Tata Power plans to invest INR 25,000 crore in capital expenditure during the financial year 2025-26, with a strong focus on strengthening its renewable and power infrastructure portfolio. The company is also preparing to bid for two major power distribution companies (discoms) in Uttar Pradesh.

May 15, 2025

Tata Power has announced plans to invest INR 25,000 crore in capital expenditure (capex) during the financial year 2025-26, with a strong focus on strengthening its renewable and power infrastructure portfolio. Half of this investment has been allocated for renewable energy projects, while 20% will support power generation and the remaining 30% is set aside for transmission and distribution (T&D).

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As part of its strategic expansion in the T&D segment, Tata Power is preparing to bid for two major power distribution companies (discoms) in Uttar Pradesh—Purvanchal Vidyut Vitran Nigam Ltd (PVVNL) and Dakshinanchal Vidyut Vitran Nigam Ltd (DVVNL). These discoms together serve 42 of the state’s 75 districts, making them critical assets in the state’s power distribution network.

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This move aligns with Tata Power’s long-term objective of scaling its T&D operations, which currently form the largest share of the company’s revenue and profitability. The company already serves around 1.25 crore customers across key cities such as Mumbai, Delhi, Ajmer, and various regions in Odisha. With an eye on rapid growth, Tata Power aims to increase its customer base to 4 crore over the next five years. The Uttar Pradesh discom bids represent a significant step in achieving that goal.