| | MAY 20258CEO Praveer Sinha revealed intentions for the upcoming fiscal year, stating that Tata Power is eager to bid for two discoms in Uttar Pradesh and aims to spend Rs.25,000 crore on capital expenditures (capex) in FY26.He stated that Tata Power is anticipating legal amendments and will move forward in accordance with them on the company's nuclear project plans.In the March quarter of FY25, Tata Power reported a roughly 25 percent increase in consolidated net profit to Rs.1,306.09 crore, driven by robust performance in its core sectors of renewable energy, transmission and distribution, and production.According to him, the company's FY25 capital expenditure of Rs.20,000 crore was exceeded by Rs.16,000 crore due to delays in several transmission and renewable projects.Sinha indicates that Tata Power is expected to build 2.5­2.7 GW of capacity in FY26 after adding 2.3 GW in FY25.Purvanchal Vidyut Vitran Nigam Ltd (PVVNL) and Dakshinanchal Vidyut Vitran Nigam Ltd (DVVNL) are two discoms in Uttar Pradesh that the government is now working to privatize. 42 of Uttar Pradesh's 75 districts are covered by the two discoms.Regarding Tata Power's initiative to access the US, which has increased import taxes on solar modules from China, Vietnam, and Malaysia, Sinha stated that the company has numerous ongoing orders, both internal and from third parties, that must be finished within the next six months. TATA POWER TO SPEND RS.25,000 CRORE AS CAPEX IN FY26IN FOCUSChemco Group, a company specializing in plastic packaging, plans to establish two new facilities in Gujarat, with an investment of Rs 450 crore in collaboration with the Kandoi Group of Industries. Chemco Group and Kandoi Group of Industries have declared a strategic partnership to establish two fully-integrated Greenfield production sites in Vapi and Dahej, Gujarat.The forthcoming units will provide a closed-loop process that covers PET (Polyethylene Terephthalate) bottle collection and cleaning to tape extrusion, weaving, and final bag production, guaranteeing complete traceability, uniform quality, and minimized environmental impact."By transforming everyday PET waste into high-performance industrial packaging, we want to create value not just for businesses, but for communities and the environment," Chemco Group Chairman Ram Saraogi says.Designed to recycle over 10 million PET bottles per day (approximately 3.6 billion annually), the plants will operate entirely on renewable energy and offer a low-carbon alternative to traditional polypropylene and polyethylene packaging.Beyond its environmental goals, the venture is built on a strong foundation of social equity. It is expected to generate over 2,500 direct and indirect jobs across collection, processing, logistics, and manufacturing. CHEMCO GROUP TO LAUNCH NEW PLANTS IN GUJARATIN FOCUSIn matters associated with power distribution businesses) that Uttar Pradesh is privatizing, Sinha stated that the business would look into the possibilityThis partnership brings together two industry leaders with deep technical expertise and a shared commitment to circularity," says Niranjan Agarwal, Managing Director, Kandoi Group of Industries
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