In the relentless pursuit of competitiveness and profitability, businesses are constantly seeking novel strategies to gain an edge. Backward integration is one approach that has emerged as a potent tool. By seizing control of the supply chain, companies can add value, reduce costs, and insulate themselves from future uncertainties.
When it comes to power supply, escalating electricity prices and the spectre of load shedding loom large, making backward integration a game-changer. India is newly an energy-positive nation but not yet immune to supply disruptions. In such a scenario, Tata Power is making owning one's solar power source easy and accessible which opens up brand new vistas for the growing businesses in the country. Not only does owning your power generation make for more robust business contingency planning, but it also significantly impacts the business bottom line by fixing costs for one of the most significant inputs.