“The distribution business has done well. It continues to serve more than 12 million customers, making your company the largest private power distribution utility in the country. Odisha discoms, where all the four distribution companies have reported substantial reduction in AT&C losses, delivered PAT of around Rs.253 crore. The AT&C losses across four discoms have been brought down by nearly 10 per cent. Tata Power will continue to invest across the four discoms in Odisha with the objective of further reducing the AT&C losses.”
This view was extracted from the Chairman Speech delivered by Natarajan Chandrasekaran at Tata Power’s 104th Annual General Meeting (AGM), on June 19, 2023