NEW DELHI: Tata Power will invest Rs 20,000 crore towards capital expenditure (capex) in FY25, the corporate’s Chairman N Chandrasekaran mentioned on Monday. A big a part of the capex will likely be spent towards accelerating the corporate’s renewable vitality portfolio and stability towards transmission and distribution companies, he instructed shareholders on the firm’s one hundred and fifth Annual General Meeting (AGM).
“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,” mentioned Chandrasekaran who can also be the Chairman of Tata Sons.
Besides, Tata Power will even discover participation in small modular nuclear reactors, as soon as the federal government provides vital permissions other than new distribution growth alternatives in different states, he mentioned.
The chairman mentioned the corporate is aiming for 15 GW clear vitality portfolio in 5 years from the prevailing 9 GW, each from present and ongoing initiatives.
It can also be concentrating on 50 million shoppers by way of distribution enterprise growth, from the current 12.5 million shoppers, he mentioned.
Tata Power can also be in the method of organising a 4.3 GW photo voltaic cell and module manufacturing plant in Tamil Nadu.
In the EV charging area, the corporate has 5,500 public and captive chargers in 530-plus cities, and 86,000-plus residence chargers put in, the chairman knowledgeable the shareholders.
Tata Power is geared to solarize properties by way of its ‘Ghar Ghar Solar’ initiative beneath PM Surya Ghar Yojana. It has already executed 2GW-plus rooftop initiatives to date and has an order ebook of Rs 2,800 crore, he added.
The Board of Directors beneficial a dividend of Rs. 2 per fairness share.
“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,” mentioned Chandrasekaran who can also be the Chairman of Tata Sons.
Besides, Tata Power will even discover participation in small modular nuclear reactors, as soon as the federal government provides vital permissions other than new distribution growth alternatives in different states, he mentioned.
The chairman mentioned the corporate is aiming for 15 GW clear vitality portfolio in 5 years from the prevailing 9 GW, each from present and ongoing initiatives.
It can also be concentrating on 50 million shoppers by way of distribution enterprise growth, from the current 12.5 million shoppers, he mentioned.
Tata Power can also be in the method of organising a 4.3 GW photo voltaic cell and module manufacturing plant in Tamil Nadu.
In the EV charging area, the corporate has 5,500 public and captive chargers in 530-plus cities, and 86,000-plus residence chargers put in, the chairman knowledgeable the shareholders.
Tata Power is geared to solarize properties by way of its ‘Ghar Ghar Solar’ initiative beneath PM Surya Ghar Yojana. It has already executed 2GW-plus rooftop initiatives to date and has an order ebook of Rs 2,800 crore, he added.
The Board of Directors beneficial a dividend of Rs. 2 per fairness share.
