Renewable capacity target of 2.5-2.7 GW for FY27
200 MW already commissioned by June 30, another 500 MW expected within weeks, with balance capacity spread across subsequent quarters. Current portfolio at 6.7 GW will cross 9 GW by year-end.
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Tata Power Company · forward-looking guidance across the available source record.
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What management said would happen.
expansion
Rooftop solar revenue growth of 60-70% in FY27
After doubling revenue to ₹4,800 crore in FY26, management expects continued strong growth of 60-70% driven by robust demand, channel partner expansion, and new battery storage offerings for residential and industrial segments.
Q2 commissioning of 800-900 MW renewable capacity
Pipeline of sight for 500 MW nearly ready with commissioning expected in Q2. TBCB projects (Agra and Fatehgarh lines) will also get commissioned by October, enabling revenue recognition to start flowing.
Full-year capex of ₹25,000 crore with 50% execution visibility
Q2 capex expected at ₹6,000-6,500 crore as PSP work accelerates and renewable commissioning consumes significant capital. Capital allocation split between new projects with clear line of sight and existing T&D pipeline.
Capex of ₹25,000 crore in FY27
Management expects to spend ₹25,000 crore in FY27, including delayed projects from FY26.
2.5 GW renewable capacity addition in FY27
Target to commission 2.5 GW of renewable capacity (solar, wind, hybrid) in FY27.
Rooftop solar growth of 50-60% in FY27
Expects rooftop solar business to grow 50-60% in FY27, maintaining ~20% market share.
Mundra SPA with four states in 4-6 weeks
Expects to finalize supplementary PPAs with remaining four states within 4-6 weeks.