Tata Power has earmarked a capital expenditure of more than Rs 75,000 crore over the next five years, of which Rs 10,000 crore would be invested in this financial year. The company is planning to increase its green energy share to 60% over the next five years.
The Tata group firm, which had added 707 MW capacity across renewables in FY22, has a Rs 13,000-crore order book in its solar engineering, procurement and construction (EPC) business. It would invest Rs 14,000 crore across segments in this fiscal, Tata Power chairman N Chandrasekaran said in reply to shareholders’ questions at the company’s annual general meeting on Thursday.
