TATA POWER: TPREL COMMISSIONS 419 MW UTILITY-SCALE

TATA POWER: TPREL COMMISSIONS 419 MW UTILITY-SCALE CAPACITY AND 131.2 MWh STORAGE

TPREL commissioned 419 MW of utility-scale renewable projects, marking over 130% YoY growth versus 182 MW in the year-ago quarter. Commissioned 131.2 MWh of storage projects, including 101.2 MWh in-house and 30 MWh for third-party customers. H1 FY27 execution reached 645 MW of utility-scale projects and 161.2 MWh of storage capacity. Operational utility-scale portfolio increased to 7.2 GW, comprising 5.8 GW solar, 1.3 GW wind and 281.2 MWh battery storage. TPREL expects to add 2+ GW in H2 FY27, including 1,075 MW solar, 969 MW wind and 274 MWh BESS. By FY27-end, operational capacity is expected to reach around 9.3 GW, with another ~2.6 GW planned in FY28, taking overall operational capacity to ~12 GW. Impact: Positive — Strong commissioning momentum, rapid expansion in renewable and storage capacity, and a sizeable near-term execution pipeline improve growth visibility.