Addressing shareholders at the company’s annual general meeting (AGM) on Tuesday, July 7, Chairman N. Chandrasekaran said, “Tata Power today is leading the shift to an Energy as a Service approach by enabling residential and C&I customers to switch to clean and green solutions.”
He added that the company is expanding across generation, transmission, distribution, renewable energy, rooftop solar, EV charging and manufacturing.
The company expects to invest around ₹25,000 crore annually over the next four years to fund its expansion plans. It aims to have 30 GW of generation capacity fully operational by 2030, having already crossed 26 GW of generation capacity, including projects under development, with 66% of the portfolio comprising clean and green energy.
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“We have a significant opportunity in all the segments,” the company said, adding that it expects to continue expanding its clean energy portfolio over the rest of the decade.
Tata Power is also strengthening its hydroelectric business. The company said its hydropower projects in Bhutan, including the 1,125 MW Dorjilung Hydropower Project and the 600 MW Khorlochhu Hydro Project, are expected to become operational by FY30.
The company also plans to enter the nuclear power segment. “We have plans to enter the nuclear space, both the SMR and other forms. We are in discussion, and it will require government approval. It will take time, but we are looking at that,” Chandrasekaran said.
On the transmission side, Tata Power plans to expand its network from the current 7,000 circuit kilometres (CKM) to more than 10,000 CKM. In distribution, the company currently serves 13.1 million consumers across seven discoms and said it plans to participate in upcoming electricity distribution privatisation opportunities.
“We are open to expand distribution footprint wherever there is opportunity,” the chairman said, adding that the company intends to participate significantly in future discom privatisation programmes.
The company also highlighted progress across its renewable energy businesses during FY26, commissioning about 2.5 GW of renewable energy capacity, maintaining a 5.1 GW development pipeline, and expanding its rooftop solar, EV charging and solar manufacturing operations. It also said a new solar manufacturing project in Odisha will be announced in the coming months.
Shares of the company ended marginally lower on Tuesday at ₹377.10. The stock has declined about 6% over the last 12 months.
