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315	315	The Indian market continues to remain the primary focus of business for the company. Currently, the domestic market accounts for more than 90% of its generation capacity.
316	316
317		-Renewables Generation
318	318
	318	+== Renewables Generation ==
	319	+
319	319	The company is a leading player in the renewable generation space, with presence across the value chain. With the focus of the government on clean energy transition, specifically solar-based generation, significant growth opportunities in renewables (both organic and inorganic) are expected to arise in the future. The company plans to increase its footprint by capitalising on those opportunities through value-accretive projects. It will also evaluate opportunities for growth through upcoming models of hybrid, round-the-clock (RTC) supply and renewables with storage. Opportunities in the captive space for renewable generation are also being evaluated by the company. With significant focus on ‘Make in India’, the company is also planning to expand its solar cells and modules manufacturing capacity in the coming year to support its expansion plan as well as the renewables Engineering, Procurement and Construction (EPC) Business for DCR tenders. The company had leveraged this opportunity in last year and had doubled its solar PV manufacturing capacity to 1,100 MW of cell and modules under Tata Power Solar Systems Limited (TPSSL).
320	320
321		-Thermal and Hydro Generation
322	322
	323	+== Thermal and Hydro Generation ==
	324	+
323	323	In line with its intent of achieving carbon neutrality before 2050, the company plans to limit its exposure to coal-based projects and does not intend to expand its existing portfolio. The company does not have any greenfield or brownfield expansion plans in the near term but would continue to maintain the existing thermal and hydro operations in a sustainable manner. The company will, however, be evaluating inorganic opportunities that might come up in hydro power generation assets. It is also looking at opportunities in Industrial Energy Limited (IEL) waste heat recovery (WHR) based portfolio through its Joint Venture (JV) with Tata Steel Limited.
324	324
325		-Transmission
326	326
	328	+== Transmission ==
	329	+
327	327	The company is significantly focusing on augmenting and upgrading transmission infrastructure in its Mumbai operations. In addition, it will also look for suitable opportunities including acquiring a few stressed assets through M&A. While expanding its footprint, the company will also look at models for keeping the expansions debt light.
328	328
329		-Distribution
330	330
	333	+== Distribution ==
	334	+
331	331	With a view to improve the financial health of the distribution sector in India, the government is actively looking at adopting the PPP route for state-run distribution utilities. The last fiscal year saw a significant progress towards this intent, with bids for many utilities of states and UTs under the PPP model. The company foresees a considerable number of opportunities in this space in the near future. During the last year, the company acquired 4 new distribution entities in Odisha state (CESU, WESCO, SOUTHCO and NESCO). With this, the company now distributes electricity in the entire state of Odisha. It will continue to pursue similar opportunities through the PPP route in other states and UTs to fortify its leadership position in this space. Moreover, it will continue to explore services business opportunities in both domestic and international markets.
332	332
333		-Consumer Businesses
334	334
	338	+== Consumer Businesses ==
	339	+
335	335	The company has major plans to scale up Consumer businesses such as rooftop solar, EV charging, solar pumps, microgrids, energy efficiency solutions and home automation.
336	336
337	337	It has collaborated with Original Equipment Manufacturers (OEMs) to roll out EV charging infrastructure and aims to expand its presence further in many cities pf India. The company has also developed a robust software platform for customers of EV charging and has released a mobilebased application (Tata Power EZCharge) towards the same effect. This would enable the company to offer value-added services to its customers. With the increase in EV adoption, the company plans to cover the segments of home, workplace and captive charging (including e-Bus charging) through different models and approaches. It is also actively evaluating opportunities in the electric 3-wheeler and 2-wheeler charging market.
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343	343	The company has identified eight business-wide Strategic Business Objectives (SBO) for a focused approach towards capitalising on the opportunities. You may refer to page number 21 of the Integrated Report for a detailed explanation of these SBOs along with goals and action plans to achieve these objectives.
