Tata Power Q2: Record Profit; ₹11,871 Cr Pumped Storage Plan

TATAPOWER Tata Power Company Limited reported its highest-ever quarterly profit in Q2 FY27, supported by broad-based growth across renewable energy, generation, transmission and distribution businesses. Alongside the results, the board approved a massive ₹11,871 crore investment in a 1,800 MW pumped storage hydro project in Maharashtra. Q2 FY27 Financial Performance Revenue: ₹19,886 crore, up 26% YoY. Reported PAT: ₹1,652 crore, up 33% YoY. PAT Before Exceptional Items: ₹1,521 crore, up 22% YoY. EBITDA: ₹4,245 crore, up 5% YoY. H1 FY27 PAT: ₹3,053 crore, up 22% YoY. H1 FY27 Revenue: ₹38,784 crore, up 17% YoY. Major Announcement: ₹11,871 Crore Pumped Storage Project Tata Power's board has approved an investment of ₹11,871 crore for the development of the 1,800 MW Shirwata Pumped Storage Project in Maharashtra. Key details: Project Capacity: 1,800 MW. Total Investment: ₹11,871 crore. Funding Structure: 75% debt and 25% equity. Completion Timeline: Approximately 51 months. Location: Maharashtra. Solar Manufacturing Expansion The company's solar manufacturing business also delivered strong operational performance. During Q2 FY27: Solar Cell Production: 0.9 GW. Solar Module Production: 1 GW. Module Yield: 97%. Investor Perspective: Tata Power's record quarterly PAT of ₹1,652 crore and 26% revenue growth reflect strong business momentum. The company's aggressive investment in renewable energy and storage infrastructure also strengthens its long-term positioning in India's energy transition. However, investors should monitor the substantial capital expenditure, project execution, debt levels, returns on invested capital and profitability across business segments. Disclaimer: This content is for educational and informational purposes only and should not be considered investment advice or a recommendation to buy or sell any security. Investors should conduct their own research and consider their risk profile before making any investment decision.