Mumbai, July 4: Tata Power Chairman N Chandrasekaran, addressing the company’s 106th Annual General Meeting (AGM) on July 4, emphasized the company’s strategic growth, operational excellence, and unwavering commitment to clean energy, even as he acknowledged recent challenges.
Opening the address with a solemn note, Chandrasekaran said, “We honour those who lost their lives in the recent Air India flight tragedy AI-171. Across the Tata Group, our thoughts are with the affected families and loved ones.”
He also paid homage to the late Ratan Tata, saying, “We bid farewell to Mr. Ratan Tata last year. His unwavering commitment transformed the Tata Group. He was a friend, a guide, and someone whose humanity and attention to detail I deeply admired.”
Turning to the macroeconomic and sectoral landscape, Chandrasekaran observed that 2024 was marked by “fundamental shifts” due to rising trade tensions, protectionism, and climate change. “India continues to be a beacon of hope and the fastest-growing major economy, growing at nearly 6.5%,” he said. He added that energy demand globally had surged due to AI, electric mobility, and the shift toward electrification.
“Tata Power is ideally positioned to lead India’s energy transition,” Chandrasekaran stated, highlighting that the company’s generation portfolio, including pipeline capacity, had crossed the 25 GW mark, with 65% being clean and green energy.
The company reported a record financial performance in FY25. Profit after tax crossed ₹5,000 crore for the first time, reaching ₹5,197 crore — a 26% year-on-year increase. Revenue rose 5% to ₹64,502 crore, while EBITDA touched ₹15,261 crore. “This strong performance has been driven by our rooftop solar business and enhanced efficiencies in distribution,” said Chandrasekaran.
Tata Power now serves 12.8 million customers across seven DISCOMs, including Delhi, Mumbai, Ajmer, and the entire state of Odisha. Chandrasekaran noted, “Our DISCOMs have been recognized by the Ministry of Power for service excellence and operational efficiency.”
He highlighted key project milestones including the commissioning of the 4.3 GW solar cell and module plant in Tirunelveli, Tamil Nadu. The company also launched two hydro projects: the 600 MW Khorlochhu project in Bhutan and the 1,000 MW Bhivpuri Pump Storage Project in Maharashtra.
In the renewable space, Tata Power has become India’s leading rooftop solar company and operates one of the largest EV charging networks in the country. “Our Ghar Ghar Solar campaign aligns with the Prime Minister’s Surya Ghar Yojana and is driving solar adoption nationwide,” said Chandrasekaran.
The company is also preparing for participation in India’s nuclear sector, anticipating future reforms. “We remain guided by our founder Jamshetji Tata’s vision — ‘Clean, cheap and abundant power is the cornerstone of development,’” Chandrasekaran concluded.
Based on its robust performance, the board has proposed a 225% dividend, amounting to ₹2.25 per equity share.
