At the company's Annual General Meeting (AGM) on Tuesday, Tata Power Chairman N. Chandrasekaran announced plans for the company to achieve a revenue of 1 trillion rupees and a Profit After Tax (PAT) of 10,000 crore rupees by 2030. Furthermore, the company aims to increase its generation capacity to 30 gigawatts (GW) by that time.
Current Performance and Investments
The company's financial results for the fiscal year 2026 showed a revenue of 63,681 crore rupees and a net profit of 5,212 crore rupees. Chandrasekaran noted that the company's total generation capacity, including projects under implementation, exceeded 26 GW, with 66 percent of this capacity being clean and renewable. The current operational generation capacity stands at 16.7 GW.
The company has allocated approximately 100,000 crore rupees for capital expenditure until the fiscal year 2030, planning to spend an average of 25,000 crore rupees annually over the next four financial years.
Expansion of Business Verticals
In addition, Tata Power intends to enter the nuclear energy market, including Small Modular Reactors (SMRs). Chandrasekaran stated that discussions regarding this matter are underway, which will require government approval and will take time. The company also plans to expand solar panel production with a new 10 GW project, which will be announced in the coming months in Odisha. Previously, its 4.3 GW solar cell and module manufacturing plant in Tirunelveli, Tamil Nadu, operated for one year.
Progress has been made in the pumped storage systems sector with the Bhivpuri Pumped Storage Project of 1,000 MW, and work on the Shirwata Pumped Storage Project of 1,800 MW is also anticipated.
Focus on Energy Storage and Wind Generation
The company is collaborating with Tata AutoComp Systems for battery pack manufacturing. Chandrasekaran emphasized that Battery Energy Storage Systems (BESS) are a key focus area for both corporate and residential segments. Negotiations are also ongoing between Tata Power and Agratas. Moreover, Tata Power is increasing its wind capacity on the west coast and the Tamil Nadu coast, considering a project between Tamil Nadu and Sri Lanka.
Distribution Networks and Electric Vehicles
The total number of installed home EV chargers has surpassed 200,000 units. The company's transmission line portfolio amounts to 7,000 chain kilometers (ckm), including over 1,800 ckm in pipeline form, and the company aims to increase this figure to 10,000 ckm. In the rooftop solar installation segment, nearly 2 GW of capacity was installed in the last fiscal year, leading to a total of over 4 GW installations.
The distribution business serves more than 13.1 million customers through seven distribution companies (discoms) in Delhi, Mumbai, Ajmer, and across the state of Odisha. For the first time, all four Odisha discoms have started paying dividends to shareholders. Additionally, aggregate technical and commercial (AT&C) losses were reduced by 2 percent in the 2026 fiscal year, totaling 15 percent since acquisition. The company is prepared to expand its presence in distribution where opportunities arise.
