Tata Power
388.45
-1.30(-0.33%)
Market Cap₹- Cr
PE Ratio-
IndustryPower
Company Performance:
1D-0.33%
1M-4.93%
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1Y-6.73%
5Y+471.67%
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More news about Tata Power
11Nov 25
Tata Power Engages in Multiple Strategic Initiatives, Including Mundra Plant Discussions
Tata Power plans to acquire a 40% stake in a 1,125 MW Bhutan hydro project for ₹1,572 crore. The company is reviewing coal plant expansion options, increasing solar manufacturing capacity by 10 GW, and discussing power purchase agreements for its Mundra plant. Tata Power is also exploring land acquisition for nuclear projects. These initiatives aim to diversify the company's energy portfolio and strengthen its position in clean energy.
11Nov 25
Tata Power Reports 5% Revenue Growth, Targets 26.3 GW Clean Energy Capacity
Tata Power announced its H1 FY26 financial results, showing a 5% year-over-year revenue increase to ₹64,502 crores. The company plans to expand its total capacity to 26.3 GW, with over 66% from green energy sources. Tata Power aims for net zero emissions by 2045 and water neutrality by 2030. The company also plans to expand its EV charging network to 5,600 points across 620 cities. Future focus areas include grid digitization, battery storage, and green hydrogen.
07Nov 25
Tata Power Invests ₹60 Crore in Bhutan Hydro Power Project, Advancing Clean Energy Strategy
Tata Power has invested ₹60 crore in Bhutan's Khorlochhu Hydro Power Limited (KHPL), as part of a larger ₹830 crore deal to acquire a 40% stake in the 600 MW hydropower project. This investment represents the second installment of the deal. Tata Power subscribed to 60,00,000 equity shares of ₹100 each in KHPL. The transaction aligns with Tata Power's clean energy expansion strategy and does not require Indian governmental or regulatory approvals. KHPL has become an associate company of Tata Power following this investment.
06Nov 25
Tata Power CEO Highlights India's Clean Energy Potential, Calls for Discom Reforms
Praveer Sinha, MD and CEO of Tata Power, discussed India's clean energy sector and power distribution challenges at the SBI Banking and Economics Conclave. He noted India's annual renewable capacity additions have increased from 5-6 gigawatts to nearly 30 gigawatts. Sinha emphasized India's natural advantages for renewable energy production and the economic benefits of clean energy. He also addressed the power distribution sector's issues, including ₹7.00 lakh crore in outstanding dues of discoms, suggesting potential restructuring and reforms such as public-private partnerships or privatization.
17Oct 25
Tata Power Halts Mundra Units Operations Until November 2025
Tata Power has announced the temporary suspension of operations at its Mundra units for technical overhaul, with plans to restart by November 30, 2025. The suspended units contributed ₹11,290.00 crore (17.5%) to the company's FY 2024-25 consolidated turnover of ₹64,502.00 crore. Despite the significant revenue impact, the units represent less than 10% of Tata Power's consolidated net worth. The company cites the need for resolving existing technical issues as the reason for this extensive maintenance period.
08Oct 25
Tata Power Joins Forces with Juniper Green Energy for 70 MW Renewable Project
Tata Power has entered into a partnership agreement with Juniper Green Energy for a 70 MW renewable energy project. This collaboration marks a significant step in expanding their presence in India's growing renewable energy market. The project aligns with India's push towards cleaner energy sources and sustainable development. While specific details about the project's location, technology, and timeline are not disclosed, it is expected to contribute substantially to India's renewable energy capacity.
02Oct 25
Tata Power Renewables Inks 80 MW Clean Energy Deal with Mumbai Distribution Arm
Tata Power Renewable Energy Limited (TPREL) has signed a Power Purchase Agreement with Tata Power Mumbai Distribution for an 80 MW Firm and Dispatchable Renewable Energy project. The project will generate about 315 million units of electricity annually, reducing CO₂ emissions by over 0.25 million tons per year. It integrates solar, wind, and battery storage systems, providing reliable energy during peak demand hours. The project will serve around 800,000 customers in Mumbai and help meet Renewable Purchase Obligations. This addition brings TPREL's total renewable utility capacity to 11.30 GW, with 9.40 GW under PPA.
