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Starting FY26 with a high note, Tata Power , India's largest vertically integrated power company, has seen a 6% year-on-year rise in profit after tax (PAT) at ₹1,262 crore in the first quarter ended June 30, 2025, primarily due to growth across renewables, rooftop solar, manufacturing (TP Solar), and T&D businesses. The company’s revenue rose 4% to ₹17,464 crore from ₹16,810 crore in the year-ago period, while EBITDA grew 17% to ₹3,930 crore in Q1 FY26.
Tata Power's renewable energy portfolio continues to exceed expectations on innovation, scale, and efficiency across the clean energy value chain, says Praveer Sinha, CEO and MD, Tata Power. "Our Generation and T&D businesses are delivering impressive gains. Our Discoms are providing reliable electricity to ~13 million customers. Through its all-around performance, our Odisha Discoms have emerged as the national model of Discom reforms."
Sinha says the company is committed to achieving its target of 40 million customers by 2030. "We have applied for a license to expand our distribution footprints in key growth areas of Maharashtra." Notably, Tata Power has a generation portfolio exceeding 26 GW, including projects under development, and the company claims over 65% of it comes from clean, green sources.
1. Tata Power commissioned 94 MW RE capacity in Q1 FY26, with total operational renewable capacity at 5.6 GW. It claims to maintain No. 1 position in the rooftop solar segment, with total installations above 2 lakh and cumulative capacity above 3.4 GWp.
2. Manufacturing emerges as a major growth contributor - TP Solar reports ₹ 100 crore PAT in Q1 FY26; and achieves revenue of ₹ 1,613 crore. T&D business PAT grows to ₹440 crore, up 26 % YoY in Q1 FY26. Odisha Discoms PAT grows to ₹105 crore, up 156 % YoY, in Q1 FY26.
3. In renewables, Tata Power commissioned 652 MW of projects in Q1, including 94 MW of its portfolio and 560 MW of 3rd party EPC. Total utility-scale operational capacity stands at 5.6 GW (4.6 GW solar and 1 GW wind) with plans to add 1.6 GW during the next 3 quarters of FY26.
4. The company achieved a record rooftop solar installation of 270 MWp in Q1 FY26, with total installations above 2 lakh and cumulative capacity above 3.4 GWp. It sold 107 MW of modules and 54 MW of cells to 3rd parties in Q1 FY26, with an order value of ₹1,303 crore.
5. The company also collaborated with Tata Motors to set up a 131 MW wind-solar hybrid project for its manufacturing units across Maharashtra and Gujarat, which will generate 300 MUs annually and offset over 2 lakh tons of CO₂ emissions.
6. First in India, Tata Power has introduced two new lifestyle solutions for customers: MySine – a compact, intelligent solar + battery backup system for uninterrupted power and Solaroof Design Spaces – a curated range of aesthetic rooftop installations for residential and commercial premises.
7. In terms of transmission & distribution, Tata Power Mumbai Transmission received Maharashtra Electricity Regulatory Commission (MERC) approval for ₹1,800 crore DPR schemes, and it commissioned 22kV GIS at Vikhroli and 125 MVAR reactor at Trombay. The company says on transmission, it is focusing on six projects, which aggregate to over 2,400 Ckm, and will help it reach over 7000 operational Ckm by 2027.
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