Tata Power Q2 FY 2026-27 Update: Renewable Project Execution Jumps Over 130%; Shares Trade Flat
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Tata Power Renewable Energy's utility-scale project execution jumped over 130% YoY to 419 MW in Q2 FY27. The company expects to execute more than 2 GW of projects in the second half of the financial year.
Tata Power shares traded largely flat on Monday, October 12, even as the company's renewable energy arm reported a more than 130% year-on-year jump in utility-scale project execution during the September quarter.
Tata Power Renewable Energy commissioned 419 MW of utility-scale projects in Q2 FY27, compared with 182 MW in the same quarter last year. The company also executed 131.2 MWh of battery storage projects during the quarter. Tata Power shares were trading at ₹341.65 on the NSE at 12:05 pm, down 0.15%.
The company expects the pace of execution to pick up further in the second half of FY27, with more than 2 GW of projects scheduled for execution. This includes 1,075 MW of solar projects, 969 MW of wind projects and 274 MWh of battery energy storage projects. Its operational utility-scale renewable portfolio currently stands at 7.2 GW.
Tata Power Renewable Energy Q2 Business Update
Tata Power Renewable Energy commissioned several projects during the first half of the financial year, including the 100.8 MW Jewali Wind Project, the Kalasar FDRE Project, the 100 MW Kayathar Group Captive Project and the 72.5 MW Tata Steel Captive Project.
The renewable energy arm expects to execute more than 2 GW of projects during the second half of FY27. This includes 1,075 MW of solar projects, 969 MW of wind projects and 274 MWh of battery energy storage projects.
By the end of FY27, the company expects its executed project portfolio to reach close to 9.3 GW. The remaining projects of around 2.6 GW are expected to be completed in FY28, taking Tata Power Renewable Energy's overall operational capacity to around 12 GW.
Tata Power's renewable businesses have also reported growth in other segments. Its rooftop solar business added 88,397 installations during Q2 FY27, up 33% from a year earlier, while installed capacity during the quarter rose 15% to 426 MWp.
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Rochelle Britto has spent 8+ years decoding India's markets, businesses, and consumer economy, reporting for ET Prime and Times Internet along the way, covering the stories behind the numbers.
A Mumbai native and perpetual planner of the next holiday, she stays far, far away from the eternal question, “Where are we going next?” When she's not chasing headlines, she's chasing new cultures, open roads, and a bit of quiet in nature.
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