30Sept 25
Tata Power and VE Commercial Vehicles Join Forces to Boost Electric Commercial Mobility in India
Tata Power EV Charging Solutions Limited (TPEVCSL) and VE Commercial Vehicles Limited (VECV) have formed a strategic partnership to promote electric commercial vehicles in India. TPEVCSL will provide EV charging infrastructure and solutions, while VECV will contribute energy efficiency expertise. The collaboration aims to address challenges like range anxiety and charging infrastructure availability. Tata Power has expanded its EV charging network to over 1.5 lakh home chargers and 5,500+ public charging points across 630+ cities. This partnership is expected to transform India's commercial mobility landscape, focusing on VECV's new Eicher Pro X range of small commercial vehicles.
29Sept 25
Tata Power and VE Commercial Vehicles Join Forces to Boost Electric Commercial Mobility in India
Tata Power EV Charging Solutions Limited (TPEVCSL) has signed an MoU with VE Commercial Vehicles Limited (VECV) to accelerate electric commercial vehicle adoption in India. The partnership will focus on providing charging support for VECV's new Eicher Pro X range of small commercial vehicles. Tata Power will offer its extensive EV charging infrastructure, while VECV will contribute its expertise in energy efficiency for electric trucks and buses. The collaboration aims to address challenges like range anxiety, charging point availability, and operating costs for fleet operators. Tata Power's EV charging network, EZ Charge, includes over 150,000 home chargers and 5,500+ public charging points across 630+ cities and towns.
26Sept 25
Tata Power Renewable Energy Inks MoU with Bank of Baroda to Boost Solar Adoption
Tata Power Renewable Energy Limited (TPREL) has signed an MoU with Bank of Baroda to provide financing for solar projects up to 10 MW for MSME and C&I customers. The partnership offers attractive interest rates from 7.75%, collateral-free loans up to ₹10 crore, and flexible repayment terms. TPREL has completed over 2.49 lakh rooftop solar installations with a capacity exceeding 3.6 GWp. This collaboration aims to simplify solar energy adoption, reduce business costs, and contribute to India's goal of 500 GW renewable energy capacity by 2030.
16Sept 25
Tata Power Renewable Energy Inks 838 MW Wind Turbine Deal with Suzlon
Tata Power Renewable Energy Limited (TPREL) has entered into an agreement with Suzlon Group for 838 MW of wind turbine generators. This marks their third collaboration, supporting TPREL's projects across multiple Indian states. TPREL's wind energy portfolio now exceeds 3.90 GW, with over 1.00 GW operational. The partnership contributes to India's goal of 500 GW renewable energy capacity by 2030 and aligns with Tata Power's aim for 100% clean energy by 2045. Tata Power's total renewable energy portfolio stands at 15.70 GW, with 6.90 GW from clean energy sources.
09Sept 25
Tata Power Unveils India's Largest EV Fast Charging Hub in Mumbai on World EV Day
Tata Power, in collaboration with Tata Passenger Electric Mobility Limited, has inaugurated India's largest TATA.ev fast charger hub in Mumbai. Located near the Chhatrapati Shivaji Maharaj International Airport, the facility can simultaneously charge 16 electric vehicles, featuring eight 120 kW DC fast chargers. The hub operates on 100% green energy and is accessible 24/7 to various EV users. This launch is part of Tata Power's extensive EV charging network, which includes over 5,500 public and captive charging points across 630+ cities in India. The company aims to expand to 10,000 public charging points and 7.5 lakh home chargers by 2030.
