According to reports from CNBC TV18, Business Standard, and The Times of India, Tata Power has outlined an ambitious growth roadmap, targeting ₹1 trillion in revenue and ₹10,000 crore in profit after tax (PAT) by 2030. Chairman N. Chandrasekaran addressed shareholders at the company's annual general meeting on Tuesday, July 7, stating that the company 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. The company has allocated ₹1 lakh crore in capital expenditure until FY30, with an average of ₹25,000 crore per year targeted over the next four financial years to fund its expansion plans across generation, transmission, distribution, renewable energy, rooftop solar, EV charging and manufacturing. As per The Times of India, the growth plans will require heavy spending, with the company investing about ₹25,000 crore annually in capital expenditure over the next three years.
As reported by CNBC TV18, Business Standard, and The Times of India, Tata Power aims to have 30 GW of generation capacity fully operational by 2030, having already crossed 26 GW of generation capacity, including projects under development. The company's portfolio currently comprises 66% clean and green energy, with the remaining portion being conventional power sources. For FY26, the company's total operational generation capacity currently stands at 16.7 GW, with the company commissioned about 2.5 GW of renewable energy capacity during FY26 and maintaining a 5.1 GW development pipeline for future projects. The company installed nearly 2 GW of rooftop solar capacity during the last financial year, taking cumulative installations beyond 4 GW. Additionally, Tata Power is expanding its solar manufacturing capabilities with a new 10 GW project to be announced in the coming months in Odisha, building on its existing 4.3 GW solar cell and module manufacturing plant in Tirunelveli, Tamil Nadu, which has been operational for the past one year.
According to CNBC TV18, Business Standard, and The Times of India, Tata Power is strengthening its hydroelectric business with hydropower projects in Bhutan, including the 1,125 MW Dorjilung Hydropower Project and the 600 MW Khorlochhu Hydro Project, which are expected to become operational by FY30. On the transmission side, the company plans to expand its network from the current 7,000 circuit kilometres (CKM) to more than 10,000 CKM, with the transmission portfolio standing at 7,000 CKM including a pipeline of more than 1,800 CKM. In distribution, Tata Power currently serves 13.1 million consumers across seven discoms and plans to participate in upcoming electricity distribution privatisation opportunities, with Chairman Chandrasekaran stating the company is open to expand distribution footprint wherever there is opportunity. However, as per The Times of India, the push comes despite a setback in Karnataka, where Tata Power withdrew its application for a parallel electricity distribution licence after opposition from the state government and unions at state-run electricity supply companies.
As reported by CNBC TV18, Business Standard, and The Times of India, Tata Power plans to enter the nuclear power segment, with Chairman Chandrasekaran stating the company has plans to enter the nuclear space, both the SMR and other forms, and is in discussion with government approval requirements. "We are in discussion, and it will require government approval. It will take time, but we are looking at that," he said. The company is also expanding its battery energy storage systems (BESS) through collaboration with Tata AutoComp Systems to produce battery packs, with discussions ongoing between Tata Power and its battery company Agratas. Additionally, the company has crossed 2 lakh cumulative home electric vehicle charger installations and is working on pumped hydro storage projects, with progress made on the 1,000 MW Bhivpuri Pumped Storage Project and work expected to begin on the 1,800 MW Shirwata Pumped Storage Project. Tata Power is also exploring nuclear energy, including small modular reactors, as part of its diversified energy portfolio expansion.
According to CNBC TV18, Business Standard, and The Times of India, Tata Power is expanding its solar manufacturing capabilities with a new 10 GW ingots and wafers project in Odisha - intermediate components used in solar cell manufacturing. The company's shares ended marginally lower on Tuesday at ₹377.10, with the stock having declined about 6% over the last 12 months. For FY26, the company's revenue stood at ₹63,681 crore while net profit was ₹5,212 crore. The company highlighted significant opportunities across all segments and expects to continue expanding its clean energy portfolio over the rest of the decade. The ambitious targets represent a nearly 2x increase in net profit and more than 50% growth in revenue by FY30, positioning Tata Power as a major player in India's transition to clean energy.
