Tata Power to spend Rs 20000 crore for FY25

(20 second Reading) Tata Power is planning to spend Rs 20,000 crore on capital expenditure this fiscal. Tata Power will spend half the amount toward renewable energy and the rest on distribution, transmission, and coal-based plants, according to a media report.
Tata Power reported a 11 per cent rise in its consolidated net profit to Rs 1,046 crore in the March 2024 quarter compared to the year-ago period on the back of higher revenues. Profit stood at Rs 939 crore in the quarter ended on March 31, 2023.

The power sector stock has gained 24% in 2024 and risen 98% in a year.