Tata Power has set targets of Rs one trillion (Rs 1 tn) in revenue and Rs 100 billion (Rs 100 bn) in profit after tax by 2030 and aims for a generation capacity of 30 gigawatt (GW). In financial year 2025-26 the company reported revenue of Rs 636.81 bn and a net profit of Rs 52.12 bn. Its generation portfolio has crossed 26 GW including pipeline projects, with 66 per cent classed as clean and green and operational capacity at 16.7 GW.

The firm has earmarked about Rs 1 tn in capital expenditure through 2029-30, with average annual investments of Rs 250 bn over the next four financial years. Tata Power plans to enter the nuclear sector with small modular reactors, noting discussions are underway and that government approval will be required. It will expand solar manufacturing with a new 10 GW project in Odisha and its four point three GW plant in Tirunelveli has been operational for about a year.

On pumped hydropower storage the group reported progress on the 1,000 MW Bhivpuri project and said work on the 1,800 MW Shirawta project is expected to begin soon. Battery energy storage systems are a key focus and Tata Power is working with Tata AutoComp Systems and its battery company on battery packs. The company will continue to expand wind capacity along the western and Tamil Nadu coasts and is considering opportunities between Tamil Nadu and Sri Lanka.

Tata Power has installed more than 200,000 electric vehicle home chargers and its transmission portfolio stands at 7,000 circuit kilometres (ckm), including a pipeline of more than 1,800 ckm and plans to expand beyond 10,000 ckm. In rooftop solar it installed nearly two GW in the last financial year, taking cumulative installations beyond four GW. Its distribution business serves more than 13.1 million (13.1 mn) consumers across seven distribution companies and aggregate technical and commercial losses have been reduced to 15 per cent since the takeover, with Odisha discoms paying dividends.