Tata Power growth plans for 2030: Tata Group's power sector company Tata Power has announced big ambitions for the coming years. The Rs 1,39,428.64 crore company said on Friday that it is hoping to achieve a huge revenue of Rs 1 lakh crore and PAT of Rs 10,000 crore by FY 2030.

About two weeks ago, Tata Power announced the signing of a memorandum of understanding (MoU) with the Asian Development Bank for a whopping $4.25 billion (about Rs 35,912 crore) to finance key clean energy power projects. The MoU was signed at the recent Climate Conference (COP29) in Baku, Azerbaijan. CEO Praveer Sinha said the company is looking to set up distribution plants in Uttar Pradesh and Rajasthan as the government is considering privatization.

How Tata Power Plans to Achieve ₹1 Lakh Crore Revenue: Tata Power's target by FY 2030

In a presentation with investors, Tata Power said that it is targeting 33 GW of clean and green energy by FY 2030, including 23 GW operational. The company further said that after the completion of ongoing projects, the company's transmission capacity will cross 7000 CKM. Tata Power is targeting 10,500 CKM by FY 30. CKM stands for circuit kilometer.

Tata Power's 2030 Goals

• 33 GW of clean and green energy
• 10,500 CKM transmission capacity
• Revenue target: ₹1 Lakh Crore
• PAT target: ₹10,000 crore

Tata Power's Renewable Energy Projects and Clean Energy Plans

Talking about the financial position, the power company has announced that it has an estimated capital expenditure of Rs 1.46 lakh crore between FY 2025-30, of which about 60 percent will be in the renewable sector. Apart from this, Tata Power is confident of continuing strong financial performance till FY 2030.

Tata Power's Capital Expenditure Plans for FY 2025-30

It aims to achieve a 1.6-fold growth in revenue to Rs 1 lakh crore by FY 2030 from Rs 61,542 crore in FY 2024. Tata Power expects to grow its EBITDA by 2.4 times from Rs 12,701 crore in FY 2024 to Rs 30,000 crore by FY 30. In addition, it expects to grow its PAT by 2.5 times to Rs 10,000 crore in FY 2030.