Q1 2023 Tata Power Company Ltd Earnings Call Transcript
Ladies and gentlemen, good day, and welcome to the Tata Power Q1 FY '23 Earnings Conference Call.
(Operator Instructions)
Please note that this conference is being recorded.
I now hand the conference over to Dr. Praveer Sinha, CEO and MD from Tata Power. Thank you, and over to you, sir.
Thanks, Ryan. Good evening to everyone, and thanks for joining the call, and I hope all of you are doing fine and taking care of yourself. I'm joined today in the call by my colleague Sanjeev Churiwala, CFO; Mr. Jinendra Patil, Financial Controller; Soundararajan Kasturi from the Investor Relations and a few other members from our finance team.
We are meeting you after a quarter that has seen significant development in many ways for the energy industry and as also for Tata Power. We have seen in last few months, unprecedented rise in coal prices accompanied with demand, which has led to short-term power prices going up. At the same time, initiatives like green open
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