420) Q1 FY27 61,238 Q2 FY26 54,001 Balance Sheet continues to be strong H1 FY2

  21. Slide 21: Operational Highlights

    «a TATA Ya Operational Highlights

  22. Slide 22: Q2 FY27 Operational Highlights

    Q2 FY27 Operational Highlights Generation - Availability Plant Load or Capacity Utilization Factor AT&C Losses - Distribution IN % IN % IN % 100 100 26.7 Temporarily suspended operations 79 Temporarily suspended operations 99 99 76 75 98 98 98 98 69 69 96 21.0 21.4 96 95 94 47 45 46 90 38 89 30 9.6

  23. Slide 23: H1 FY27 Operational Highlights

    H1 FY27 Operational Highlights Generation - Availability Plant Load or Capacity Utilization Factor AT&C Losses - Distribution IN % IN % IN % 100 99 100 77 76 96 97 98 98 21.0 21.4 93 92 69 45 45 45 35 32 29 8.2 6.9 22 21 5.4 5.5 0.7 0.5 Thermal Mundra MO Hydro WIND SOLAR Thermal Mundra MO Hydro MO-

  24. Slide 24: Coal Mines – Operational Highlights

    Coal Mines – Operational Highlights Tata Power Share % Production Sales In MT In MT 15.1 KPC 30% 14.4 14.4 14.6 12.7 12.8 AGM 26% BSSR 26% 3.2 3.5 2.6 2.6 2.5 2.2 1.2 1.3 1.6 1.2 1.3 1.6 KPC BSSR AGM KPC BSSR AGM Production data on 100% basis Q2 FY27 Q1 FY27 Q2 FY26 23 tatapower.com tatapower.com Ge

  25. Slide 25: RE Generation Poised for Growth – Capacity Additions

    RE Generation Poised for Growth – Capacity Additions to Drive Profitability Capacity Additions (GW) 1.8 27.1 LAND Installed Capacity (GW) 1.1 0.6 • Land acquisition remains aligned 1.0 5.1 22.5 with execution 0.2* • Creating a large land bank to 1.3 0.6 17.4 support future RE capacity 5.8 additions

  26. Slide 26: RE Generation - Hybrid/FDRE Projects Lead Under-construction Portfolio

    RE Generation - Hybrid/FDRE Projects Lead under-construction Portfolio SJVN 460MW* NTPC 200MW* MSEDCL 400MW* PH SJVN RTC 88MW* Tata Power Mumbai FDRE FDRE IV Hybrid DISCOM 80 MW* Tariff (₹/unit) 4.38 4.71 3.60 4.91 4.77 e-RA date 7 Nov 2023 22 Mar 2024 16 Aug 2024 27 Feb 2025 19 Aug 2025 Installed c

  27. Slide 27: Solar Manufacturing – Industry Leading Plant Yield

    Solar Manufacturing – Industry Leading Plant Yield Solar Cells and Module Production (MW) Quarter Highlights 949 970 990 1,001 1,000 926 915 871 880 • Production of 1,000 MW modules and 906 MW cells 904 928 962 964 906 during Q2 FY27 614 862 651 • Industry leading plant yield of 97% for modules and

  28. Slide 28: Rooftop Solar: India's Most Trusted End-to-End Distributed Energy Platform

    Rooftop Solar: India’s Most Trusted End-to-End Distributed Energy Platform Our Aspirations Not just a rooftop installer. A fully integrated energy solutions ecosystem 30 lakh ~₹30,000 cr Households served by 2030 Cumulative revenue by 2030 1 Trust built over 100 years 2 Large existing customer acces

  29. Slide 29: Solar Rooftop – Execution of 426 MWp in Q2 FY27

    Solar Rooftop – Execution of 426 MWp in Q2 FY27 Rooftop Revenue 3 rd Party Rooftop Order Book (In ₹ Cr) (In ₹ Cr) 1,732 1,350 1,356 2,760 1,133 1,075 2,363 864 823 509 439 898 501 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Order Book at Orders received Reported Order Book at FY25 FY25 FY25 FY26 FY26 FY26 FY26 FY27

  30. Slide 30: Tata Power – EZ Charge

    Tata Power – EZ Charge Cities and towns covered Public and Captive Charging Points 793 6,223 5,804 706 5,488 5,488 641 555 541 3,778 430 1,128 FY22 FY23 FY24 FY25 FY26 H1FY27 FY22 FY23 FY24 FY25 FY26 H1FY27 Home Chargers Bus Charge Points 1,238 1,248 1,262 2,87,508 2,14,061 858 1,36,777 86,086 38,89

  31. Slide 31: Mumbai Transmission: a regulated compounding engine

    Mumbai Transmission: a regulated compounding engine Rising regulated equity base, 15.5% regulated RoE and a MERC-approved capex pipeline ₹2,646 Cr 15.5% >₹4,000 Cr ~₹15,000 Cr Regulated equity, Q2 FY27 Regulated return on equity DPR schemes under execution Mumbai grid capex plan 3-year CAGR of 12% E

  32. Slide 32: Transmission – Updates on TBCB projects

    Transmission – Updates on TBCB projects Year Project Tata Power Stake Transmission Line Commissioning Ryapte Power Transmission FY 2029 Limited 100% 491 Ckt Kms FY 2029 Jejuri Hinjewadi Power FY 2028 Transmission Limited 100% 226 Ckt Kms FY 2028 Gopalpur Transmission Limited 100% 377 Ckt Kms FY 2028

  33. Slide 33: Odisha Discoms – Highlights

    Odisha Discoms – Highlights STRONG OPERATIONAL PERFORMANCE StrongACROSS ALL DISCOMS Financial Performance continues Odisha Discoms AT&C loss stands at 21% Smart Meters REDUCING AT&C LOSSES => Installed till PROMISING GROWTH EBITDA (INR Cr) Date (Excl. past arrears) 1,471 16% H1 FY27 23% 1,272 TPCODL

  34. Slide 34: Long Term Strategic Projects

    LONG TERM STRATEGIC PROJECTS 33 tatapower.com tatapower.com

  35. Slide 35: MoU with Druk Green Power for clean energy projects in Bhutan

    MoU with Druk Green Power to develop 5.5 GW clean energy projects in Bhutan 364 MW 1,125 MW 15 GW 600 MW Bhutan’s vision 2040 for hydro Bhutan Existing hydro 5 GW station Khorlochhu Chamkharchhu IV Proposed Hydro HPP Bhutan’s vision 2040 for solar 740 MW HPP Power Plants (HPP) 404 MW Dorjilung Poten

  36. Slide 36: Hydro Projects – Bhutan | Construction Progressing Well

    Hydro Projects – Bhutan | Construction Progressing Well Khorlochhu HPP Bhutan – 600 MW • Tied up under PPA for 30 years with Tata Power Trading Company Ltd (TPTCL) with UPPCL as an off taker • Levelized tariff of Rs 6.75/kWh including trading margin of TPTCL • Expected commissioning in CY 2029 Dorji

  37. Slide 37: Pumped Storage Hydro-Project Update

    Pumped Storage Hydro-Project Update Bhivpuri PSP Project – 1,000 MW Receives SECI Letter of Award for 324 MW • With the upper reservoir already in • LoA received from SECI place, construction activities for the • Award is for 40-year pumped storage intake, lower reservoir and powerhouse purchase agr

  38. Slide 38: Annexures

    Annexures 37 tatapower.com tatapower.com

  39. Slide 39: Tata Power (Consolidated) Financial Performance

    Tata Power (Consolidated) Financial Performance ₹ Crore unless stated Particulars Q2 FY27 Q2 FY26 % YoY H1 FY27 H1 FY26 % YoY Quarter Variance Remarks Operating Income 19,886 15,769 26% 38,784 33,233 17% Operating Expenses 15,969 12,243 30% 31,007 26,139 19% Higher sales across Thermal, Renewable an

  40. Slide 40: Entity-wise Consolidated Performance – Q2 FY27

    Entity-wise Consolidated Performance – Q2 FY27 ₹ Crore unless stated Op Income EBITDA^ PAT Particulars Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Consolidated before exceptional items 19,886 15,769 4,245 4,032 1,521 1,245 Standalone & Key Subsidiaries Tata Power (Standalone) 6,192 2,566 1,786 1

  41. Slide 41: Entity-wise Consolidated Performance – H1 FY27

    Entity-wise Consolidated Performance – H1 FY27 ₹ Crore unless stated Op Income EBITDA^ PAT Particulars H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 Consolidated before exceptional items 38,784 33,233 8,494 7,961 2,922 2,508 Standalone & Key Subsidiaries Tata Power (Standalone) 11,744 7,714 3,035

