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  • Ampere and Muthoot Capital Forge Partnership to Accelerate EV Adoption Across Bharat

    Ampere, the E2W brand of Greaves Electric Mobility Limited (“GEML”), with portfolio of record-breaking electric scooters, announced a partnership with Muthoot Capital Services one of India’s most trusted retail NBFCs. The partnership is aimed to make electric mobility ownership more accessible and affordable across India and help accelerate EV adoption. This will also offer customers convenient, flexible and customer-centric retail financing solutions for Ampere’s complete range of electric two-wheelers.

    The partnership is designed to bridge affordability barriers by offering financing solutions tailored to diverse income profiles and mobility needs. Flexible repayment options of the collaboration are expected to broaden access to electric mobility by making ownership more convenient, affordable and financially sustainable for EV buyers, salaried professionals, self-employed individuals, gig workers or small business owners.

    Speaking on the partnership, Manoj M. P., Chief Business Officer, Greaves Electric Mobility, said, “At Ampere, our focus has always been on making mobility accessible, affordable and practical for every Indian customer. Financing plays a very crucial role in this journey, especially in supporting EV buyers. Our partnership with Muthoot Capital Services Ltd. brings together trusted and our growing electric two-wheeler portfolio to offer seamless and customer-centric ownership solutions. Together, we aim to remove financial barriers, empower customers with greater choice and convenience, and accelerate the adoption of clean mobility across Bharat.”

    Mr. Mathews Markose, CEO, Muthoot Capital Services Ltd., said, “At Muthoot Capital, our purpose has always been to make mobility financing accessible, responsible, and inclusive for every Indian. As the country transitions towards cleaner and more sustainable transportation, financing will play a pivotal role in accelerating EV adoption beyond metropolitan cities and into the heart of Bharat. Our partnership with Ampere brings together Ampere and Muthoot, two trusted brands, with a shared vision of democratizing access to electric mobility.

    With our deep understanding of retail financing, extensive customer reach, and technology enabled lending capabilities, we are committed to delivering seamless, transparent, and affordable financing solutions that empower customers to embrace electric mobility with confidence. This collaboration is not merely about financing vehicles, it is about enabling aspirations, supporting livelihoods, and contributing meaningfully to India’s sustainable mobility journey. We believe this partnership will create long-term value for customers, dealers, and the broader EV ecosystem while reinforcing our commitment to responsible growth and innovation.”

  • Tata Power Reports INR 1,401 Crore PAT in Q1 FY27, Revenue Rises 8%

    Tata Power Reports INR 1,401 Crore PAT in Q1 FY27, Revenue Rises 8%

    Tata Power, one of India’s largest vertically integrated power companies, reported a Profit after Tax (PAT) of ₹ 1,401 crore, up 11 % YoY, for the first quarter ended June 30, 2026. The Company’s revenue grew to ₹ 18,898 crore, up 8% YoY; while EBITDA rose to ₹ 4,249 crore, up 8% YoY.

    The Company has commenced FY27 on a strong footing, with the first quarter reflecting solid execution across its businesses and reinforcing the strategic priorities that will drive the next phase of growth.

    As green energy adoption accelerates, Tata Power is strategically investing across the value chain from domestic manufacturing and large-scale renewable development to cross-border clean energy partnerships and energy storage solutions. The Company is building capabilities that enhance grid flexibility and reliability through a combination of pumped hydro storage, battery energy storage systems and hybrid energy solutions. These efforts are pioneering dependable clean energy access for commercial, industrial and residential consumers.

    The company reported a steady financial performance in Q1 FY27, with consolidated revenue increasing by 8% year-on-year to ₹18,898 crore, compared to ₹17,464 crore in Q1 FY26. EBITDA also grew by 8% to ₹4,249 crore, up from ₹3,930 crore in the corresponding quarter last year, reflecting consistent operational performance. Reported Profit After Tax (PAT) rose by 11% year-on-year to ₹1,401 crore, compared to ₹1,262 crore in Q1 FY26, demonstrating continued profitability and resilient earnings growth.

    Dr. Praveer Sinha, CEO and Managing Director, Tata Power, said: “India’s energy sector is entering its next phase of transformation where the focus is shifting to delivering reliable, round-the-clock clean energy. At Tata Power, we have positioned ourselves ahead of this curve through our integrated and bundled supply of RTC Renewable power though solar, wind, battery storage and pumped storage projects. This quarter marks several strategic milestones that will shape our next phase of growth. With more than ₹5,000 crore deployed towards capex during Q1, we have begun FY27 with a strong project implementation roadmap. The return of Mundra to full operations, industry leading solar rooftop growth and deepening cross-border energy partnerships further reinforce our position as a leading integrated power company.”

