Tata Power Q2 Profit Rises on Renewables and EV Push

13 Nov 2025 CW Team

For H1 FY26, PAT rose 10 per cent to Rs 25.08 billion, revenue increased 4 per cent to Rs 332.33 billion, and EBITDA grew 11 per cent to Rs 79.61 billion.

Business Highlights – Q2 FY26 Renewables

Utility-Scale Growth

Total renewable capacity stands at 5.7 GW (4.7 GW solar, 1 GW wind).

293 MW commissioned in Q2, comprising 111 MW of own projects and 182 MW of third-party EPC.

TPREL signed a major agreement with Suzlon for 838 MW of wind turbine generators across multiple states.

Rooftop Solar

Installed 370 MWp in Q2 FY26.

Now crosses 270,000 installations, with cumulative rooftop capacity exceeding 3.8 GWp.

Segment revenue more than doubled to Rs 11.33 billion, marking 158 per cent year-on-year growth.

Solar EPC & Battery Storage Key wins include:

TPC-D 100 MW/200 MWh BESS (Rs 2.99 billion)

NTPC Khavda 300 MW BOS (Rs 5.21 billion)

First BESPA with NHPC for 30 MW/120 MWh in Kerala

Solar Manufacturing

TP Solar is now recognised in the BNEF Tier-1 list (Aug 2025).

Included in ALMM List II.

EV Charging Infrastructure

5,613 public chargers deployed.

Over 170,000 home charging points installed.

Unveiled India’s largest TATA.ev MegaCharger Hub on World EV Day.

Transmission & Distribution

Six transmission projects totalling over 2,400 Ckm in progress; company on track to exceed 7,000 Ckm by FY28.

Installed 950,000 smart meters in Q2; cumulative installations now exceed 4.1 million across discoms.

Odisha discoms reduced AT&C losses by 1.7 per cent year-on-year.

Launched one-kilowatt rooftop solar adoption scheme under the ULA model.

Thermal & Hydro

IEL commissioned a 15 MW solar plant at Jojobera.

Prayagraj Plant achieved 98 per cent YTD availability, its highest ever.

Mundra plant underwent planned shutdown for overhaul and technical upgrades.

CSR & Sustainability

Tata Power scored 76 in the S&P CSA 2025 ESG Ratings, placing it in the 90th percentile of the Electric Utility sector.

EcoCrew sensitised 300,000 students across 1,016 schools.

Signed an MoU with BNHS for large-scale Miyawaki plantations in the Mulshi Lake catchment.

Won three awards:

ACEF Best Employee Engagement (Climate Crew)

ACEF Innovation for Social Impact (Eco Crew)

Mahatma Award for Digital Transformation Impact (E-Sanidhya)

Tata Power enters the second half of FY26 with a strengthened renewable pipeline, expanding EV infrastructure, and continued operational improvements across T&D, generation, and customer-facing businesses.

Tata Power, one of India’s largest vertically integrated power companies, has reported a Profit After Tax of Rs 12.45 billion, up 14 per cent year-on-year, for the quarter ended 30 September 2025. Revenue rose 3 per cent to Rs 157.69 billion, while EBITDA increased 6 per cent to Rs 40.32 billion in Q2 FY26. For H1 FY26, PAT rose 10 per cent to Rs 25.08 billion, revenue increased 4 per cent to Rs 332.33 billion, and EBITDA grew 11 per cent to Rs 79.61 billion. Business Highlights – Q2 FY26 Renewables Utility-Scale Growth Total renewable capacity stands at 5.7 GW (4.7 GW solar, 1 GW wind). 293 MW commissioned in Q2, comprising 111 MW of own projects and 182 MW of third-party EPC. TPREL signed a major agreement with Suzlon for 838 MW of wind turbine generators across multiple states. Rooftop Solar Installed 370 MWp in Q2 FY26. Now crosses 270,000 installations, with cumulative rooftop capacity exceeding 3.8 GWp. Segment revenue more than doubled to Rs 11.33 billion, marking 158 per cent year-on-year growth. Solar EPC & Battery Storage Key wins include: TPC-D 100 MW/200 MWh BESS (Rs 2.99 billion) NTPC Khavda 300 MW BOS (Rs 5.21 billion) First BESPA with NHPC for 30 MW/120 MWh in Kerala Solar Manufacturing TP Solar is now recognised in the BNEF Tier-1 list (Aug 2025). Included in ALMM List II. EV Charging Infrastructure 5,613 public chargers deployed. Over 170,000 home charging points installed. Unveiled India’s largest TATA.ev MegaCharger Hub on World EV Day. Transmission & Distribution Six transmission projects totalling over 2,400 Ckm in progress; company on track to exceed 7,000 Ckm by FY28. Installed 950,000 smart meters in Q2; cumulative installations now exceed 4.1 million across discoms. Odisha discoms reduced AT&C losses by 1.7 per cent year-on-year. Launched one-kilowatt rooftop solar adoption scheme under the ULA model. Thermal & Hydro IEL commissioned a 15 MW solar plant at Jojobera. Prayagraj Plant achieved 98 per cent YTD availability, its highest ever. Mundra plant underwent planned shutdown for overhaul and technical upgrades. CSR & Sustainability Tata Power scored 76 in the S&P CSA 2025 ESG Ratings, placing it in the 90th percentile of the Electric Utility sector. EcoCrew sensitised 300,000 students across 1,016 schools. Signed an MoU with BNHS for large-scale Miyawaki plantations in the Mulshi Lake catchment. Won three awards: ACEF Best Employee Engagement (Climate Crew) ACEF Innovation for Social Impact (Eco Crew) Mahatma Award for Digital Transformation Impact (E-Sanidhya) Tata Power enters the second half of FY26 with a strengthened renewable pipeline, expanding EV infrastructure, and continued operational improvements across T&D, generation, and customer-facing businesses.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..