Tata Power to Invest Rs 20,000 Crore in FY25 to Boost Renewable Energy and Distribution: N Chandrasekaran

Tata Power plans to invest Rs 20,000 crore this financial year to further the company’s renewable energy portfolio and transmission and distribution businesses, said Natarajan Chandrasekaran, Chairman of Tata Group. He was addressing shareholders at the company’s 105th annual general meeting, held virtually.

Investment Plans

“Tata Power plans to invest Rs 20,000 crore capex in FY25. This is over and above the Rs 12,000 crore invested in FY24. A large part of this will be towards accelerating the Company’s renewable energy portfolio, and balance towards transmission and distribution businesses,” Chandrasekaran said. He added that the company will also explore participation in small modular nuclear reactors, once the government gives necessary permissions, apart from new distribution expansion opportunities in other states.

Green Energy Shift

Chandrasekaran highlighted that Tata Power is well-positioned to lead India’s green energy shift, with a focus on providing round-the-clock renewable energy, especially to commercial and industrial consumers. The company is also aggressively looking at growth in rooftop solar, aiming for increased market share on the back of the PM Surya Ghar Yojana.

On the distribution business front, the company is targeting 50 million consumers through distribution business expansion, up from the present 12.5 million consumers. It is also aiming for a 15 GW clean energy portfolio in five years, from the existing 9 GW, both from existing and ongoing projects.

Based on its performance, the Company’s Board of Directors recommended a dividend of Rs. 2 per equity share of Re. 1. The company’s stock ended at Rs 436.90 on Tuesday, down 0.52% on the BSE.