    Business Highlights – Q1 FY27

    Generation

    • Traditional Generation demonstrated strong operational performance and resilience while maintaining minimal to zero forced outages during the Quarter. The average availability stood at robust 96.2%.
    • Tata Power continues to make significant engineering progress across the Bhutan hydropower projects-Khorlochhu and Dorjilung.
    • At the 1,000 MW Bhivpuri Pumped Storage Project, the upper reservoir has been constructed and Civil, Electro-Mechanical, Hydro-Mechanical and GIS packages awarded & works are progressing well.

    Renewables

    • The cluster posted strong performance as quarter EBITDA increased 8% YoY to ₹ 1,696 crore from ₹ 1,567 crore in Q1 FY26 driven by capacity additions, higher sales from Solar Manufacturing & Rooftop solar
    • Total renewable portfolio at 12.0 GW, of which 6.7 GW operational (5.4 GW solar, 1.3 GW wind) and 5.3 GW under implementation.
    • Commissioned Ladakh’s first commercial rooftop solar project, a 50 kWp system in Leh, marking the region’s entry into distributed clean energy.
    • Commissioned the 100.8 MW Jewali Wind Project in Dharashiv, Maharashtra, generating ~299 million units annually and supplying clean power to Tata Power Mumbai Distribution
    • Rooftop Business expands its addressable market with complete solar solutions (Solar plus Battery). The order book stands at ₹639 crore.

    Transmission & Distribution

    • Announced plans to upgrade Mumbai’s Transmission and Distribution network by 2031, including a 400 kV ring network to serve data centres and metro lines.
    • Tata Power Delhi Distribution Limited crosses 10,000 Rooftop Solar installations in Delhi creating 160 MWp of distributed clean energy.

    Electric Mobility

    • Commissioned ultra-fast charging stations with Indian Oil on the Delhi–Mumbai Expressway (63rd and 69th Milestones, Haryana)
    • Signed an MoU with Varanasi Smart City to expand EV charging across transit hubs, parking areas and tourist sites
    • Tata Power and Tata Passenger Electric Mobility Limited (TPEM) inaugurated Telangana’s first high-speed Tata.ev MegaCharger hub in Hitech City, Hyderabad.

  • Tata Power Reports INR 1,401 Crore PAT in Q1 FY27, Revenue Rises 8%

    Tata Power Reports INR 1,401 Crore PAT in Q1 FY27, Revenue Rises 8%

    Tata Power, one of India’s largest vertically integrated power companies, reported a Profit after Tax (PAT) of ₹ 1,401 crore, up 11 % YoY, for the first quarter ended June 30, 2026. The Company’s revenue grew to ₹ 18,898 crore, up 8% YoY; while EBITDA rose to ₹ 4,249 crore, up 8% YoY.

    The Company has commenced FY27 on a strong footing, with the first quarter reflecting solid execution across its businesses and reinforcing the strategic priorities that will drive the next phase of growth.

    As green energy adoption accelerates, Tata Power is strategically investing across the value chain from domestic manufacturing and large-scale renewable development to cross-border clean energy partnerships and energy storage solutions. The Company is building capabilities that enhance grid flexibility and reliability through a combination of pumped hydro storage, battery energy storage systems and hybrid energy solutions. These efforts are pioneering dependable clean energy access for commercial, industrial and residential consumers.

    The company reported a steady financial performance in Q1 FY27, with consolidated revenue increasing by 8% year-on-year to ₹18,898 crore, compared to ₹17,464 crore in Q1 FY26. EBITDA also grew by 8% to ₹4,249 crore, up from ₹3,930 crore in the corresponding quarter last year, reflecting consistent operational performance. Reported Profit After Tax (PAT) rose by 11% year-on-year to ₹1,401 crore, compared to ₹1,262 crore in Q1 FY26, demonstrating continued profitability and resilient earnings growth.

    Dr. Praveer Sinha, CEO and Managing Director, Tata Power, said: “India’s energy sector is entering its next phase of transformation where the focus is shifting to delivering reliable, round-the-clock clean energy. At Tata Power, we have positioned ourselves ahead of this curve through our integrated and bundled supply of RTC Renewable power though solar, wind, battery storage and pumped storage projects. This quarter marks several strategic milestones that will shape our next phase of growth. With more than ₹5,000 crore deployed towards capex during Q1, we have begun FY27 with a strong project implementation roadmap. The return of Mundra to full operations, industry leading solar rooftop growth and deepening cross-border energy partnerships further reinforce our position as a leading integrated power company.”

    Business Highlights – Q1 FY27

    Generation

    • Traditional Generation demonstrated strong operational performance and resilience while maintaining minimal to zero forced outages during the Quarter. The average availability stood at robust 96.2%.
    • Tata Power continues to make significant engineering progress across the Bhutan hydropower projects-Khorlochhu and Dorjilung.
    • At the 1,000 MW Bhivpuri Pumped Storage Project, the upper reservoir has been constructed and Civil, Electro-Mechanical, Hydro-Mechanical and GIS packages awarded & works are progressing well.

