Let’s Know About TPSODL: TPSODL Company Profile, Founding Team, Business Model, Products and Many More

Introduction

The most integrated power company in India, Tata Power is expanding its global reach. The Company is present in all of the power industry’s divisions, including fuel security and logistics, generation (thermal, hydro, solar, and wind), transmission, distribution, and trading, together with its subsidiaries and jointly managed businesses.

Among them is the Power Grid Corporation of India, which ships energy to Delhi from Bhutan’s Tara hydroelectric power project. Partnership between Powerlinks Transmission Ltd. and Maithon Power Ltd. to plan a 1,050 MW mega power plant in Jharkhand; cooperation between Tata Power Delhi Distribution Ltd. and Delhi Vidyut Board for the distribution of energy in north Delhi. Presently, almost 10 million Indian consumers are served by Tata Power’s transmission services (Mumbai, Delhi, Ajmer, North Odisha, Central Odisha, Western Odisha and South Odisha).

TPSODL – Company Highlights

TPSODL – About

A joint venture between Tata Power and the Government of Odisha, TATA Power Southern Odisha Distribution Limited (TPSODL) is primarily owned by Tata Power Company (51 per cent). With a customer base of 23.69 lac and a large distribution area of 48,751 sq km, TPSODL provides services to 94.38 lac people. Tata Power has been a benchmark performer in Delhi and has extensive expertise in distributing energy in Mumbai, Delhi, and Ajmer. The main priorities of TP Southern Odisha Distribution Limited include cutting down on current AT&C losses, improving customer services, and supplying dependable electricity. All of this will be accomplished by implementing new technologies, modernising the current distribution infrastructure, and offering our clients a range of digital services.

TPSODL – Industry

The main priorities at TP Southern Odisha Distribution Limited include delivering dependable power, improving customer service, and methodically lowering the current AT&C losses. To keep in touch with our consumers, TPSODL is continually modernising the power distribution infrastructure that is currently in place, implementing new technologies, and expanding the number of available digital services. TPSODL is dedicated to providing excellent customer service at every touchpoint, from call centres and consumer care centres to efficient digital communication and the implementation of customer-centric procedures.

TPSODL – Founder and Team

It was established by TATA and went into force on June 1st, 2023. In charge of TP Southern Odisha Distribution Limited is Mr Amit Garg, the CEO.

TPSODL – Startup Story

With a licenced territory of over 48751 square kilometres, TPSODL has both geographic and economic variety among its population, spanning from industries to clients below the poverty line. The company serves around 2.32 million registered customers, with a peak load of 650 MW.

Less than 10% of the clients are commercial, industrial, government/public utilities, and the majority are households. Even though there aren’t many EHT and HT customers, they account for the largest portion of TPSODL’s yearly income.

The 48751 square kilometre operational area of TPSODL encompasses 8 revenue districts in the state of Odisha, namely Ganjam, Gajapati, Kandhamal, Boudh, Koraput, Rayagada, Nabrangpur, and Malkangiri. The licencing area is divided into six circles for efficient operations, and each circle is further subdivided into fifty-one subdivisions, ninety-six sections, and nineteen divisions. The majority of the commercial and O&M operations are overseen by sections and subdivisions, which serve as client contact points.

TPSODL – Mission and Vision

The mission is divided into 5 parts called “SMILE” –

• S- Strengthen the Safety Culture to achieve ‘Zero’ harm.
• M- Motivate and Nurture Talent to create an agile workforce.
• Implement Innovative solutions to build a technology-driven organization.
• L- Leverage Power Distribution Expertise for business transformation.
• E- Enhance Customer Experience through reliable power and quality service.

The vision is “Sustainable Value Creation for all stakeholders”.

TPSODL values lie in “SCALE” that is Safety, Care, Agility, Learning, and Ethics.

• S- Safety is a core value over which no business objective can have a higher priority.
• C- Care for Stakeholders, our Environment, Customers and Shareholders – both existing and potential, our Community and our People (our employees and partners).
• Agility Speed, Responsiveness, and being Proactive, achieved through Collaboration and Empowering Employees.
• L- Learning, building future-ready skill sets through learning and training. Maximise usage of e-learning platforms.
• E- Ethics Achieve the most admired standards of Ethics, through Integrity and Mutual Trust.

TPSODL – Name, Tagline, and Logo

To create a more environmentally friendly future, TPSODL promotes the use of solar energy and firmly believes in sustainable power distribution.

“Go Solar – Get a Solar” is the slogan.

TPSODL – Business Model

Based on the Public-Private Partnership (PPP) concept, TP Southern Odisha Distribution Limited (TPSODL) was established as a joint venture between The Tata Power Company (51 per cent) and the Odisha government (49 per cent). After the competitive bidding process was successfully concluded, TPSODL—which had previously been served by Southco Utility—was granted the licence to distribute electricity in the southern region of Odisha, which includes the districts of Ganjam, Gajapati, Boudh, Kandhamal, Rayagada, Koraput, Nabarangapur, and Malkanagiri.

The authorised quantity for FY 2023–2024, the recent Tariff Order, the current sales pattern, and anticipated growth in the upcoming years have all been taken into account while creating the Business Plan for this time. Additionally, TPSODL has scheduled its capital expenditures for the four years that this petition is being reviewed, per the Vesting Order’s requirements. Additionally, estimates of other expenses have been calculated using the Tariff Regulations as a foundation.

