Tata Power looks to double profit by FY30

Quick Summary:

Tata Power MD, Praveer Sinha, aims to double profits and boost revenue by 60% by FY30, focusing on renewable energy for half the growth.

The company targets 33 GW of green energy capacity by FY30, up from 6.7 GW currently, while expanding transmission and developing pumped hydro projects.

Sinha expects profits to reach ₹10,000 crore and revenue ₹1 lakh crore.

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Article Details

Author / Journalist: Reeba Zachariah

Category: EconomyBusiness

Markets: IndiaChina

Topics: Tata Power financial goals Tata Power renewable energy capacity Renewable energy growth Tata Power Praveer Sinha Tata Power FY30 profit revenue targets Business news Tata Power profit doubling plan

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-07 @ 06:09:33 (5 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Readers: 55 people read this story

Article Length: 741 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Times of India

News ID: 24177856

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