Tata Power to Invest Rs 20,000 Crore in FY25 with Focus on Renewable Energy

Tata Power plans a significant Rs 20,000 crore capital expenditure in FY25, primarily to boost its renewable energy portfolio. Additionally, the company aims to explore opportunities in nuclear energy and expand its distribution business, with a goal of reaching 50 million consumers. Tata Power is also advancing its solar and EV charging initiatives.

Tata Power is set to invest Rs 20,000 crore in capital expenditure for FY25, as announced by Chairman N Chandrasekaran during the company's 105th Annual General Meeting. A significant portion of this investment will target accelerating the company's renewable energy portfolio, with additional funds allocated to transmission and distribution.

Chandrasekaran also highlighted Tata Power's ambitious goals, which include achieving a 15 GW clean energy portfolio within five years and expanding its distribution reach to 50 million consumers from the current 12.5 million. The company is also exploring opportunities in small modular nuclear reactors, pending government approval.

Tata Power is progressing with a 4.3 GW solar cell and module manufacturing plant in Tamil Nadu and has installed 5,500 public and captive EV chargers across 530+ cities. Their 'Ghar Ghar Solar' initiative has executed over 2 GW of rooftop solar projects, with an order book of Rs 2,800 crore. The Board of Directors also recommended a Rs. 2 dividend per equity share.

(With inputs from agencies.)