    Renewables

    • The cluster posted strong performance as quarter EBITDA increased 8% YoY to ₹ 1,696 crore from ₹ 1,567 crore in Q1 FY26 driven by capacity additions, higher sales from Solar Manufacturing & Rooftop solar
    • Total renewable portfolio at 12.0 GW, of which 6.7 GW operational (5.4 GW solar, 1.3 GW wind) and 5.3 GW under implementation.
    • Commissioned Ladakh’s first commercial rooftop solar project, a 50 kWp system in Leh, marking the region’s entry into distributed clean energy.
    • Commissioned the 100.8 MW Jewali Wind Project in Dharashiv, Maharashtra, generating ~299 million units annually and supplying clean power to Tata Power Mumbai Distribution
    • Rooftop Business expands its addressable market with complete solar solutions (Solar plus Battery). The order book stands at ₹639 crore.

    Transmission & Distribution

    • Announced plans to upgrade Mumbai’s Transmission and Distribution network by 2031, including a 400 kV ring network to serve data centres and metro lines.
    • Tata Power Delhi Distribution Limited crosses 10,000 Rooftop Solar installations in Delhi creating 160 MWp of distributed clean energy.

    Electric Mobility

    • Commissioned ultra-fast charging stations with Indian Oil on the Delhi–Mumbai Expressway (63rd and 69th Milestones, Haryana)
    • Signed an MoU with Varanasi Smart City to expand EV charging across transit hubs, parking areas and tourist sites
    • Tata Power and Tata Passenger Electric Mobility Limited (TPEM) inaugurated Telangana’s first high-speed Tata.ev MegaCharger hub in Hitech City, Hyderabad.

  • Tata Power Reports INR 1,401 Crore PAT in Q1 FY27, Revenue Rises 8%

    Tata Power Reports INR 1,401 Crore PAT in Q1 FY27, Revenue Rises 8%

    Tata Power, one of India’s largest vertically integrated power companies, reported a Profit after Tax (PAT) of ₹ 1,401 crore, up 11 % YoY, for the first quarter ended June 30, 2026. The Company’s revenue grew to ₹ 18,898 crore, up 8% YoY; while EBITDA rose to ₹ 4,249 crore, up 8% YoY.

    The Company has commenced FY27 on a strong footing, with the first quarter reflecting solid execution across its businesses and reinforcing the strategic priorities that will drive the next phase of growth.

    As green energy adoption accelerates, Tata Power is strategically investing across the value chain from domestic manufacturing and large-scale renewable development to cross-border clean energy partnerships and energy storage solutions. The Company is building capabilities that enhance grid flexibility and reliability through a combination of pumped hydro storage, battery energy storage systems and hybrid energy solutions. These efforts are pioneering dependable clean energy access for commercial, industrial and residential consumers.

    The company reported a steady financial performance in Q1 FY27, with consolidated revenue increasing by 8% year-on-year to ₹18,898 crore, compared to ₹17,464 crore in Q1 FY26. EBITDA also grew by 8% to ₹4,249 crore, up from ₹3,930 crore in the corresponding quarter last year, reflecting consistent operational performance. Reported Profit After Tax (PAT) rose by 11% year-on-year to ₹1,401 crore, compared to ₹1,262 crore in Q1 FY26, demonstrating continued profitability and resilient earnings growth.

    Dr. Praveer Sinha, CEO and Managing Director, Tata Power, said: “India’s energy sector is entering its next phase of transformation where the focus is shifting to delivering reliable, round-the-clock clean energy. At Tata Power, we have positioned ourselves ahead of this curve through our integrated and bundled supply of RTC Renewable power though solar, wind, battery storage and pumped storage projects. This quarter marks several strategic milestones that will shape our next phase of growth. With more than ₹5,000 crore deployed towards capex during Q1, we have begun FY27 with a strong project implementation roadmap. The return of Mundra to full operations, industry leading solar rooftop growth and deepening cross-border energy partnerships further reinforce our position as a leading integrated power company.”

    Business Highlights – Q1 FY27

    Generation

    • Traditional Generation demonstrated strong operational performance and resilience while maintaining minimal to zero forced outages during the Quarter. The average availability stood at robust 96.2%.
    • Tata Power continues to make significant engineering progress across the Bhutan hydropower projects-Khorlochhu and Dorjilung.
    • At the 1,000 MW Bhivpuri Pumped Storage Project, the upper reservoir has been constructed and Civil, Electro-Mechanical, Hydro-Mechanical and GIS packages awarded & works are progressing well.

