Key Takeaways
- Tata Power is shifting from solely solar and wind energy to hybrid renewable energy, including future nuclear involvement.
- The company reported a record profit after tax of Rs 5,197 crore, marking a 26% year-on-year increase.
- Tata Power’s clean energy capacity has surpassed 25 GW, with 65% coming from renewables, alongside significant growth in transmission and manufacturing.
Transitioning to Hybrid Renewable Energy
Tata Power is evolving its focus from being exclusively a solar and wind energy provider to a broader role in the hybrid renewable energy market, as stated by Chairman N Chandrasekaran at the company’s 106th Annual General Meeting (AGM). The company plans to offer customizable and scalable clean energy solutions that support net-zero journeys and provide sustainable power around the clock for various sectors.
Chandrasekaran also highlighted Tata Power’s readiness to engage in the nuclear sector, anticipating its opening for private participation in the future.
Tributes and Acknowledgments
During the AGM, Chandrasekaran paid tribute to Ratan Tata, the former chairman of the Tata Group, who passed away in October of the previous year. He expressed deep sorrow over the recent Air India plane tragedy and recognized the losses sustained by the Tata Group in recent months. He emphasized Tata’s significant contributions to the group and shared personal reflections on his leadership and humanity.
Growth in Capacity and Partnerships
Chandrasekaran reported that Tata Power’s generation portfolio has exceeded 25 GW as of FY25, with 65% of this capacity derived from clean energy sources. The firm has entered a strategic alliance with Bhutan’s Druk to develop 5 GW of cross-border renewable and hydropower projects, including the Khorlochhu project and Bhivpuri pump storage project.
In manufacturing, the newly commissioned 4.3 GW solar cell and module plant in Tirunelveli, Tamil Nadu, has stabilized operations. Additionally, the company has achieved 99.9% transmission availability and won transmission contracts worth over Rs 4,800 crore, raising its total network to over 7,000 circuit kilometers, including an ongoing capacity pipeline of more than 2,400 circuit kilometers.
Strong Financial Performance
Tata Power’s financial metrics show significant growth, with a profit after tax exceeding Rs 5,000 crore for the first time, culminating at Rs 5,197 crore—an increase of 26% year-on-year. The company’s EBITDA has reached Rs 15,261 crore and revenue has grown by 5% to Rs 64,502 crore, reflective of robust performance across its rooftop solar business and improved efficiency in billing and collections within its distribution operations.
Through strategic growth and a focus on diverse energy solutions, Tata Power is positioning itself as a leading player in the evolving landscape of renewable energy.
The content above is a summary. For more details, see the source article.
