OREANDA-NEWS. November 8, 2011. Tata Power, India's largest integrated private power company, was ranked ‘54th  for overall performance in Asia' under the Platts Top 250 Global Energy Company rankings for their remarkable and consistent performance last year. The 2011 Platts ranking reflects the company’s strong financial performance that is based on a combination of assets, revenues, profits and return on invested capital. The 2011 ranking was announced in Singapore and was attended by representatives from top energy companies from Asia.

Platts also analyses energy companies by nine industry classifications and three global regions. Tata Power was further ranked ‘12th in electric utilities in Asia’ and ‘53rd in electric utilities globally’.

The ranking further reaffirms Tata Power’s focused business growth roadmap of achieving a generation target of 25,000 MW by 2017, which is backed by the steady progress of executing greenfield power projects such as Mundra (4,000 MW) in Gujarat and Maithon (1,050 MW) in Jharkhand. Among the Asian contenders, many Indian energy companies such as RIL, ONGC, HPCL, BPCL, GAIL, PGCIL, NTPC, Coal India, etc also feature in the list.

Speaking on the occasion, Anil Sardana, managing director, Tata Power, said, “The Platts ranking recognises the achievements made by Tata Power and simultaneously gives us the impetus to strive for better performance in the year ahead.”  

The Platts 2011 ranking is recognition of the 2010 financial performance of publicly held energy companies based on a combination of assets, revenues, profits and return on invested capital. All companies on the list have assets greater than USD 2 billion. The financial information comes from a database compiled and maintained by Capital IQ, a Standard and Poor’s business, which, like Platts, is a division of The Mc-Graw Hill companies. The ranking further highlights the continued leadership of the major oil and gas companies, the rapid advance of the BRIC (Brazil, Russia, India, China) companies and the resurgence of the global power sector.