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 Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..