Half Year 2021 Tata Power Company Ltd Earnings Call Transcript
Good evening, everyone, and welcome to the earnings call of Tata Power for Quarter 2 FY '21. With me on the call is my colleague, CFO, Ramesh Subramanyam; Financial Controller, Anand Agarwal and the Chief of Investor Relations; Mr. Soundararajan Kasturi.
Quarter 2 has been an eventful quarter for Tata Power with a robust operational performance across all businesses and significant deleveraging through a number of measures that we had laid out in our long-term strategy. Despite COVID-19, the company has achieved very good progress in this quarter. We have seen a sharp recovery in demand with sales in our distribution circles picking up almost 35% compared to quarter 1, though it's a little below than the previous year.
Collections in the distribution business has improved, though it was severely impacted in the quarter 1. And we expect that it will become much better going forward. Our overdues from state discoms have also come down in the last 2 quarters. All our thermal assets have run on higher availability. CGPL
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