Tata Power's ₹46,000 Crore Boost: A New Era of Energy for India?

Tata Power has announced plans to invest ₹23,000 crore annually over the next two years as part of an expanded capital expenditure strategy, signaling a potential shift in its energy mix in response to India’s growing power demand.

Speaking at the company’s annual general meeting, Chairman N. Chandrasekaran revealed that the board is reconsidering its earlier decision to avoid further investments in coal-based power. “To meet immediate industrial demand, we need to look at participation in additional coal-based projects,” he said, highlighting the need for a balanced approach to energy security.

While Tata Power remains committed to its renewable energy ambitions — targeting 70% of total capacity from green sources by 2030 — the move reflects a more pragmatic strategy to ensure reliable power supply during a period of rising industrial consumption.

News by Rahul Yelligetti.