Blitz Bureau
NEW DELHI: Tata Power on July 17 announced plans to invest Rs 20,000 crore during 2024-25, a large part of which would go to projects in the renewable energy segment of the company.
Addressing the company’s 105th Annual General Meeting (AGM), Tata Power Chairman Natarajan Chandrasekaran said: “The company plans to invest Rs 20,000 crorecapex 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.
He said that 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. The company is well-positioned to lead India’s green energy shift with a focus on providing round-the-clock renewable energy, especially to commercial and industrial consumers
