Tata Power to double capex to ₹12,000 cr this year: MD
Financial Express Mumbai|August 10, 2023
TATA POWER HAS earmarked a capex of 12,000 crore for the current financial year, nearly double of that in FY23, of which nearly 60% would be utilised for renewables. 
RAJESH KURUP
Tata Power to double capex to ₹12,000 cr this year: MD

This includes a ₹4,500 crore spend to set up a solar cell and module manufacturing facility in Tuticorin, according to company's MD & CEO Praveer Sinha.

"Of the total capex, nearly 60% would be for renewables, 30% for transmission and distribution (T&D) and the remaining 10% for eneration and others. This will further rise in FY25 also as we are a growing company," Sinha told FE in an interaction.

The company had spent ₹6,500 crore as capex in last year. Tata Power has a total installed capacity of 14,294 MW, with 62% of it thermal and the rest renewable.

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