Tata Power to Invest Rs 1.25 Trillion Between FY26 and FY30 to Double Capacity

Tata Power to Invest Rs 1.25 Trillion Between FY26 and FY30 to Double Capacity

Tata Power, a leading name in India’s energy sector, has announced an ambitious plan to invest Rs 1.25 trillion between FY26 and FY30 to double its operational capacity from 15.6 GW to 32 GW. This significant move aligns with the company’s commitment to accelerating the renewable energy transition and achieving 100% green energy generation by 2045.

This investment is part of the company’s larger Rs 1.46 trillion capex strategy for FY25-FY30, of which 60% will be directed toward renewable energy projects. Speaking about the company’s future, Praveer Sinha, CEO and MD of Tata Power, shared their vision of achieving 23 GW renewable capacity by FY30, up from 6.7 GW in FY24.

Tata Power’s Renewed Focus on Sustainability

The company aims to achieve 70% green energy generation by 2030. In FY25 alone, Tata Power plans to allocate Rs 21,000 crore in capex, marking a sharp 72% increase from FY24’s Rs 12,184 crore. This proactive approach underscores its dedication to supporting India’s ambitious goal of 500 GW renewable capacity by 2030, a target that requires an additional 300 GW to be added.

Key Financial and Operational Targets by FY30

Revenue Growth: The company targets an Ebitda of Rs 30,000 crore by FY30, more than doubling its FY24 figure of Rs 12,701 crore.

Profit Growth: Tata Power expects its profit after tax (PAT) to increase 2.5 times, reaching Rs 10,000 crore.

Transmission Expansion: Plans to extend its transmission network from 4,633 circuit kilometers (Ckm) to 10,500 Ckm.

Customer Base Growth: Aiming to serve 40 million customers, up from the current 12.5 million.

Revolutionizing Solar Energy with a State-of-the-Art Facility

At the heart of Tata Power’s green energy push is its new solar module and cell manufacturing facility in Gangaikondan, Tirunelveli, Tamil Nadu. Built with an investment of Rs 4,300 crore via its subsidiary TP Solar Ltd, this facility is the largest single-location solar cell and module plant in India, boasting a capacity of 4.3 GW each.

Sinha emphasized the plant’s critical role in meeting domestic solar demands, with production already tied up for the next 12-16 months. The facility is part of the Approved List of Models and Manufacturers (ALMM), making it eligible for government schemes like the PM Surya Ghar Yojana.

A Bold Step Towards India’s Renewable Energy Goals

Tata Power’s initiatives not only reinforce its leadership in the energy sector but also align with India’s vision of a sustainable future. By enhancing its rooftop and utility-scale solar energy segments, the company is paving the way for a greener tomorrow.

With Tata Power’s robust investment plans and commitment to renewable energy, the company is set to play a pivotal role in India’s clean energy transformation, ensuring sustainable growth and a brighter future for the nation.

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Keywords: Tata Power investment, renewable energy, solar energy, green energy transition, Tata Power solar plant, India’s renewable goals, FY30 Tata Power plans.