Tata Power arm kicks off solar cell production in Tamil Nadu; stock jumps 7%
ADVERTISEMENT
The company noted that it has allocated close to ₹4,300 crore for setting up this facility, which is central to Tata Power's vision of leading India's shift to renewable energy, especially in the solar rooftop and utility-scale markets, where it already holds a 20% market share and seeks to expand further through initiatives like PM Surya Ghar Yojana, it adds.
Tata Power's net profit increased by 4% year-on-year (YoY) to ₹1,189 crore for the June quarter, driven by improved operational efficiency, up from ₹1,141 crore in the same period last year. The company's revenue also saw a 12% YoY growth, reaching ₹16,810 crore in the first quarter, compared to ₹15,003 crore in the corresponding quarter of the previous year.
August 2025
As India continues to be the world’s fastest-growing major economy, Fortune India presents its special issue on the nation’s Top 100 Billionaires. Curated in partnership with Waterfield Advisors, this year’s list reflects a slight decline in the number of dollar billionaires—from 185 to 182—even as the entry threshold for the Top 100 rose to ₹24,283 crore, up from ₹22,739 crore last year. From stalwarts like Mukesh Ambani, Gautam Adani, and the Mistry family, who continue to lead the list, to major gainers such as Sunil Mittal and Kumar Mangalam Birla, the issue goes beyond the numbers to explore the resilience, ambition, and strategic foresight that define India’s wealth creators. Read their compelling stories in the latest issue of Fortune India. On stands now.
Fortune India is now on WhatsApp! Get the latest updates from the world of business and economy delivered straight to your phone. Subscribe now.