    Renewables

    • The cluster posted strong performance as quarter EBITDA increased 8% YoY to ₹ 1,696 crore from ₹ 1,567 crore in Q1 FY26 driven by capacity additions, higher sales from Solar Manufacturing & Rooftop solar
    • Total renewable portfolio at 12.0 GW, of which 6.7 GW operational (5.4 GW solar, 1.3 GW wind) and 5.3 GW under implementation.
    • Commissioned Ladakh’s first commercial rooftop solar project, a 50 kWp system in Leh, marking the region’s entry into distributed clean energy.
    • Commissioned the 100.8 MW Jewali Wind Project in Dharashiv, Maharashtra, generating ~299 million units annually and supplying clean power to Tata Power Mumbai Distribution
    • Rooftop Business expands its addressable market with complete solar solutions (Solar plus Battery). The order book stands at ₹639 crore.

    Transmission & Distribution

    • Announced plans to upgrade Mumbai’s Transmission and Distribution network by 2031, including a 400 kV ring network to serve data centres and metro lines.
    • Tata Power Delhi Distribution Limited crosses 10,000 Rooftop Solar installations in Delhi creating 160 MWp of distributed clean energy.

    Electric Mobility

    • Commissioned ultra-fast charging stations with Indian Oil on the Delhi–Mumbai Expressway (63rd and 69th Milestones, Haryana)
    • Signed an MoU with Varanasi Smart City to expand EV charging across transit hubs, parking areas and tourist sites
    • Tata Power and Tata Passenger Electric Mobility Limited (TPEM) inaugurated Telangana’s first high-speed Tata.ev MegaCharger hub in Hitech City, Hyderabad.

  • Tata Power Reports INR 1,401 Crore PAT in Q1 FY27, Revenue Rises 8%

    Tata Power Reports INR 1,401 Crore PAT in Q1 FY27, Revenue Rises 8%

    Tata Power, one of India’s largest vertically integrated power companies, reported a Profit after Tax (PAT) of ₹ 1,401 crore, up 11 % YoY, for the first quarter ended June 30, 2026. The Company’s revenue grew to ₹ 18,898 crore, up 8% YoY; while EBITDA rose to ₹ 4,249 crore, up 8% YoY.

    The Company has commenced FY27 on a strong footing, with the first quarter reflecting solid execution across its businesses and reinforcing the strategic priorities that will drive the next phase of growth.

    As green energy adoption accelerates, Tata Power is strategically investing across the value chain from domestic manufacturing and large-scale renewable development to cross-border clean energy partnerships and energy storage solutions. The Company is building capabilities that enhance grid flexibility and reliability through a combination of pumped hydro storage, battery energy storage systems and hybrid energy solutions. These efforts are pioneering dependable clean energy access for commercial, industrial and residential consumers.

    The company reported a steady financial performance in Q1 FY27, with consolidated revenue increasing by 8% year-on-year to ₹18,898 crore, compared to ₹17,464 crore in Q1 FY26. EBITDA also grew by 8% to ₹4,249 crore, up from ₹3,930 crore in the corresponding quarter last year, reflecting consistent operational performance. Reported Profit After Tax (PAT) rose by 11% year-on-year to ₹1,401 crore, compared to ₹1,262 crore in Q1 FY26, demonstrating continued profitability and resilient earnings growth.

    Dr. Praveer Sinha, CEO and Managing Director, Tata Power, said: “India’s energy sector is entering its next phase of transformation where the focus is shifting to delivering reliable, round-the-clock clean energy. At Tata Power, we have positioned ourselves ahead of this curve through our integrated and bundled supply of RTC Renewable power though solar, wind, battery storage and pumped storage projects. This quarter marks several strategic milestones that will shape our next phase of growth. With more than ₹5,000 crore deployed towards capex during Q1, we have begun FY27 with a strong project implementation roadmap. The return of Mundra to full operations, industry leading solar rooftop growth and deepening cross-border energy partnerships further reinforce our position as a leading integrated power company.”

    Business Highlights – Q1 FY27

    Generation

    • Traditional Generation demonstrated strong operational performance and resilience while maintaining minimal to zero forced outages during the Quarter. The average availability stood at robust 96.2%.
    • Tata Power continues to make significant engineering progress across the Bhutan hydropower projects-Khorlochhu and Dorjilung.
    • At the 1,000 MW Bhivpuri Pumped Storage Project, the upper reservoir has been constructed and Civil, Electro-Mechanical, Hydro-Mechanical and GIS packages awarded & works are progressing well.

    Renewables

    • The cluster posted strong performance as quarter EBITDA increased 8% YoY to ₹ 1,696 crore from ₹ 1,567 crore in Q1 FY26 driven by capacity additions, higher sales from Solar Manufacturing & Rooftop solar
    • Total renewable portfolio at 12.0 GW, of which 6.7 GW operational (5.4 GW solar, 1.3 GW wind) and 5.3 GW under implementation.
    • Commissioned Ladakh’s first commercial rooftop solar project, a 50 kWp system in Leh, marking the region’s entry into distributed clean energy.
    • Commissioned the 100.8 MW Jewali Wind Project in Dharashiv, Maharashtra, generating ~299 million units annually and supplying clean power to Tata Power Mumbai Distribution
    • Rooftop Business expands its addressable market with complete solar solutions (Solar plus Battery). The order book stands at ₹639 crore.