  42. Slide 42: Cluster-wise Consolidated Performance – Q2 FY27

    Cluster-wise Consolidated Performance – Q2 FY27 ₹ Crore unless stated Particulars Op Income EBITDA^^ PAT Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Consolidated before exceptional items 19,886 15,769 4,245 4,032 1,521 1,245 Thermal Generation, Coal and Hydro 5,883 2,336 790 486 555 1 Maithon Po

  43. Slide 43: Cluster-wise Consolidated Performance – H1 FY27

    Cluster-wise Consolidated Performance – H1 FY27 ₹ Crore unless stated Particulars Op Income EBITDA^ PAT H1 FY27 H1 FY26 H1FY27 H1 FY26 H1 FY27 H1 FY26 Consolidated before exceptional items 38,784 33,233 8,494 7,961 2,922 2,508 Thermal Generation, Coal and Hydro 11,076 7,180 1,816 1,460 1,190 503 Mai

  44. Slide 44: Tata Power (Standalone) Financial Performance

    Tata Power (Standalone) Financial Performance ₹ Crore unless stated Particulars Q2 FY27 Q2 FY26 % YoY H1 FY27 H1 FY26 % YoY Quarter Variance Remarks Operating Income 6,192 2,566 141% 11,744 7,714 52% Operating Expenses 5,412 1,989 172% 9,906 6,186 60% Operating Profit 780 577 35% 1,838 1,528 20% Mun

  45. Slide 45: Maithon Power Limited - Highlights

    Maithon Power Limited - Highlights ₹ Crore unless stated Particulars Q2 FY27 Q2 FY26 % YoY H1 FY27 H1 FY26 % YoY Quarter Variance Remarks Generation (MUs) 1,820 1,876 (3%) 3,622 3,708 (2%) Sales (MUs) 1,761 1,869 (6%) 3,523 3,699 (5%) Availability (%) (Plant) 95% 96% -162 bps 96% 95% 43 bps PLF (%)

  46. Slide 46: Prayagraj Power Generation Co. Ltd. - Highlights

    Prayagraj Power Generation Co. Ltd. - Highlights ₹ Crore unless stated Particulars Q2 FY27 Q2 FY26 % YoY H1 FY27 H1 FY26 % YoY Quarter Variance Remarks Generation (MUs) 3,191 3,349 (5%) 6,682 6,874 (3%) Sales (MUs) 2,997 3,157 (5%) 6,292 6,484 (3%) Availability (%) 81% 93% -1195 bps 88% 95% -773 bps

  47. Slide 47: Tata Power Delhi Distribution Ltd. - Highlights

    Tata Power Delhi Distribution Ltd. - Highlights ₹ Crore unless stated Particulars Q2 FY27 Q2 FY26 % YoY H1 FY27 H1 FY26 % YoY Quarter Variance Remarks Purchase (MUs) 3,802 3,577 6% 7,227 6,874 5% Sales (MUs) 3,606 3,384 7% 6,845 6,500 5% AT&C losses (%) 5.4% 5.5% -13 bps 5.4% 5.5% -13 bps Financials

  48. Slide 48: Odisha Discoms – Highlights

    Odisha Discoms – Highlights ₹ Crore unless stated TPCODL TPSODL TPWODL TPNODL TOTAL Particulars Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Purchase (MUs) 3,435 3,410 1,269 1,216 2,899 2,946 2,252 2,103 9,855 9,675 Sales (MUs) 2,918 2,781 1,044 952 2,543 2,499 2,0

  49. Slide 49: RE Generation - Highlights

    RE Generation - Highlights ₹ Crore unless stated Particulars Q2 FY27 Q2 FY26 % YoY H1 FY27 H1 FY26 % YoY Quarter Variance Remarks Capacity - Total (MW) 7,154 5,746 25% 7,154 5,746 25% Added 419 MW capacity in the quarter Capacity - Wind (MW) 1,329 1,030 29% 1,329 1,030 29% Capacity - Solar (MW) 5,82

  50. Slide 50: Solar EPC – Highlights

    Solar EPC* – Highlights ₹ Crore unless stated Particulars Q2 FY27 Q2FY26 % YoY HY1 FY27 HY1 FY26 % YoY Quarter Variance Remarks Operating Income 1,796 2,440 (26%) 3,556 4,704 (24%) -Large projects & Group Captive 440 1,307 (66%) 850 2,748 (69%) -Solar Rooftop 1,356 1,133 20% 2,706 1,956 38% 426 MWp

