Tata Power Company Limited has informed the Exchange about Investor Presentation

BSE Limited Corporate Relationship Department 1st Floor, New Trading Ring, Rotunda Bldg., P. J. Towers, Dalal Street, Fort, Mumbai 400 001. Scrip Code: 500400

Dear Sirs,

3rd February 2023 BJ/SH-L2/

National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051. Symbol: TATAPOWER

Presentation to Analysts

We forward herewith a presentation that will be made to the Analysts today in connection with the Audited Standalone Financial Results and Unaudited Consolidated Financial Results of the Company for the quarter and nine months ended 31st December 2022.

Yours faithfully, For The Tata Power Company Limited

Company Secretary

Encl: As above

The Tata Power Company Limited Financial Results – Q3 FY23

3rd February, 2023

DISCLAIMER

This document does not constitute or form part of and should not be construed as a prospectus, offering circular or offering memorandum or an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company or any of its subsidiaries or affiliates in any jurisdiction or as an inducement to enter into investment activity. No part of this document, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. This document is not financial, legal, tax or other product advice.

This presentation should not be considered as a recommendation to any investor to subscribe for, or purchase, any securities of the Company and should not be used as a basis for any investment decision. This document has been prepared by the Company based on information available to them for selected recipients for information purposes only and does not constitute a recommendation regarding any securities of the Company. The information contained herein has not been independently verified. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. None of the Company or any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with the document. Furthermore, no person is authorized to give any information or make any representation, which is not contained in, or is inconsistent with, this presentation. Any such extraneous or inconsistent information or representation, if given or made, should not be relied upon as having been authorized by or on behalf of the Company.

The Company may alter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify any person of such revision or changes. This document is given solely for your information and for your use and may not be retained by you nor may this document, or any portion thereof, be shared, copied, reproduced or redistributed to any other person in any manner. The distribution of this presentation in certain jurisdictions may be restricted by law. Accordingly, any person in possession of this presentation should inform themselves about and observe any such restrictions. By accessing this presentation you acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the Company.

The statements contained in this document speak only as at the date as of which they are made, and the Company expressly disclaims any obligation or undertaking to supplement, amend or disseminate any updates or revisions to any statements contained herein to reflect any change in events, conditions or circumstances on which any such statements are based. By preparing this presentation, none of the Company, its management, and their respective advisers undertakes any obligation to provide the recipient with access to any additional information or to update this presentation or any additional information or to correct any inaccuracies in any such information which may become apparent.

This document has not been and will not be reviewed or approved by a regulatory authority in India or by any stock exchange in India. This document and its contents should not be forwarded, delivered or transmitted in any manner to any person other than its intended recipient and should not be reproduced in any manner whatsoever.

This presentation is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration, or an exemption from registration, under the U.S. Securities Act of 1933, as amended. Any public offering in the United States may be made only by means of an offering circular that may be obtained from the Company and that will contain detailed information about the Company and management, as well as financial statements.

This presentation contains forward-looking statements based on the currently held beliefs and assumptions of the management of the Company, which are expressed in good faith and, in their opinion, reasonable. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance, or achievements of the Company or industry results, to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements. Actual results may differ materially from these forward-looking statements due to a number of factors, including future changes or developments in the Company’s business, its competitive environment, information, technology and political, economic, legal and social conditions in India. Given these risks, uncertainties and other factors, recipients of this document are cautioned not to place undue reliance on these forward- looking statements. In addition to statements which are forward looking by reason of context, the words ‘anticipates’, ‘believes’, ‘estimates’, ‘may’, ‘expects’, ‘plans’, ‘intends’, ‘predicts’, or ‘continue’ and similar expressions identify forward looking statements.

