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Mundra resolution, renewables portfolio are key drivers for Tata Power

Tata Power's FY30 ambitions hinge on scaling renewables, transmission and distribution, while a long-term Mundra thermal resolution could revive profitability and lift sentiment

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Tata Power plans ₹24,000–25,000 crore annual capex in FY26–30 to drive renewables-led growth, with the Mundra plant resolution emerging as a key stock trigger.

Devangshu Datta Mumbai

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Tata Power is the country’s largest private integrated utility and is present across the value chain in generation, transmission and distribution and it has set ambitious growth targets.
 
The company is building up its renewables portfolio with backward integration via in-house solar (engineering procurement and construction (EPC) and module/cell manufacturing.
 
It has also turned around the Odisha discoms it acquired in 2021. It has a substantial execution pipeline of hydro/PSP and transmission projects.
 
To achieve a 15 per cent operating profit over FY25-30, it envisages ₹24,000-25,000 crore annual capital expenditure (capex) during FY26-30.
 
It is targeting a mix of renewables