New Delhi, May 14 -- Tata Power is looking to spend Rs.25,000 crore as capital expenditure (capex) in FY26 and the company is also keen to bid for two discoms in Uttar Pradesh, CEO Praveer Sinha said as he shared plans for the new fiscal.

About the company's plans for nuclear projects, he said Tata Power is awaiting legal changes, and will proceed accordingly.

The CEO made the remarks during a post-earnings call on Wednesday.

Tata Power posted a nearly 25 per cent rise in consolidated net profit to Rs.1,306.09 crore in March quarter of FY25, aided by strong performance across core businesses comprising generation, transmission and distribution, and renewables.

When asked about the company's capex plans for FY26, Sinha told PTI, "Capex...