2

MANIFESTING A GREENER TOMORROW

Water Neutral Before 2030

Net Zero Carbon Before 2045

Zero Waste to Landfill Before 2030

3

Q3 FY23 BUSINESS HIGHLIGHTS

4

Q3 FY23 HIGHLIGHTS

 TPREL receives ‘Letter of Awards’ for:

 255 MW Hybrid Project for TPDDL in Karnataka, with a green shoe option of additional 255MW  150 MW Solar Project for MSEDCL in Maharashtra

 Tata Power & Tata Motors signs PPA for a 7 MW captive solar power project at its Pantnagar plant in Uttarakhand.  TP Renewable Microgrid Limited has partnered with Small Industries Development Bank of India to set up and upscale

1,000 Green Rural Enterprises.

 TPSSL launches cost efficient off-grid solutions in West Bihar, Bengal and Jharkhand, to provide an efficient integrated

power system to consumers for their power backup requirements in times of grid supply shortages

 IEL commissions 67.5 MW Waste Heat Recovery (WHRS) plant for Tata Steel Kalinganagar

 Tata Power & Indian Army collaborated to install 17 fast charging EV points at 6 locations at the Delhi Cantonment.  Tata Power installs EV chargers at The Tigress Resort, Ranthambore, Rajasthan

 Jan 3, 2023, CERC passed order to compensate adverse financial impact for power supplied under MoP directions for

Mundra Power plant

 Tata Power has won Gold Shield award from ICAI Award for Excellence in Financial Reporting for 2021-22  Tata Power has emerged as the top ranking power utility in the country by scoring 67 points in S&P Rating, with 85

percentile

5

SOLAR UTILITY SCALE EPC UPDATE

WELL DIVERSIFIED UTILITY SCALE ORDER BOOK

TPSSL- LARGE EPC ORDER BOOK (IN ₹ CRORE)

BUSINESS UPDATES

 MNRE has granted time extensions due to supply chain disruptions.

 A planned rescheduling of large scale projects have resulted in lower capacities being commissioned.

 Capacities amounting to ~67 MW commissioned in Q3 FY23.

 Activities picked up at all 4 phases for SJVN 1 GW project commissioned.

6

CustomerAC Cap (MW)Tata Power Group1,475 NTPC770 NHDC88 SECI140 SJVN1,100 NHPC340 Total Capacity as on 31st Dec, 20223,914 Order Book as on 31st Dec, 2022 (₹ Crore)15,440 15,26115,440763584Order book at theend of Q2 FY 23Orders received inQ3Q3 RevenueOrder book at theend of Q3 FY 23TATA POWER – EZ CHARGE

OPERATIONAL HIGHLIGHTS EV CHARGING PLATFORM STATISTICS

BUSINESS HIGHLIGHTS

 Highest ever Installation & Energization in a quarter with highest ever fleet sign-ups

 First ever fleet hub of Eastern Region in Kolkata signed & delivered in Q3

 1st time in the country - Deployment of EV Chargers in defense locations in Delhi

 Permissions received from State Bank of India, to deploy chargers across branches.

7

89k+19k+109k+ Registered Users 251k+249k+500k+ Charging Sessions: 2.5MU+3MU+Units Consumed (in kwh)2,180900Public and Captive Chargers (Energised)Cumulative till Sep 2023 Q3 FY 2347518Cities and towns covered23,8346,603E4W Home Chargers13619 million minutes of Charging Session1722Cumulative E-mobility Supported (in million km)SOLAR BUSINESS - QUARTER HIGHLIGHTS

ROOFTOP SOLAR

SOLAR PUMP

• Achieved ~41 % revenue

growth over Q3 FY22

• Order book at Q3 end stands at

Rs. 1,300+ crore

• Channel network crosses 450+

across 275+ districts

• 3 new tie-ups and 4 new schemes launched in Q3, additional focus on residential and MSME of

micro-inverter partnership with

in

• Launch product Enphase

Orders of 102 MW won in Q3

27%

73%

Others

Comm & Industrial:

• Achieved ~138% growth over

Q3 FY22

• Key orders won in States of Jharkhand, Maharashtra and UP

8

378535577Q3 FY22Q3 FY23Q2 FY23Revenue (in ₹Crore)86205111Q3 FY22Q3 FY23Q2 FY23Revenue (in ₹Crore)~15,400~12,000Pump Installations YTD H1FY23Addition in Q3ODISHA DISCOMS- QUARTER HIGHLIGHTS

TPCODL

On track to achieve AT&C loss of 12-15% by FY 2025

TPSODL

Achieved highest ever consumer coverage of 65%.

