Tata Power's renewable energy division has significantly increased its project execution in the second quarter of the financial year 2027 (Q2 FY27). The company expects to execute more than 2 gigawatts (GW) of renewable energy projects in the second half of FY27, including solar, wind, and battery energy storage systems (BESS).
- Q2 FY27 saw 131.2 megawatt-hours (MWh) of storage projects executed.
- 645 megawatts (MW) of utility-scale projects and 161.2 MWh of storage projects were completed in the first half of FY27.
- Operational portfolio now totals 7.2 GW, including solar, wind, and battery storage.
- More than 2 GW of projects planned for execution in H2 FY27.
- By FY28, total operational capacity expected to reach approximately 12 GW.
What projects did Tata Power complete in the first half of FY27?
During the first half of FY27, Tata Power Renewable Energy Limited (TPREL) successfully commissioned several key projects. These include the 100.8 MW Jewali Wind Project, the Kalasar FDRE Project with 227.5 MW of solar capacity and a 101.2 MWhr Battery Energy Storage System, the 100 MW Kayathar Group Captive Project, and the 72.5 MW Tata Steel Captive Project.
How much renewable energy capacity does Tata Power currently operate?
As of now, Tata Power's utility-scale operational portfolio has grown to 7.2 GW. This includes 5.8 GW of solar power, 1.3 GW of wind power, and 281.2 MWhr of battery storage capacity. The company is actively expanding its renewable energy footprint across various geographies.
What are the expectations for project execution in the second half of FY27?
Tata Power expects to execute over 2 GW of projects in the second half of FY27. This includes 1,075 MW of solar projects, 969 MW of wind projects, and 274 MWhr of battery energy storage systems. Additionally, about 300 MW of third-party projects managed by TPREL are also planned for execution during this period.
What is the outlook for Tata Power's renewable energy capacity in FY28?
In FY28, Tata Power plans to complete approximately 2.6 GW of remaining projects. These consist of 570 MW of solar capacity, 350 MWhr of battery storage, and 1,700 MW of wind power. Completing these projects will increase the overall operational capacity of TPREL to around 12 GW.
How did Tata Power perform financially in Q1 FY27?
Tata Power posted an 11% growth in consolidated net profit, reaching ₹1,176 crore in Q1 FY27 compared to ₹1,060 crore in the same period last year. Revenue from operations increased by 5.6% to ₹19,051 crore. However, the company's operating profit (EBITDA) declined by 3% to ₹4,013 crore, with the EBITDA margin contracting to 21.06% from 22.95% in the previous year.
How have Tata Power's shares performed recently?
As of October 12, 2026, Tata Power shares were trading at ₹342.5 on the National Stock Exchange, showing a slight increase of 0.1%. However, the shares have fallen 5.5% over the past month and declined 16% over the last six months. Since the beginning of the year, the stock price has dropped over 10%. The one-year high was ₹464.90 on April 28, 2026, and the 52-week low was ₹333.60 on October 6, 2026.
Tata Power's market capitalization stood at over ₹1.09 lakh crore as of October 12, 2026.