  51. Slide 51: TP Solar (4.3 GW Cell & Module Plant) – Highlights

    TP Solar (4.3 GW Cell & Module Plant) – Highlights ₹ Crore unless stated Particulars Q2 FY27 Q2 FY26 % YoY H1 FY27 H1 FY26 % YoY Quarter Variance Remarks Module produced (MW) 1,000 970 3% 2,001 1,920 4% Module yield of 97% Module sold (MW) 829 1,026 (19%) 1,770 1,992 (11%) Cell produced (MW) 906 928

  52. Slide 52: Renewables – Consolidated View

    Renewables – Consolidated View ₹ Crore unless stated Key Parameters - Renewables Q2 FY27 Q2 FY26 % YoY H1 FY27 H1 FY26 % YoY Revenue 3,746 3,613 4% 7,517 7,239 4% EBITDA 1,728 1,575 10% 3,425 3,142 9% PAT (before exceptional items) 618 511 21% 1,230 1,042 18% Net Debt 35,608 30,340 17% 35,608 30,340

  53. Slide 53: Regulated Equity

    Regulated Equity ₹ Crore unless stated Particulars Q2 FY27 Q1 FY27 Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 -Generation Mumbai Generation 1,742 1,740 1,741 1,737 1,736 1,736 Jojobera 674 674 674 626 551 551 Maithon Power Limited (100%) 1,663 1,663 1,657 1,665 1,665 1,665 Industrial Energy Limited (100%) 1,02

  54. Slide 54: Regulated Assets

    Regulated Assets ₹ Crore unless stated Particulars Q2 FY27 Q1 FY27 Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 -Generation Mumbai Generation 1,343 1,368 1,393 1,329 1,340 779 Jojobera 100 52 49 38 38 33 Maithon Power Limited (100%) (134) (186) (219) (214) (192) (202) -Transmission Mumbai Transmission 1,565 1,53

  55. Slide 55: Key Segments - Debt Profile

    Key Segments - Debt Profile ₹ Crore unless stated Total Gross Debt (LT + ST) Company Q2 FY27 Q1 FY27 Q4 FY26 QoQ Tata Power (Standalone) 22,799 23,966 22,972 (1,167) Maithon 1,396 1,476 1,539 (80) Coal SPVs + TPIPL 2,952 3,197 3,959 (245) RE Gencos 32,038 31,734 29,497 304 TP Solar 4,517 4,498 4,496

  56. Slide 56: Tata Power - Debt Profile

    Tata Power - Debt Profile ₹ Crore unless stated Consolidated Particulars Q2 FY27 Q1 FY27 Q2 FY26 Rupee Forex Total Total Total Long term 61,138 2,378 63,516 62,011 52,360 Short term 2,519 7 2,526 5,133 5,909 Current Maturity of LT 7,231 574 7,805 6,925 6,875 Total Debt 73,846 74,069 65,144 Less: Cas

  57. Slide 57: Sustainability: At the core of all that we do

    Sustainability: At the core of all that we do Water Zero Waste Net Zero Neutral to Landfill By 2045 By 2030 By 2030 56 tatapower.com tatapower.com

  58. Slide 58: Our sustainability aspirations

    Our sustainability aspirations E Become Net Zero Become Water Zero Waste to Landfill No Net Loss to Leverage technology to by 2045 Neutral by 2030 by 2030 Biodiversity by 2030 create the 'Utility of the Future’ (IOT, Smart Grids, BESS, Green H2, robotic panel cleaning, SMR etc.) S Employability and

  59. Slide 59: Taking leaps towards our ESG goals

    Taking leaps towards our ESG goals Bas el i ne Progres s Target Pa rti cul ars Des cri pti on On goi ng acti ons Val ue Peri od Val ue Peri od Val ue Peri od • ~ 49% Clean and Green Capacity Clean & Green portfolio 16%* 2015 49% 2QFY27 70% 2030 • ~ 67% Clean and Green Capacity, post project completi

  60. Slide 60: Achieving 100% Clean & Green power generation by 2045

    Achieving 100% Clean & Green power generation by 2045 2015 2025 2030 2045 Largely a coal-based company, Transitioning towards a Clean & Green capacity will Transition away from thermal having capacities to fulfil the clean and green portfolio account for at least 70% of our portfolio in 2045* as Pow

