Tata Power, will invest Rs 20,000 crore during this financial year, primarily to accelerate the company's renewable energy portfolio and transmission and distribution businesses. This was announced at the company's 105th annual general meeting. 

With a focus on providing round-the-clock renewable energy, especially to commercial and industrial (C&I) consumers, the company will look at rooftop solar, led by the PM Surya Ghar Yojana. Tata Power will also explore participating in small modular nuclear reactors segment, once the government gives necessary permissions. It will also undertake new distribution expansion opportunities in other states.

In distribution business, the company is targeting to achieve a base of 50 million consumers through distribution business expansion, from the present 12.5 million consumers. Moreover, it aims to have a 15 GW clean energy portfolio in five years.