We attended Tata Power Company’s (TPWR’s) analyst meet during which the company highlighted the growth strategy for its several businesses over FY23-FY27. TPWR has a clear focus on clean and green growth as is evident from the fact that 80% of the estimated Rs 1-trn capex over FY23-FY27 will be on green businesses. With this, the company aims to grow its revenue and PAT 3x and 4x from the FY22 levels of Rs 426 bn and Rs 23 bn, respectively, and simultaneously improve shareholder returns. Apart from the 5-year green business targets to improve its leadership positions [helped by the …