  61. Slide 61: ESG Ratings Update

    ESG Ratings Update 2025-26* 2024 2023 2022 2021 2020 2019 CDP – Climate Change B B C C D B B- B B B C F CDP – Water S&P - CSA 77 68 67 67 67 - 48 (Higher score is better) A A BBB BBB BB BB BB MSCI 42.9 37.4 38.5 41.2 38.6 - - Sustainalytics (Lower score is better) *Dates of published ratings: CDP –

  62. Slide 62: Powering Biodiversity Conservation

    Powering Biodiversity Conservation Pan-India Biodiversity Action Plans Across all locations in 21 States including Thermal, Hydro, T&D and RE Gaja Sanrakshana, Odisha Mitigate human–elephant conflict | Expanded geographic coverage to 20 forest ranges| Recognised with the Odisha Chief Minister’s Awar

  63. Slide 63: Empowering Communities & Community Institutions

    Empowering Communities & Community Institutions 21.6 4.67 lakhs (Q2 - FY27) Outreach Reaching out by Strengthening Lakhs Community Institutions; AA Beneficiaries FY 27 target 55 lakhs 125+ Pay Autention Club Enerji Regions in 21 states CSR Mission To work with communities in our neighborhoods & spec

  64. Slide 64: Affirmative Action & Focus on Aspirational Areas

    Affirmative Action & Focus on Aspirational Areas Marquee Initiatives & Key Alliances: Club Enerji: Two state-level Urja Melas engaged 360+ students from 51 schools across UP, Bihar, Rajasthan and Gujarat followed by ToT on STEM and Pay Autention sensitisation workshops Adhikaar: 400 women registrati

  65. Slide 65: Thought Leadership for Social Inclusivity

    Thought Leadership for Social Inclusivity Marquee Initiatives & Key Alliances: Long term Skilling Initiatives • Prayagraj PwD Skill Centre: Enrolled 124 candidates across 8 batches, with 52 trained, 72 under training and 24 placed (~46% placement rate); launched a dedicated neurodiversity batch with

  66. Slide 66: Institutional Structures and Systems

    Well-established structure to monitor Sustainability Goals Our CSR and Sustainability Committee at the Board level guides the strategy, and the Apex Leadership Team enables its impactful implementation Leadership and Oversight on Sustainability Advocacy Leadership Initiatives that are based with car

  67. Slide 67: Robust Governance Structure in place

    Robust Governance Structure in place Governance policies Audit Committee ✓ Tata Code of Conduct ✓ Code of Conduct for Independent Directors ✓ Code of Conduct for Non-Executive Directors Nomination and ✓ Related Party Transactions Policy, Framework & Guidelines Remuneration Committee ✓ Whistle Blower

  68. Slide 68: Awards & Recognition

    Awards & Recognition 1. TPSODL received the 'Skill Development & Livelihood Creation Award' at the India CSR & Sustainability Awards 2026. 2. TPNODL CSR was awarded the 'Best CSR Initiative in Vocational Training & Skilling' at the Bharat CSR & Sustainability Summit. 3. TPWODL CSR and Environment Te

  69. Slide 69: What sets us apart

    What sets us apart

  70. Slide 70: Integrated Business Model

    Integrated Business Model Revenue (₹ Cr) EBITDA (₹ Cr) Net Debt (₹ Cr) PAT*** (₹ Cr) Tata Power Company Limited (TPCL) Q2 FY27 19,886 4,245 62,681 1,652 Thermal Generation, Renewables^ Transmission and Eliminations/ Others Coal & Hydro Distribution (Incl. corporate taxes, expenses and interest) Reve

  71. Slide 71: Deeply entrenched power company with history of more than 100 years

    Deeply entrenched power company with history of more than 100 years 1910-1955 2012-2013 2014-2015 2023 2026 2021 • 1910: Incorporated as • 2014: Entered into • Took over the distribution • Received second tranche of • Dorjilung HEP: Signed financing Tata Hydroelectric Power • 2012: Commissioned 2nd

  72. Slide 72: Thank You!

    Thank You! www.tatapower.com w w w . t a t a p o w e r. c o m I N V E S TO R R E L AT I O N S T E A M : Mr. Gautam Attravanam Mr. Anshul Verdia Chief – Treasury & Investor Relations Head – Investor Relations Email: [email protected] Email: [email protected]

The Tata Power Company — Q2 FY27 Earnings Presentation on 6ix