Tata Power Plans Rs 20,000 Crore Capex For FY25, Mulls Nuclear Energy Entry
Tata Power Co. plans to invest Rs 20,000 crore in capital expenditure in fiscal 2025 to expedite its pivot to renewable energy and augment its transmission and distribution businesses, Chairman Natarajan Chandrasekaran said on Tuesday.
"Tata Power plans to invest Rs 20,000 crore capex in fiscal 2025. This is over and above the Rs 12,000 crore invested in fiscal 2024," Chandrasekaran said during the company's annual general meeting.
The investments will largely go towards bolstering the company's renewable energy portfolio and balancing transmission and distribution businesses.
Tata Power will also explore participation in small modular nuclear reactors, following regulatory approvals, apart from new distribution expansion opportunities in other states, the chairman said.
The government has announced plans to increase the nuclear power capacity from the current 7,480 MW to 22,480 MW by 2023–2022. As per reports, the central government has sought private investments of about $26 billion in the nuclear energy sector.
It has set a target of 5 crore consumers through distribution business expansion, from the present 1.25 crore, and aggressive growth in the rooftop solar market.
The Tata Group company set an ambitious target of a 15 gigawatt clean energy portfolio in five years from the existing 9 GW, both from existing and ongoing projects.
It also plans to set up a new 4.3 GW solar cell and module manufacturing plant in Tamil Nadu. It has already executed more than 2 GW of rooftop projects so far under the PM Surya Ghar Yojana and has an order book of Rs 2,800 crore.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
