How this power giant is profiting from India’s green push?

India’s record-breaking heat is driving power demand and the government aims to double total power capacity to 870 GW by 2030, with 500 GW meant to come from renewable sources.

Tata Power, India’s largest vertically integrated power company, is planning to ride the greener push. Swipe to read how it’s making the most out of the industry tailwinds:

It generates 5.9 GW renewable energy annually (40% of its total capacity) & plans to add another 5.5 GW. In FY24, it won several large contracts that provide solid revenue visibility.

With a 20% lion’s share in rooftop solar panels, Tata Power is set to capitalise on the government’s plan to generate around 40 GW from solar energy by 2030.

Renewable energy offers better margins. Tata Power's renewable segment achieved a 35% EBITDA margin in FY24, double that of its thermal segment.