Tata Power shares touched a high of ₹345.50 on Monday, gaining 1.04% from the previous close of ₹341.95, after opening at ₹343, as reported by The Economic Times. The positive market reaction followed strong financial performance from the company's renewable energy subsidiary. TPREL reported over 130% year-on-year growth in utility-scale project execution during Q2 FY27, commissioning 419 MW of capacity along with 131.2 MWh of battery storage projects, compared to 182 MW of utility-scale capacity commissioned in the corresponding quarter of the previous fiscal year. The company's total utility-scale execution during the first half of FY27 reached 645 MW, alongside 161.2 MWh of battery storage projects.
During the first half of FY27, TPREL commissioned several key projects including the 100.8-MW Jewali Wind Project, the Kalasar Firm and Dispatchable Renewable Energy (FDRE) project comprising 227.5 MW of solar capacity and 101.2 MWh of battery energy storage, the 100 MW Khavda Group Captive project, and the 72.5-MW Tata Steel captive project, as reported by The Economic Times. The company's expanding renewable energy footprint continues to support India's clean energy transition while contributing to national energy security and sustainability.
With these additions, TPREL's utility-scale operational portfolio has grown to 7.2 GW, comprising 5.8 GW of solar, 1.3 GW of wind, and 281.2 MWh of Battery Storage capacity, according to The Economic Times. The company expects to execute more than 2 GW of projects in the second half of FY27, comprising 1,075 MW of solar, 969 MW of wind, and 274 MWh of BESS, with up to 300 MW of third-party projects also to be executed. During Q2 FY27, TPREL commissioned 131.2 MWh of battery storage projects, of which 1.2 MWh was for in-house TPREL projects and the remaining 130 MWh comprised third-party projects. TPREL's operational renewable energy portfolio now stands at 7.2 GW, supporting India's clean energy transition while contributing to national energy security and sustainability.
By the end of the year, close to 9.3 GW of projects are expected to be executed, including 6,899 MW of solar, 2,298 MW of wind, and 555.2 MWh of battery storage, as reported by The Economic Times. In FY28, the balance projects of ~2.6 GW, comprising 570 MW of solar, 350 MWh of battery storage and 1,700 MW of wind, will be completed, taking the overall operational capacity of TPREL to 12 GW. The company attributed its execution momentum to its focus on quality, safety and operational excellence, supported by its supply chain, project partners and project management capabilities. TPREL is one of India's largest renewable energy companies and a subsidiary of the Tata Power Company Limited.
