New Delhi, May 12 (PTI) Tata Power is in discussions with three states over its nuclear power projects, for which it is currently undertaking a feasibility study and expects a detailed project report in the next six months.
The company is also engaged with the Nuclear Power Corporation of India (NPCIL) for its nuclear project plans, the company's CEO & MD Praveer Sinha said in a post-earnings call on Tuesday.
"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," the top company official said in a reply to a question seeking an update on Tata Power's nuclear aspirations.
Tata Power is exploring plans to set up two small modular reactors (SMR) projects of 220 megawatts each.
The CEO said his company is also in discussions with three states to obtain the necessary approvals for water and soil testing activity.
Replying to a question related to curtailment, Sinha said, "In our case, it is at two locations, but in small quantities, where the curtailment is there".
However, he did not disclose any further information on the capacity or location of the project.
Tata Power on Tuesday posted an over 8 per cent rise in consolidated net profit to Rs 1,415.52 crore during the March quarter of FY2025-26, supported by lower expenses.
It had reported a net profit of Rs 1,306.09 crore in the year-ago period, the company said in a stock exchange filing.
During the January-March quarter, the company's total income fell to Rs 15,455.48 crore from Rs 17,446.95 crore in the fourth quarter of FY25.
However, Tata Power trimmed its expenses to Rs 14,876.50 crore in Q4 FY26 from Rs 16,179.77 crore a year ago.
According to the regulatory filing, the company reduced its fuel cost to Rs 1,336.29 crore from Rs 3,720.35 crore in the fourth quarter of FY25.