# TATAPOWER (TATAPOWER) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/tatapower

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹367.2
- Change: -0.49%
- As of: 2026-09-18
- 1D return: +1.57%
- 5D return: +2.13%
- 1M return: -0.12%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 17, 2026, TATAPOWER's technical stance is mixed, with daily patterns suggesting potential upward reversal while longer-term weekly and monthly timeframes show price below key moving averages. The daily chart exhibits a Bullish Engulfing Reversal and Morning Star pattern, indicating possible short-term strength. However, the weekly timeframe shows the price below the 20-day and 50-day Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs), with a bearish Supertrend signal. The monthly timeframe also shows the price below its 20-day EMA and SMA, though with a bullish Supertrend. The stock is currently trading near its nearest support level of ₹368.0, approximately 0.27% below the current price of ₹369.0. The nearest resistance is observed at ₹369.9, a mere 0.24% above the current price. The stock has experienced an extreme upward gap anomaly on the daily timeframe on September 15, 2026, with a z-score of 6.8. The current drawdown stands at -0.2%, with a maximum drawdown of -0.25% and annualized volatility at 23%.

Key watch conditions include monitoring the price action around the ₹369.9 resistance level. A sustained move above this level could signal further upside potential, aligning with the daily bullish patterns. Conversely, a break below the ₹368.0 support level, especially with increased volume, could indicate a continuation of the weaker trend seen on the weekly and monthly charts. The divergence between daily reversal patterns and longer-term moving average positions warrants close observation.

- Daily chart shows Bullish Engulfing Reversal and Morning Star patterns as of September 17, 2026.
- Nearest support is ₹368.0 (0.27% below current price) and nearest resistance is ₹369.9 (0.24% above current price).
- Weekly timeframe shows price below 20-day and 50-day EMAs/SMAs with a bearish Supertrend.
- Monthly timeframe shows price below 20-day EMA/SMA but a bullish Supertrend.
- Observe price action around ₹369.9 resistance and ₹368.0 support for trend confirmation.

- Inside Bar
- Outside Bar
- Bullish Engulfing Reversal
- Morning Star
- Harami
- Doji

### News Context

Tata Group stocks, including Tata Power, experienced pressure on Friday, September 18, 2026, amid developments concerning the group's holding company, Tata Sons. This led to a reduction in the combined market capitalization of listed Tata Group companies by approximately $3.16 billion by noon, compared to the closing value of $268.5 billion on Thursday, September 17, 2026. Separately, a report from PL Capital suggested that Tata Power, alongside other power sector companies like Adani Energy, CESC, NTPC, and Power Grid, could benefit from upcoming power transmission projects. However, PL Capital's outlook indicated CESC was expected to deliver the highest return of 54%, with NTPC and Power Grid also having positive outlooks.

- Tata Group stocks, including Tata Power, faced pressure on September 18, 2026, due to developments related to Tata Sons.
- The combined market cap of listed Tata Group companies decreased by approximately $3.16 billion on September 18, 2026.
- A report by PL Capital on September 18, 2026, highlighted potential benefits for Tata Power from upcoming power transmission projects.
- PL Capital's report, dated September 18, 2026, projected a 54% return for CESC, with positive outlooks for NTPC and Power Grid.

- Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital
- Tata Group stocks shed $3.2 billion in market cap amid Tata Sons rift
- Tata Group stocks under pressure amid Tata Sons listing dispute
- Nifty regains 23,300 mark, midcaps, smallcaps gain
- OPINION | The Trust at the Top: Why accountability needs no listing

### What Changed

Recent news indicates that Tata Group stocks, including Tata Power Co. (NSE), have experienced pressure due to developments concerning the group's holding company, Tata Sons. This has led to a reduction in the combined market capitalization of listed Tata Group companies. Separately, an external research firm, PL Capital, has commented on potential upside for several power sector stocks, including Tata Power, in relation to upcoming power transmission projects, though their outlook differs for various companies in the sector.

In terms of price movement, Tata Power Co. (NSE) closed at ₹369.0 on September 17, 2026, an increase from its previous close of ₹360.4. The available data does not provide details on daily or weekly trends for this period.

- Tata Group stocks, including Tata Power Co. (NSE), faced pressure on September 17, 2026, amid news related to Tata Sons.
- The combined market capitalization of listed Tata Group companies saw a reduction, with approximately $3.16 billion (as of noon on the reporting date) being chipped off.
- PL Capital has issued an opinion on potential upside for power sector stocks, mentioning Tata Power alongside others like Adani Energy, CESC, NTPC, and Power Grid, in the context of upcoming power transmission projects.
- Tata Power Co. (NSE) closed at ₹369.0 on September 17, 2026, up from ₹360.4 on the previous trading day.

- Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital
- Tata Group stocks shed $3.2 billion in market cap amid Tata Sons rift
- Tata Group stocks under pressure amid Tata Sons listing dispute
- Nifty regains 23,300 mark, midcaps, smallcaps gain
- OPINION | The Trust at the Top: Why accountability needs no listing

### Official Filings

Tata Power Company Limited has been actively engaging with institutional investors and analysts throughout September 2026, participating in several conferences including the Anand Rathi Annual Flagship Conference G-200 Summit and the J. P. Morgan India Conference. These meetings, held in Mumbai, involved discussions with various asset management firms and analysts, focusing on updates based on publicly available information. Separately, on August 31, 2026, Tata Power Renewables commissioned a 100 MW solar project in Tamil Nadu, increasing its total utility portfolio to 12.3 GW and operational capacity to over 7 GW. This project utilizes advanced tracking technology and is expected to generate approximately 240.63 million units of clean energy annually. Additionally, the company is advancing its transmission infrastructure, with the commissioning of the 400kV Jalpura-Khurja Transmission Project on September 3, 2026, which includes a 162 circuit kilometre transmission line and a 1,000 MVA substation, aimed at bolstering power infrastructure for the NCR region and Western Uttar Pradesh. In legal proceedings, on August 26, 2026, the Singapore International Commercial Court dismissed Tata Power's challenge to arbitral awards related to proceedings initiated by Kleros Capital Partners Limited. The company has stated its intention to file an appeal within 28 days.

- On August 31, 2026, Tata Power Renewables commissioned a 100 MW solar project in Tamil Nadu, bringing its total operational renewable capacity to over 7 GW.
- On September 3, 2026, Tata Power commissioned the 400kV Jalpura-Khurja Transmission Project, adding 162 CKM of transmission lines and a 1,000 MVA substation.
- Tata Power participated in multiple investor and analyst meetings throughout September 2026, including events hosted by Anand Rathi and J.P. Morgan.
- On August 26, 2026, the Singapore International Commercial Court dismissed Tata Power's challenge to arbitral awards; the company intends to appeal.

- Tata Power Company Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Tata Power Company Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Tata Power Company Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Tata Power Company Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Tata Power Company Limited has informed the Exchange regarding a press release dated September 03, 2026, titled "Press release titled Tata Power Strengthens NCR s Power Infrastructure with Commissioning of 400kV Jalpura-Khurja Transmission Corridor, comprising 162 CKM Transmission lines and 1,000 MVA Substation .". |SUBJECT: Press Release
- Tata Power Company Limited has informed the Exchange regarding a press release dated August 31, 2026, titled "Tata Power Renewables Utility Portfolio Scales to 12.3 GW; Surpasses 7 GW Operational Capacity with Commissioning of 100 MW Project at Kayathar, Tamil Nadu". |SUBJECT: Press Release
- Tata Power Company Limited has informed the Exchange about Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B) |SUBJECT: Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B)
- Tata Power Company Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company |SUBJECT: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
- Tata Power Company Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Tata Power Company Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL

### Fundamentals

Tata Power Co. reported a significant increase in revenue from operations for Q1 FY2026-27, reaching ₹19,051.26 crore. This growth was accompanied by a substantial rise in Profit Before Tax to ₹1,735.04 crore for the same period. The company's Profit Loss for the Period stood at ₹1,400.86 crore in Q1 FY2026-27, showing a slight decrease from ₹1,415.52 crore in Q4 FY2025-26, but a notable increase from ₹1,194.33 crore in Q3 FY2025-26. Comprehensive income for the period also saw fluctuations, with ₹1,475.11 crore reported in Q1 FY2026-27.

The company's segment revenue from operations demonstrated a consistent upward trend, increasing from ₹14,477.37 crore in Q3 FY2025-26 to ₹18,881.44 crore in Q1 FY2026-27. Inter-segment revenue also grew over the same periods, from ₹1,060.31 crore to ₹1,629.99 crore. Investors may wish to monitor the sustainability of this revenue growth and its translation into profitability, as well as the company's ability to manage its comprehensive income.

- Revenue from Operations for Q1 FY2026-27 was ₹19,051.26 crore.
- Profit Before Tax for Q1 FY2026-27 reached ₹1,735.04 crore.
- Profit Loss For Period in Q1 FY2026-27 was ₹1,400.86 crore.
- Segment Revenue From Operations increased from ₹14,477.37 crore in Q3 FY2025-26 to ₹18,881.44 crore in Q1 FY2026-27.
- Comprehensive Income For The Period in Q1 FY2026-27 was ₹1,475.11 crore.

### Bull Case

The company's stock is currently exhibiting a bullish trend on a daily basis, as indicated by the Supertrend indicator. While recent market news has placed pressure on Tata Group stocks due to a listing dispute at Tata Sons, the company's technical indicators suggest underlying strength. The daily trend shows a positive Supertrend reading, and the 14-day Average Directional Index (ADX) at 18.74 suggests that the current trend, while not strongly trending, is present. The stock is trading above its 20-day Exponential Moving Average (EMA) and Simple Moving Average (SMA), with the EMA showing a slight downward slope and the SMA showing a more pronounced downward slope, indicating recent price moderation. However, the daily close of ₹369.0 is above the 20-day EMA of ₹366.41.

