Mumbai, Dec 15 (UNI) Tata Power has officially announced through a stock exchange filing that it plans to invest Rs 1.25 lakh crore as capital expenditure (capex) to generate more than 30 GW of electricity between financial year 2025-26 (FY26) and 2029-30 (FY30).
Around 65% of this spending will be directed towards clean and green energy projects to enable the company generate 100% clean and green power generation by 2045, according to the regulatory filing.
By FY30, Tata Power expects to achieve revenues of Rs 1 lakh crore, an EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) of Rs 30,000 crore, as well as a profit after tax (PAT) of Rs 10,000 crore.
In a related development, Tata Power also announced that it plans to allot non-convertible debentures (NCDs) worth Rs 2,000 crore through a private placement. The company will issue 2,00,000 NCDs with a face value of Rs 1,00,000 each.
NCDs are unsecured, redeemable, rated instruments which will be listed on the BSE debt segment. They are structured in two series with 3-year and 5-year maturity periods respectively, with both offering bullet repayment after maturity. The debentures carry AA/Stable ratings from India Ratings and Research and CRISIL Ratings.
The company stated that it plans to expand its total electricity generation capacity to more than 30 GW by FY30, including more than 20 GW from renewable sources. Presently, Tata Power operates 15.7 GW of capacity, out of which 7 GW is clean energy. Transmission lines of 7,047 circuit kilometers (Ckm) were operational and under construction during this same period, the filing stated.
Tata Power which has invested Rs 13,214 crore in FY24 and Rs 17,273 crore in FY25, plans to invest about Rs 25,000 crore every year over the next five years, until 2030.
Looking ahead to FY30, the Tata Power filing stated that the company expects to operate over 10,000 Ckm of transmission lines and serve nearly 40 million distribution customers, reinforcing its position as one of India’s leading integrated power companies.