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345	345
346		-Financial Highlights
	351	+= Financial Highlights =
347	347
348	348
349	349	The Operating Revenue was at Rs 33,079 crore in FY21 compared to Rs 28,948 crore in FY20 on a consolidated basis. This is mainly due to acquisition of three Odisha Distribution Companies (Discoms) and execution of major solar Engineering, Procurement and Construction (EPC) projects during the year. Operating Profit was at Rs 7,605 crore which is marginally lower by 3% compared to previous year mainly due to favourable tariff order in Maithon Power Limited (MPL) in previous year, lower PLF from wind farms offset by lower losses in Coastal Gujarat Power Limited (CGPL) on account of lower coal prices and higher profit from Prayagraj acquisition. Finance costs decreased from Rs 4,494 crore to Rs 4,010 crore mainly due to repayment of loans from sale of non-core assets, issue of preferential capital and lower rate of interest. The profits from Joint Ventures (JV) and Associates were lower mainly due to lower profits from Indonesian coal mines due to lower coal prices.
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351	351	The Consolidated Profit after tax in FY21 was at Rs 1,439 crore compared to Rs 1,316 crore in FY20 mainly due to lower losses in CGPL on account of lower coal prices, higher profit from Prayagraj acquisition and lower finance cost.
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353	353
354		-Tata Power Q1FY22 results
	359	+== Tata Power Q1FY22 results ==
355	355
356		-2021-08-06; Tata Power, India's largest integrated power company, today announced its results for the quarter ended 30th June, 2021.
	361	+2021-08-06; Tata Power, India's largest integrated power company, today announced its results for the quarter ended 30th June, 2021.{{footnote}}https://www.equitybulls.com/admin/news2006/news_det.asp?id=295521{{/footnote}}
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358		-[[https:~~/~~/www.equitybulls.com/admin/news2006/news_det.asp?id=295521>>url:https://www.equitybulls.com/admin/news2006/news_det.asp?id=295521]]
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	364	+Q1FY22 Consolidated PAT before Exceptional Items stood at ₹466 crore, up 74% from ₹268 crore in Q1FY-21, driven by consistent performance by all businesses, reduction in finance cost and higher execution of EPC projects
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361		-- Q1FY22 Consolidated PAT before Exceptional Items stood at ₹466 crore, up 74% from ₹268 crore in Q1FY-21, driven by consistent performance by all businesses, reduction in finance cost and higher execution of EPC projects
	366	+Q1FY22 Consolidated EBITDA stood at ₹ 2,365 crore, up 16% from ₹2,037 crore in Q1FY21 including Renewable EBITDA of ₹ 643 crore up 9% as compared to ₹ 588 crore in Q1FY21 mainly due to higher wind & solar power generation , all round better performances in Solar EPC, rooftop, solar pumps business and favorable tariff order for CGPL
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363	363
364		-- Q1FY22 Consolidated EBITDA stood at ₹ 2,365 crore, up 16% from ₹2,037 crore in Q1FY21 including Renewable EBITDA of ₹ 643 crore up 9% as compared to ₹ 588 crore in Q1FY21 mainly due to higher wind & solar power generation , all round better performances in Solar EPC, rooftop, solar pumps business and favorable tariff order for CGPL
	369	+=== Performance Highlights: ===
365	365
366	366
367		-PERFORMANCE HIGHLIGHTS:
	372	+**Consolidated**
368	368
369		-
370		-CONSOLIDATED
371		-
372		-
373	373	For the Quarter ended June 30th, 2021:
374	374
	376	+Tata Power's consolidated Q1 FY22 Revenue stood at ₹ 9,831 crore up 47 % as compared to ₹ 6,671 crore in Q1 FY21 mainly due to acquisition of Odisha Discoms and higher sales/execution in its solar EPC businesses
375	375
376		-- Tata Power's consolidated Q1 FY22 Revenue stood at ₹ 9,831 crore up 47 % as compared to ₹ 6,671 crore in Q1 FY21 mainly due to acquisition of Odisha Discoms and higher sales/execution in its solar EPC businesses
	378	+Q1 FY22 Consolidated PAT after exceptional items was up 74% at ₹ 466 crore compared to ₹ 268 crore in Q1 FY21 mainly due to higher wind & solar power generation, all round better performances in Solar EPC, rooftop, solar pumps business and favorable tariff order for CGPL.
