Tata Power’s Q4 net up 25% on all-round growth

Praveer Sinha MD& CEO, Tata Power
| Photo Credit:
cueapi

Tata Power’s net profit in Q4 rose by a fourth and revenue rose 7 per cent led by its core transmission, distribution and generation business with the renewables segment playing a strong supporting role.

For the full year, the company achieved a milestone in crossing ₹5,000 crore in net profit, before exceptional items.

Tata Power reported net profit of ₹1,306 crore in Q4 on revenue of ₹17,238 crore.

During the year, the power producer added 1 GW in renewable capacity and plans to step up the pace this year by doubling the capacity addition. Its current renewable portfolio is at around 11 GW, of which over 5 GW is under implementation.

“We have nearly 5.5 GW of large utility scale projects which we have to implement for which we have the PPA (power purchase agreements), and we have now acquired the land and the connectivity,” Managing Director & CEO, Praveer Sinha, told businessline.

“So we need to implement it now in the next 6 to 24 months.” The company has the necessary land and connectivity for some of the projects in the pipeline and they would be implemented this year.

In the renewable segment where the company is focusing, Tata Power has  nearly 3 GW capacity under development across States like Karnataka and Maharashtra. It has secured over 6,800 MW of grid connectivity and has acquired more than 30,000 acres of land for setting up the ongoing projects in pipeline.

Its rooftop solar installation crossed 1.5 lakh and now has a total capacity of 3 GW.

Its solar module manufacturing units in Tamil Nadu produced 3.3 GW modules and 846 MW cell during the year.

The government has once again extended Section 11 till June 2025, allowing it to continue the operations of its plant in Mundra. Under the Electricity Act, Section 11 allows the government to ask power producers to operate and maintain output in accordance with directions.

Sinha pointed out that due to the increased demand for power in the summer months, the section had been extended. He said he expected it to be extended further, but in the event that it is not, it is also pursuing with the Gujarat government to conclude the supplementary PPA and finalise it.

Of the ₹16,000 crore spent by the company in FY25, half was for renewable projects and in FY26 the company has a target of ₹25,000 crore of which 50 per cent would be in renewables.

Published on May 14, 2025