Tata Power share price in focus: Firm looks at ₹25,000 crore annual capex till FY30; check how shares fared in 2025

As per an investor presentation, 65% of the capex is aimed at clean energy projects.

Tata Power, which made a capital expenditure (capex) of ₹17,273 crore in FY25, almost doubled the same to ₹25,000 crore in FY26.

The total capex estimated between FY26 and FY30 is ₹1.25 lakh crore, with ₹25,000 crore spent annually, as per the presentation.

In an interaction, Sinha said, "We are well poised to achieve our aspirations."

In the power generation segment, the company had a thermal capacity of 15.7 GW in FY25, which it looks to scale up to 30 GW by FY30, he said.

"From 7 GW of clean and green capacity, we aim to increase it to 20 GW, almost three times, by March 2031," Sinha said.

The capacity of transmission lines, both operational and under construction, stood at 7,047 circuit kilometres (ckm) as of FY25. The same will be scaled up to 10,000 ckm as per the plan.

From 12.8 million customers in the distribution space, Tata Power is looking to increase it to 40 million by 2030, Sinha said, adding that the company has applied for licences to operate in various states, including Goa.

Currently, Tata Power is present in the distribution space through joint ventures in Odisha and Delhi, while in Mumbai, it operates on its own.

In Ajmer, Rajasthan, Tata Power distributes electricity through a subsidiary company named TP Ajmer Distribution Ltd.

Tata Power also looks to enter Uttar Pradesh, where two of the discoms are being privatised, Sinha stated.

Tata Power may explore 20-50 MW small modular projects

Tata Power will explore setting up small modular reactor (SMR) projects of 20-50 megawatt capacity post legal amendments required for the entry of private players into the nuclear space, Praveer Sinha said.

Meanwhile, the company has already started exploring locations for future nuclear plants, the CEO said in an interaction.

The government on Monday moved the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill, which seeks to overhaul laws governing India's civil nuclear sector, opening it up to private participation and putting in place a new liability regime, in a bid to address concerns voiced by the industry partners. Minister of State in the PMO Jitendra Singh moved the bill in Lok Sabha.

Sinha said there are a lot of opportunities in the nuclear energy area in the country. "Now that it is expected to be amended, when the fine print comes, we will be able to see what the opportunities are, but yes ... we look at small modular reactors of 20-50 MW," Sinha said.

Sharing his views on the sector, Sinha said it will take some time for new plants to come up. "…these will not happen in the next five years; all this will take time."

There are safety issues, site issues as to where such plants can be set up, and fuel issues. So this will take time, but eventually we will have nuclear plants coming up," Sinha said.

Tata Power share price

Shares of the company have remained listless in the short term. Data show that the stock has slipped nearly 3% in one month, around 4.5% over the past six months, and nearly 11% YTD.

Over the past 12 months, the stock has declined nearly 10.65%.