- To explore Small Modular Nuclear Reactors and Discoms expansion opportunities
- Growing focus on consumer businesses in the emerging clean energy space.
Chairman Natarajan Chandrasekaran shared this announcement during the company's 105th Annual General Meeting (AGM). The capex will be directed toward accelerating Tata Power's renewable energy portfolio, as well as investments in transmission and distribution businesses.
Additionally, the company aims for aggressive growth in rooftop solar projects and seeks to increase its market share through the Union government's PM Surya Ghar Yojana. With a current clean energy portfolio of 9 GW, Tata Power aims to achieve 15 GW within the next five years, encompassing both existing and ongoing projects.
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.
Performance and Future Plans:
Consolidated revenue grew 10% to Rs 61,542 crore; PAT increased 12% to Rs 4,280 crore. The Company continued its efforts to strengthen its balance sheet and maintained the net debt to equity <1 even after funding its growth plans.- Renewable Energy: Aiming for 15 GW clean energy portfolio in 5 years from the existing 9 GW, both from existing and ongoing projects
- Manufacturing: Set up New 4.3GW Solar cell and module manufacturing plant in Tamil Nadu.
- EV Charging: Leading with 5,500 public and captive chargers in 530+ cities, and 86,000+ home chargers installed.
- Rooftop Solar: Fully geared to solarize homes through its ‘Ghar Ghar Solar’ initiative under PM Surya Ghar Yojana. Executed 2GW+ rooftop projects so far and has an order book of Rs 2,800 crore.
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