11Aug 25
Supreme Court Orders TPDDL to Liquidate Regulatory Assets Within Four Years
The Supreme Court of India has directed Tata Power Delhi Distribution Limited (TPDDL) to liquidate its outstanding Regulatory Assets within four years, starting from April 1, 2024. The Court ruled that Regulatory Assets should only be created under exceptional circumstances, not in normal business conditions. The Delhi State Regulator must provide a detailed roadmap for the liquidation process, which is expected to complete by March 2028. This ruling has significant implications for TPDDL's financial structure and may set a precedent for the power distribution sector across India.
06Aug 25
Tata Power Reports Strong Q1 Results with EBITDA and PAT Growth Despite Power Demand Decline
Tata Power demonstrated robust financial performance in Q1, with notable growth in EBITDA and PAT. The renewable energy sector showed exceptional progress, commissioning a record 652 MW, nearly double the previous year's Q1. Manufacturing operations produced 950 MW of modules and 900 MW of cells. Despite increased capex of Rs. 3,700.00 crores, the company maintained a strong balance sheet. The Odisha distribution business improved after resolving billing issues. The Mundra plant remains under maintenance shutdown, pending a Supplementary Power Purchase Agreement. Tata Power plans to commission 1,600 MW of utility-scale renewable projects in the next three quarters and expects 2.5 GW annual commissioning capacity moving forward.
06Aug 25
Supreme Court Greenlights Tata Power's Electricity Tariff Hike in Delhi
The Supreme Court has granted approval for Tata Power to increase electricity tariffs in Delhi. This decision is expected to significantly impact the company's pricing structure for power distribution in the capital. While the exact details of the tariff increase are not specified, Delhi residents and businesses should anticipate changes in their electricity bills. The ruling highlights the complex regulatory environment in India's power distribution sector, balancing the financial viability of distributors with affordable electricity rates for consumers. This development may influence future regulatory decisions and industry practices in the country's power sector.
05Aug 25
Tata Power Sets Ambitious 2.5-3 GW Renewable Energy Target for FY26
Tata Power plans to execute 2.5-3 GW of renewable energy projects in FY26, following 652 MW completed in Q1. The company allocated Rs 25,000 crore capex, with Rs 3,700 crore already utilized. Tata Power aims to produce 3,700 MW of solar cells and modules in FY26. The solar rooftop segment shows 30-40% annual growth. In Odisha, AT&C losses reduced through meter replacements. Q1 FY26 financial results: Ebitda Rs 3,930 crore (17% YoY growth), Revenue Rs 17,464 crore (4% YoY growth), PAT Rs 1,262 crore (6% YoY growth), marking 23rd consecutive quarter of PAT growth.
04Aug 25
Tata Power's Q1 Profit Surges to ₹1,059 Crore, Revenue Hits ₹18,000 Crore
Tata Power's Q1 financial results show strong performance with consolidated net profit increasing 9.06% to ₹1,059 crore. Revenue grew 4.11% to ₹18,000 crore. EBITDA rose 15.42% to ₹4,139 crore, while EBITDA margin improved by 221 basis points to 22.95%. The company demonstrated improved profitability and operational efficiency amid challenging economic conditions.
01Aug 25
Tata Power Reports Strong Q1 FY26 Results with 6% PAT Growth
Tata Power's Q1 FY26 results show a 6% year-on-year increase in consolidated PAT to ₹1,262.00 crore. Revenue from operations rose 4% to ₹18,035.00 crore, while EBITDA grew 17% to ₹3,930.00 crore. The renewables business saw significant growth with a 95% increase in PAT. The company commissioned 94 MW of renewable energy capacity, achieved record rooftop solar installations, and maintained its leadership in the rooftop solar segment. Tata Power's focus on clean energy expansion and strategic partnerships positions it for continued growth.
