Tata Power posts record Q2 profit of ₹1,366 crore!

The company reported broad-based contributions from its energy businesses, including renewables, solar manufacturing and power distribution. Its solar manufacturing operations produced: - 0.9 GW of solar cells. - 1 GW of solar modules. During H1 FY27, Tata Power installed 765 MW of clean generation capacity, taking its total installed capacity to 8.6 GW. Major ₹11,871 crore investment announcement Alongside the results, Tata Power's board approved an investment of ₹11,871 crore in a 1,800 MW pumped-storage hydro project at Shirwata, Maharashtra. Important details: 1. Project capacity: 1,800 MW. 2. Estimated investment: ₹11,871 crore. 3. Expected completion: 51 months. 4. Proposed funding: 75% debt and 25% equity. The project is intended to support renewable energy storage and electricity supply during periods of higher demand.