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Tata Power planning to double capex this financial year to Rs 12,000 crore

21 Jun 2023 Evaluate

Tata Power is planning to invest about Rs 12,000 crore this financial year, which is double the Capex spent in FY23. Given the company’s successful track record in turning around Discoms, it will look to participate in privatisation opportunities as and when the policy reforms are undertaken.

Tata Power is well transitioning to become the round the clock green energy solutions provider. It is developing clean energy solutions like battery storage, pumped hydro projects for its commercial and industrial consumers.

The Company is exploring new technologies such as offshore wind, green hydrogen to ensure stable, reliable, and consistent supply from renewable power source. Tata Power, over the years, has continued its pursuit of excellence, growth and technological advancement. The Company continues to deliver on all its stated commitments across financial, operational, and ESG metrics.

Tata Power Company is India’s largest integrated power company.


Peers
Company Name CMP
NTPC 327.00
Tata Power 361.00
Adani Power 202.35
Power Grid Corpn. 263.50
Adani Energy Solut. 1350.00
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