Tata Power to Boost Green Energy Additions 6 Fold in H2 FY26

Tata Power added only 205 MW of renewable capacity in the first half of FY26. Heavy rains flooded project sites and made it difficult to transport large wind turbine parts, causing delays in project completion.

Big Capacity Push Planned for Second Half

The company now expects a major pickup in capacity addition. Tata Power plans to add 1.3 GW in the second half of FY26, more than six times the additions in H1. This will take the total renewable capacity addition for the year to 1.5 GW, although this is lower than the earlier target of 2.5 GW.

As of September 2025, Tata Power had 5.7 GW of utility-scale renewable capacity, with a similar amount under construction. The company is moving toward its goal of 33 GW of green energy capacity by FY30.

Factors That Will Drive H2 Growth

The pace of additions will depend on the availability of land and transmission lines. Tata Power expects to cover any delays this year by FY27 and is confident of meeting long-term targets.

Tata Power Strong Financial Performance in Renewables

In Q2 FY26, Tata Power’s renewables business reported strong gains:

• Profit up 70% to ₹511 crore
• EBITDA up 57% to ₹1,575 crore
• Revenue up 89% to ₹3,613 crore

Tata Power Q2 FY26 Earnings Results 

Tata Power recently posted a marginal 0.8% dip in consolidated profit to ₹919 crore in Q2 FY26. Revenue also slipped by 1% to ₹15,545 crore, mainly due to challenges at the Mundra plant.

The company incurred ₹7,500 crore capex in H1 and is on track to invest ₹25,000 crore in FY26.

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Management Outlook

The company expects performance to improve in the next few quarters as the Mundra plant issues ease and more renewable capacity becomes operational. Discussions with the Gujarat government are ongoing to finalise power supply terms for Mundra.

Tata Power Share Price Movement

Tata Power Company share price is trading at ₹389.90, up 0.39% as of 10:49 AM on 17 November. During the session, the stock opened at ₹388.50, touched a high of ₹392.20, and recorded a low of ₹388.50. It offers a dividend yield of 0.58%, with a quarterly dividend payout of ₹0.57 per share. The stock’s 52-week high stands at ₹447.70, while the 52-week low is ₹326.35.

Conclusion

Tata Power is gearing up for a strong second half in FY26 with a sharp jump in renewable capacity additions. Despite early delays, the company remains confident about achieving its long-term green energy goals and strengthening its renewable business performance.

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