Tata Power Targets US and Europe for Solar Exports by FY27: CEO Praveer Sinha

Tata Power is preparing for a multi-pronged growth phase, spanning solar manufacturing exports, higher rooftop solar deployments and the restart of its Mundra ultra-mega power plant, as electricity demand rises, as per Moneycontrol report. 

Solar Manufacturing Ramps Up with Export Plans 

The company has stabilised operations at its 4.3 GW solar cell and module manufacturing facility, in addition to its Bengaluru unit, significantly improving output and efficiency. Quarterly production has reached close to 1 GW, enabling Tata Power to support both internal projects and overseas demand. 

From FY27, the company plans to export solar cells and modules to the US and Europe. At the domestic level, rooftop solar continues to be a key growth driver, with installations estimated at around 1.4 GW in FY26 and at least 2 GW in FY27, supported by strong execution capabilities and channel reach. 

Mundra Ultra-Mega Plant Restart Likely Before FY26 Ends 

Tata Power is nearing the restart of its 4,000 MW Mundra coal-based power plant, with discussions with Gujarat largely concluded and parallel talks underway with other procuring states. The company expects operations to begin as early as next month, ahead of peak summer demand. 

Once operational, the Mundra facility is expected to supply cost-efficient power and strengthen availability across multiple states as electricity consumption rises. 

Nuclear Exploration and Investment Outlook 

Alongside renewables and thermal power, Tata Power is exploring opportunities in nuclear energy through small modular reactors.  

Discussions are ongoing with state governments, including Madhya Pradesh, Gujarat and Odisha, to identify suitable locations, while engagements with domestic and global technology partners continue. 

For FY27, the company has set an annual investment target of ₹20,000–25,000 crore, covering renewable expansion, transmission and distribution projects, and ongoing operational upgrades. 

Read More: Tata Power Q3FY26 Earnings Results: Reports ₹1,194 Crore PAT; Revenue Drops 4% YoY! 

Tata Power Share Price Performance  

As of February 6, 2026, at 12:55 AM, Tata Power Ltd share price is trading at ₹361.10 per share, reflecting a decline of 0.93% from the previous closing price. Over the past month, the stock has declined by 6.57%. 

Conclusion 

With solar exports, higher rooftop capacity, the restart of Mundra and early-stage nuclear plans, Tata Power is positioning itself for sustained growth across multiple energy segments in the coming years. 

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