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Our Value Creation Model

Financial Capital

Healthy balance sheet, steady returns and constant growth
  • ₹ 27,362 crore Shareholders’ Equity
  • ₹ 5,660 crore* in Cash and Cash Equivalents
  • ₹ 43,962 crore in Net Debt

*Includes unencumbered bank balances, FDs, liquid mutual funds and short-term deposits (less than 3-month maturity)

Manufactured Capital

Production capacities, project development and plant efficiencies
  • 10,875 MW Total Generation Capacity as of FY 2025
  • 32.4 BUs Net Generation

Intellectual Capital

New technologies and innovative practices
  • ₹ 42.13 crore allocated to process improvements

Human Capital

Improved productivity, occupational health & safety and better skillsets
  • 3,129 Employees
  • 89,687 Manhours of training
  • 29 average training hours

Social Capital

Continually engaging with stakeholders, maintaining strong ethics
  • ₹ 33.95 crore spent on CSR activities

Natural Capital

Conserving natural resources and increasing generation of renewable energy
  • 100% Fly Ash Utilisation
  • 34.4 million m3 Total water consumption

Renewables

Generating electricity from renewable energy, such as Hydro and Solar

36%Contribution to Net Generation

1. Transitioning to Renewables

As we transition towards green energy, our aim is to create and deliver value to the shareholders, customers, employees and the society, and target future growth.

2. Inclusive approach

Interest of all our stakeholders is the centrepiece of the business decisions that we take.

3. Energy partner

We continue to support India as an ‘Energy Partner’, rather than being a mere ‘Energy Supplier’, given our strong PPAs and supply-side linkages.

4. Technologically agile

We adapt to constantly changing technology curve by inculcating the global best practices within the Company.

5. Regulatory environment

By consciously aligning ourselves well with regulations, we are on target to achieve our business goals and attain investment objectives.

6. Becoming Net Zero

We fully support India in meeting its Net Zero targets in view of global warming and climatic change while also keeping in mind energy security.

7. Operational excellence

To achieve operational excellence and to gain best returns on our existing assets, we continue to optimise our operations and performance.

8. Financial discipline

Our balance sheet and cash flows from existing assets provides us enough headroom to achieve our growth target, which also steers us towards sustainable value creation for all our stakeholders.

9. Corporate social responsibility

We continue our pledge of taking the nation forward by supporting the social communities we operate within and by creating a net positive society.

Thermal

Generating electricity from energy sources, such as Coal

64%Contribution to Net Generation

Client Solutions

Developing and creating state-of-the-art solutions directed towards better customer service and initiatives supporting zero-carbon transformation.

Read more about our Sustainable Business Initiatives

Networks

We have a wide presence across the value chain – in power generation (thermal, hydro and solar), power transmission, and power trading.

Internal Environment

  • Employee Health & Safety
  • Result Oriented
  • Service Excellence
  • Derisking Supply Chain
  • Commitment to Society & Environment
  • Integrity, Transparency & Business Ethics
  • People Development
  • Economic Environment
  • Movements in Industry
  • Regulations
  • Environment Policies
  • Technological Developments
  • Evolving Business Models
  • Human & Labour Rights

Sustainable

With our well-planned business activities and growth plans, we are steering our way towards growing effectively and sustainably.
  • 30.61 MUs Energy Savings
  • 34,859 Trees planted
  • 21,87,903 MT Non-hazardous waste utilised

Competitively Ahead

By furthering our key business strategies and working fervently on our strategic enablers and priorities, we continue to command a leadership position in the energy market in India.
  • ₹ 12,639 crore in Total Revenues
  • 48% EBITDA margin
  • 23% Proforma Cash Profit to Adjusted Equity

Future Oriented

We continue to tread on the path of always shaping a better and brighter future for the company.
  • ₹ 42.13 crore Invested in digital interventions
  • 10.9 GW Under-construction renewable projects

Bringing People Together

We continue to train our employees in a manner that can help them enhance their productivity, besides also engaging with our stakeholders on a continuous basis.
  • ESOP scheme for employees
  • More than 3,000 Suppliers and Vendors

Community Centric

We strive to make a difference in the areas where we live and work by empowering people and building cohesive communities, endeavouring to have a positive impact on them.
  • 3,22,296 Total beneficiaries impacted
  • ₹ 7.95 crore invested in rural development
  • ₹ 6.59 crore invested in educational infrastructure