Tata Power Co. Ltd.Record ₹5,000+ Cr PAT Despite Mundra Shutdown

Tata Power delivered exceptional full-year performance with PAT exceeding ₹5,000 crores for the first time, despite Mundra plant operating for only three months.

Full-year EBITDA grew eleven percent to ₹16,090 crores driven by strong contributions across all segments. Solar manufacturing PAT more than doubled to ₹857 crores while rooftop solar installations doubled, generating ₹499 crores PAT. Odisha DISCOM posted an eighty-four percent PAT surge to ₹809 crores, with management expecting FY27 to be the best year for this segment. The Mundra SPPA is concluded with Gujarat, with remaining four states expected to finalize within four to six weeks.

Management outlined a strategic shift toward hybrid renewable projects with storage, targeting utilities and large commercial customers including Tata Steel and data centers. The company plans ₹25,000 crores capex in FY27, with five gigawatts renewable pipeline split equally between FY27 and FY28. A new ten gigawatt wafer and ingot plant will commence to achieve full solar manufacturing vertical integration by June 2028, supporting domestic content requirements.