- The daily Supertrend indicator is currently 'bullish'.
- On the daily timeframe, the stock's closing price of ₹369.0 is above the 20-day EMA of ₹366.41 as of 2026-09-17.
- The 14-day ADX on the daily chart is 18.74, suggesting a present trend.

- Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital
- Tata Group stocks shed $3.2 billion in market cap amid Tata Sons rift
- Tata Group stocks under pressure amid Tata Sons listing dispute
- Nifty regains 23,300 mark, midcaps, smallcaps gain
- OPINION | The Trust at the Top: Why accountability needs no listing

### Bear Case

The company's stock has experienced a decline in market capitalization, alongside other Tata Group entities, due to developments concerning the group's holding company, Tata Sons. This broader group-level pressure has impacted investor sentiment. Technically, the weekly trend indicates a bearish direction, with the Supertrend indicator at ₹415.47, suggesting potential downward price movement. Recent performance metrics show negative returns across multiple periods, including a -3% return year-to-date and a -6% return over the past year. The stock is currently trading below its 20-day and 50-day Simple Moving Averages (SMA), which are ₹364.1 and ₹373.18 respectively, and its 200-day SMA of ₹387.21, indicating a potentially weaker short-to-medium term trend. The current drawdown stands at -20%, with a maximum drawdown recorded at -25%, highlighting recent volatility and potential downside risk.

- Tata Group stocks, including Tata Power, have seen a reduction in market capitalization due to a dispute at the group's holding company, Tata Sons.
- The weekly technical trend is classified as bearish, with the Supertrend indicator at ₹415.47.
- The stock has generated negative returns over various periods, including -3% year-to-date and -6% over the last year.
- Current trading prices are below key moving averages (20-day SMA: ₹364.1, 50-day SMA: ₹373.18, 200-day SMA: ₹387.21).
- The stock is experiencing a current drawdown of -20% and has seen a maximum drawdown of -25%.

- Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital
- Tata Group stocks shed $3.2 billion in market cap amid Tata Sons rift
- Tata Group stocks under pressure amid Tata Sons listing dispute
- Nifty regains 23,300 mark, midcaps, smallcaps gain
- OPINION | The Trust at the Top: Why accountability needs no listing

### FAQs

**What recent operational developments has Tata Power announced?**

On September 3, 2026, Tata Power announced the commissioning of the second part of its Jalpura-Khurja Transmission Project in Uttar Pradesh. This includes a 162 circuit kilometre (CKM) 400kV double-circuit transmission line and a 400/220 kV GIS substation at Jalpura. This project aims to strengthen the power infrastructure for the National Capital Region (NCR) and Western Uttar Pradesh. Following this, Tata Power's total transmission portfolio, including projects operational and under execution, stands at 7,900 circuit kilometres across India.

**What is the company's recent technical performance and what are the key support and resistance levels?**

As of September 17, 2026, Tata Power's stock is trading at ₹369.0. The daily trend shows the closing price above the 20-day Exponential Moving Average (EMA) of ₹366.41, but below the 50-day EMA of ₹373.64. The weekly trend indicates a 'bearish' Supertrend direction with the Supertrend level at ₹415.47. Key support levels identified are ₹368.0, ₹364.2, ₹362.3, and ₹358.5. Resistance levels are noted at ₹369.9, ₹387.58, ₹391.34, and ₹405.5.

**What investor engagement activities has Tata Power scheduled?**

Tata Power Company Limited has scheduled several investor meetings in September 2026. These include participation in the Anand Rathi Annual Flagship Conference G-200 Summit on September 21, 2026, and the J. P. Morgan India Conference on September 22, 2026, both in Mumbai. Previously, on September 4, 2026, the company announced participation in the UBS India Summit (September 10), the Morgan Stanley Virtual India Industrials & Energy Seminar (September 15), and the Jefferies India Forum (September 18). These meetings involve discussions with institutional investors and analysts, with the agenda being updates based on published information, and are not expected to disclose unpublished price-sensitive information.

**How has Tata Power's stock performed over different periods?**

As of September 17, 2026, Tata Power's stock has shown mixed returns across different periods. It experienced a return of 2% in the last day and 1% over the last 10 days. However, it saw negative returns of -3% over the last month, -8% over the last three and six months, and -6% over the last year. Year-to-date, the return is -3%.

- Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital
- Tata Group stocks shed $3.2 billion in market cap amid Tata Sons rift
- Tata Group stocks under pressure amid Tata Sons listing dispute
- Nifty regains 23,300 mark, midcaps, smallcaps gain
- OPINION | The Trust at the Top: Why accountability needs no listing
- Tata Power Company Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Tata Power Company Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Tata Power Company Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Tata Power Company Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Tata Power Company Limited has informed the Exchange regarding a press release dated September 03, 2026, titled "Press release titled Tata Power Strengthens NCR s Power Infrastructure with Commissioning of 400kV Jalpura-Khurja Transmission Corridor, comprising 162 CKM Transmission lines and 1,000 MVA Substation .". |SUBJECT: Press Release
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹366.53
- Risk regime: Price Risk Requires Attention

### Support levels
- 371.12565917968755
- 348.4
- 344.746875

### Resistance levels
- 387.5805969238281
- 391.33857421875
- 405.5033203125

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +1.57% |
| return_10 | +2.49% |
| return_1m | -1.63% |
| return_1y | -4.66% |
| return_20 | -0.12% |
| return_3m | -6.97% |
| return_5 | +2.13% |
| return_6m | -6.38% |
| return_since_start | -4.47% |
| return_ytd | -1.85% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -24.86% |
| annualized_volatility | +23.38% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Rebounds Sharply from Preceding Quarter; Net Profit Inches Up Year-on-Year

Tata Power’s June 2026 quarter was marked by a significant sequential recovery in revenue, while net profit for the period increased modestly compared to the same quarter last year. Profit before tax, however, declined year-on-year, and finance costs continued their upward trend.