Furthermore, TPSODL requested specific O&M expenditures for FY 2023–2024 in its ARR appeal. The Hon’ble Commission had not, however, authorised the whole amount of spending. To get clearance for a higher amount of O&M expenditure for FY 2023–2024 and to support that request, TPSODL has made a representation to the Honorable Commission. In addition, it has optimised the estimate of O&M expenditure for FY 2023–24 based on actual spending for FY 2022–2023 and requested clearance for a sum less than what it had in its ARR petition. This smaller quantity has been taken into consideration for projection purposes in this petition.

TPSODL – Revenue Model

The sales results for the FY 2019–20, FY 2020–21, and anticipated performance for the current year, FY 2021–22, are displayed below:

Considering the actual performance until September 2021 and even though a sizable portion of customers are enrolled in the SAUBHAGAYA programme. For FY 2021–2022, TPSODL projects a distribution loss of 25.00 percent. The projected amount sold of energy in FY 2022–2023 is 3127.707. ARR on distribution losses is proposed by TPSODL for FY 2022–2023; it is projected to be 25% for FY 2021–2022 and 25% for FY 2022–2023.

TPSODL – Products and Services

The core business activities of TPSODL are –

• Management and maintenance of the distribution system.
• The network of distribution is being expanded.
• Provision of electricity and post-purchase services.
• Linking new clients to the distribution system.
• Billing, revenue collection, and metre reading.
• Resolving customer complaints.
• Electricity is restored following outages.
• Providing general customer service, including service information.
• Raising consumer awareness of energy loss, energy efficiency, and safety.

TPSODL – Funding and Investors

TPSODL has investors such as GRIDCO and Tata Power.

TPSODL – Employees

Customers in three-phase ECL categories spread among 19 TPSODL Divisions. Over a thousand people work in these 19 divisions.

TPSODL – Challenges Faced

There are no details of it.

TPSODL – Acquisitions

For consideration of Rs 127.5 cr and Rs 255 cr, respectively, Tata Power has purchased a 51 per cent equity holding in TP Southern Odisha Distribution Limited (TPSODL) and TP Western Odisha Distribution Limited (TPWODL). With managerial control, 51 per cent of the stock is held by Tata Power, while the remaining 49 per cent of the equity in TPSODL and TPWODL will be held by GRIDCO Limited (GRIDCO).

TPSODL – Growth

It has effective public-private partnerships in India for generation, transmission, and distribution. These are called “Maithon Power Ltd.” is included. Collaborated with Damodar Valley Corporation to develop a 1,050 MW mega power project in Jharkhand; “Tata Power Delhi Distribution Limited” in partnership with Delhi Vidyut Board for electricity distribution in North Delhi; and “Powerlinks Transmission Ltd.” It is in collaboration with the Power Grid Corporation of India to transport electricity from the Tala hydroelectric power plant in Bhutan to Delhi. Tata Power currently provides transmission services to over 9.5 million customers in India (Mumbai, Delhi, Ajmer, Central Odisha, Western Odisha, Northern Odisha and Southern Odisha).

TPSODL – Partners

To guarantee customer convenience and digital adoption, TPSODL has already partnered with several payment gateways, including PhonePe, Amazon Pay, Google Pay, Bharat Money, Jio Money, Paytm, Freecharge, Airtel Money, MobiKwik, PayU, Tata Neu, and several other platforms like OCAC, EBIX Cash, Public Sector Banks, and BHIM.

TPSODL – Competitors

Other Odisha-based electricity distribution firms including CESU, NESCO, and SOUTHCO compete with TPSODL. Although each has advantages and disadvantages of its own, overall, their service offerings are similar to TPSODL.

TPSODL – Awards and Achievements

The state-level Electrical Safety Award 2021 winner in the “Utility” category was declared to be TPSODL. At a virtual inauguration ceremony held in conjunction with the 2nd National Electrical Safety Week of 2021, Hon. Minister of Energy, Industries, Micro, Small & Medium Enterprises, Odisha Capt. Dibya Shankar Mishra announced the award.

TPSODL – Future Plan

With its ambitious future goals, TPSODL hopes to revolutionise the state of power distribution in Odisha and beyond. Improved billing accuracy, bi-directional connectivity, and real-time energy monitoring will all be made possible by the network’s deployment of smart metres. investigating the creation of microgrids in rural regions as a dependable and sustainable energy source.

Conclusion

It has provided dependable, environmentally friendly power to nearly 23 lakh lives since 2023. Driven by innovations like smart grids and “Go Solar” campaigns, TPSODL places a high priority on sustainability, customer service, and safety. Its dedication to the “SMILE” and “SCALE” ideals is laying the groundwork for a better future in which reasonably priced, easily available power drives Odisha’s development and inspires people across boundaries.

FAQs

What does TPSODL do?

One of Odisha’s top power distribution companies is TPSODL. TPSODL is dedicated to providing its customers with an improved customer experience and ensuring dependable electricity distribution throughout Odisha.

When was TPSODL founded?

In 2023, it was established.

Who is the founder of TPSODL Corporation?

It was created by the TATA group.

Who is the CEO of TPSODL Corporation?

The President and CEO of TP Southern Odisha Distribution Limited is Mr. Amit Garg.

Who are the main competitors of TPSODL?

The three main rivals are SOUTHCO, NESCO, and CESU.