Tata Power is evaluating the deployment of 20–50 megawatt (MW) small modular nuclear reactor (SMR) plants as part of its long-term clean energy strategy, Managing Director and CEO Praveer Sinha said, signalling the company’s intent to explore next-generation power technologies alongside renewables.
The company has outlined an ambitious capital expenditure (capex) plan of ₹25,000 crore for the current financial year, which it aims to maintain annually till FY30. According to an investor presentation, Tata Power plans a total capex of ₹1.25 lakh crore between FY26 and FY30, with nearly 65% of the investment earmarked for clean energy projects.
Tata Power’s capex has already seen a sharp step-up. The company spent ₹17,273 crore in FY25, nearly doubling the outlay to ₹25,000 crore in FY26. “We are well poised to achieve our aspirations,” Sinha said, highlighting strong execution visibility across business segments.
In power generation, Tata Power had a thermal capacity of 15.7 GW in FY25, which it plans to scale up to 30 GW by FY30. At the same time, its clean and green capacity is targeted to rise from 7 GW to 20 GW by March 2031, nearly a threefold increase, reflecting the company’s pivot towards sustainable energy.
The transmission business is also set for expansion. Tata Power’s transmission network, including operational and under-construction assets, stood at 7,047 circuit kilometres (ckm) in FY25 and is planned to grow to 10,000 ckm in the coming years.
On the distribution front, Tata Power aims to expand its customer base from 12.8 million to 40 million consumers by 2030. The company is actively seeking new distribution licences, including in Goa, and is eyeing entry into Uttar Pradesh, where two state-owned discoms are slated for privatisation.
Currently, Tata Power operates distribution businesses in Delhi and Odisha through joint ventures, runs operations independently in Mumbai, and serves consumers in Ajmer, Rajasthan, through its subsidiary TP Ajmer Distribution Ltd.
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