The class X, XI and XII students were selected from 46 schools of north and northwest Delhi for the scholarships in the form of reference books, stationery items and school bags.
At an event, Tata Power Delhi Distribution Ltd CEO and MD Praveer Sinha said that the scholarships were part of the company's "Affirmative Action Program".
"Under it, we focus on four critical areas - education, employment, employability and entrepreneurship with education being the most critical," he said.
"A total outlay of Rs 43.83 lakh has been earmarked in this respect for the year 2015," the company said.