24Jul 25
Tata Power Acquires 40% Stake in Bhutan's Khorlochhu Hydro Power for ₹120 Crore
Tata Power has acquired a 40% stake in Khorlochhu Hydro Power Limited (KHPL), a Bhutan-based hydropower company, for ₹120 crore. This investment is part of a larger ₹830 crore plan over five years to develop a 600 MW hydropower project in Bhutan, estimated to cost ₹6,900 crore. KHPL, incorporated in 2015, has a net worth of ₹608 crore but no turnover in the last three years. The acquisition aligns with Tata Power's clean energy transition strategy and complies with SEBI regulations.
22Jul 25
Tata Power Shares Dip as Mundra Plant Halts Operations Amid Policy Change
Tata Power's stock fell 0.57% to ₹399.60 following the shutdown of its Mundra power plant due to the Ministry of Power's decision not to extend Section 11 for imported coal-based plants beyond June 30, 2025. Financial implications include a potential 5-8% reduction in PAT and estimated monthly losses of ₹100-150 crore. Analysts from IIFL, Axis Capital, and JM Financial have commented on the situation, with management hopeful for a permanent resolution to the power purchase agreement with procuring states. Despite this setback, Tata Power's stock has shown resilience with an 11.44% gain over the past six months.
18Jul 25
Tata Power Renewable Energy Secures 120 MWh Battery Storage Deal with NHPC for Kerala
Tata Power Renewable Energy Limited (TPREL) has signed its first Battery Energy Storage Purchase Agreement (BESPA) with NHPC Limited for a 30 MW / 120 MWh battery energy storage system in Kerala. The 12-year agreement, part of NHPC's larger 125 MW / 500 MWh initiative, aims to address peak power demand and enhance grid flexibility. This project increases TPREL's total renewable capacity to 10.9 GW and aligns with India's goal of 500 GW non-fossil fuel capacity by 2030. The system will be commissioned within 15 months, supporting Kerala's renewable energy integration and grid resilience.
04Jul 25
Tata Power's Small Modular Nuclear Reactor Plant: A Long-Term Prospect
Tata Power's Co-Chairman has revealed that the company is exploring Small Modular Nuclear Reactor (SMR) technology as part of its long-term strategy. However, the implementation of this innovative nuclear power solution is expected to take 'several years' before the first plant becomes operational. While no specific timeline has been provided, this move indicates Tata Power's interest in diversifying its energy portfolio with advanced nuclear technologies.
04Jul 25
Tata Power Achieves Milestone: 200,000 Rooftop Solar Installations, Capacity Surges to 3.4 GW in Q1; Chairman Highlights Clean Energy Growth at AGM
Tata Power added 45,500 new rooftop solar installations in Q1, reaching a total of 200,000. This expansion increased their total installed capacity to over 3.4 GW, with 220 MW added in the quarter. At the 106th AGM, the Chairman reported that 65% of their 25+ GW generation portfolio now comes from clean sources. The company also achieved record profits of Rs 5,197 crore, a 26% year-on-year increase, with revenue reaching Rs 64,502 crore.
03Jul 25
Tata Power Sets Ambitious Target of 7.3 GW Renewable Capacity by FY26
Tata Power plans to expand its renewable energy portfolio to 7.3 GW by the end of fiscal year 2026. The strategy includes 5.6 GW of solar energy and 1.7 GW of wind energy capacity. The company has already commissioned projects bringing its total utility-scale capacity to 5.6 GW, with 4.6 GW from solar and 1 GW from wind. In Q1 FY26, Tata Power launched a record 752 MW of solar projects. The expansion aligns with India's goals to increase renewable energy share in its power mix.
03Jul 25
Tata Power Hit with $490 Million Arbitration Ruling in Favor of Kleros Capital Partners
Tata Power has been ordered to pay $490.32 million in damages to Kleros Capital Partners by a Singapore arbitration tribunal. The award includes a 5.33% annual interest and $8.29 million in legal costs. Tata Power is reviewing the award and considering legal options in response to this significant financial obligation.
