New Delhi: Tata Power is holding discussions with three states for its proposed nuclear power ventures and expects to complete detailed project reports (DPRs) for the projects within the next six months, CEO and Managing Director Praveer Sinha said on Tuesday. The company is evaluating plans to develop two small modular reactor (SMR) projects with a capacity of 220 megawatts each.
Follow Energy Watch on X
Speaking during the company’s post-earnings call, Sinha said Tata Power is currently engaged in feasibility assessments and the preparation of DPRs for the projects.
"We are working on feasibility reports and DPRs...We expect that in the next six months. We will finalise the DPR and go through the process of various approvals," he said while responding to a query on the company’s nuclear power plans.
Sinha added that Tata Power is also coordinating with Nuclear Power Corporation of India Ltd (NPCIL) for its nuclear expansion strategy. The company is simultaneously in discussions with three states to secure approvals related to water and soil testing activities required for the projects, he said.
Replying to another question on renewable energy curtailment, Sinha said the issue was limited in scale for Tata Power. "In our case, it is at two locations, but in small quantities, where the curtailment is there", he said. He did not disclose the capacities or locations of the affected projects.
Follow Energy Watch on LinkedIN
Separately, Tata Power reported an over 8 percent increase in consolidated net profit for the March quarter of FY2025-26, aided by lower expenditure. According to a stock exchange filing, the company posted a consolidated net profit of Rs 1,415.52 crore during the January-March period, compared with Rs 1,306.09 crore in the corresponding quarter a year earlier.
Total income for the quarter declined to Rs 15,455.48 crore from Rs 17,446.95 crore in the year-ago period. The company’s overall expenses fell to Rs 14,876.50 crore in Q4 FY26 from Rs 16,179.77 crore a year ago. Fuel costs declined sharply to Rs 1,336.29 crore during the quarter from Rs 3,720.35 crore in the fourth quarter of FY25, according to the filing.
