Tata Power's Nuclear Ambitions: Exploring Small Modular Reactors
Tata Power is advancing its nuclear power projects, collaborating with NPCIL and exploring feasibility studies for small modular reactors. The company plans to finalize project reports in six months and is negotiating necessary approvals with states. Recent financials showed a net profit rise, despite reduced total income.
Tata Power is making strides in nuclear energy, holding talks with three states regarding its nuclear power projects. The company is currently conducting feasibility studies and expects to complete detailed project reports within six months.
Engaging with the Nuclear Power Corporation of India, Tata Power aims to establish two small modular reactor projects, each with a capacity of 220 megawatts. CEO Praveer Sinha highlighted ongoing negotiations for water and soil testing approvals.
Despite uncertainties in project capacities, Tata Power showcased financial resilience with an 8% rise in net profit to Rs 1,415.52 crore during the March quarter of FY2025-26. This came alongside reduced expenses, though total income saw a decrease compared to the previous fiscal period, as reported in a stock exchange filing.
(With inputs from agencies.)
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