Tata Power to spend Rs 75,000 crore in 5 years on renewables

Tata Power NSE 0.40 % Company Ltd will spend Rs 75,000 crore to expand capacity in its renewable business, the company said today.

“Tata Power is looking to scale its Generation capacity to over 30 GW by FY27 from current 13.5 GW with an increased clean energy portfolio from current levels of 34% to 60% by 2027 and 80% by 2030,” said N Chandrasekaran, Chairman Tata Power at the company’s annual general meeting on today.