Tata Power, India's largest integrated power company selects Tata Communications to launch its IoT based, asset-tracking, automation solution in Mumbai.

Tata Power worked on a state-of-the-art IoT solution to create process efficiency in monitoring and harnessing insights from the data collected from an internal Geographical Information System (GIS). This solution also allows for various features like asset trace log on a periodic basis and Geo Fence breach alerts.  It also allows for information to be converted into actionable insights in real-time which in turn will help drive operational efficiencies.

Speaking on the side-lines of this launch, Ashok Sethi, COO & ED, Tata Power said, ''We, at Tata Power, have always ensured that we are the lead adopters of technology. The asset tracking solution would enable Tata Power to improve its operational efficiency through tracking real time movement of assets''.

VS Shridhar, Sr. Vice President & Head, Internet of Things, Tata Communications, said, ''The Internet of Things is changing the way we look at everyday life. Access agnostic and interoperable devices, machine to machine communication and an intelligent set of appliances is changing the world order as we know it and we are pleased to be able to lead this from the front. Tata Communications has already lit the network for IoT across 38 cities in India and we plan to touch over 400 million customers in the first phase itself.  It’s been an honour to work with Tata Power, shoulder-to-shoulder, in lighting up the Asset-tracking solution and adding momentum to this revolution in India.''

Shares of the company gained Rs 0.55, or 0.69%, to trade at  Rs 80.45.  The total volume of shares traded  was  59,722 at the BSE (10.05 a.m., Monday).