TPWODL

Achieved 105% collection efficiency in Q3 FY23.

TPNODL

Achieved 103.5% collection efficiency in Q3 FY23.

Reducing AT&C losses => Promising Growth

Q3 FY23-Strong Operational Performance across all DISCOMS

Category

TPCODL

TPSODL

TPWODL TPNODL

Theft load – MW

Sub-stations automated (till date) – Nos

Pre takeover arrears collected - YTD ₹ Cr

88

174

38

50

193

43

54

125

37

AT&C Losses of Q3 FY23

20%

27%

14%

73

84

183

15%

9

27%32%23%23%31%47%34%34%TPCODLTPSODLTPWODLTPNODLAT&C LossesYTD FY23YTD FY 22Q3 FY23 FINANCIAL HIGHLIGHTS

10

Q3 FY23 FINANCIAL HIGHLIGHTS

₹ Crore

Strong all round operational performance across the businesses; PAT up by 91% YoY

*Reported EBITDA includes other income

11

Q2 FY23Q3 FY23Q3 FY22Q2 FY23Q3 FY23Q3 FY22Q2 FY23Q3 FY23Q3 FY222,0432,8181,8413,2623,8162,4999351,05255238%53%17%53%13%91%Q2 FY23Q3 FY23Q3 FY22Q2 FY23Q3 FY23Q3 FY22Q2 FY23Q3 FY23Q3 FY227367625849,3638,4706,96339,48638,13139,5364%31%Renewables EBITDAReceivablesNet External DebtReported EBITDA*Underlying EBITDA (Including Share of JVs & Associates)PAT (before exceptional items)COMFORTABLE DEBT POSITION FOR SUSTAINABLE GROWTH

BALANCE SHEET CONTINUES TO STRENGHTHEN

NET DEBT (IN ₹ CRORE) DECLINES FURTHER IN Q3FY23

DEBT PROFILE

Net Debt to Equity

Net Debt to Underlying EBITDA (on rolling 12 month basis)

Average Borrowing Cost

1.23 v 1.58 in Q3 FY22

3.04 v 4.12 in Q3 FY22

7.2% v 6.44% in Q3 FY22

12

39,486 38,131 39,536 Q2FY23Q3FY23Q3FY22Net Debt (₹Crore)INSTALLED GENERATION CAPACITY AS ON 31ST DEC 22

GENERATION PORTFOLIO ~ 37% CLEAN & GREEN

WHRS = Waste Heat Recovery System BFG= Blast Furnace Gas

13

HydroWaste Heat Recovery / BFGWindSolarCaptive497 174 323 323 Merchant246 246 126 120 PPA/ Fixed Tariff (Bid/ Others)4,645 4,338 307 307 PPA/ Fixed Tariff (Renewables)3,918 3,918 932 2,986 Regulated tariff 2,775 2,328 447 447 Tolling/Fixed Tariff40 40 - Total Capacity w/o Platform12,121 6,880 5,241 880 443 932 2,986 Thermal under Platform - PPA based1,980 1,980 - - - - - Total Capacity incl Platform14,101 8,860 5,241 880 443 932 2,986 Business ModelMWThermalClean & Green TotalClean and Green Break-upT&D PORTFOLIO AND RENEWABLE PIPELINE AS ON 31ST DEC 22

CURRENT T&D PORTFOLIO

LARGE SOLAR PROJECT DEVELOPMENT PIPELINE

Transmission

Business Model

Mumbai Transmission

Powerlinks (JV)

