Tata Power looking to spend Rs 25,000 cr as capex in FY26; keen to bid for two discoms in UP: CEO

Tata Power plans a Rs 25,000 crore capital expenditure for FY26, with a focus on renewables, generation, and transmission & distribution. The company is also interested in bidding for two Uttar Pradesh discoms and is awaiting legal clarity on nuclear projects before proceeding. Tata Power will prioritize domestic demand before considering exports to the US.