## Revenue and Segment Composition

Revenue from operations reached ₹19,051.26 crore in Q1 FY2026-27, up 5.6% from ₹18,035.07 crore in the corresponding quarter of the previous year. The more striking move was a 27.9% sequential jump from the preceding quarter’s ₹14,900.20 crore.

Reported segment revenue from operations (before inter‑segment eliminations) stood at ₹18,881.44 crore. After deducting inter‑segment revenue of ₹1,629.99 crore, the external segment revenue attributable to segments was ₹17,251.45 crore. The gap between consolidated revenue and this external segment figure was ₹1,799.81 crore, little changed from ₹1,786.91 crore a year earlier but substantially larger than the ₹287.08 crore observed in the March 2026 quarter. This indicates that items outside the reported operating segments consistently contribute a material amount to the top line.

## Profitability

Profit before tax (PBT) fell to ₹1,735.04 crore, a 15.8% decline from ₹2,060.59 crore in Q1 FY2025-26. In contrast, net profit for the period rose 11.0% to ₹1,400.86 crore from ₹1,262.32 crore. The tax expense line increased from ₹357.14 crore to ₹422.48 crore over the same period, so the net profit improvement was not driven by a lower tax charge. Basic earnings per share from continuing operations moved up to ₹3.68 from ₹3.31.

Sequentially, PBT surged from ₹484.81 crore in the previous quarter, while net profit was nearly flat (₹1,400.86 crore vs ₹1,415.52 crore). The divergence between the pre‑tax and bottom‑line movements suggests that items beyond the reported tax expense contributed meaningfully to the final profit figure.

## Finance Costs and Leverage

Finance costs rose to ₹1,406.78 crore, a 10% increase from ₹1,279.22 crore in the year‑ago quarter. The debt‑equity ratio edged up to 0.0163 from 0.0149 a year earlier. The interest service coverage ratio was 0.0238, broadly stable compared with 0.0236 in the prior‑year period.

## Management Commentary

Management, led by CEO Dr. Praveer Sinha, emphasized that India's energy sector is entering a new phase focused on reliable round-the-clock clean energy. Tata Power is positioning itself ahead of this curve through integrated renewable energy solutions including solar, wind, battery storage, and pumped storage projects. The company deployed a record quarterly capital expenditure of ₹5,375 crore in Q1FY27, underpinning a strong project execution roadmap for the year. Key strategic milestones include the return of the Mundra plant to full 4,150 MW operations under Section 11 (extended to September 30, 2026), industry-leading rooftop solar growth with 371 MWp installed, and deepening cross-border clean energy partnerships in Bhutan.

On the operations front, the renewables portfolio now stands at 12 GW (6.7 GW operational) and the transmission pipeline includes 2,332 ckm under construction, with FY27 expected to be a strong year for project delivery. The Odisha DISCOMs continue to outperform, crossing 1 crore registered customers. Regarding the SIAC arbitration award of USD 490.32 million, management stated that based on legal advice, they have filed an appeal with a high probability of a favorable outcome and have not recorded any provision in the financial results.

## Key Takeaway

Tata Power’s June quarter delivered a sharp sequential revenue rebound, while net profit improved year-on-year even as pre‑tax earnings declined. Finance costs continued to rise, and a persistent, material gap between consolidated revenue and segment external revenue highlights the impact of unallocated or other income streams. The profit performance reflects a complex income statement where factors beyond the tax expense influenced the bottom‑line result.

