TATA Power Will Spend Rs 75,000 Crore On Renewables

TeknikalRaman finance & Business POSTED BY: Ranjeet Kumar PUBLISHED: 9th July, 22

According to the company's announcement today, Tata Power Company Ltd. would spend Rs. 75,000 crore ....

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...to increase capacity in its renewable industry. By FY27, Tata Power hopes to increase its generation capacity to above 30 GW.

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Expandeding renewable energy portfolio from current levels of 34% to 60% by 2027 and 80% by 2030, up from current 13.5 GW

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The firm intends to stabilise the new purchase in the transmission business and improve the operations of Odisha Discom.

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And provide amazing customer service, made possible by digitization, said N Chandrasekaran, Chairman Tata Power

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The corporation intends to invest a total of Rs. 10,000 crores in renewable energy in FY 23.

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Tata Power is establishing a 4 GW solar cell facility and has an EPC order book of Rs 13,000 crore.

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