Capacity expansion, long-term PPAs, and a robust project pipeline position the company for sustained performance amid India's rising power demand

ergy Limited continues to strengthen its position as one of India's leading integrated power companies, delivering robust operational growth backed by a balanced mix of thermal and renewable assets. With installed capacity reaching approximately 13.3-13.4 GW as of early 2026 and a massive locked-in portfolio of over 32 GW (including under-construction and pipeline projects), the company is well on track to surpass its ambitious target of 30 GW generation capacity and 40 GWh of energy storage by 2030. Recent quarterly results underscore this momentum. In Q3 FY26, the company reported revenue of around ₹4,082-4,255 crore, reflecting strong year-on-year growth driven by higher generation and new capacity additions. Power sales surged significantly, supported by a diversified portfolio where renewables now contribute a growing share. While some quarters showed sequential moderation due to softer merchant prices and seasonal factors like extended monsoons, the underlying trajectory remains positive, with analysts highlighting healthy EBITDA growth and improved margins from operational efficiencies.