### Ratios

## Official filings

- 2026-09-11 — Generic Announcement: Tata Power Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_590_WebXMLFile_20260911_130328168.xml)
- 2026-09-11 — Generic Announcement: Tata Power Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VPTPCL_11092026130105_Analyst_Meet.pdf)
- 2026-09-04 — Generic Announcement: Tata Power Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_590_WebXMLFile_20260904_151041714.xml)
- 2026-09-04 — Generic Announcement: Tata Power Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VPTPCL_04092026150430_Letter_to_SE_Analyst_Meet.pdf)
- 2026-09-03 — Press Release: Tata Power Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VPTPCL_03092026104757_PR.pdf)
- 2026-08-31 — Press Release: Tata Power Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VPTPCL_31082026114916_PR31082026.pdf)
- 2026-08-26 — Litigation Disclosure: Tata Power Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_590_WebXMLFile_20260826_185745836.xml)
- 2026-08-26 — Litigation Disclosure: Tata Power Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VPTPCL_26082026185023_Reg_3026082026.pdf)
- 2026-08-25 — Generic Announcement: Tata Power Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VPTPCL_25082026125239_Letter_to_SE_Analyst_Meet.pdf)
- 2026-08-25 — Generic Announcement: Tata Power Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_590_WebXMLFile_20260825_125708550.xml)
- 2026-08-24 — Press Release: Tata Power Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VPTPCL_24082026120253_Press_Release24082026.pdf)
- 2026-08-18 — Generic Announcement: Tata Power Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VPTPCL_18082026155648_News.pdf)
- 2026-08-11 — Generic Announcement: Tata Power Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/VPTPCL_11082026130053_Covering.pdf)
- 2026-08-05 — Generic Announcement: The Tata Power Company Limited will participate in investor conferences from August 11 to August 18, 2026. These include the Nuvama India Conference 2026 in Singapore, Avendus Spark INDX-Asia Edition 2026 and Citi’s 2026 India Conference in Hong Kong, the Motilal Oswal 22nd Annual Global Investor Conference, and Goldman Sachs India Energy Security & Grid Resilience Corporate Day virtually. No unpublished price-sensitive information will be disclosed during these meetings. — [Official attachment](https://nsearchives.nseindia.com/corporate/VPTPCL_05082026182201_InvestorMeet.pdf)
- 2026-08-01 — Litigation Disclosure: The Appellate Tribunal for Electricity (APTEL) ruled in favor of The Tata Power Company Limited (TPCL) regarding its appeal against the Maharashtra Electricity Regulatory Commission (MERC) Multi-Year Tariff (MYT) Order dated August 8, 2016. APTEL found that MERC incorrectly disallowed property tax as an uncontrollable O&M expense and disallowed income tax for FY 2007-08 to FY 2013-14. These matters have been remanded to MERC for expeditious orders, with potential claims approximating 268 crore, subject to finalization upon completion of remand proceedings. — [Official attachment](https://nsearchives.nseindia.com/corporate/VPTPCL_01082026222020_Disclsoure_under_Reg_30_Judgement_pass_by_APTEL.pdf)
- 2026-08-01 — Official Filing: On July 31, 2026, Tata Power Company Limited reported that the Appellate Tribunal for Electricity (APTEL) delivered a judgment in its appeal against the Maharashtra Electricity Regulatory Commission (MERC) Multi-Year Tariff (MYT) Order dated August 8, 2016. APTEL found MERC incorrectly disallowed Property Tax and Income Tax for FY 2007-08 to FY 2013-14, remanding these issues to MERC for expeditious resolution. The expected financial implications are nil, though the quantum of claims is approximately ₹268 crore, to be finalized upon completion of remand proceedings.
- 2026-07-31 — Official Filing: Tata Power Company Limited has disclosed the transcripts of its earnings call held on July 28, 2026. The transcripts were uploaded to the company's website on July 31, 2026, at 19:00:00. Prior intimation of this call was provided to the exchange on July 21, 2026.
- 2026-07-31 — Generic Announcement: The Tata Power Company Limited held an earnings call on July 28, 2026, to discuss its Audited Standalone and Unaudited Consolidated Financial Results for the quarter ended June 30, 2026. The company reported a Profit After Tax (PAT) of INR 1,401 crores, an 11% increase, and an EBITDA increase of 8% to INR 4,249 crores. This marks the 27th consecutive quarter of PAT and EBITDA growth, driven by strong performance across transmission, distribution, and renewable energy segments. The company also highlighted significant capital expenditure plans, with INR 5,300 crores spent in Q1 FY27 and a projected INR 25,000 crores for the full year, primarily for renewable projects. — [Official attachment](https://nsearchives.nseindia.com/corporate/VPTPCL_31072026201434_TranscriptsQ1FY27.pdf)
- 2026-07-30 — Generic Announcement: The Tata Power Company Limited acquired 100% equity stake in Ryapte Power Transmission Limited (RPTL), a project special purpose vehicle, on July 30, 2026, for a cash consideration of ₹10.87 crore. RPTL was established to provide transmission services on a Build-Own-Operate-Transfer basis, involving the construction of approximately 250 km of transmission lines and two substations in Karnataka. The acquisition received approval from the Ministry of Power, and the scheduled date of commercial operation for the SPV is 30 months from the acquisition date. — [Official attachment](https://nsearchives.nseindia.com/corporate/VPTPCL_30072026172400_Reg-30_Acquistion_RPTL.pdf)
- 2026-07-30 — Official Filing: Tata Power Company Limited acquired Ryapte Power Transmission Limited on July 30, 2026, for INR 108,700,000 in cash. This acquisition aims to establish and operate a transmission service on a Build-Own-Operate-Transfer basis. Ryapte Power Transmission Limited was incorporated on May 21, 2025, as a Special Purpose Vehicle to construct approximately 250 km of transmission lines and substations in Karnataka. The Ministry of Power has approved the share transfer.
- 2026-07-30 — Press Release: Tata Power Renewable Energy Limited (TPREL) has broken ground on an 800 MW renewable energy project in Kurnool, Andhra Pradesh, with an investment of ₹5,750 crore. The project, comprising 400 MW of solar and 400 MW of wind capacity, is expected to create approximately 4,000 jobs and will utilize Suzlon for the wind component's EPC. This initiative aligns with Tata Power's goal of achieving 100% clean energy by 2045. — [Official attachment](https://nsearchives.nseindia.com/corporate/VPTPCL_30072026174252_PR.pdf)
- 2026-07-28 — Generic Announcement: The Tata Power Company Limited is issuing duplicate share certificates for lost or misplaced securities belonging to Lilly D'Souza. Any claims must be lodged within 15 days from July 28, 2026, after which duplicate certificates will be issued without further notice. — [Official attachment](https://nsearchives.nseindia.com/corporate/VPTPCL_28072026150549_CoverFinal.pdf)
- 2026-07-28 — Generic Announcement: The Tata Power Company Limited has published its financial results for the quarter ended June 30, 2026, in accordance with SEBI regulations. The results were advertised in the Financial Express, The Indian Express, and Loksatta on July 28, 2026, and are also available on the company's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/VPTPCL_28072026151239_Final.pdf)
- 2026-07-28 — Generic Announcement: The Tata Power Company Limited's Board of Directors approved the financial results for the quarter ended June 30, 2026, on July 27, 2026. An audio recording of an analyst call discussing these results is available on the company's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/VPTPCL_28072026175256_Audio_Call.pdf)
- 2026-07-27 — Generic Announcement: The Tata Power Company Limited's Board of Directors approved the issuance of non-convertible debentures (NCDs) or other debt securities up to an aggregate amount not exceeding ₹4,500 crore on a private placement basis. The funds raised will be used for purposes including refinancing existing loans. This approval was granted at a board meeting held on July 27, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/VPTPCL_27072026171458_Issuance_of_NCDs.pdf)

