Electric Utilities company Tata Power Company announced Q2FY25 results Financial Highlights: Achieves an EBITDA of Rs 3808 crore in Q2FY25; up 23%YoY. Clocks highest ever half-yearly consolidated revenue of Rs 32,057 crore (up 5 % YoY), EBITDA of Rs 7,158 crore (up 17 % YoY), and PAT of Rs 2,721 crore (up 41 % YoY). A strong and well-diversified order book of Rs 15,900 crore in solar EPC business. Surpasses 15 GW installed generation capacity including conventional & green. Clean and green portfolio crosses ~12.9 GW (6.4 GW operational, 6.5 GW under construction). Transmission portfolio now stands at 7,049 Ckm, including 4,633 Ckm commissioned and 2,416 Ckm under construction. Clocks 20th consecutive quarter of PAT growth. Incurs capex of ~ Rs 5,200 crore in Q2FY25 to tap growth opportunities; H1FY25 capex stands at Rs 9,100 crore against full-year plan of ~Rs 20,000 crore. Tata Power Achieves Highest Ever Quarterly PAT of Rs 1,533 crore in Q2FY25; up 51% YoY. Other Highlights: Strategic bid wins in Transmission valued at ~ Rs 7,100 crore adding 1,607 Ckm for four large bids in the last 10 months. Transmission portfolio now stands at 7,049 Ckm; 4,633 Ckm in operation; 2,416 Ckm under construction. Tata Power received LoI from REC Power Development & Consultancy to acquire ERESXXXIX Power Transmission, Gopalpur, Odisha under tariff-based competitive bidding (TBCB). This is the fourth large Transmission bid won by the company after Paradeep Transmission, Bikaner-III Neemrana-II Transmission, and Jalpura Khurja Power Transmission in the last 10 months, comprising 1,607 Ckm of transmission lines in total. Tata Power Trading Company partnered with Singapore-based Keppel to launch sustainable Cooling-as-a-Service (CaaS) solutions in India. This arrangement will focus on high-demand environments such as Airports, IT parks, SEZs, Data Centres, and other Industrial and Commercial properties. During the quarter, NCLT approved the composite Schemes of Arrangement for the merger of Walwhan Renewable Energy Limited (including its 19 subsidiaries) and TP Wind Power Limited with an appointed date of 1st April 2022; and the merger of Tata Power Solar Systems Limited and Chirasthaayee Saurya Limited with an appointed date of 1st April 2023; with the Tata Power Renewable Energy Limited. TPREL won its largest order in Maharashtra with MSEDCL awarding the company 501MW (400MW PPA) Hybrid project. TPREL partnered with ICICI Bank to provide easy financing to residential and commercial customers. The Company has also partnered with IndusInd Bank to facilitate accessible and affordable solar financing for Micro and Small Enterprises (MSEs). TPREL signed an MoU with Tata Motors to establish 200 fast charging stations for electric commercial vehicles TP Renewable Microgrid partnered with the National Dairy Development Board to solarize the village level milk cooperative value chain. 14.5 lakh smart meters installed across Tata Power discoms in Delhi, Mumbai and Odisha. During the quarter, TPDDL received a favourable regulatory order leading to an increase in approved regulatory assets from Rs 1,763 crore to Rs 5,788 crore TPDDL and Nissin Electric signed a pact to commence a project to provide electricity from India’s first micro substation. TPDDL became the first Indian power distribution utility to win the prestigious 2024 Deming Prize for its Total Quality Management (TQM) practices. Praveer Sinha, CEO and Managing Director, Tata Power, said: “Our Generation, Transmission & Distribution, and Renewable businesses continue to witness sustained growth momentum as India sees record power demand and investment in the new Age of Electricity. All our business segments have performed remarkably well during the quarter leading to 20th consecutive quarterly PAT growth. Aligned with the ‘Make in India’ vision, our 4.3 GW cell-and-module plant in Tamil Nadu is going strength-to-strength with the commissioning of a 2 GW cell production line during the quarter. The cell plant will achieve its full capacity by next month. The 4.3 GW module plant is already fully operational establishing us as a leader in solar manufacturing. We have made significant strides in the transmission business with major wins in both Inter-State and Intra-State projects, showcasing our strong project execution capabilities in upgrading grid infra. These projects will help evacuate clean energy from remote renewable sites, to support widescale renewable energy availability. We are mainstreaming the wide-scale adoption of solar rooftops in residential, commercial and industrial segments through our pan-India presence. We are also powering e-mobility in 590 cities, covering private, public, semi-public, and fleet charging. We are well on track in terms of our planned Capex for the financial year, with Rs 9,100 crore spent during H1 out of Rs 20,000 crore. Our investments in transmission, renewables, and hydro projects are designed to strengthen India’s energy resilience and security.” Result PDF