    Transmission & Distribution

    • Announced plans to upgrade Mumbai’s Transmission and Distribution network by 2031, including a 400 kV ring network to serve data centres and metro lines.
    • Tata Power Delhi Distribution Limited crosses 10,000 Rooftop Solar installations in Delhi creating 160 MWp of distributed clean energy.

    Electric Mobility

    • Commissioned ultra-fast charging stations with Indian Oil on the Delhi–Mumbai Expressway (63rd and 69th Milestones, Haryana)
    • Signed an MoU with Varanasi Smart City to expand EV charging across transit hubs, parking areas and tourist sites
    • Tata Power and Tata Passenger Electric Mobility Limited (TPEM) inaugurated Telangana’s first high-speed Tata.ev MegaCharger hub in Hitech City, Hyderabad.

  • Tata Power Reports INR 1,401 Crore PAT in Q1 FY27, Revenue Rises 8%

    Tata Power Reports INR 1,401 Crore PAT in Q1 FY27, Revenue Rises 8%

    Tata Power, one of India’s largest vertically integrated power companies, today reported a Profit after Tax (PAT) of ₹ 1,401 crore, up 11 % YoY, for the first quarter ended June 30, 2026. The Company’s revenue grew to ₹ 18,898 crore, up 8% YoY; while EBITDA rose to ₹ 4,249 crore, up 8% YoY.

    The Company has commenced FY27 on a strong footing, with the first quarter reflecting solid execution across its businesses and reinforcing the strategic priorities that will drive the next phase of growth.

    As green energy adoption accelerates, Tata Power is strategically investing across the value chain from domestic manufacturing and large-scale renewable development to cross-border clean energy partnerships and energy storage solutions. The Company is building capabilities that enhance grid flexibility and reliability through a combination of pumped hydro storage, battery energy storage systems and hybrid energy solutions. These efforts are pioneering dependable clean energy access for commercial, industrial and residential consumers.

    The company reported a steady financial performance in Q1 FY27, with consolidated revenue increasing by 8% year-on-year to ₹18,898 crore, compared to ₹17,464 crore in Q1 FY26. EBITDA also grew by 8% to ₹4,249 crore, up from ₹3,930 crore in the corresponding quarter last year, reflecting consistent operational performance. Reported Profit After Tax (PAT) rose by 11% year-on-year to ₹1,401 crore, compared to ₹1,262 crore in Q1 FY26, demonstrating continued profitability and resilient earnings growth.

    Dr. Praveer Sinha, CEO and Managing Director, Tata Power, said: “India’s energy sector is entering its next phase of transformation where the focus is shifting to delivering reliable, round-the-clock clean energy. At Tata Power, we have positioned ourselves ahead of this curve through our integrated and bundled supply of RTC Renewable power though solar, wind, battery storage and pumped storage projects. This quarter marks several strategic milestones that will shape our next phase of growth. With more than ₹5,000 crore deployed towards capex during Q1, we have begun FY27 with a strong project implementation roadmap. The return of Mundra to full operations, industry leading solar rooftop growth and deepening cross-border energy partnerships further reinforce our position as a leading integrated power company.”

    Business Highlights – Q1 FY27

    Generation

    • Traditional Generation demonstrated strong operational performance and resilience while maintaining minimal to zero forced outages during the Quarter. The average availability stood at robust 96.2%.
    • Tata Power continues to make significant engineering progress across the Bhutan hydropower projects-Khorlochhu and Dorjilung.
    • At the 1,000 MW Bhivpuri Pumped Storage Project, the upper reservoir has been constructed and Civil, Electro-Mechanical, Hydro-Mechanical and GIS packages awarded & works are progressing well.

    Renewables

    • The cluster posted strong performance as quarter EBITDA increased 8% YoY to ₹ 1,696 crore from ₹ 1,567 crore in Q1 FY26 driven by capacity additions, higher sales from Solar Manufacturing & Rooftop solar
    • Total renewable portfolio at 12.0 GW, of which 6.7 GW operational (5.4 GW solar, 1.3 GW wind) and 5.3 GW under implementation.
    • Commissioned Ladakh’s first commercial rooftop solar project, a 50 kWp system in Leh, marking the region’s entry into distributed clean energy.
    • Commissioned the 100.8 MW Jewali Wind Project in Dharashiv, Maharashtra, generating ~299 million units annually and supplying clean power to Tata Power Mumbai Distribution
    • Rooftop Business expands its addressable market with complete solar solutions (Solar plus Battery). The order book stands at ₹639 crore.

