Tata Power Eyes ₹46,000 Crore Investment Over Next Biennium.

Tata Power is set to embark on a substantial capital expenditure plan, with ₹23,000 crore earmarked for annual spending over the next two years. This significant investment comes as the company re-evaluates its prior strategy of focusing exclusively on green energy, a shift prompted by the surging demand for power across India.

During the company’s annual general meeting, Chairman N Chandrasekaran addressed shareholders' queries, indicating that the board is actively reviewing its stance on not investing further in coal-based power projects. "To meet immediate industrial demand, we need to look at participation in additional coal-based projects," he stated, signaling a potential pivot in their long-term energy generation mix.

Historically, Tata Power has concentrated its resources on expanding its renewable energy portfolio, with an ambitious target of achieving 70 percent renewable energy capacity by the end of 2030. The renewed consideration of coal-based projects suggests a pragmatic approach to ensure energy security and meet the nation's growing power needs while continuing to pursue its green energy goals.