Praveer Sinha, the CEO and MD of Tata Power, stated on Wednesday that the business is considering the development of small modular reactors as part of its intentions to enter the nuclear market and is now purchasing land parcels in various states.
Tata Power Explores Small Modular Reactors (SMRs)
We are considering small modular reactors, or SMRs. In terms of capital expenses per megawatt, SMRs are highly costly. Second, the private sector in India has little expertise with these kinds of power facilities.
Therefore, we will undoubtedly be considering small size, and some technological players, such as NPCIL and some international partners, will be considered. We are having a thorough conversation to comprehend technology and the range of services we can provide,” Sinha stated on a conference call.
Land Evaluation Across Three States
In order to finalize the land within the next six to twelve months, the corporation is currently evaluating the possibilities in three states.
“We are still investigating in nuclear. The Act has been amended, but there are still many laws, regulations, specifics, and approvals needed to establish nuclear power facilities. Thus, we are awaiting further information,” Sinha stated.
Collaboration With Government and International Partners
Therefore, in order to comprehend some of these issues, we must continuously interact with the government, the Department of Atomic Energy, and NPCIL. We will undoubtedly begin implementing these projects as soon as we get more clarity,” he stated.
Speaking about the recently announced India-US trade agreement, Sinha stated that it will create numerous opportunities, such as collaborating with US businesses on nuclear and renewable energy technologies. Additionally, the business will be looking at prospects in the thermal market.
Financial Performance Highlights Q3FY26
In comparison to Rs 1,188 crore in the same time of the previous fiscal year, the company declared an after-tax profit of Rs 1,194 crore for the third quarter of fiscal year 2025–2026 on Wednesday.
With industry-leading utilization levels and yields, the company’s solar cell and module manufacturing output during the reviewed quarter was 962 MW and 990 MW, respectively.
Tata Power Solar Rooftop Expansion
Between April and December, Tata Power Solar’s rooftop added 1 GWp capacity and 1.7 lakh new customers. In Q3FY26, the firm saw 58,476 installations and a 372 MWp capacity addition, expanding its cumulative base above 3 lakh customers and 4 GW+ installed capacity.
According to the business, Tata Power’s Odisha discoms maintained their excellent operational performance, with AT&C loss declining by 1.9%.
🏗 Tata Power SMR Land Evaluation
- Purpose: Identify sites for small modular reactors (SMRs)
- States: 3 under evaluation
- Partners: NPCIL & international technology providers
- Timeline: Land finalization in 6–12 months
- Focus: Nuclear & renewable energy expansion
☀️ Tata Power Solar Growth Highlights
- Rooftop Addition: 1 GWp (Apr–Dec)
- New Customers: 1.7 lakh
- Installations: 58,476 in Q3FY26
- Total Capacity: 4 GW+ installed
- Operational Efficiency: Odisha discom AT&C loss down 1.9%
Frequently Asked Questions
1. What is Tata Power SMR project?
Tata Power SMR project involves the development of small modular reactors to enter India’s nuclear energy market, partnering with NPCIL and international technology providers.
2. Which states are being evaluated for SMR sites?
The company is currently evaluating land parcels in three states, with finalization expected in 6–12 months.
3. How is Tata Power financing these projects?
While capital expenses for SMRs are high, Tata Power plans to consider small-sized projects with technological partnerships to manage investment efficiently.
4. What opportunities arise from the India-US trade agreement?
The agreement opens avenues for collaboration with US businesses on nuclear and renewable energy technologies, enhancing growth prospects.
5. How is Tata Power performing financially?
For Q3FY26, Tata Power declared an after-tax profit of Rs 1,194 crore, slightly higher than Rs 1,188 crore in the previous fiscal period.
