Tata Power Rolls Out Affordable Rooftop Solar in Odisha, Eyes 10 Lakh Installations Across India

On June 17, Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, introduced a new rooftop solar program in Bhubaneswar, Odisha. Launched under the “Ghar Ghar Solar” campaign, the initiative focuses on providing cost-effective clean energy solutions for households across the state.

Low Starting Cost & Massive Subsidies

Under the new plan, customers can install rooftop solar systems at an initial cost of just ₹2,499 for 1 kW, ₹4,999 for 2 kW, and ₹7,999 for 3 kW. The initiative is supported by generous government subsidies, including up to ₹78,000 from the central government under the PM Surya Ghar: Muft Bijli Yojana. 

Additionally, the Odisha government offers ₹25,000 for 1 kW, ₹50,000 for 2 kW, and ₹60,000 for systems of 3 kW or more. These subsidies can reduce installation costs by nearly 40%, making solar energy more affordable for middle-income families.

Expansion Goals

TPREL plans to install 3 lakh rooftop solar units in Odisha and 10 lakh across India in the next 3 to 5 years. Tata Power is also working with Odisha Renewable Energy Development Agency (OREDA) to spread solar adoption in the state.

The company is expanding into lifestyle solar solutions to meet modern home energy needs, aiming to make solar energy affordable and aspirational.

Financial Performance

Tata Power company recorded a 47% jump in yearly profit from renewables. In Q4 FY25, Tata Power posted:

• Revenue: ₹17,096 crore
• Net Profit: ₹1,042 crore
• EBITDA Margin: 19%

Also Read: Key Corporate Actions This Week: Bajaj Auto, Hindustan Zinc, Tata Power Trading Ex-Date (June 16–20)! 

Tata Power Share Price Movement

As of 10:56 AM on June 18, 2025, Tata Power Company share price is trading at ₹393.90, down ₹2.15 or 0.54%. The stock opened at ₹396.05 and has touched an intraday high of ₹398.00 and a low of ₹393.50. The company has a market capitalisation of ₹1.26 lakh crore, a price-to-earnings (P/E) ratio of 31.74, and offers a dividend yield of 0.57%. The stock's 52-week high is ₹494.85, while the 52-week low stands at ₹326.35. 

Conclusion

Tata Power’s new rooftop solar push is a major step in making clean energy affordable and widespread. With strong government support and clear goals, the company is helping drive India’s solar mission forward.

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