Regulated

Regulated

Total

CKM

1,224

2,328

3,552

Distribution

Business Model

Mumbai

TPDDL

TPCODL

TPSODL

TPWODL

TPNODL

TPADL

Total

Dist License

Dist License

Dist License

Dist License

Dist License

Dist License

Dist Franchisee

Consumers in Million

0.8

1.9

2.8

2.4

2.3

2.1

0.2

12.4

14

CustomerStateCapacity (MW)KSEBRJ110Tata SteelJH15GUVNLGJ35RUMSLMP330MAHAGENCOMH250MSEDCL - HybridMH300SECI - HybridKN600Viraj ProfilesMH100Parag DairyMH9MSEDCL SolarMH150TPDDLKN255 Total 2,154 Q3 FY23 OPERATIONAL HIGHLIGHTS

15

93 92 99 99 99 92 81 98 98 100 91 40 100 98 100 Thermal(excl.Mundra)MundraMO - HydroWindSolarGeneration -Availability77 38 53 28 20 75 37 34 10 21 74 31 40 12 19 Thermal(excl.Mundra)MundraMO -HydroWindSolarPlant Load or Capacity Utilization factor100 100 100 100 100 100 MO -TransmissionPowerlinksTransmission -Availability8.7 5.7 (0.1)8.4 7.4 0.5 8.9 7.2 0.5 TPADLTPDDLMO -DistributionAT&C Losses -DistributionFINANCIAL RESULTS

16

CONSOLIDATED PERFORMANCE – Q3 FY23

₹ Crore unless stated

17

Particulars Q3 FY23 Q3 FY22 Q3 FY23 Q3 FY22 Q3 FY23 Q3 FY22 Consolidated before exceptional items 14,339 11,015 2,818 1,841 1,052 552 Standalone & Key SubsidiariesTata Power (Standalone) 5,496 3,151 2,841 482 1,504 (407)MPL (Maithon Power)* 809 671 213 140 103 32 TPDDL (Delhi Discom)** 2,236 2,191 329 320 107 108 TPTCL (Power Trading) 720 627 31 20 21 14 Tata Power Solar manufacturing (TPSSL) 1,430 1,562 96 165 49 80 TPREL Standalone (Renewable Power) 333 263 306 211 (29) (22)WREL (Renewable Power) 269 260 302 230 136 76 Coal SPVs (Investment Companies) 0 0 1 (6) (234) (62)TERPL (Shipping Co) 184 95 53 32 23 3 TP Central Odisha Dist Ltd (CESU)** 1,058 1,038 35 93 (32) 34 TP Southern Odisha Dist Ltd (SOUTHCO)** 503 402 33 18 (3) 7 TP Western Odisha Dist Ltd (WESCO)** 1,686 1,199 47 89 27 44 TP Northern Odisha Dist Ltd (NESCO)** 849 679 97 88 43 40 TPIPL (Overseas Investment Co) - - (3) 5 (30) (8)Others 271 202 104 39 (10) (11)TOTAL - A 15,843 12,341 4,483 1,927 1,678 (71)Joint Venture and Associates - - - - 998 658 TOTAL - B 15,843 12,341 4,483 1,927 2,676 587 Eliminations# (1,504) (1,326) (1,665) (86) (1,623) (35)Exceptional Items - - - TOTAL - C 14,339 11,015 2,818 1,841 1,052 552 Op Income EBITDA^^ PAT Previous year numbers are restated*TPCL stake-74%; **TPCL stake-51%; # Eliminations include inter-company transactions; ^^ including other incomeCONSOLIDATED PERFORMANCE – YTD FY23