03Jul 25
Tata Power Faces $490 Million Arbitration Setback, Reports 24% Profit Surge in Q4
Tata Power has been ordered to pay $490.32 million in damages to Kleros Capital Partners Limited following an arbitration ruling. Despite this setback, the company reported robust Q4 financial results with a 24% year-on-year increase in net profit to ₹1,306.10 crore and a 4.08% growth in revenue to ₹17,956.80 crore. The board has recommended a final dividend of ₹2.25 per share. Tata Power's EBITDA grew by 5.81% to ₹3,929.20 crore, and its EPS increased by 16.85% to ₹3.26.
02Jul 25
Tata Power Hit with $498.6 Million Arbitration Decision in Kleros Case
Tata Power is confronting a significant financial challenge following a $498.6 million (₹4,138.00 crore) arbitration ruling in the Kleros case. The company is examining its legal options and considering contesting the decision. This substantial sum could potentially impact Tata Power's financial outlook, balance sheet, and future strategic decisions if upheld. The specifics of the case and the nature of the dispute remain undisclosed. Stakeholders and investors are closely monitoring the situation for further developments and the company's next steps.
26Jun 25
Tata Power: Tariff Reduction and Expansion Plans in Maharashtra
Tata Power will reduce electricity tariffs for its Maharashtra consumers by 26% over five years, with an immediate 10% cut. The company is also seeking licenses to distribute electricity in various parts of Maharashtra, including Mumbai, Pune, Sambhaji Nagar, and Nashik, following recent amendments to the Electricity Act.
19Jun 25
Tata Power Announces Rs 2.25 Per Share Dividend; Last Day to Buy Shares Today
Tata Power has declared a dividend of Rs 2.25 per share for the fiscal year 2025. The last date to buy shares and qualify for the dividend is June 19, with the record date set for June 20. The total dividend payout amounts to Rs 718.00 crore. This announcement follows Tata Power's strong Q4 FY2025 performance, with a consolidated net profit of Rs 1,043.00 crore, marking a 17% year-on-year increase.
12Jun 25
Tata Power Sets Sights on Pumped Hydro and Hydro Projects for Future Growth
Tata Power announces a strategic shift towards pumped hydro and hydro projects, emphasizing its commitment to expanding its renewable energy portfolio. The company also expresses confidence in identifying future opportunities for electricity evacuation and distribution. This move aims to diversify Tata Power's renewable mix, address energy storage challenges, improve grid stability, and capture value across the power sector value chain.
09Jun 25
Tata Power's Solar Arm Achieves 4 GW Milestone in Module Production
Tata Power's solar division, TP Solar, has achieved a significant milestone by producing over 4 GW of solar modules at its facility in Tamil Nadu. This achievement strengthens Tata Power's position in the renewable energy market and contributes to India's growing solar energy capacity. The Tamil Nadu facility's production capabilities demonstrate Tata Power's technological and manufacturing prowess in the renewable energy sector. This milestone aligns with India's ambitious renewable energy goals and supports the country's transition towards a greener energy landscape.
29May 25
Tata Power Appoints S Padmanabhan as New Chairman
Tata Power has named S Padmanabhan as the new chairman of its board of directors, effective January 4, 2017. Padmanabhan, who was appointed as an Additional Director on December 16, 2016, was swiftly elevated to the chairman position in less than a month. This leadership change comes at a crucial time for Tata Power as it navigates challenges and opportunities in India's evolving energy sector.
17May 25
Tata Power Sets Ambitious EBITDA Growth Target, Expands Clean Energy Portfolio
Tata Power announced plans to achieve a 15-17% CAGR in EBITDA over the next 2-3 years. Q4 EBITDA increased 14% YoY to Rs 3,829 crore. The company's clean energy portfolio now includes 25.7 GW total capacity, with 9.9 GW in clean energy projects. Odisha Discoms' Q4 profit surged three-fold YoY. Rooftop solar order book expanded 25% YoY to Rs 1,036 crore. Solar manufacturing capacity expected to exceed 3,700 MW. Q4 FY2024 saw revenue growth of 4.08% to Rs 17,956.80 crore, and net profit increase of 24.91% to Rs 1,306.10 crore.
