Tata Power to invest ₹25,000 cr in FY26; 50% to be allocated for renewables
New Delhi: Tata Power plans to invest ₹25,000 crore as capital expenditure in FY26, with 50 per cent of the planned capex earmarked for renewables, 20 per cent for generation including pumped hydro, and 30 per cent for transmission and distribution (T&D), CEO Praveer Sinha said.
'Capex for FY26 is ₹25,000 crore, 50 per cent to renewables, 20 per cent to generation (including pumped hydro), and 30 per cent to T&D (transmission and distribution),' Sinha said during a post-earnings call on Wednesday.
The company had earlier planned a capex of ₹20,000 crore for FY25, but was able to achieve over ₹16,000 crore due to delays in some transmission and renewable projects. Tata Power added 2.3 GW capacity in FY25 and is targeting 2.5–2.7 GW capacity addition in FY26.
'We are also finalising long-term wind turbine supply (1-1.5 GW) within the next three-four weeks,' he said.
Sinha also said the company is keen to bid for two power distribution companies in Uttar Pradesh.
On nuclear plans, he said, 'We are awaiting amendments to the Nuclear Power Act—specifically civil liability and private sector participation. We expect these in the monsoon session. We're preparing with site evaluations, water arrangements, and technology reviews, but next steps depend on legal clarity.'
Tata Power reported an 8 per cent year-on-year rise in consolidated net profit to ₹1,042.83 crore for the quarter ended March 2025, compared to ₹895.21 crore in the same period a year ago.
Revenue from operations rose 8 per cent to ₹17,095.88 crore in Q4FY25 from ₹15,846.58 crore in Q4FY24.
On a quarter-on-quarter basis, PAT was up 1.2 per cent from ₹1,030.70 crore in Q3FY25. Revenue grew 11.1 per cent from ₹15,391.06 crore reported in the October-December quarter.
According to the company's exchange filing, EBITDA for Q4FY25 increased 14 per cent year-on-year to ₹3,829 crore from ₹3,358 crore.
'EBITDA for Q4FY25 rose 14% to ₹3,829 crore on the back of strong performance across the core businesses comprising generation, T&D, and renewables,' the company said in its filing.
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