Tata Power invests $750 billion in green energy

11 Jul 2022 CW Team

Tata Power, with a pragmatic approach, plans to invest $750 billion in renewable energy over the next five years to achieve a net-zero carbon target. By adding 707 MW of renewable capacity in 2021-22 (FY22), it will spend $100 billion in 2022-23 (FY23), bringing the total capital expenditure during the fiscal year to $140 billion.

At the company’s 103rd annual general meeting, Chandrasekaran, Chairman of Tata Sons, stated that the company has seen a 34% increase in its green portfolio and aims to increase this to 60% in the next five years.

As India accelerates its transition to green energy, green energy players such as Reliance Industries and Adani Enterprises have made significant investments in the renewable energy sector. Tata Power Managing Director Praveer Sinha stated that the company would transition away from investing in coal-based power units in order to achieve net-zero carbon emissions by 2050, which was then pushed back to 2045.

In order to achieve this goal, the company has invested Rs 30 billion in the establishment of a 4 GW solar cell and module manufacturing capacity in Tamil Nadu. The company also had a Rs 130 billion order book for solar energy, as well as a focus on growing consumer-centric and new-age energy solutions, said Chandrasekaran.

Also Read:
Tata Power & Tata Motor collaborates to build 7 MWp solar project in Pune..
Delhi's IGI Airport to be net-zero carbon emission airport by 2030
India relieves rules to allow easy transition to green energy

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..