## News and market events

- 2026-09-18 — News18: **'No Company Can Function In Deadlock': Harish Salve On Tata Sons-Tata Trusts Governance Tussle | Exclusive** — Salve also said that a public listing of Tata Sons would enhance corporate transparency and establish a far clearer operational structure — [Source](https://www.news18.com/india/no-company-can-function-in-deadlock-harish-salve-on-tata-sons-tata-trusts-governance-tussle-exclusive-ws-lt-10339066.html)
- 2026-09-18 — Mint: **Tata Sons listing: Tata Chemicals vs Tata Steel vs Tata Power — Which Tata Group stocks may benefit most? Experts decode** — Tata Sons Listing: A total of seven Tata Group stocks have shareholding in Tata Sons — [Source](https://www.livemint.com/market/stock-market-news/tata-sons-listing-tata-chemicals-vs-tata-steel-vs-tata-power-which-tata-group-stocks-may-benefit-most-experts-decode-11789722802716.html)
- 2026-09-18 — Mint: **Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital** — Adani Energy, Coal India, Tata Power, NTPC, and Power Grid are set to benefit from upcoming power transmission projects. According to PL Capital, CESC is expected to deliver the highest return of 54%, while NTPC and Power Grid also have positive outlooks. Check target price — [Source](https://www.livemint.com/market/stock-market-news/adani-energy-vs-cesc-vs-tata-power-vs-ntpc-vs-power-grid-which-stock-has-more-upside-target-price-by-pl-capital-11789725460017.html)
- 2026-09-18 — Mint: **Tata Group stocks shed $3.2 billion in market cap amid Tata Sons rift** — By noon, about $3.16 billion had been chipped off the combined market cap of listed Tata Group companies, versus about $268.5 billion at Thursday's close. — [Source](https://www.livemint.com/market/stock-market-news/tata-group-stocks-shed-3-2-billion-in-market-cap-amid-tata-sons-rift-11789717385957.html)
- 2026-09-18 — BUSINESS: **Tata Group stocks under pressure amid Tata Sons listing dispute** — Tata Group stocks declined on Friday after advancing in the previous session, as investors reacted to fresh developments at the group's holding company, Tata Sons. — [Source](https://www.business-standard.com/markets/capital-market-news/tata-group-stocks-under-pressure-amid-tata-sons-listing-dispute-126091800481_1.html)
- 2026-09-18 — BUSINESS: **Nifty regains 23,300 mark, midcaps, smallcaps gain** — The key equity barometers firmed up further in early afternoon trade, supported by easing crude oil prices and softer global bond yields. Market sentiment also received a boost after Moodys raised its India FY27 GDP growth forecast to 7%, citing the resilience of the domestic economy despite ongoing geopolitical tensions in West Asia. The Nifty regained the 23,300 mark. Tata Group stocks remained under pressure amid profit-takin — [Source](https://www.business-standard.com/markets/capital-market-news/nifty-regains-23-300-mark-midcaps-smallcaps-gain-126091800476_1.html)
- 2026-09-18 — MONEYCONTROL: **OPINION | The Trust at the Top: Why accountability needs no listing** — Tata Group, Companies, Noel Tata, opinion — [Source](https://www.moneycontrol.com/news/opinion/the-trust-at-the-top-why-accountability-needs-no-listing-14032842.html)
- 2026-09-18 — BUSINESSTODAY: **Waaree, Netweb, Tata Power, Sterlite Tech among 42 stocks in Goldman Sachs’ India AI Enablers portfolio** — Waaree Energies share price, Netweb share price, Tata Power share price, Sterlite Tech share price, Adani Enterprises share price, Kaynes Tech share price, Goldman Sachs, AI Enablers — [Source](https://www.businesstoday.in/markets/stocks/story/waaree-netweb-tata-power-sterlite-tech-among-42-stocks-in-goldman-sachs-india-ai-enablers-portfolio-556362-2026-09-18)
- 2026-09-18 — The Hindu: **Shapoorji Pallonji Group backs Tata Sons listing; Tata Group stocks fall** — Shapoorji Pallonji Group supports Tata Sons' potential listing, proposing to sell a stake worth at least ₹25,000 crore. — [Source](https://www.thehindu.com/business/industry/shapoorji-pallonji-group-backs-tata-sons-listing-tata-group-stocks-fall/article71479468.ece)
