Tata Power-DDL

Official page of TATA Power - DDL: A Joint Venture between TATA Power and the Government of NCT of Delhi.

General Information
Company Name
Tata Power-DDL
Founded Year
2002
Location (Offices)
New Delhi, India +1
Founders / Decision Makers
Number of Employees
1844
Industries
-
Funding Stage
Debt Financing
Social Media

Tata Power-DDL - Company Profile

Tata Power-DDL is a joint venture between Tata Power and the Government of NCT of Delhi with a key focus on distributing electricity to the populace of 7 million across an area of 510 sq km in North and North West Delhi. Notably, the company has achieved a significant reduction in the Aggregate Technical & Commercial (AT&C) losses from 53% to a remarkable 8.48%. The company's projects encompass Smart Metering, Home Automation, Smart Grid, Electric Charging Stations, and Solar Rooftop Net Metering, reflecting a commitment to innovation and sustainability. Tata Power-DDL has garnered acclaim at both national and international levels, receiving the National Award for Meritorious Performance thrice by the Ministry of Power, Govt. of India. The company has also played a pivotal role in contributing to the ease of obtaining electricity connection in India, resulting in a notable improvement in the country's global ranking. The impact of Tata Power-DDL's initiatives extends to the community, with more than 1 million people benefiting from the organization's Social Innovation Initiative SAATHI. The recent investment round of $2.00M by Goldman Sachs and Bloomberg Philanthropies is a testament to the company's continued growth and success in driving positive change. With its trailblazing efforts in the power sector and commitment to social empowerment, Tata Power-DDL remains a significant player in India's energy landscape, poised for further expansion and impact.

Taxonomy: electricity distribution, power sector, joint venture, reducing AT&C losses, smart metering, smart grid project, solar rooftop net metering, electric charging stations, process simplification, ease of getting electricity connection, social innovation initiative, community empowerment, technical consultancy, government partnership, international projects

Funding Rounds & Investors of Tata Power-DDL (2)

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Funding Stage Amount No. Investors Investors Date
Grant $2.00M 2 Bloomberg Philanthropies 11 Apr 2023
Debt Financing INR1.50B 1 Asian Development Bank 11 Apr 2023

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