As Delhi touches 52.3°C, here is one company that is benefiting the most from the rising demand for power in the region - TATA Power
TATA Power supplies electricity to over 20 Lakhs houses of Delhi, roughly implying about 70 Lakhs customers. It alone handles about 30% of the peak power load of Delhi, without any major outage. Delhi alone will help TATA Power make expected profits of over INR 500 Crores in current year. However, the road to glory and profits was not easy at all. Let me share with you why?
1.) In 2002, when the 'Delhi Vidyut Board' was privatized, TATA Power formed a 51%:49% joint venture (JV) with the Government of Delhi. At that time of takeover, the entity had only two dusty computers in a non-functional state, with all documentation being done solely on paper (offline).
2.) This was the first privatization of its kind, with 5,400 erstwhile government employees being taken over by the TATA Power-led joint venture. Imagine the outcry that would have occurred during that era, when privatization was not even discussed by most politicians.
3.) The cultural differences were so significant that when the Tatas attempted to install a biometric system at the office, the old employees interpreted it as an insult and would pour water/sand over the machine to display their resistance.
> But there was one man — '𝐏𝐫𝐚𝐯𝐞𝐞𝐫 𝐒𝐢𝐧𝐡𝐚', the former CEO & ED of the JV, who not only understood the challenges but also tackled them head-on, transforming the loss-making entity into a cash machine for its parent, TATA Power. Later, in 2018, he was promoted to become the CEO of the parent company, TATA Power. Thanks to leaders like him, Delhi today enjoys uninterrupted power supply, while neighboring cities like Gurugram and Noida suffer from long outages.
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(Not a Recommendation) #delhi #power #tata
Senior Manager at Carrier HVAC
1moCongratulations sir !