**Tata Power Plans ₹25,000 Crore Capex for FY26 and Bids for UP Discoms**
Tata Power is set to invest ₹25,000 crore in capital expenditure (capex) for the fiscal year 2026, with plans to bid for two power distribution companies in Uttar Pradesh, as stated by CEO Praveer Sinha during a recent earnings call. The company reported a nearly 25% increase in consolidated net profit, reaching ₹1,306.09 crore in the March quarter of FY25, driven by robust performance across its core sectors, including generation, transmission, distribution, and renewables.
Sinha detailed the allocation of the FY26 capex, indicating that 50% will be directed towards renewable energy, 20% towards generation (including pumped hydro), and 30% towards transmission and distribution. Although Tata Power had initially planned a capex of ₹20,000 crore for FY25, it managed to achieve over ₹16,000 crore due to delays in some transmission and renewable projects. The company added 2.3 GW of capacity in FY25 and aims to increase this to 2.5-2.7 GW in FY26. Additionally, Tata Power is finalizing long-term wind turbine supply agreements for 1-1.5 GW within the next few weeks.
Regarding nuclear projects, Sinha expressed the company’s interest but emphasized that progress hinges on legal clarity. Tata Power is awaiting amendments to the Nuclear Power Act, particularly concerning civil liability and private sector participation, which are expected during the monsoon session. Preparations are underway, including site evaluations and technology reviews, but further steps will depend on the legal framework.
On the topic of the privatization of two discoms in Uttar Pradesh—Purvanchal Vidyut Vitran Nigam Ltd (PVVNL) and Dakshinanchal Vidyut Vitran Nigam Ltd (DVVNL)—Sinha confirmed Tata Power’s keen interest in participating in the bidding process, with expectations to receive bid documents by the end of the month. The two discoms serve 42 out of 75 districts in Uttar Pradesh.
In terms of export opportunities, Sinha noted that Tata Power’s immediate focus is on the domestic market, particularly under the PM Surya Ghar Yojana, which requires GTR modules. After fulfilling domestic orders, the company will explore potential export avenues, especially in light of the U.S. imposing higher import duties on solar modules from certain countries.
**FAQ**
**What is Tata Power’s capital expenditure plan for FY26?**
Tata Power plans to invest ₹25,000 crore in FY26, with significant allocations for renewable energy, generation, and transmission and distribution projects.
