Tata Power to invest Rs 60k cr till FY27, bulk of it in renewable capacity
Tata Power will be investing Rs 60,000 crore over the next three years with almost half of it in the renewables sector, a top official said on Tuesday.
The company, which is into power generation, transmission and distribution, will not be adding any new coal-based “thermal power capacity”, its chief executive and managing director Praveer Sinha told reporters here.
It is investing up to Rs 15,000 crore in FY24, and will take it to up to Rs 20,000 crore in FY25, Rs 22,000 crore in FY26 and Rs 23,000 crore in FY27, to take the overall capex to Rs 60,000 crore by FY27.