    Transmission & Distribution

    • Announced plans to upgrade Mumbai’s Transmission and Distribution network by 2031, including a 400 kV ring network to serve data centres and metro lines.
    • Tata Power Delhi Distribution Limited crosses 10,000 Rooftop Solar installations in Delhi creating 160 MWp of distributed clean energy.

    Electric Mobility

    • Commissioned ultra-fast charging stations with Indian Oil on the Delhi–Mumbai Expressway (63rd and 69th Milestones, Haryana)
    • Signed an MoU with Varanasi Smart City to expand EV charging across transit hubs, parking areas and tourist sites
    • Tata Power and Tata Passenger Electric Mobility Limited (TPEM) inaugurated Telangana’s first high-speed Tata.ev MegaCharger hub in Hitech City, Hyderabad.

  • Tata Power Reports INR 1,401 Crore PAT in Q1 FY27, Revenue Rises 8%

    Tata Power, one of India’s largest vertically integrated power companies, today reported a Profit after Tax (PAT) of ₹ 1,401 crore, up 11 % YoY, for the first quarter ended June 30, 2026. The Company’s revenue grew to ₹ 18,898 crore, up 8% YoY; while EBITDA rose to ₹ 4,249 crore, up 8% YoY.

    The Company has commenced FY27 on a strong footing, with the first quarter reflecting solid execution across its businesses and reinforcing the strategic priorities that will drive the next phase of growth.

    As green energy adoption accelerates, Tata Power is strategically investing across the value chain from domestic manufacturing and large-scale renewable development to cross-border clean energy partnerships and energy storage solutions. The Company is building capabilities that enhance grid flexibility and reliability through a combination of pumped hydro storage, battery energy storage systems and hybrid energy solutions. These efforts are pioneering dependable clean energy access for commercial, industrial and residential consumers.

    The company reported a steady financial performance in Q1 FY27, with consolidated revenue increasing by 8% year-on-year to ₹18,898 crore, compared to ₹17,464 crore in Q1 FY26. EBITDA also grew by 8% to ₹4,249 crore, up from ₹3,930 crore in the corresponding quarter last year, reflecting consistent operational performance. Reported Profit After Tax (PAT) rose by 11% year-on-year to ₹1,401 crore, compared to ₹1,262 crore in Q1 FY26, demonstrating continued profitability and resilient earnings growth.

    Dr. Praveer Sinha, CEO and Managing Director, Tata Power, said: “India’s energy sector is entering its next phase of transformation where the focus is shifting to delivering reliable, round-the-clock clean energy. At Tata Power, we have positioned ourselves ahead of this curve through our integrated and bundled supply of RTC Renewable power though solar, wind, battery storage and pumped storage projects. This quarter marks several strategic milestones that will shape our next phase of growth. With more than ₹5,000 crore deployed towards capex during Q1, we have begun FY27 with a strong project implementation roadmap. The return of Mundra to full operations, industry leading solar rooftop growth and deepening cross-border energy partnerships further reinforce our position as a leading integrated power company.”

    Business Highlights – Q1 FY27

    Generation

    • Traditional Generation demonstrated strong operational performance and resilience while maintaining minimal to zero forced outages during the Quarter. The average availability stood at robust 96.2%.
    • Tata Power continues to make significant engineering progress across the Bhutan hydropower projects-Khorlochhu and Dorjilung.
    • At the 1,000 MW Bhivpuri Pumped Storage Project, the upper reservoir has been constructed and Civil, Electro-Mechanical, Hydro-Mechanical and GIS packages awarded & works are progressing well.

    Renewables

    • The cluster posted strong performance as quarter EBITDA increased 8% YoY to ₹ 1,696 crore from ₹ 1,567 crore in Q1 FY26 driven by capacity additions, higher sales from Solar Manufacturing & Rooftop solar
    • Total renewable portfolio at 12.0 GW, of which 6.7 GW operational (5.4 GW solar, 1.3 GW wind) and 5.3 GW under implementation.
    • Commissioned Ladakh’s first commercial rooftop solar project, a 50 kWp system in Leh, marking the region’s entry into distributed clean energy.
    • Commissioned the 100.8 MW Jewali Wind Project in Dharashiv, Maharashtra, generating ~299 million units annually and supplying clean power to Tata Power Mumbai Distribution
    • Rooftop Business expands its addressable market with complete solar solutions (Solar plus Battery). The order book stands at ₹639 crore.

    Transmission & Distribution

    • Announced plans to upgrade Mumbai’s Transmission and Distribution network by 2031, including a 400 kV ring network to serve data centres and metro lines.
    • Tata Power Delhi Distribution Limited crosses 10,000 Rooftop Solar installations in Delhi creating 160 MWp of distributed clean energy.