₹ Crore unless stated

18

Particulars YTD FY23 YTD FY22 YTD FY23 YTD FY22 YTD FY23 YTD FY22 Consolidated before exceptional items 43,278 30,491 6,968 5,938 2,871 1,523 Standalone & Key SubsidiariesTata Power (Standalone) 15,654 8,028 5,795 2,426 2,588 (556)MPL (Maithon Power)* 2,373 2,148 592 530 265 208 TPDDL (Delhi Discom)** 8,324 6,690 1,001 978 341 326 TPTCL (Power Trading) 2,158 1,728 10 63 3 43 Tata Power Solar (Solar Mfg) 3,918 5,026 223 356 56 133 TPREL Standalone (Renewable Power) 1,206 930 1,024 764 42 47 WREL (Renewable Power) 925 886 919 827 398 286 Coal SPVs (Investment Companies) 0 0 (1) (31) (461) (153)TERPL (Shipping Co) 489 346 103 315 21 227 TP Central Odisha Dist Ltd (CESU)** 3,578 3,004 168 158 (21) 21 TP Southern Odisha Dist Ltd (SOUTHCO)** 1,571 1,261 113 109 24 38 TP Western Odisha Dist Ltd (WESCO)** 4,682 3,218 153 125 50 26 TP Northern Odisha Dist Ltd (NESCO)** 2,452 1,960 185 156 54 43 TPIPL (Overseas Investment Co) - - 12 30 (60) (14)Others 872 689 289 166 (16) 22 TOTAL - A 48,201 35,913 10,587 6,970 3,285 698 Joint Venture and Associates - - - - 3,020 1,647 TOTAL - B 48,201 35,913 10,587 6,970 6,305 2,344 Eliminations# (4,923) (5,422) (3,619) (1,031) (3,435) (821)Exceptional Items - - - - - - TOTAL - C 43,278 30,491 6,968 5,938 2,871 1,523 *TPCL stake-74%; **TPCL stake-51%; # Eliminations include inter-company transactions; ^^ including other income Op Income EBITDA^^ PAT Previous year numbers are restatedSHARE OF JV & ASSOCIATES

₹ Crore unless stated

19

Particulars % Share Q3 FY23 Q3 FY22 Q3 FY23 Q3 FY22 Q3 FY23 Q3 FY22 YTD FY23 YTD FY22 YTD FY23 YTD FY22 YTD FY23 YTD FY22 Coal Companies (KPC, BSSR, AGM)30% / 26% 5,193 3,473 1,119 1,366 955 623 15,470 9,113 4,191 3,132 3,047 1,423 Coal Infra. (NTP)30% 57 71 54 72 29 47 138 206 106 206 40 131 Powerlinks Trans Ltd51% 17 20 16 19 11 13 49 51 45 48 30 34 Industrial Energy Ltd (IEL)74% 62 55 37 39 11 24 193 162 128 113 73 70 Resurgent Power26% 337 262 100 76 24 28 934 785 247 248 66 93 Tata Projects48% 1,951 1,539 88 (12) (17) (80) 5,701 4,505 (34) 93 (233) (130)Others JVs 19 22 (4) 28 (15) 3 64 73 34 66 (3) 25 Total 7,634 5,443 1,410 1,588 998 658 22,550 14,895 4,717 3,905 3,020 1,647 Op Income EBITDA PAT Op Income EBITDA PAT UNDERLYING CONSOLIDATED EBITDA

₹ Crore unless stated

20

Particulars Q3 FY23 Q3 FY22 Qtr Var YTD FY23 YTD FY22 YTD Var Reported EBITDA 2,8181,8419776,9685,9381,030Add: PAT of JV Companies9986583403,0201,6471,373KPC & BSSR9556233323,0471,4231,624Coal Infra2947(18)40131(92)Powerlinks 1113(2)3034(4)IEL1124(13)73703Tata Projects(17)(80)62(233)(130)(103)Resurgent2428(4)6693(27)Others(15)2(17)(3)25(28)Adjusted Business EBITDA3,8162,4991,3179,9887,5852,403Less: Depreciation 853758(95)2,5132,276(236)Less: Finance Cost1,098953(146)3,1762,844(332)PBT as per line item no.7 in Adv1,8647881,0764,2992,4641,835TATA POWER (CONSOLIDATED) FINANCIAL PERFORMANCE