377	377
378	378
379		-- Q1 FY22 Consolidated PAT after exceptional items was up 74% at ₹ 466 crore compared to ₹ 268 crore in Q1 FY21 mainly due to higher wind & solar power generation, all round better performances in Solar EPC, rooftop, solar pumps business and favorable tariff order for CGPL.
	381	+Standalone
380	380
	383	+For the quarter ended Q1 FY22, Standalone Revenue* stood at ₹ 1,788 crore up 22% against ₹ 1,469 crore in the Q1 FY21 due to higher generation
381	381
382		-STANDALONE
	385	+EBITDA stood at ₹ 937 crore up 44% against ₹ 649 crore in Q1 FY21 mainly due to higher dividend income from its subsidiaries
383	383
	387	+PAT after exceptional items stood at ₹ 198 crore up 340 % as compared to ₹ 45 crore in Q1 FY21 due to higher dividend income offset by MAT credit reversal due to change in tax regime
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385		-- For the quarter ended Q1 FY22, Standalone Revenue* stood at ₹ 1,788 crore up 22% against ₹ 1,469 crore in the Q1 FY21 due to higher generation
386	386
387		-
388		-- EBITDA stood at ₹ 937 crore up 44% against ₹ 649 crore in Q1 FY21 mainly due to higher dividend income from its subsidiaries
389		-
390		-
391		-- PAT after exceptional items stood at ₹ 198 crore up 340 % as compared to ₹ 45 crore in Q1 FY21 due to higher dividend income offset by MAT credit reversal due to change in tax regime
392		-
393		-
394	394	Commenting on the Company's performance, Dr. Praveer Sinha, CEO & Managing Director, Tata Power said, "All its existing generation, distribution and transmission business units have reported a robust performance despite the challenges presented by the ongoing pandemic. This can be attributed to the excellent performance of all its businesses and capacity additions.
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412	412	Despite the downside risks posed by COVID, the company remain optimistic and will continue to build a resilient tomorrow and advance its sustainability goals."
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414	414
415		-Recent developments
	411	+= Recent developments =
416	416
417	417
418		-Tata Power Renewable Energy commissions 100 MW solar project in Gujarat
	414	+**Tata Power Renewable Energy commissions 100 MW solar project in Gujarat **{{footnote}}https://economictimes.indiatimes.com/industry/renewables/tata-power-renewable-energy-commissions-100-mw-solar-project-in-gujarat/articleshow/85296824.cms{{/footnote}}
419	419
420		-[[https:~~/~~/economictimes.indiatimes.com/industry/renewables/tata-power-renewable-energy-commissions-100-mw-solar-project-in-gujarat/articleshow/85296824.cms>>url:https://economictimes.indiatimes.com/industry/renewables/tata-power-renewable-energy-commissions-100-mw-solar-project-in-gujarat/articleshow/85296824.cms]]
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422		-
423	423	Aug 13, 2021; ata Power Renewable Energy Ltd has commissioned a 100 MW solar project at Raghanesda Solar Park, Gujarat. The installation will reduce 2,00,000 tonnes of carbon emission every year. Raghanesda Solar Park, located in the Banaskantha district of Gujarat, is one of the biggest solar parks in the country, a statement said.
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438	438	Despite various challenges faced on account of COVID-19 by the industry, TPREL through Tata Power's EPC arm Tata Power Solar Systems Limited has completed the project within the timelines due to its excellent project execution experience and capabilities.
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441		-References
	435	+= References =
442	442
443	443	{{putFootnotes/}}