    Electric Mobility

    • Commissioned ultra-fast charging stations with Indian Oil on the Delhi–Mumbai Expressway (63rd and 69th Milestones, Haryana)
    • Signed an MoU with Varanasi Smart City to expand EV charging across transit hubs, parking areas and tourist sites
    • Tata Power and Tata Passenger Electric Mobility Limited (TPEM) inaugurated Telangana’s first high-speed Tata.ev MegaCharger hub in Hitech City, Hyderabad.

  • Tata Power Reports INR 1,401 Crore PAT in Q1 FY27, Revenue Rises 8%

    Tata Power, one of India’s largest vertically integrated power companies, today reported a Profit after Tax (PAT) of ₹ 1,401 crore, up 11 % YoY, for the first quarter ended June 30, 2026. The Company’s revenue grew to ₹ 18,898 crore, up 8% YoY; while EBITDA rose to ₹ 4,249 crore, up 8% YoY.

    The Company has commenced FY27 on a strong footing, with the first quarter reflecting solid execution across its businesses and reinforcing the strategic priorities that will drive the next phase of growth.

    As green energy adoption accelerates, Tata Power is strategically investing across the value chain from domestic manufacturing and large-scale renewable development to cross-border clean energy partnerships and energy storage solutions. The Company is building capabilities that enhance grid flexibility and reliability through a combination of pumped hydro storage, battery energy storage systems and hybrid energy solutions. These efforts are pioneering dependable clean energy access for commercial, industrial and residential consumers.

    The company reported a steady financial performance in Q1 FY27, with consolidated revenue increasing by 8% year-on-year to ₹18,898 crore, compared to ₹17,464 crore in Q1 FY26. EBITDA also grew by 8% to ₹4,249 crore, up from ₹3,930 crore in the corresponding quarter last year, reflecting consistent operational performance. Reported Profit After Tax (PAT) rose by 11% year-on-year to ₹1,401 crore, compared to ₹1,262 crore in Q1 FY26, demonstrating continued profitability and resilient earnings growth.

    Dr. Praveer Sinha, CEO and Managing Director, Tata Power, said: “India’s energy sector is entering its next phase of transformation where the focus is shifting to delivering reliable, round-the-clock clean energy. At Tata Power, we have positioned ourselves ahead of this curve through our integrated and bundled supply of RTC Renewable power though solar, wind, battery storage and pumped storage projects. This quarter marks several strategic milestones that will shape our next phase of growth. With more than ₹5,000 crore deployed towards capex during Q1, we have begun FY27 with a strong project implementation roadmap. The return of Mundra to full operations, industry leading solar rooftop growth and deepening cross-border energy partnerships further reinforce our position as a leading integrated power company.”

    Business Highlights – Q1 FY27

    Generation

    • Traditional Generation demonstrated strong operational performance and resilience while maintaining minimal to zero forced outages during the Quarter. The average availability stood at robust 96.2%.
    • Tata Power continues to make significant engineering progress across the Bhutan hydropower projects-Khorlochhu and Dorjilung.
    • At the 1,000 MW Bhivpuri Pumped Storage Project, the upper reservoir has been constructed and Civil, Electro-Mechanical, Hydro-Mechanical and GIS packages awarded & works are progressing well.

    Renewables

    • The cluster posted strong performance as quarter EBITDA increased 8% YoY to ₹ 1,696 crore from ₹ 1,567 crore in Q1 FY26 driven by capacity additions, higher sales from Solar Manufacturing & Rooftop solar
    • Total renewable portfolio at 12.0 GW, of which 6.7 GW operational (5.4 GW solar, 1.3 GW wind) and 5.3 GW under implementation.
    • Commissioned Ladakh’s first commercial rooftop solar project, a 50 kWp system in Leh, marking the region’s entry into distributed clean energy.
    • Commissioned the 100.8 MW Jewali Wind Project in Dharashiv, Maharashtra, generating ~299 million units annually and supplying clean power to Tata Power Mumbai Distribution
    • Rooftop Business expands its addressable market with complete solar solutions (Solar plus Battery). The order book stands at ₹639 crore.

    Transmission & Distribution

    • Announced plans to upgrade Mumbai’s Transmission and Distribution network by 2031, including a 400 kV ring network to serve data centres and metro lines.
    • Tata Power Delhi Distribution Limited crosses 10,000 Rooftop Solar installations in Delhi creating 160 MWp of distributed clean energy.

    Electric Mobility

    • Commissioned ultra-fast charging stations with Indian Oil on the Delhi–Mumbai Expressway (63rd and 69th Milestones, Haryana)
    • Signed an MoU with Varanasi Smart City to expand EV charging across transit hubs, parking areas and tourist sites
    • Tata Power and Tata Passenger Electric Mobility Limited (TPEM) inaugurated Telangana’s first high-speed Tata.ev MegaCharger hub in Hitech City, Hyderabad.

