Tata Power steps up efforts to rejig debt, working capital measures

Tata Power, with an ambitious Rs 60,000-crore capital expenditure (capex) plan, has also intensified efforts to change debt structures and pursue other working capital measures to self-finance capex.

As of March 2024, 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 record,” said a senior executive from a public sector bank

He added, “The shift to long-term credit is also a reflection of the interest rate cycle where there is expectation of easing