https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Tata Power Posts 10% Profit Growth, Expands Clean Energy Portfolio

Tata Power’s net profit rose to ₹1,188 crore in Q3 FY24, with plans to expand clean energy capacity to 16.7 GW and explore small modular nuclear reactors.
Indian Masterminds Stories

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.


Indian Masterminds Stories
Related Stories
NEWS
Bihar Government-resized-IM
9 IAS Officers Reshuffled in Bihar, Ajay Yadav Made Secy, Education Department
NALCO-resized
NALCO Hosts All India Vendor Meet 2025 to Strengthen Procurement Ecosystem
SAIL resized
SAIL Reports Revenue Growth and Improved EBITDA in Q3 FY25
CRPF_resized
West Bengal Cadre IPS Officers Annappa E and Awadhesh Pathak Appointed as DIGs in CRPF
delhi-government-resized
Civil Servants Breathe Easy After BJP-AAP Quagmire Ends in Delhi
NREL NTPC Renewables Limited
NTPC Renewables Hosts Lenders Meet to Strengthen Financial Partnerships for 60 GW RE Target
PFC logo resized
Power Finance Corporation Reports 23% Surge in Q3 Net Profit, Declares Interim Dividend
BPCL_resized
BPCL Signs Strategic Crude Oil Supply Agreement with Petrobras
Videos
K jairaj
K. Jairaj: A Bureaucrat Who Believed in Impact Over Transfers
Vivek Mehrotra, IAS
No One Can Pressurise An IAS Officer, If He Sticks To These Five Principles
Harsimran Singh Cheema
9 Years, Countless Setbacks, 1 Dream: Harsimran Singh Cheema’s UPSC to IFS Story
ADVERTISEMENT
Latest
Bihar Government-resized-IM
9 IAS Officers Reshuffled in Bihar, Ajay Yadav Made Secy, Education Department
NALCO-resized
NALCO Hosts All India Vendor Meet 2025 to Strengthen Procurement Ecosystem
ADVERTISEMENT
Videos
K jairaj
Vivek Mehrotra, IAS
Harsimran Singh Cheema
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT