Tata Power has set a target to increase its revenue to Rs 1 lakh crore by 2030, which is almost double its current revenue of approximately Rs 60,000 crore. The company also aims to achieve a profit after tax (PAT) of Rs 10,000 crore, compared to Rs 4,200 crore last year.

Tata Power has been consistently improving its performance over the past 20 quarters, providing a strong foundation for future growth. To support its ambitious goals, the company plans to increase its capital expenditure (capex) from Rs 12,000 crore in FY24 to Rs 21,000 crore in FY25, with a further commitment of Rs 25,000 crore annually thereafter.

Additionally, Tata Power aims to raise its earnings before interest, taxes, depreciation, and amortization (EBITDA) from the current range of Rs 14,000-15,000 crore to over Rs 30,000 crore by 2030. These plans were shared during a visit to Tata Power's solar cell and module manufacturing facility in Tirunelveli, Tamil Nadu.