Mumbai, 03 March, 2020: Tata Power, India’s largest integrated power utility has emerged as one of India’s Most Respected Companies, according to the Annual survey for 2020 by Business World, one of India’s widely read business magazines. The company has been ranked 14th among all the companies surveyed across various sectors for the 2020 edition of BW Business world’s Most Respected Companies study by TechSci Research. The Company is also featured as number 1 in energy sector and number 3 in Infrastructure, power and heavy engineering.
Mr Praveer Sinha, CEO and Managing Director, Tata Power, said, “Tata Power’s journey as a leader in India’s energy sector has been truly transformational in nation building. What started as a hydropower company more than century ago is today one of India’s leading energy companies, a feat achieved by constantly reinventing itself to serve the needs of its customers and staying relevant to all stakeholders. Tata Power is also fast emerging as leader in the renewable energy sector covering the entire spectrum of application including rooftop solar solutions & solar microgrids and a growing national network of charging stations for electric vehicles.”
The study by TechSci Research mapped how employees and self – employed individuals in India perceive organisations. The exercise measured perception of 80+ companies across parameters such as effective growth plans, financial return, innovative products & services, trustworthy leadership, technological innovation, corporate social responsibility, women-friendly policies and work culture.
Tata Power is poised to become an energy solutions company, moving away from the narrow definition of a power developer or distributor. Tata Power today offers the rooftop soalr services in 70 cities. By 2020 end the service will be available in 100 cities. The plan for rural India is to set up microgrids with micro enterprises, initially in 200 villages and ultimately in 10,000 villages. The Company hopes to expand its distribution presence from 3 cities to 10-12 & have already won distribution circles of orissa doubling its consumer base to 50 lakhs consumers. Tata Power is also teaming up with Tata Motors & other automakers to build charging stations for electric vehicles and hopes to grow the business from nine cities and 100 charging points currently to several folds.