Synopsis
The company is looking to raise its market share in green energy to 60% by 2025 from 25% at present. It is gaining prominence in solar rooftop and pumps, and will gradually close down thermal-power plants as they age. The company, which has an INR44,000 crore debt, plans to reduce it to INR25,000 crore this financial year.
With a huge land mass, 300 sunny days a year, over a dozen perennial rivers, and a coastline spanning over 7,500km, India has all it takes to become a renewable-energy superpower. The country has started the journey to book its place as the world leader in solar power in the next decade. Renewable energy accounts for 26% of the world’s electricity and the share will only increase in the future. Tata Power, the country’s leading power producer,
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