• Record annual profit: Tata Power crossed a record annual profit of ₹5,118 crore despite Mundra being offline for nine months with a loss of nearly ₹1,100 crore, and expects stronger financial performance as Mundra resumes operations.
• Renewable capacity expansion: The company plans to add around 2,500 MW of renewable generation capacity this year following a nearly 60% PAT growth in renewables and doubled business in rooftop solar and manufacturing.
• Capex targets: After achieving ₹13,000 crore in capex last fiscal due to transmission evacuation delays, management is targeting ₹20,000 to ₹22,000 crore in capex this year across transmission and distribution projects in Odisha and Delhi.
• EV charging growth: The company currently has nearly 2 lakh home chargers and around 6,000 public chargers, with public charging utilization increasing from 2% to around 5%.
• National power readiness: India is well-equipped to meet an anticipated peak power demand of about 270 GW with its 530 GW installed capacity, of which 50% is non-fossil fuel.