Full Year 2023 Tata Power Company Ltd Earnings Call Transcript
Ladies and gentlemen, good day, and welcome to the Tata Power Q4 FY '23 Earnings Conference Call. (Operator Instructions) I now hand the conference over to Dr. Praveer Sinha, Managing Director, The Tata Power.
Good evening, everyone, and thanks for joining the call. I'm joined today by my colleagues, Sanjeev Churiwala, CFO; Mr. JV Patil, Financial Controller, Kasturi and Rajesh from the Investor Relations and other members from my finance and corporate communication team. As all of you are aware, India's power demand continues to be very (inaudible). In fact, the par demand grew by nearly 7% in the last quarter, but by nearly 9% in the full year. And this has seen growth right across all areas, summer generation grew by 8%. Renewables grew by 18% on a year-on-year basis. And this is expected to continue in future also. Normally, the ratio of power generation growth to our GDP growth used to be 0.94 in the last decade. But in the last 5 years, we have seen it to increase 1.11. And we expect
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