Tata Power targets US$ 10.71 billion revenue by 2030, reveals key update on nuclear plans
- IBEF
- July 8, 2026
Tata Power has announced a long-term strategy to achieve revenue of Rs. 1 lakh crore (US$ 10.71 billion) and profit of Rs. 10,000 crore (US$ 1.07 billion) by 2030. The company plans to drive this growth through expansion across its integrated businesses, including power generation, transmission, distribution, renewable energy and manufacturing. As part of its clean energy strategy, Tata Power will further strengthen its solar manufacturing capabilities by establishing a new 10 GW solar equipment manufacturing facility in Odisha. The proposed project will complement its existing manufacturing base and reinforce domestic renewable energy production.
The company has also expressed its willingness to enter the nuclear power segment as policy reforms create opportunities for private sector participation. Tata Power intends to explore small modular reactors (SMRs), considering them an important component of India's future clean energy mix. Alongside generation expansion, the company plans to strengthen its distribution footprint by pursuing opportunities in states undertaking power distribution reforms and privatisation. With more than 13.1 million distribution customers, Tata Power aims to expand its clean energy solutions portfolio while supporting India's energy transition through diversified investments in renewable energy, advanced manufacturing and next-generation technologies. The company's roadmap reflects its focus on sustainable growth, energy security and the development of future-ready power infrastructure in line with India's evolving energy requirements.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
Partners