₹ Crore unless stated

21

Particulars Q3 FY23 Q3 FY22 Qtr Var YTD FY23 YTD FY22 YTD Var Quarter Variance RemarksOperating Income14,33911,0153,32443,27830,49112,787Higher availability in Mundra, higher sales across distribution companies and capacity addition in Renewables.Operating Expenses11,7949,279(2,515)36,87725,213(11,664)Operating Profit2,5451,7368096,4015,2781,123Other Income273106167566661(94)EBITDA2,8181,8419766,9685,9381,029Favourable tariff order in Mundra and capacity addition in RE.Interest cost1,098953(146)3,1762,844(332)Depreciation853758(95)2,5132,276(236)PBT before share of Assoc & JVs8661307361,279818461Share of Associates & JV's results9986583403,0201,6471,373Higher profit from coal companies.PBT after share of JV1,8647881,0764,2992,4641,834Tax Expenses812237(575)1,428941(487)Net Profit for the period1,0525525002,8711,5231,348Exceptional item (net of tax)000000Net Profit for the period *1,0525525002,8711,5231,348* As per line item 13 in the SEBI AdvtTATA POWER (STANDALONE) FINANCIAL PERFORMANCE

₹ Crore unless stated

PY has been restated with the merger of CGPL and Af-taab in TPCL standalone.

22

Particulars Q3 FY23 Q3 FY22 Qtr Var YTD FY23 YTD FY22 YTD Var Quarter Variance RemarksOperating Income5,4963,1512,34515,6548,0287,626Order impact in Mundra and higher prices in DISCOMsOperating Expenses4,3852,747(1,638)13,4626,693(6,770)Higher generation and increase in fuel price in Mundra.Operating Profit1,1114047072,1921,335856Other Income1,730791,6523,6031,0912,512Higher dividend incomeEBITDA2,8414822,3595,7952,4263,368Interest cost539553141,6571,6614Depreciation289286(3)866847(19)PBT2,013(357)2,3703,271(82)3,353Tax Expenses50950(459)684475(209)Utilization of deferred tax asset created earlier.PAT (before exceptional items)1,504(407)1,9112,588(556)3,144Exceptional item0005381,519(981)PAT for the period1,504(407)1,9113,1269622,164MAITHON POWER LIMITED – HIGHLIGHTS

₹ Crore unless stated

23

Particulars Q3 FY23 Q3 FY22 Qtr Var YTD FY23 YTD FY22 YTD Var Quarter Variance RemarksGeneration (MUs)2,0631,8632006,0935,946147Sales (MUs)2,0291,7562736,0185,702316Availability (%) (Plant)98%98%0%97%98%-2%PLF % 89%80%9%88%86%2%FinancialsOperating Income8096711382,3732,148225Increase in generation and fuel costs.Fuel Costs522464(58)1,5591,410(149)Increase in generation and fuel costs.Other Operating expenses8075(5)243223(20)Operating profit2071327457151556Other Income67(1)21156EBITDA 2131397359253062Interest cost32352981057Depreciation6868(1)205204(1)PBT112377529022169Tax95(4)2413(11)PAT103327126520857PRAYAGRAJ POWER GENERATION CO LTD. - HIGHLIGHTS

₹ Crore unless stated

24

Particulars Q3 FY23 Q3 FY22 Qtr Var YTD FY23 YTD FY22 YTD Var Quarter Variance RemarksGeneration (MUs)3,2562,9862709,6329,005627Sales (MU)3,0692,8122579,0778,480597Availability (%)86%87%0%82%84%-2%PLF % 74%68%6%74%69%5%FinancialsOperating Income1,1449881563,3622,957405Higher PPA and merchant sales.Operating expenses928722(206)2,6932,197(496)Higher generation and fuel costs.Operating profit216266(50)670760(90)Other Income553124179207(28)Higher late payment surcharge cessEBITDA 271297(26)849967(118)Interest cost17217645285346Depreciation4945(4)147135(12)PBT5076(26)174298(124)Taxes000000PAT5076(26)174298(124)TATA POWER DELHI DISTRIBUTION LTD - HIGHLIGHTS

