Tata Power has announced a capex plan of Rs 12,000 crore for FY24.This is a significant increase from the capex of Rs 6,500 crore in FY23. The increased capex will support Tata Power’s growth plans, including expanding renewable energy capacity, enhancing the transmission and distribution network, and investing in new technologies.
The company aims to increase its renewable energy capacity from 3.9 GW to 8 GW by FY25. The capex will be financed through a combination of internal accruals and debt. Tata Power is confident in achieving its capex targets and sustaining its business growth.
Tata Power is confident that it will be able to achieve its capex targets and continue to grow its business. The capex plan of Tata Power is a positive development for the company and for the Indian power sector. The company’s focus on renewable energy is in line with the government’s goal of achieving 450 GW.
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The expansion of the company’s transmission and distribution network will help to improve the reliability of power supply in India. The investment in new technologies will help Tata Power to become a more efficient and customer-centric company.
Overall, the capex plan of Tata Power is a sign of the company’s commitment to growth and its confidence in the future of the Indian power sector.
