Tata Power reported a 10% year-on-year increase in consolidated net profit, reaching ₹1,188 crore for the quarter ended December 31, 2024, compared to ₹1,076 crore in the same period last year. The company’s total income also rose to ₹15,793 crore from ₹15,294 crore, driven by higher revenues.
CEO and MD Praveer Sinha highlighted Tata Power’s consistent profit growth over the past 21 quarters, attributing it to strong contributions across all business segments. He also noted the government’s push for private sector participation in nuclear energy and amendments to the Nuclear Power Act, stating that Tata Power plans to explore opportunities in small modular nuclear reactors.
In the renewable energy sector, Tata Power’s operational clean energy capacity stood at 6.7 GW as of December 2024, generating over 11,700 million units of green power. The company is also executing projects totaling 10 GW, which will expand its clean energy portfolio to 16.7 GW. With this expansion, Tata Power aims to strengthen its position in India’s green energy transition.
