Tata Power aims to double profit, revenue by FY27: CEO
Tata Power is looking to double its profit and revenue in the next three years with the major focus on renewable energy, chief executive and managing director Praveer Sinha said on Tuesday.
“We will double our revenues and PAT (profit after tax) by FY27,” he told reporters at the company’s Bhivpuri power plant near Mumbai. Sinha said the company is expecting a profit of over Rupees 4,000 crore and expects revenues to cross Rupees 60,000 crore in FY24.
The company posted a PAT of Rupees 2,158 crore on revenue of Rupees 30,446 crore in H1FY24. It had posted a PAT of Rupees 3,810 crore on revenue of Rupees 56,033 crore in FY23.