₹ Crore unless stated

25

Particulars Q3 FY23 Q3 FY22 Qtr Var YTD FY23 YTD FY22 YTD Var Purchase (Mus)2,1162,081358,5627,3891,173Sales (Mus)1,9871,936518,0186,8961,122Revenue Per Unit11.110.10.910.28.71.5PPC Per Unit8.06.5-1.537.86.2-1.60AT&C losses (%)7.4%5.7%-1.7%7.4%5.7%-1.7%FinancialsOperating Income2,1361,9891477,5376,1071,430 Power Purchase 1,6111,4781335,9274,5721,355 Other Operating Exp.225220568162952Operating Exp.1,8361,698(138)6,6085,201(1,407)Operating Profit300291992990623Other Income2929(0)72711EBITDA32832081,00197823Interest cost7270(2)21822810Depreciation9493(1)282278(4)PBT162157550147229Tax5549(6)160146(14)PAT107108(1)34132615Q3 FY23 ODISHA DISCOMS – HIGHLIGHTS

₹ Crore unless stated

26

ParticularsTPCODLTPSODLTPWODLTPNODLPurchase (MUs)2,153 978 3,487 1,533 Sales (MUs)1,620 746 2,875 1,342 Revenue per unit6.23 6.75 5.74 5.92 Power Cost per unit3.24 2.52 3.97 3.46 Actual Technical losses (%)24%24%19%17%Actual AT&C losses (%) 27%32%23%23%Vesting order Target AT&C losses (%)24%26%20%19%Income from Operation1,058 503 1,686 849 EBITDA35 33 47 97 PAT(32) (3) 27 43 TATA POWER RENEWABLE ENERGY CONSO (EXCL WREL) – HIGHLIGHTS

₹ Crore unless stated

27

Particulars Q3 FY23 Q3 FY22 Qtr Var YTD FY23 YTD FY22 YTD Var Quarter Variance RemarksCapacity - Total (MW)2,8511,8899622,8511,889962Capacity - Wind (MW)78278207827820Capacity - Solar (MW)2,0701,1079622,0701,107962Generation (MUs) 1,2237324914,0362,6241,412Sales (MUs)1,2077174903,9712,5721,400Avg PLF (%) - Solar23%21%023%23%0Avg PLF (%) - Wind11%12%(0)22%22%(0)FinancialsOperating Income4232851381,4541,057397Capacity addition.Operating expenses11269(43)328242(86)Capacity addition.Operating profit311216941,126815311Other income689591194079Interest income on surplus fundsEBITDA3792251541,245855390Interest cost270133(136)685375(310)Capacity addition.Depreciation160131(29)489376(113)Capacity addition.PBT(51)(39)(11)71104(33)Tax(6)(8)(2)3535(0)PAT(45)(31)(13)3669(33)WALWHAN RENEWABLE ENERGY LTD - HIGHLIGHTS

₹ Crore unless stated

28

Particulars Q3 FY23 Q3 FY22 Qtr Var YTD FY23YTD FY22 YTD Var Quarter Variance RemarksCapacity - Total (MW)1,0101,01001,0101,0100Capacity - Wind (MW)14614601461460Capacity - Solar (MW)86486408648640Generation (MUs) 36636061,2381,2362Sales (MUs)36235661,2261,2242Avg PLF (%) - Solar18%17%1%18%18%0%Avg PLF (%) - Wind10%14%-4%19%21%-2%FinancialsOperating Income269260992588738Operating expenses5843(15)13193(38)Operating profit211218(7)7947940Other income9112791243292DPC* from TANGEDCOEBITDA3022307291982693Interest cost60822221426552Depreciation6859(9)2062148PBT1739083499347152Tax3713(24)10061(40)PAT1367660398286113*DPC-Delayed Payment ChargesTATA POWER SOLAR SYSTEMS LIMITED – HIGHLIGHTS

₹ Crore unless stated

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Particulars Q3 FY23 Q3 FY22 Qtr Var YTD FY23YTD FY22 YTD Var Quarter Variance RemarksOperating Income1,4301,562(132)3,9185,026(1,109)Lower excecution of EPC projects due to defermentOperating expenses1,3341,411773,6854,7411,056Operating profit96151(55)233285(53)Other income014(14)370(67)PY includes interest income on receivablesEBITDA96165(69)236355(120)Margin6.7%10.6%6.0%7.1%Interest cost1342299013343Forex gains and lower borrowingsDepreciation1615(1)4744(4)PBT67108(41)99179(80)Tax172710324614PAT4980(31)67133(66)Margin3.4%5.1%1.7%2.6%GREEN COMPANY – CONSOLIDATED VIEW

