Tata Power seeks a 60% boost in revenue and a two-fold jump in profits by 2030, CEO announces

Tata Power Company Ltd (TPCL) aims to reach a revenue milestone of Rs 1 lakh crore by 2030, an increase of 60% from the previous financial year. The company’s net profit is also expected to double to Rs 10,000 crore in the same period. The company’s success is attributed to its expansion in green energy and transmission and distribution business. Praveer Sinha, CEO of TPCL, stated that the company has laid a solid foundation and is ready to leapfrog its current levels. TPCL is planning to spend Rs 22,000 crore in capital expenditure this fiscal year, with an average annual capital expenditure of Rs 25,000 crore by 2030. The company aims to achieve 33 GW of clean and green energy by 2030, up from the current 6.7 GW and 10.1 GW under construction. TPCL has also partnered with Bhutan’s Druk Green Power Corporation to develop 5,000 MW of clean energy generation capacity in Bhutan.