 "Tata Power")
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Of the planned Rs 60,000 crore capex, the company aims to spend Rs 15,000-20,000 crore in the current financial year.
Private power producer Tata Power has an ambitious Rs 60,000 crore capital expenditure (capex) plan underway. As it does so, the company has also intensified efforts on debt restructuring and other working capital measures to self-fund its capex.
As of March, Tata Power’s consolidated debt stood at Rs 49,480 crore.
“The company is making a transition to a larger share of renewable energy capacity. It is an established player in power generation and lenders have comfort with its record,” said a senior executive from a public sector bank, adding, “The shift to long-term credit is
First Published: Jul 14 2024 | 1:40 PM IST
