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Tata Power has reported a 14 per cent rise in consolidated net profit to INR 1,245 crore for the September quarter, supported by increased revenues and strategic operations. The company plans a 10 GW wafer and ingot manufacturing facility and is assessing nuclear project sites pending legal amendments. Revenues grew 3 per cent to INR 15,769 crore, while EBITDA rose 6 per cent to INR 4,032 crore. Tata Power�s integrated approach, backed by ongoing clean energy projects and robust solar manufacturing, positions it for future growth in distribution and renewable capacity expansion.
Tata Power has recorded a 14 per cent increase in its consolidated net profit for the September quarter, reaching INR 1,245 crore, driven by higher revenues. The company also announced plans to establish a 10 GW wafer and ingot manufacturing facility. Advertisement
The company is closely monitoring potential nuclear power projects and will move forward once the required legal amendments are in place. Tata Power's CEO and MD, Praveer Sinha, said the company is currently evaluating sites for the proposed plant. He added that decisions regarding the plant's location and technology are under consideration, and the finalization is expected soon.
Regarding module capacity expansion, Sinha stated that the company already has adequate module and cell plant capacity under construction. For the September quarter, Tata Power reported a net profit of INR 1,245 crore, up from INR 1,093 crore in the same period of the previous fiscal year. Revenues rose 3 per cent to INR 15,769 crore from INR 15,247 crore, while EBITDA grew 6 per cent to INR 4,032 crore from INR 3,808 crore.
Sinha highlighted that the company's strong performance reflects the results of strategic initiatives supporting its integrated and diversified business model. With proposed amendments to the Electricity Act, Tata Power is positioned to expand its distribution network to serve 40 million consumers by 2030.
The company is also advancing 10 GW of clean energy capacity, supported by a pipeline of 5 GW in hybrid and firm-dispatchable renewable energy projects. Its backward-integrated solar manufacturing facilities are operating at full capacity, with modules and cells listed under ALMM, contributing to India's "Make in India" clean energy efforts.
On nuclear energy plans, Sinha mentioned that potential sites in multiple states are under review, but progress is contingent on legal amendments. Tata Power currently operates a diversified portfolio totaling 15.9 GW, underlining its position as a leading integrated power company in India.
Source PTI
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