Tata Power Company Ltd Share Price – NSE /  BSE

Power Generation & Distribution, Mid Cap

Tata Power Company announced the signing of Commercial Agreements with Druk Green Power Corporation (DGPC) for the implementation of the 1,125 MW Dorjilung project. The Project will be implemented through a Special Purpose Vehicle (SPV), with DGPC and Tata Power holding equity shares of 60% and 40%, respectively.

The Run-of-the-River project, comprising six units of 187.5 MW each, is being developed on the Kurichhu River in Mongar, Bhutan. Designed with a six-hour pondage for peaking, Dorjilung represents a major step forward in expanding clean, reliable hydropower in the region. Tata Power has committed an equity investment of approximately Rs 1,572 crore to be infused in tranches as per the agreed structure.

At a total project cost of Rs 13,100 crore, Dorjilung will be Bhutan's second-largest hydropower project, and the largest Public-Private Partnership (PPP) hydro project ever undertaken in the country. On completion, the SPV will become an associate company of Tata Power, strengthening its strategic presence in the Himalayan renewable energy corridor.

The project is slated for commissioning in September 2031, and 80% of its generation will be supplied to India, providing a significant boost to regional energy security and clean power availability. The project is supported by the World Bank, marking a milestone in cross-border clean-energy financing.

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The project, executed over two and a half years, highlights TPREL?s strong project management and technical capabilities. Alongside the NHPC project, TPREL is also supplying DCR-compliant cells and modules for SJVN?s 1 GW project and NLC?s 300 MW project in Rajasthan, both nearing commissioning.

The plant uses high-efficiency solar modules manufactured by TP Solar Limited, Tirunelveli, strengthening the company?s commitment to domestic manufacturing and clean energy growth. The project will supply power to PSPCL and is expected to generate about 17,230 million units of green electricity over its operating life. Built in challenging terrain, the project stands out for its robust engineering and innovative execution.

About 7.75 lakh modules were installed for the project. Over 300 local workers were employed, and several local vendors were developed, contributing to livelihood creation and boosting the regional economy. With this commissioning, TPREL reinforces its position as a key partner for large-scale renewable projects, supporting India?s target of 500 GW non-fossil fuel capacity by 2030 and its net-zero goal by 2070.

Tata Power Company is primarily engaged in the generation, transmission, and distribution of electricity. It aims to produce electricity entirely through renewable sources. The company also manufactures solar rooftops and plans to build 1 lakh EV charging stations by 2025. Tata Power is India?s largest vertically integrated power company.

The company?s consolidated net profit marginally fell 0.8% to Rs 919.44 crore on a 1% drop in revenue from operations to Rs 15,544.91 crore in Q2 FY26 over Q2 FY25.

Shares of Tata Power Company shed 0.85% to Rs 389 on the BSE.

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Profit before tax (PBT) stood at Rs 1,679.90 crore in Q2 FY26, down 5.2% from Rs 1,772.87 crore recorded in the corresponding quarter last year.

On the segmental front, revenue from the transmission and distribution business stood at Rs 10,935.69 crore (up 7.14% YoY), while revenue from renewables stood at Rs 3,613.11 crore (up 88.83% YoY) during the period under review.

Tata Power Renewable Energy (TPREL), the company?s green energy arm, continued capacity expansion with total operational renewable generation reaching 5.7 GW, comprising 4.7 GW solar and 1 GW wind. During the quarter, 293 MW of renewable capacity was commissioned, including 111 MW of own projects and 182 MW of third-party EPC projects.

TPREL also inked an agreement with Suzlon Group for 838 MW of wind turbine supply across upcoming projects. The rooftop solar segment maintained its leadership, adding 370 MWp during the quarter. Segment revenue surged 158% YoY to Rs 1,133 crore, supported by an order book of Rs 1,116 crore and a network of 644 channel partners and over 2,000 retailers.

In the EPC and storage space, TPREL secured major contracts, including Tata Power Distribution?s 100 MW/200 MWh battery energy storage project worth Rs 299 crore, NTPC Khavda?s 300 MW BoS project valued at Rs 521 crore, and its first battery energy storage purchase agreement (BESPA) with NHPC for a 30 MW/120 MWh system in Kerala.

Dr. Praveer Sinha, CEO and managing director of Tata Power, said, ?Tata Power has reported a robust performance in Q2FY26 and H1FY26, reflecting the strength of strategic initiatives and decisions taken by the company towards its integrated and diversified business model. Growth continues across conventional generation, clean energy, and consumer-focused distribution.

The rooftop solar segment continues to lead the industry with record installations, while our Discoms drive service excellence across a growing customer base of over 13 million. With proposed amendments to the Electricity Act, Tata Power is well positioned to expand its distribution footprint to 40 million consumers by 2030.?

Alongside its earnings, the company said it will invest Rs 1,572 crore to acquire a 40% stake in a special purpose vehicle (SPV)?a separate entity formed to execute specific projects?to develop the 1,125 MW Dorjilung hydropower project in Bhutan at a total investment of Rs 13,100 crore. The SPV, to be formed with Druk Green Power Corporation, will become Tata Power?s associate post-acquisition, supporting its clean energy transition.

Tata Power Company is primarily engaged in the generation, transmission, and distribution of electricity. It aims to produce electricity entirely through renewable sources. The company also manufactures solar rooftops and plans to build 1 lakh EV charging stations by 2025. Tata Power is India?s largest vertically integrated power company.

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Net profit of Tata Power Company declined 0.77% to Rs 919.44 crore in the quarter ended September 2025 as against Rs 926.53 crore during the previous quarter ended September 2024. Sales declined 0.97% to Rs 15544.91 crore in the quarter ended September 2025 as against Rs 15697.67 crore during the previous quarter ended September 2024.

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