15May 25
Tata Power Forecasts 5% Power Demand Growth, Eyes Doubling Rooftop Business by FY '26
Tata Power anticipates a 5% growth in power demand for the current fiscal year. The company plans to nearly double its rooftop solar business by FY 2026, leveraging the government's PM Surya Ghar Project. This expansion aligns with India's goals for increasing renewable energy capacity and reducing carbon emissions.
15May 25
Tata Power's Q4 FY25 Net Profit Surges 25%, Plans Rs 25,000 Crore Capex
Tata Power announced strong Q4 FY25 results with a 25% increase in consolidated net profit to ₹1,306 crore and an 8% rise in revenue to ₹17,096 crore. The board recommended a final dividend of ₹2.25 per equity share. CEO Praveer Sinha revealed plans for ₹25,000 crore capex in FY26 and interest in bidding for two Uttar Pradesh power distribution companies.
14May 25
Tata Power Unveils Ambitious Growth Strategy with Significant Capex Boost
Tata Power announces a significant increase in capital expenditure, rising from ₹16,000 crore in FY25 to ₹25,000 crore in FY26, a 56.25% year-on-year increase. The company reported strong financial performance in FY2024 with revenue of ₹63,272.30 crore and net profit of ₹4,280.10 crore. Tata Power is expanding across various energy sectors, including renewables, nuclear, and thermal power. The company sees no slowdown in renewable energy project additions and is awaiting government notification on nuclear power initiatives.
14May 25
Tata Power: ₹25,000 Crore Capex Plan for FY26, Declares Dividend, Reports 17% Q4 Profit Growth
Tata Power has declared a final dividend of ₹2.25 per share for FY2025, with a record date of June 20, 2025. The company reported a 17% increase in Q4 FY2025 consolidated net profit to ₹1,043.00 crore. Annual revenue for FY2025 reached ₹63,272.30 crore, up 11.89% year-over-year. Tata Power unveiled a ₹25,000 crore capex plan for FY26, with 50% allocated to renewables. The company plans to add 2.5-2.7 GW capacity in FY26 and is exploring expansion in power distribution and nuclear energy sectors.
14May 25
Tata Power Reports Strong Q4 FY23 Results, Announces Strategic Plans
Tata Power reported a 16.5% year-over-year increase in consolidated net profit for Q4 FY23, reaching ₹10.43 billion. Revenue grew by 7.5% to ₹170.96 billion. The company announced a final dividend of ₹2.25 per share. Strategic updates include plans to bid for Uttar Pradesh discom privatization and a gradual transition away from thermal power portfolio by 2045.
14May 25
Tata Power: Q4 Profit Surges 25%, Revenue Grows 8%, Dividend Announced
Tata Power's Q4 FY2025 results show impressive growth with net profit rising 25% to Rs 1,306.00 crore and revenue increasing 8% to Rs 17,096.00 crore year-on-year. The company has recommended a final dividend of Rs 2.25 per share. The Annual General Meeting is scheduled for July 4, 2025, with the record date set for June 20, 2025.
12May 25
Tata Power Sets Date for Q4 and FY25 Results Announcement
Tata Power will disclose its Q4 and FY2025 financial results on May 14, 2025. The board meeting on the same day will approve results and consider dividend declaration. An earnings call is scheduled for 6:00 PM. The trading window for designated persons is closed from March 25, 2025, until 48 hours post-result announcement.
22Apr 25
Tata Motors Partners with Tata Power Renewable Energy for 131 MW Hybrid Project
Tata Motors has announced a partnership with Tata Power Renewable Energy to develop a 131 MW wind-solar hybrid project. This collaboration demonstrates the Tata Group's commitment to sustainability and renewable energy. The project highlights intra-group synergy, diversification beyond automotive, and a focus on energy security. While specific details are undisclosed, this move aligns with global trends in reducing carbon footprints in industrial operations and may influence other automotive companies to invest in similar initiatives.
