Tata Power Q2 biz updates: Renewable Energy arm’s utility-scale project execution rises 130% YoY; shares trade flat

For the quarter ended September 30, 2026 (Q2 FY27), the company also executed 131.2 MWh of storage projects, including 101.2 MWh for in-house Tata Power Renewable Energy (TPREL) and the remaining 30 MWh for third-party projects.

Building on this strong Q2 FY27 performance, TPREL also managed to execute a total of 645 MW of utility-scale projects and 161.2 MWh of storage projects during H1 FY27. Of this, 101.2 MWhr of storage projects were for in-house TPREL, while the remaining 60 MWhr of storage projects have been delivered for third-party customers, the company said.

During H1 FY27, the firm said it has successfully commissioned several key projects, including the 100.8 MW Jewali Wind Project, the Kalasar FDRE Project comprising 227.5 MW of solar capacity and a 101.2 MWhr Battery Energy Storage System (BESS), the 100 MW Kayathar Group Captive Project, and the 72.5 MW Tata Steel Captive Project.

“The company’s strong execution momentum reflects its focus on quality, safety, and operational excellence. Backed by a resilient supply chain, experienced partners, and robust project management capabilities, TPREL continues to deliver renewable energy and storage projects efficiently across diverse geographies,” Tata Power said in a statement.

Further, with these additions, the company’s utility-scale operational portfolio has grown to 7.2 GW, comprising 5.8 GW of solar, 1.3 GW of wind, and 281.2 MWhr of battery storage capacity.

Here’s what Tata Power expects from H2

More than 2 GW of projects are expected to be executed in H2 FY27, comprising 1,075 MW of solar, 969 MW of wind, and 274 MWhr of BESS, Tata Power said. Apart from the mentioned in-house projects, there will be 300 MW of TPREL—third-party projects are also to be executed in H2 FY27.

By the end of the year, close to 9.3 GW of projects are expected to be executed, which include 6899 MW of solar, 2298 MW of wind, and 555.2 MWhr of battery storage.

“In FY28, the balance projects of ~2.6 GW consisting of 570 MW solar, 350 MWhr of battery storage, and 1,700 MW wind will be completed and will take the overall operational capacity of TPREL to ~12 GW,” Tata Power said.

Tata Power’s Q1 FY27

Tata Power posted a 11% growth in its consolidated net profit at ₹1,176 crore for the first quarter of the current financial year (Q1 FY27) as compared to ₹1,060 crore logged during the same period last year.

The Tata firm’s revenue from operations increased 5.6% to ₹19,051 crore in the April-June quarter as against ₹18,035 crore seen in the year-ago period.

Tata Power's operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), slipped 3% to ₹4,013 crore as compared to ₹4,139 crore in the corresponding quarter of the previous fiscal year. Its EBITDA margin also contracted to 21.06% in the reporting quarter from 22.95% in Q1 FY26.

Tata Power share price trends

At 11:23 AM, Tata Power shares were trading at ₹342.5 apiece on the National Stock Exchange, rising marginally by 0.1%.

Shares of the firm have fallen 5.5% over a month, while they have slumped 16% in the past six months. From the beginning of the year, shares of Tata Power have declined over 10%.

Shares of the company had touched their one-year high of ₹464.90 apiece on April 28, 2026, while their 52-week low of ₹333.60 was hit on October 6, 2026.

According to NSE data, as of October 12, 2026, Tata Power has a total market capitalisation of over ₹1.09 lakh crore.