leading Indian renewable energy stock, has marked a groundbreaking achievement in sustainable power generation, demonstrating its commitment to innovative green energy solutions.
The company’s latest venture in Omkareshwar, Madhya Pradesh, represents a significant leap forward in floating solar technology, promising to reshape India’s renewable energy landscape. Tata Power Renewable Energy has commissioned India’s largest floating solar project of 126 MW.
Share Price Movement
The share price of Tata Power Limited went up by 1.35 percent to Rs. 399.35 per share on Thursday, an increase from its previous close of Rs. 404.75 per share. The market capitalisation now stands at approximately Rs. 1,29,331 crore as of November 14, 2024.
What Happened
Tata Power Renewable Energy Limited (TPREL) successfully commissioned India’s largest floating solar project of 126 MW in Omkareshwar, Madhya Pradesh. The Rs. 596 crore project features 213,460 solar modules and the world’s largest floating platform, covering 260 hectares. Completed in 28 months, it will generate 204,580 MWh annually while saving 173,893 tonnes of CO2.
Q2 Financial Highlights
According to its recent filing, in the quarter ending September 2024, Tata Power Limited’s consolidated revenue from operations has decreased by 0.2 percent YOY from Rs. 15,738 crore in Q2 FY24 to Rs. 15,698 crore in Q2 FY25 and decreased by 9.2 percent QoQ from Rs. 17,294 crore in Q4 FY24.
The company’s consolidated net profit has increased by 7.4 percent, from Rs. 1,017 crore in Q2 FY24 to Rs. 1,093 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has decreased by 8.07 percent QoQ from Rs. 1,189 crore.
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Market Outlook
The global power sector is undergoing significant transformation in 2023, with a strong focus on clean energy and sustainability. Countries worldwide are investing heavily in renewable energy storage solutions, particularly battery technology. The BESS (Battery Energy Storage Systems) segment is gaining momentum, with governments providing support for developing 4,000 MW battery storage systems.
Several nations, including France, Indonesia, and Colombia, are making strategic shifts towards cleaner energy. Notable developments include phasing out coal plants, expanding electric vehicle infrastructure, and increasing investments in carbon capture technologies to meet climate goals.
Shareholding Pattern
As of the November 2024 shareholding pattern, Tata Power Limited is primarily held by the promotors at 46.8 percent, foreign institutional investors hold 9.15 percent, and the public with 27.02 percent.
About Company
Tata Power Company Limited, established in 1910, is a prominent player in India’s power utility sector. Headquartered in Mumbai, it is part of the Tata Group and operates in electricity generation, transmission, and distribution. The company’s installed capacity exceeds 14,700 MW, with a significant portion derived from renewable sources.
Tata Power serves over 12 million customers across regions like Mumbai, Delhi, and Odisha, making it a key electricity provider. In addition to conventional energy, it is expanding its renewable energy footprint with solar and wind power projects. The company is also investing in electric vehicle charging infrastructure and sustainable energy solutions.
Tata Power plans to increase its renewable capacity to over 20 GW by 2029, further solidifying its commitment to innovation and sustainability in India’s evolving energy landscape.
Written By Fazal Ul Vahab C H
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