ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Standard Industries, RPG Cables

Tata Power

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Tata Power Co (TPCL) along with Andhra Valley Power Supply Co and Tata HydroElectric Power Supply Co formed the Tata Electric Companies (TECs) and till recently operated mainly in Mumbai. Last year the latter two companies were merged with TPCL to form a stronger corporate body. Chairman R N Tata observes in the 81st annual report of the company: “The merger will result in a much stronger balancesheet, greater leverage for Tata Electric to participate in large projects and from the investors’ view point it will also improve liquidity”. Further, TPCL has also extended its scope of operations beyond Maharashtra. TPCL has completed and commissioned refurbishment of 3×24 MW hydro units at Bhivpuri, delivered the plant and equipment for 80 MW unit at Belgaum as per the schedule, got necessary approvals from Karnataka government for participating (with 30 per cent stake) in the 1,000 MW Mangalore power project along with China Light and Power International and others. Thus the company’s operations have extended to Bihar, MP and Karnataka.

In a strategic move, TPCL has accelerated its direct marketing initiatives by setting up consumer substations at different load centres in north Mumbai. The company has a longterm strategic interest in the liquid natural gas. It has spearheaded the Tata group’s thrust into telecom infrastructure and plans to synergise its activities with those of other companies of the group to exploit the potential of communications and information systems business. It has chalked out a capital expenditure programme of Rs 935 crore for 200102 to transform itself from a pure power company and enter communications.

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