- 2026-09-18 — The Hindu: **Tata Group stocks fall after SP Group unveils ₹25,000 crore stake sale plan** — As of 9:40 am, Tata ‌Chemicals tumbled as much as ‌7.8%, ⁠while Tata Investment ⁠Corporation fell 3.9%. Tata Motors Passenger Vehicles dropped 2.6% and Tata Power lost 1.4%. — [Source](https://www.thehindubusinessline.com/markets/tata-group-stocks-fall-after-sp-group-unveils-25000-crore-stake-sale-plan/article71479408.ece)
- 2026-09-18 — News18: **Tata Group Stocks Crash Up To 8% After Tata Trusts Challenges Chandra Reappointment; Tata Chemicals Leads Decline** — Tata Chemicals was the biggest decliner among the major Tata stocks, falling 7.67% to Rs 719.50 around 9:55 am. — [Source](https://www.news18.com/business/markets/tata-group-stocks-crash-up-to-8-after-tata-trusts-challenges-chandra-reappointment-tata-chemicals-leads-decline-10338110.html)
- 2026-09-18 — Orissa POST: **Women’s FPO turns farmland into 1-MW solar project - OrissaPOST** — Nandapur: A women-led farmers’ producer organisation (FPO) in Koraput is turning 13 acres of farmland into a dual-purpose agricultural and solar power project, with 1,735 solar panels expected to generate 1 megawatt of electricity while farming continues on the same land. The project, located in Kulabir village near the Jolaput reservoir in Nandapur block, has […] — [Source](https://www.orissapost.com/womens-fpo-turns-farmland-into-1-mw-solar-project)
- 2026-09-18 — MONEYCONTROL: **Tata Chemicals shares crash 7.5% amid Tata Sons listing row; TMPV, TCS down 2%: Here's why** — Tata Chemicals share price, Tata sons, Tata Trust, Tata group — [Source](https://www.moneycontrol.com/news/business/markets/tata-chemicals-shares-crash-7-5-amid-tata-sons-listing-row-tmpv-tcs-down-2-here-s-why-14032685.html)
- 2026-09-18 — BUSINESSTODAY: **Tata Chemicals, Tata Investment shares drop up to 8%: Why Tata stocks are falling today** — Tata Chemicals share price, Tata Investment share price, Tata stocks — [Source](https://www.businesstoday.in/markets/stocks/story/tata-chemicals-tata-investment-shares-drop-up-to-8-why-tata-stocks-are-falling-today-556332-2026-09-18)
- 2026-09-18 — News18: **Who Owns Tata Sons? Tata Trusts, SP Group and The Shareholding Structure Explained** — The Tata group says 66% of the equity share capital of Tata Sons is held by philanthropic trusts, with the trusts supporting causes including education, healthcare, art & culture. — [Source](https://www.news18.com/business/markets/who-owns-tata-sons-tata-trusts-sp-group-and-the-shareholding-structure-explained-ws-l-10337998.html)
- 2026-09-18 — Economic Times: **Tata stocks rise on listing hopes, Chandra's extension** — Tata Sons has announced the reappointment of N Chandrasekaran as executive chairman for the next five years, sparking discussions about future strategic moves, including a possible listing. However, Tata Trusts has deemed this reappointment legally void, signaling potential tensions that may hinder group initiatives and delay unlocking shareholder value. The conflicts between these entities are significant as they impact leadership and strategic direction. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/tata-stocks-rise-on-listing-hopes-chandras-extension/articleshow/134323267.cms)
- 2026-09-17 — Times of India: **Judge Amogh Kaloti: The man who holds key to Tata dispute** — img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/134321260.cms" / — [Source](https://timesofindia.indiatimes.com/business/india-business/judge-amogh-kaloti-the-man-who-holds-key-to-tata-dispute/articleshow/134321260.cms)
- 2026-09-17 — Economic Times: **Inside Tata's empire as N. Chandrasekaran secures another five-year term** — Tata Sons reappointed N. Chandrasekaran as chairman for another five years. The conglomerate's aviation business includes Air India and Air India Express. Tata Motors transformed into a global automotive group after acquiring Jaguar Land Rover. Tata Consultancy Services remains a significant contributor to dividend income. Tata Steel and Tata Power are key players in their respective industries. — [Source](https://economictimes.indiatimes.com/news/company/corporate-trends/inside-tatas-empire-as-n-chandrasekaran-secures-another-five-year-term/articleshow/134311064.cms)
