Tata Power mulls to double capex to Rs 12,000 cr, focus on renewables
Tata Power has planned to double its capital expenditure to Rs 12,000 crore in the current fiscal, with a focus on renewables, distribution, transmission and solar equipment manufacturing capacity.
“To meet the growth targets, your company (Tata Power) plans to invest about Rs 12,000 crore, which is double the capex spent in FY23,” Tata Power Chairman Natarajan Chandrasekaran said while addressing the 104th annual general meeting on Monday.
This capex, he informed, includes the investment in the upcoming 4 GW manufacturing plant, under-construction renewable projects, transmission and distribution businesses in Odisha, Delhi and Mumbai, and new opportunities.
