Author: Power Peak Digest Team Pub Date: February 6, 2025
Tata Power is exploring small modular nuclear reactors (SMRs) following the government’s decision to allow private investment in the sector.
CEO Praveer Sinha said the company is awaiting clarity on liability, technology, foreign partnerships, and fuel sourcing. SMR projects require stringent approvals, taking about 24 months, with construction lasting four to five years. India aims to expand its nuclear capacity from 8 GW to 20 GW by 2032.
Tata Power reported a 10 per cent year-on-year rise in profit after tax (PAT) to Rs 1.188 billion for Q3 FY 2024-25, with revenue increasing 2 per cent to Rs 15.118 billion. EBITDA grew 7 per cent to Rs 3.481 billion. Over the first nine months of FY 2024-25, revenue reached Rs 47.17 billion, while PAT surged 30 per cent to Rs 3.91 billion.
The renewable energy segment saw PAT rise by 59 per cent in Q3 to Rs 214 million and 41 per cent over nine months to Rs 787 million. Tata Power’s clean energy portfolio now stands at 6,700 MW, with 10,000 MW under development. The transmission and distribution segment recorded a 7 per cent PAT increase in Q3 to Rs 370 million and 32 per cent over nine months to Rs 1.38 billion, backed by over Rs 3 billion in investments.
Sinha expects peak power demand in India to reach 265-270 GW this summer, exceeding last year’s 250 GW. Imported coal-based plants may operate at full capacity to meet demand, and Tata Power’s fire-hit 500 MW Mumbai coal plant is expected to resume operations within days.