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Investor Presentaiton

TATA POWER Building capability for the future TATA • Steady businesses generating Rs 10,000 crores (~USD 1.5 Billion) operational cash flow every year. Our refinancing capabilities have helped to achieve sustenance of debt service providing more time for resolution of CGPL under-recovery. Current cash flows can sustain maintenance capex and approx. 500 MW of annual growth. The high Cash RoE from renewable business can fund further capacity additions Parallel efforts in divestment of non-core investments & proceeds from Arutmin to assist in bringing debt down to levels of Rs 40,000 crores (~USD 6 Billion). Regulatory changes in Delhi to assist in realization of Regulatory Assets over next 3 years. Funds to be used for growth and/or reduction of debt. Resurgent Venture to allow capacity addition at lower equity outlay and provide avenues for high margin plant optimization and operational services. Focus on value added services and micro grid solutions to address bigger issues Robust platform to become a market leader in Renewables 500 MW of minimum annual growth in base case 21
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