Tata Power, India's largest integrated power company, today announced that the Company's consolidated underlying EBITDA during Q2FY18 is up by 16% due to strong operating performance of all its businesses. In line with the trend that the company has demonstrated over the past quarters, the growth in its underlying EBITDA reflects the company's increasing operating profitability and healthy cash flow. Additionally, the company also reported a strong all-round performance in H1 FY18 posting an underlying business EBITDA that's up by 25% when compared with H1 FY17.
In its quest to deliver stakeholder value, the Company has spread its footprint worldwide, setting new benchmarks for operational efficiencies, investing in global resources and redefining paradigms – thereby positioning itself not only as India's largest integrated power company, but also as India's largest green energy player. In the year gone by, the Company added 1,463 MW of renewable capacity, thereby surpassing the 2,000 MW operating capacity mark with another about 500 MW currently under construction.
Commenting on the company's rising underlying EBITDA, Mr. Anil Sardana, MD & CEO, Tata Power, said, "Over the last few years, we at Tata Power have been focusing our efforts towards improving our operational performance and internal processes to strengthen our financial performance, while reducing our operating costs. To this effect we have introduced various technologically forward solutions to impact our end-to-end business and power generating processes. All our conventional and non-conventional power plants across the nation operate at benchmark operational parameters and are making a significant contribution in ensuring the energy security of the country. Our growing underlying EBITDA is a testament to this focused approach in reducing cost and increasing operational efficiencies across the board."
Tata Power leaves no stone unturned when it comes to ensuring that the operational efficiency of all its power plants is maximized. The company has introduced a novel technique of reducing the effect of temperature on its solar modules by planting aloe vera plants below its solar modules. Such simple yet effective measures have helped the company maximize its operational efficiency thereby helping it register strong underlying EBITDA figures quarter after quarter.
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