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Tata Power Accelerates Renewable Energy Expansion to Fuel Future Growth.

Tata Power is significantly boosting its renewable energy investments, aiming to add 1.7 GW of capacity by the end of FY26, raising its total renewable portfolio to around 6.6 GW. Renewables have become a key profit driver, contributing 26.39% to operating profit in FY25, up from 19.2% in FY23. In Q1 FY26, renewables led the company’s EBITDA with ₹1,567 crore out of a total ₹13,930 crore. Alongside renewables, Tata Power is advancing 2.8 GW of pumped hydro projects and a 600 MW hydro project in Bhutan. Despite rising net debt to ₹1.48 lakh crore due to capital expenditure, the company’s robust balance sheet supports ongoing growth. JM Financial forecasts a 139% net profit CAGR through FY28, maintaining a ‘buy’ rating. Tata Power’s strategic focus on clean energy positions it well for sustained growth and leadership in India’s energy transition.