Tata Power to Invest ₹20,000 Crore Capex in FY25

Focus on Renewable Energy, Small Modular Nuclear Reactors, and Discom Expansion

Tata Power, one of India’s leading integrated power companies, announced a capex investment of ₹20,000 crore for FY25 at its 105th Annual General Meeting (AGM).

MUMBAI – Tata Power, one of India’s leading integrated power companies, held its 105th Annual General Meeting (AGM) of shareholders for the Financial Year 2023-24.

Chairman Natarajan Chandrasekaran highlighted the company’s robust financial and operational performance, emphasizing its commitment to consistent growth, financial prudence, and project execution excellence.

“Tata Power plans to invest ₹20,000 crore capex in FY25, in addition to the ₹12,000 crore invested in FY24,” said Mr. Chandrasekaran.

“A large part of this will accelerate the company’s renewable energy portfolio, with the balance towards transmission and distribution businesses. The company will also explore Small Modular Nuclear Reactors, pending government permissions, and new distribution expansion opportunities in line with government policies,” he added.

Key highlights include Tata Power’s leadership in India’s energy transition, focusing on providing round-the-clock renewable energy to commercial and industrial consumers.

The company aims to expand its rooftop solar market share under the PM Surya Ghar Yojana and target 50 million consumers through distribution business expansion, up from the current 12.5 million consumers.

Consolidated revenue grew by 10% to ₹61,542 crore, and PAT increased by 12% to ₹4,280 crore.

Tata Power maintained a net debt to equity ratio of less than 1 despite funding its growth plans.

The company aims to achieve a 15 GW clean energy portfolio in five years, up from the existing 9 GW, and has set up a new 4.3 GW solar cell and module manufacturing plant in Tamil Nadu.

Tata Power leads in EV charging with 5,500 public and captive chargers in over 530 cities and 86,000+ home chargers installed.

Under the ‘Ghar Ghar Solar’ initiative, Tata Power has executed over 2 GW of rooftop projects and has an order book of ₹2,800 crore.

The Board of Directors recommended a dividend of ₹2 per equity share of ₹1.