Chandrasekaran hails Tata Power’s green momentum, profit milestones, and energy leadership at 106th AGM

At Tata Power’s 106th Annual General Meeting, held on Friday, chairman N. Chandrasekaran struck a tone that was both reflective and forward-looking, acknowledging a year marked by global disruption, personal loss, and transformational growth for India’s largest integrated power company.

Opening the AGM on a sombre note, Chandrasekaran paid tribute to the victims of the tragic Air India flight AI-171 incident, and remembered the late Ratan Tata, calling him a mentor, a visionary, and a deeply humane leader. “We all miss him very dearly,” he said.

Chandrasekaran contextualised Tata Power’s performance within a rapidly shifting global landscape. Despite geopolitical tensions and intensifying climate challenges, India remained the fastest-growing economy in 2024 with a 6.5% growth rate. The year was also the hottest on record, underscoring the urgency of the energy transition.

Electric mobility and artificial intelligence emerged as dominant energy drivers—EV sales grew 25% globally while data centres consumed 1.5% of the world’s electricity. Global energy demand rose more than 4%, with India ranking third globally in electricity consumption.

India's renewables push gained ground, with clean energy capacity crossing 200 GW—46% of total installed capacity. The country surpassed Germany to become the third-largest generator of electricity from wind and solar. Tata Power is “ideally positioned to lead the country’s energy transition,” Chandrasekaran declared.

FY25 marked a historic year for Tata Power across financial and operational fronts. The company crossed the ₹5,000 crore profit-after-tax milestone for the first time, posting ₹5,197 crore—a 26% year-on-year increase. Revenue rose 5% to ₹64,502 crore, driven by strong rooftop solar performance and improved discom operations. EBITDA for the year stood at ₹15,261 crore.

Tata Power now commands a generation portfolio of over 25 GW, with 65% from clean and green energy. Key projects include a partnership with Bhutan’s Druk to develop 5 GW in cross-border hydro and renewables, and the commissioning of a 4.3 GW solar cell and module plant in Tirunelveli, Tamil Nadu.

The company also transitioned further into consumer-facing domains. Tata Power is India’s number one rooftop solar provider, aligned with the government’s Surya Ghar initiative, and operates one of the country’s largest EV charging networks.

Its distribution footprint now serves 12.8 million customers across Delhi, Mumbai, Ajmer, and Odisha. The company won transmission projects worth ₹4,800 crore in FY25, boosting its portfolio to over 7,000 ckm.

Return on Equity (ROE) rose to 12.8%, while Return on Capital Employed (ROCE) stood at 8.8%. Earnings per share increased to ₹12.42, up from ₹11.56 in FY24.