Tata Power shares fell about 7% after its Q4 FY26 profit declined and revenue dropped year-on-year. While the company’s renewables and solar manufacturing businesses expanded strongly, brokerages remain split: some view growth drivers as supportive, while others flag key risks and maintain cautious stances, leading to mixed calls ranging from Buy to Sell.
Tata Power says it is in discussions with three states for its next nuclear energy projects. The company expects to publish a comprehensive project report within the next six months, signaling a faster path from planning to approvals. Tata Power is also partnering with NPCIL to develop and implement the nuclear initiatives.
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Tata Power’s consolidated net profit for Q4 FY26 fell 4% year-on-year to Rs 996 crore, while revenue dropped 13%. The quarter’s softness contrasts with a strong full-year performance: FY26 saw Tata Power achieve its highest-ever annual PAT of Rs 5,118 crore, supported by renewables, solar manufacturing, and transmission and distribution.
Tata Power and Bhutan’s Druk Green Power Corporation (DGPC) have broadened their hydropower partnership by adding the 404 MW Nyera Amari I & II Integrated Hydropower Project. The move raises the collaboration’s identified hydropower capacity to 5,033 MW, up from 4,500 MW earlier, strengthening long-term clean energy supply plans.
Bhutan has signed $515 million in financing deals with the World Bank, partnering with Tata Power, to develop the 1,125 MW Dorjilung Hydroelectric Power Project. Scheduled for completion by 2031, it could generate over 4,500 GWh yearly, lift GDP by 2.4%, and supply nearly 80% of output to India while cutting about 3.3 million tons of CO₂ annually.
Tata Power, Keppel, and Tata Realty are partnering to deploy a large Cooling-as-a-Service (CaaS) system at Chennai’s Intellion Park. Using 12,100 TR of cooling capacity, the project is set to go live in October 2026 on a 15-year contract, with expected energy reductions of about 20%. The centrepiece is a patented AI-ML Operations Nerve Centre that enables real-time monitoring and predictive optimisation, strengthening a low-carbon ecosystem powered by green supply.
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Thursday’s Indian market saw abrupt swings among several large counters. Tata Power and Adani Total Gas climbed sharply, while TTK Prestige and others fell, highlighting how fast sentiment can shift. Traders pointed to a mix of geopolitical tensions and seasonal demand patterns as key drivers behind the day’s biggest moves.
Tata Power says it will stop investing in new coal-fired power plants, while targeting a major solar milestone in the fourth quarter of FY25. The company is also preparing to begin a significant hydro project in January 2025, reinforcing its shift toward cleaner energy backed by financial discipline.
In 2020, Tata Power took over Odisha’s electricity network when it was in disarray. Five years later, the state has become Tata Power’s standout turnaround and a platform for an ambitious INR10,000-crore clean energy plan. The success story underscores how fixing reliability and operations can unlock major investment momentum in the power sector.
Tata Power says its Mundra power plant remains shut because an agreement with the Gujarat government is yet to be signed. With the facility idle, the company is reportedly losing close to INR100 crore every month, turning a stalled bureaucratic step into mounting financial pressure. The restart hinges on final approvals that are still pending.
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