![N chandrasekaran.](https://img.etimg.com/thumb/msid-111788995,width-300,height-225,imgsize-168090,resizemode-75/n-chandrasekaran-.jpg)
He was addressing shareholders at the company's 105th annual general meeting held virtually.
“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. A large part of this will be towards accelerating the Company’s renewable energy portfolio and balance towards transmission and distribution businesses," Chandrasekaran said, adding 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.
He added that 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. It is also aggressively looking at growth in rooftop solar, aiming for increased market share on the back of PM Surya Ghar Yojana.
On the distribution business front, the company is targeting 50 million consumers through distribution business expansion, from the present 12.5 million consumers.
It is also aiming for a 15 GW clean energy portfolio in five years from the existing 9 GW, both from existing and ongoing projects.
Based on its performance, the Company’s Board of Directors recommended a dividend of Rs. 2 per equity share of Re.1.
The company's scrip ended at Rs 436.90, down 0.52% on the BSE, Tuesday.
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