- 2026-09-17 — BUSINESSTODAY: **Chandra reappointed as Tata Sons chief: Here are 6 lessons on AI, ambition, change & leadership from him** — Chandra reappointed as Tata Sons chief: Here are 6 lessons on AI, ambition, change & leadership from him — [Source](https://www.businesstoday.in/latest/corporate/story/chandra-reappointed-as-tata-sons-chief-here-are-6-lessons-on-ai-ambition-change-leadership-from-him-556180-2026-09-17)
- 2026-09-16 — BUSINESSTODAY: **Tata Power shares: Tata Sons listing may unlock value; brokerage decodes impact** — Tata Power, Tata Sons, Tata Power shares, Tata Power stock, Tata Sons listing, Tata Sons IPO, Tata group, value unlocking, Axis Capital, brokerage target, Tata Power target price, SOTP, holding company discount, Tata Power investment in Tata Sons — [Source](https://www.businesstoday.in/markets/stocks/story/tata-power-shares-tata-sons-listing-may-unlock-value-brokerage-decodes-impact-555886-2026-09-16)
- 2026-09-15 — Mint: **How Tata Sons listing may impact Tata Power shares? Axis Capital explains** — Tata Sons' potential listing may unlock significant value for Tata Power, which holds a 1.65% stake in Tata Sons. Axis Capital predicts a 14% price upside, valuing Tata Power's stake up to  ₹16500 crore if Tata Sons lists at  ₹10 lakh crore. — [Source](https://www.livemint.com/market/stock-market-news/how-tata-sons-listing-may-impact-tata-power-shares-axis-capital-explains-11789466953739.html)
- 2026-09-15 — DECCANCHRONICLE.COM: **Tata Power-Kleros Row Spotlights Arbitrators Rules & Third-Party Funding** — The Indian entity explores its next legal option following a setback in Singapore — [Source](https://www.deccanchronicle.com/business/tata-power-kleros-case-puts-arbitrator-disclosure-third-party-funding-under-spotlight-1987559)
- 2026-09-15 — MONEYCONTROL: **RBI rejects Tata Sons Surrender Application | Listed Tata Stocks Rally | Centre Point** — Tata Sons, Tata Group, Tata Trusts, N Chandrasekaran, video, Moneycontrol, Sir Ratan Tata Trust, Tata Sons Board meeting — [Source](https://www.moneycontrol.com/news/videos/business/markets/rbi-rejects-tata-sons-surrender-application-listed-tata-stocks-rally-centre-point-14030173.html)
- 2026-09-15 — CNBC-TV18: **Explained | How Tata Sons listing may affect Tata Group shareholders** — RBI rejected Tata Sons' application to surrender its CIC registration, pushing it towards a potential stock-market listing as an Upper Layer NBFC. — [Source](https://www.cnbctv18.com/business/companies/tata-sons-listing-impact-on-tata-group-shareholders-19990709.htm)
- 2026-09-15 — CNBC-TV18: **11:11 |  HDFC Bank CNBC-TV18 Exclusive; Tata Sons, US treasuries, Emmys and more** — Hello and Welcome to CNBC-TV18's Morning Newsletter Today, we take a look at HDFC Bank's exclusive to CNBC-TV18 amid its hunt for its next CEO-MD, Tata Sons moves closer to listing, pushing the group stocks higher, the 78th Emmys, 6 new IPO allotments, US 10-year treasuries and more. — [Source](https://www.cnbctv18.com/business/1111-hdfc-bank-cnbc-tv18-exclusive-tata-sons-us-treasuries-emmys-and-more-19990524.htm)

## Business profile

**Strategic vision:** Generates and distributes electricity from diverse energy sources.

### Business segments
- **Conventional Energy:** Includes generation from thermal and hydro sources.
- **Renewable Energy:** Significant focus on solar and wind power projects for commercial and industrial clients.
- **Transmission and Distribution:** Operates transmission lines and distribution networks, aiming for cleaner energy supply and enhanced grid reliability.
- **New-Age Energy Solutions:** Encompasses solar rooftop installations, an electric vehicle (EV) charging ecosystem, and Energy-as-a-Service (EaaS) offerings.
- **Solar Manufacturing:** Engaged in the manufacturing of solar cells and modules.

### Competitive strengths
- Operates across the entire power value chain.
- Manages dedicated transmission lines and distribution businesses.
- Integrated solar manufacturing operation.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/tatapower
Markdown representation: https://faxioms.com/stocks/tatapower?render=md