‘Tata Power to invest Rs 20,000 crore capex in FY25’

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

Chairman Mr. Natarajan Chandrasekaran, in his speech to shareholders, said that the Company’s robust financial and operational performance is a sign of its commitment towards consistent growth, financial prudence and project execution excellence.  

“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. 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, as and when these opportunities arise in line with Government policies” said Mr. N Chandrasekaran, Chairman, Tata Power

Key Highlights:

• Energy Transition Leadership: Well positioned to lead India’s green energy shift with focus on providing round the clock renewable energy especially to Commercial and Industrial consumers

• Rooftop Solar Expansion: Aggressive growth in rooftop solar, aiming for increased market share on back of PM Surya Ghar Yojana 
• Consumer Focus: Targeting 50 million consumers through distribution business expansion, from the present 12.5 million consumers