21Apr 25
Tata Motors and Tata Power Join Forces for Massive 131 MW Wind-Solar Hybrid Project
Tata Motors and Tata Power Renewable Energy have announced a partnership to develop a 131 MW wind-solar hybrid project. This collaboration marks a significant step in corporate adoption of sustainable energy solutions, leveraging Tata Motors' commitment to sustainability and Tata Power's renewable energy expertise. The project aims to reduce Tata Motors' reliance on conventional power sources and contribute to India's renewable energy goals. This partnership showcases the synergies within the Tata Group and sets a precedent for inter-company cooperation on large-scale sustainable initiatives.
15Apr 25
Tata Power Subsidiary Inks 200 MW Power Purchase Agreement with NTPC, Boosting Renewable Capacity to 10.9 GW
Tata Power Renewable Energy Limited (TPREL) has signed a Power Purchase Agreement with NTPC Limited for a 200 MW Firm and Dispatchable Renewable Energy Project. The ₹4,500 crore project will combine solar, wind, and battery storage technologies, generating 1,300 million units of electricity annually and reducing over 1 million tons of CO₂ emissions per year. This agreement increases TPREL's total renewable utility capacity to 10.9 GW, with 5.50 GW operational and 5.40 GW under implementation. The project, to be completed within 24 months, will provide 4-hour peak power supply with 90% availability during peak demand hours.
14Apr 25
Tata Power Renewable Energy Boosts Clean Energy Portfolio with 200 MW NTPC Deal, Reaching 10.9 GW Capacity
Tata Power Renewable Energy Limited (TPREL) has signed a Power Purchase Agreement with NTPC Limited for a 200 MW Firm and Dispatchable Renewable Energy Project. The project will generate approximately 1,300 million units of electricity annually and mitigate over 1 million tons of CO₂ emissions per year. It will be completed within 24 months using a mix of solar, wind, and battery energy storage systems. This agreement expands TPREL's total renewable utility capacity to 10.9 GW, with 5.5 GW operational and 5.4 GW under implementation. The project aims to provide 4 hours of peak power supply with at least 90% availability during peak demand hours.
07Apr 25
Tata Power Unveils Ambitious 100 MW Battery Storage Project to Bolster Mumbai's Power Infrastructure
Tata Power announces plans to install a 100 MW Battery Energy Storage System (BESS) across 10 locations in Mumbai over two years. Approved by MERC, the project aims to enhance grid resilience, manage peak loads, optimize costs, support infrastructure, integrate renewable energy, and provide advanced monitoring. The system will feature black start functionality, high ramp-rate capability, and three-layer safety measures. This initiative is expected to transform Mumbai's power distribution and management, supporting Tata Power's goal of carbon neutrality before 2045.
07Mar 25
Tata Power's Renewable Arm Inks Massive 7,000 MW Clean Energy Deal with Andhra Pradesh
Tata Power Renewable Energy Limited (TPREL) has signed an MoU with the Andhra Pradesh government to develop up to 7,000 MW of renewable energy projects. The agreement involves an estimated investment of ₹49,000 crore and includes solar, wind, and hybrid energy solutions. This initiative aligns with Andhra Pradesh's Integrated Clean Energy Policy and India's national sustainability goals. The project is expected to boost the local economy, create jobs, and enhance skills in the renewable energy sector. TPREL will conduct feasibility studies and assessments, with support from the New and Renewable Energy Development Corporation of Andhra Pradesh.