₹ Crore unless stated

Note: EBITDA includes other income

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Key Parameters - GreenCo Q3 FY23Q3 FY22Revenue1,916 1,823 EBITDA762 584 PAT144 97 Gross Debt16,603 15,009 Net Debt14,546 14,011 Net Worth12,875 6,805 REGULATED - EQUITY AND ASSETS

₹ Crore unless stated

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ParticularsQ3 FY 23Q2 FY 23Q1 FY 23Q4 FY 22Q3 FY 22Regulated EquityMumbai Operation 4,394 4,380 4,370 4,377 4,243 Jojobera 542 522 522 522 522 Tata Power Delhi Distribution (100%) 1,861 1,846 1,839 1,831 1,769 TP Central Odisha Dist Ltd (100%) 504 504 504 504 300 TP Southern Odisha Dist Ltd (100%) 248 248 248 248 200 TP Western Odisha Dist Ltd (100%) 360 360 360 360 300 TP Northern Odisha Dist Ltd (100%) 295 295 295 295 250 Maithon Power Limited (100%) 1,671 1,669 1,661 1,661 1,651 Industrial Energy Limited (100%) 718 690 690 690 716 Powerlinks Transmission (100%) 468 468 468 468 468 Total 11,061 10,982 10,957 10,956 10,419 Regulated Assets (As per financial books)Mumbai Operation 3,193 2,908 2,620 2,078 1,810 Tata Power Delhi Distribution (100%) 6,106 5,942 5,918 5,842 5,707 TP Central Odisha Dist Ltd (100%) (22) 28 82 126 31 TP Southern Odisha Dist Ltd (100%) 284 210 125 94 56 TP Western Odisha Dist Ltd (100%) (1,234) (1,043) (812) (635) (511)TP Northern Odisha Dist Ltd (100%) 20 5 4 23 (96)Maithon Power Limited (100%) (248) (253) (252) (222) (300)Total 8,099 7,796 7,686 7,306 6,696 TATA POWER- DEBT PROFILE

₹ Crore unless stated

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Q2 FY23Q3 FY22RupeeForex Total TotalTotalLong term 25,140 3,451 28,592 29,597 28,346 Short term 10,466 1,824 12,289 11,808 10,838 Current Maturity of LT 8,603 - 8,603 8,130 8,179 Total Debt 44,209 5,275 49,484 49,535 47,363 Less: Cash 9,529 8,251 6,370 Less: Debt against dividend in Coal SPVs 1,824 1,798 1,457 Net External Debt 38,131 39,486 39,536 Networth 31,063 29,881 24,996 Net Debt to Equity 1.23 1.32 1.58 ParticularsConsolidatedQ3 FY23KEY SEGMENTS-DEBT PROFILE

₹ Crore unless stated

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Q3FY23Q2FY23QoQQ3FY22YoYCoal SPVs + TPIPL 5,275 5,189 (86) 4,571 (704)TPDDL 2,614 2,721 108 2,936 323 WREL 3,712 3,760 49 3,972 261 TPREL 11,703 11,365 (338) 7,453 (4,250)Capacity addition related borrowingsTPSSL 951 1,218 267 1,579 628 Maithon 1,638 1,668 30 1,675 37 Odisha DISCOMs 2,082 1,881 (201) 1,504 (577)TATA Power 21,200 21,420 220 23,347 2,147 Others 311 312 1 325 14 Total Debt 49,484 49,535 51 47,363 (2,121)CompanyTotal Gross Debt (LT + ST)Quarterly movement RemarksThank You!

Website: www.tatapower.com

Investor Relations Team:

Mr. Soundararajan Kasturi Chief – Treasury & Investor Relations Email: kasturis@tatapower.com M: +91 82912 04022

Mr. Rajesh Lachhani Head – Investor Relations Email: rajesh.lachhani@tatapower.com M: +91 9742947821

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