India’s power sector is witnessing sustained capital deployment as utilities accelerate clean energy transition, grid expansion and distribution reforms. Tata Power has outlined a steady annual capital expenditure plan to scale its generation, transmission and distribution footprint.
Tata Power said it is aiming for a capex of Rs 25,000 crore in the current fiscal year and will look to maintain the same annual spend till FY30. According to its investor presentation, the majority of capital expenditure (65%) being incurred by the group will be for the development of clean energy developments. This shows a strong commitment by the Group to developing renewable and green power assets.
In FY25, the Group incurred a total Capital Expenditure (CapEx) amounting to Rs 17273 Crs, which increased almost twofold (to Rs 25000 Crs) during FY26. It is expected that during the period FY26-FY30, the Group will be incurring a Total CapEx of Rs 125000 Crs and have budgeted (Rs 25000Crs per Annum) for CapEx during this period.
Praveer Sinha, MD & CEO, Tata Power, said, "We are well poised to achieve our aspirations. From 7 GW of clean and green capacity, we aim to increase it to 20 GW, almost three times, by March 2031."
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In the power generation segment, Tata Power had a thermal capacity of 15.7 GW in FY25, which it looks to scale up to 30 GW by FY30.
The company’s transmission line capacity, including operational and under-construction assets, stood at 7,047 circuit kilometres as of FY25 and is targeted to reach 10,000 ckm. In distribution, Tata Power plans to expand its customer base from 12.8 million to 40 million by 2030, with licence applications underway in states such as Goa and Uttar Pradesh, alongside existing operations in Odisha, Delhi, Mumbai and Ajmer.
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