28Feb 25
Tata Power's Solar Arm Secures ₹632 Crore Contract, Boosting India's Clean Energy Goals
TP Solar Limited, a subsidiary of Tata Power, has won a ₹632 crore contract from the Solar Energy Corporation of India (SECI) to supply 292.5 MWp of Domestic Content Requirement solar modules. The project, part of the CPSU Scheme Tranche-III, will be delivered to Ramagiri, Andhra Pradesh between October 2025 and January 2026. This contract aligns with India's 'Aatmanirbhar Bharat' vision and enhances domestic solar manufacturing capabilities. Tata Power's renewable portfolio now comprises 43% of its total 15.6 GW capacity, reinforcing its commitment to clean energy and India's energy transition goals.
27Feb 25
Tata Power's Solar Arm Secures ₹632 Crore Contract, Boosting India's Clean Energy Goals
TP Solar Limited, a subsidiary of Tata Power, has won a ₹632 crore contract from the Solar Energy Corporation of India (SECI) to supply 292.5 MWp of Domestic Content Requirement solar modules. The project, part of the CPSU Scheme Tranche-III, will be delivered to Ramagiri, Andhra Pradesh between October 2025 and January 2026. This contract represents a significant portion of a larger 400 MWp tender by SECI and highlights Tata Power's growing presence in India's renewable energy sector. Tata Power currently has a total power generation capacity of 15.6 GW, with 6.7 GW (43%) coming from clean energy sources.
27Feb 25
Tata Power Inks ₹30,000 Crore Deal with Assam for Massive Renewable Energy Push
Tata Power has signed an MOU with the Assam government to develop 5000 MW of renewable energy projects in the state. The company plans to invest ₹30,000 crore, creating approximately 3,000 jobs. The project aims to expand rooftop solar installations and contribute to Assam's sustainable development and energy security. This initiative marks a significant expansion of Tata Power's renewable energy portfolio and aligns with India's national climate goals.
25Feb 25
Tata Power Inks Landmark ₹30,000 Crore Green Energy Deal with Assam Government
Tata Power signed an MoU with the Assam government to develop 5,000 MW of renewable energy projects over five years, investing ₹30,000 crore. The agreement covers solar, wind, hydro, and energy storage solutions. The state will provide 20,000 acres of land, infrastructure support, and incentives. The project aims to create 3,000 jobs and includes skill development programs. Tata Power Renewable Energy Limited also signed an MoU to expand rooftop solar projects under the PMSGY scheme.
25Feb 25
Tata Power's Credit Outlook Brightens as Moody's Revises Rating Stance
Moody's Investors Service has revised Tata Power Company Limited's outlook from stable to positive while affirming its Ba1 rating. This change reflects an improvement in Tata Power's credit profile and suggests potential for a future rating upgrade. The positive outlook is likely to boost investor confidence and may lead to better access to capital markets for the company. This development is significant given the challenges faced by India's power sector and indicates Tata Power's resilience in a dynamic market environment.
21Feb 25
Tata Power Accelerates India's Green Energy Transition with AWS Partnership
Tata Power has partnered with Amazon Web Services (AWS) to modernize India's energy infrastructure. The company has migrated 23 critical applications to AWS, enhancing scalability and efficiency across power generation, renewables, grid management, sales, and finance. This collaboration leverages cloud computing, AI, and IoT technologies to create data lakes for power generation and renewables. The partnership aims to improve grid resilience, operational efficiency, and consumer empowerment in energy management. Key innovations include AI-driven predictive maintenance, smart IoT integration for grid operations, and personalized energy solutions for consumers.
20Feb 25
Tata Power Teams Up with AWS to Spearhead Smart Energy Revolution in India
Tata Power has announced a partnership with Amazon Web Services (AWS) to accelerate India's transition to a smarter, more sustainable energy ecosystem. The collaboration leverages AWS's cloud computing, AI, and IoT technologies to enhance Tata Power's energy services. Key initiatives include cloud migration of critical applications, establishment of specialized data lakes, AI-powered analytics for predictive maintenance and grid optimization, and adoption of serverless architecture. This digital transformation aims to improve outage detection, grid stability, and provide personalized energy recommendations while driving cost savings and reliability for consumers and businesses.
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