The largest integrated power company in India, Tata Power Company Limited, acknowledged a cyberattack on it on Friday. According to a filing with India’s National Stock Exchange (NSE), “certain of its IT systems” were impacted by the intrusion on IT infrastructure.
Tata Power Company Limited reported that a cyberattack had damaged its IT infrastructure and disrupted its operations on Friday. According to a BSE report by the Mumbai-based company, Tata Power Company Limited, it experienced a cyber-attack on its IT infrastructure that negatively affected certain of its IT systems. The Company stated that actions had been taken to recover and restore the systems.
Tata Power withheld any additional information regarding the situation. A PR official declined to provide any information about the nature of the attack, its effects on the company, and whether any data was stolen. The delegate reported that all essential operational systems remain operational. Still, as an extra precaution, restricted access and preventive measures have been implemented for portals and touchpoints that employees and customers use.
The Tata Group includes the Indian electric utility firm Tata Power Company Limited, which is headquartered in Mumbai, Maharashtra. The company’s primary business is the production, transmission, and distribution of electricity. It is India’s largest integrated power corporation with a 10,577 MW installed capacity for electricity generation. In the 2017 Responsible Business Rankings created by IIM Udaipur, Tata Power came in third place. Tata Power was the first Indian company to export more than 1 GW of solar modules in February 2017.
Tata Hydroelectric Power Supply Company was founded back in 1910 by Sir Dorabji Tata, an Indian businessman from the British Raj. In 1916, it merged with the Andhra Valley Power Supply Company to form the Tata Power Company Limited. [15] In 1915, it put India’s second 72 MW hydroelectric facility into service. In 1919 and 1922, respectively, Bhivpuri (75 MW) and Bhira (300 MW), the second and third power plants were set up.
The provisions for regular inspection in the Electricity Amendment Bill, according to Union Power Minister Raj Kumar Singh, and prompt action will soon make India’s power network more future-proof and resistant to cyberattacks.
Singh reported that there had been cyberattack on the national power grid earlier this year, before Tata Power. Attacks in December, January, and February were probing attacks. They were unsuccessful. But they are aware of these attacks, the union minister said in his statement.
The corporation creates, transmits, and sells electricity in the country of South Asia. It aspires to increase the proportion of clean energy in its portfolio from around a third to 60% in five years and to achieve net zero by 2045. It claims to have the highest installed and managed energy-producing capacity in the nation, with 13,974 MW.
The expansion of Tata Power’s business through rooftop solar, microgrids, storage options, solar pumps, EV charging infrastructure, and home automation has recently caught their attention. The company provides service to over 12 million consumers through its distribution firms.
A top member of the Maharashtra Police’s cyber unit claimed to have received information concerning a threat against Tata Power and other electrical providers. The official stated that all affected businesses have been informed and that a firewall audit and inspection are in progress.
The attacks were ascribed to Threat Activity Group 38, an emerging threat cluster that Recorded Future is monitoring (TAG-38). The business determined that the targeting is a prelude to future activities or is meant to enable information collecting linked to critical infrastructure assets.
By claiming that many of the U.S. allies or nations with which it cooperates on cybersecurity are also victims of U.S. cyberattacks, China denied the accusations that it was engaged.
Tata Power Company Limited shares were last traded at Rs. 215.90 on the BSE, down from the previous close of Rs. 216.10. A total of 392853 shares were moved throughout the day in approximately 5244 deals. The stock’s intraday high and low were 220.60 and 215.60 respectively. The day’s net revenue was Rs. 85791907.00.