  • PFC Consulting Invites Bids for Rajasthan’s 765 kV Babai Transmission Project

    PFC Consulting Invites Bids for Rajasthan’s 765 kV Babai Transmission Project

    PFC Consulting Limited (PFCCL) has invited bids for the selection of a Transmission Service Provider (TSP) to establish the 765 kV Grid Substation (GSS) at Babai along with its associated intra-state transmission system in Rajasthan. The project will be implemented through tariff-based competitive bidding (TBCB) on a Build, Own, Operate and Transfer (BOOT) basis.

    PFCCL has been appointed as the Bid Process Coordinator (BPC) by the Energy Department, Government of Rajasthan, for the selection of the successful bidder. The selected developer will acquire 100% equity in Babai Transmission Limited, the special purpose vehicle (SPV) incorporated for implementing the project, and will be responsible for financing, designing, engineering, procurement, construction, commissioning, operation, and maintenance of the transmission system.

    The transmission project has been planned to facilitate the evacuation of approximately 5,760 MW of renewable energy from Rajasthan while strengthening power supply to the Babai, Jhunjhunu, Sikar, and Jaipur regions. The initiative forms part of the Green Energy Corridor Phase III, addressing the growing renewable energy generation in western Rajasthan and the need for enhanced transmission infrastructure.

    The project scope includes the establishment of a new 765/400/220 kV AIS substation at Babai, equipped with 2×1500 MVA 765/400 kV transformers, 2×500 MVA 400/220 kV transformers, switchable bus reactors, line reactors, and multiple transmission bays. It also covers the construction of several high-voltage transmission lines, including the 765 kV double-circuit Babai–Alwar line, 400 kV Babai–Amber line, 400 kV Babai–Babai line, 220 kV Babai–Beri Bhajangarh line, and the LILO of the 220 kV Chirawa–Khetri transmission line. The entire project is scheduled for completion within 30 months from the effective date.

    According to the RFP, the selected TSP will also be responsible for securing statutory approvals, obtaining the transmission licence from the Rajasthan Electricity Regulatory Commission (RERC), arranging financing, land acquisition support, environmental and forest clearances, and undertaking the operation and maintenance of the assets throughout the concession period. The transmission assets will be transferred to the State Transmission Utility after 35 years from the commercial operation date, at zero cost and free from encumbrances.

    The project has been conceived to strengthen Rajasthan’s transmission infrastructure for large-scale renewable energy integration, improve grid reliability, and support the state’s expanding clean energy capacity under its long-term power sector development plans.

  • PFC Consulting Invites Bids for Rajasthan’s 765 kV Babai Transmission Project

    PFC Consulting Invites Bids for Rajasthan’s 765 kV Babai Transmission Project

    PFC Consulting Limited (PFCCL) has invited bids for the selection of a Transmission Service Provider (TSP) to establish the 765 kV Grid Substation (GSS) at Babai along with its associated intra-state transmission system in Rajasthan. The project will be implemented through tariff-based competitive bidding (TBCB) on a Build, Own, Operate and Transfer (BOOT) basis.

    PFCCL has been appointed as the Bid Process Coordinator (BPC) by the Energy Department, Government of Rajasthan, for the selection of the successful bidder. The selected developer will acquire 100% equity in Babai Transmission Limited, the special purpose vehicle (SPV) incorporated for implementing the project, and will be responsible for financing, designing, engineering, procurement, construction, commissioning, operation, and maintenance of the transmission system.

    The transmission project has been planned to facilitate the evacuation of approximately 5,760 MW of renewable energy from Rajasthan while strengthening power supply to the Babai, Jhunjhunu, Sikar, and Jaipur regions. The initiative forms part of the Green Energy Corridor Phase III, addressing the growing renewable energy generation in western Rajasthan and the need for enhanced transmission infrastructure.

    The project scope includes the establishment of a new 765/400/220 kV AIS substation at Babai, equipped with 2×1500 MVA 765/400 kV transformers, 2×500 MVA 400/220 kV transformers, switchable bus reactors, line reactors, and multiple transmission bays. It also covers the construction of several high-voltage transmission lines, including the 765 kV double-circuit Babai–Alwar line, 400 kV Babai–Amber line, 400 kV Babai–Babai line, 220 kV Babai–Beri Bhajangarh line, and the LILO of the 220 kV Chirawa–Khetri transmission line. The entire project is scheduled for completion within 30 months from the effective date.

    According to the RFP, the selected TSP will also be responsible for securing statutory approvals, obtaining the transmission licence from the Rajasthan Electricity Regulatory Commission (RERC), arranging financing, land acquisition support, environmental and forest clearances, and undertaking the operation and maintenance of the assets throughout the concession period. The transmission assets will be transferred to the State Transmission Utility after 35 years from the commercial operation date, at zero cost and free from encumbrances.

    The project has been conceived to strengthen Rajasthan’s transmission infrastructure for large-scale renewable energy integration, improve grid reliability, and support the state’s expanding clean energy capacity under its long-term power sector development plans.