logo
Tata Power Renewable Energy commissions 752 MW solar capacity in Q1 FY26, up 112% YoY

Tata Power Renewable Energy commissions 752 MW solar capacity in Q1 FY26, up 112% YoY

Time of India03-07-2025
New Delhi: Tata Power Renewable Energy Limited (TPREL), a subsidiary of The
Tata Power Company Limited
, commissioned 752 MW of
solar power projects
in the first quarter of FY26, marking a 112 per cent increase from 354 MW added in the same quarter last year.
With this, the company's total operational utility-scale renewable capacity stands at 5.6 GW, including 4.6 GW of solar and 1 GW of wind. TPREL also plans to commission 1.7 GW of its utility-owned capacity in FY26, in addition to 1 GW of third-party projects.
The company has set a target of achieving 7.3 GW of total operational renewable capacity by the end of FY26, comprising 5.6 GW of solar and 1.7 GW of wind installations.
The
EPC project execution
and Q1 commissioning were completed across various sites, forming part of TPREL's strategy to scale up its
renewable portfolio
in alignment with India's energy transition goals.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

No more shortcuts! Roads ministry tightens stricter rules for highway projects; aims to ensure quality, speed
No more shortcuts! Roads ministry tightens stricter rules for highway projects; aims to ensure quality, speed

Time of India

time10 hours ago

  • Time of India

No more shortcuts! Roads ministry tightens stricter rules for highway projects; aims to ensure quality, speed

NEW DELHI: The ministry of roads has implemented stricter qualification requirements for bidding on road projects under hybrid annuity model (HAM) and engineering, construction and procurement (EPC) mode. These enhanced criteria aim to ensure superior construction quality of highways and expressways whilst securing timely project completion. The revised guidelines, detailed in a circular from the ministry of road transport and highways, specify higher financial prerequisites for bidders, enhanced scrutiny of sub-contracting experience, and revised definitions for highways and core sector projects. The modifications arrive as the government prepares to allocate 124 road projects for 2025-26, valued at Rs 3.5 lakh crore, with HAM accounting for over 80 projects. For HAM projects, the financial capacity requirement has increased to 20% from 15% of estimated project cost, whilst consortium member net worth requirements have risen to 10% from 7.5%. "This will ensure large companies with deep pockets bid for projects and deliver quality construction within the set timelines," ET reported, quoting an industry executive. Regarding EPC projects, bidder net worth requirements have doubled to 10%, whilst annual turnover prerequisites have increased to 20% of estimated project cost. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Поза во сне может многое рассказать о вашем характере! Удивительные Новости Undo The updated highways definition excludes railways, metro rail and ports, which now fall under the core sector classification for both HAM and EPC projects. The government is re-evaluating eligibility norms for highway and infrastructure projects after a high number of delays caused by earlier relaxed financial thresholds. These lower thresholds were introduced to allow smaller contractors to participate, but many lacked the financial strength and capacity to deliver on time. According to CareEdge Ratings, 55% of the 374 hybrid annuity model (HAM) projects awarded between 2015 and 2024 were delayed by more than six months. Earlier in Parliament, union road transport minister Nitin Gadkari stated that as of March 2024, 419 out of 952 ongoing road projects, about 44% were running behind schedule due to various factors including financial constraints and delays in clearances. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Motilal Oswal sees 15–20% upside in L&T and BEL amid strong sector tailwinds
Motilal Oswal sees 15–20% upside in L&T and BEL amid strong sector tailwinds

Economic Times

time12 hours ago

  • Economic Times

Motilal Oswal sees 15–20% upside in L&T and BEL amid strong sector tailwinds

Live Events Larsen & Toubro: Buy| Target Rs 4100| LTP Rs 3540| Upside 15% Bharat Electronics: Buy| Target Rs 490| LTP Rs 409| Upside 20% (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel India's capital goods sector remains well-positioned, driven by a confluence of strong macro enablers and sector-specific catalysts.A robust order book across key verticals such as defence, power transmission & distribution (T&D), renewables, and infrastructure is supporting steady execution coupled with government policy support and easing commodity prices, has created a favourable backdrop for companies operating in the momentum continues to be resilient, led by fresh wins in the defence and infrastructure segments. Recent months have seen strong order inflows, including large-scale projects in high-speed rail, urban infrastructure, and power railways segment, which experienced a slowdown in the previous fiscal, is now showing signs of early multiple players have reported sizable contract wins across both domestic and export markets, reinforcing confidence in the near-term execution pipeline.A notable driver is the government's approval of emergency defence procurement worth ₹400b. This is the fifth such tranche since 2019 and is aimed at fast-tracking acquisitions of critical systems such as drones, missiles, and emergency authorizations come with strict delivery timelines and are expected to significantly benefit companies with indigenous manufacturing inclusion of 28 additional weapon systems for emergency procurement further expands the opportunity set for defence across the sector are expected to vary, with EPC companies benefitting from the phase-out of low-margin legacy projects, and product companies increasingly focusing on higher-value segments and deeper market commodity price corrections in zinc, aluminium, and copper are expected to support cost structures and provide cushion to profitability going the global front, Indian companies are looking to tap into emerging opportunities in the US, Europe, and the Middle an established track record in quality and cost competitiveness, engineering and defence firms are accelerating their export push, especially in renewable energy and advanced defence the outlook for the capital goods sector remains constructive. While a broad-based revival in private capex is still awaited, strong public investment, policy initiatives like Make in India, and increasing global defence and infra spending are expected to sustain growth momentum in the medium & Toubro (LT) remains well-positioned to capitalize on a strong international prospect pipeline (INR19t), stable domestic order flows, and an improving return profile. Core EPC revenue is expected to grow at a 15% CAGR over FY25–28, with EBITDA/PAT CAGR of 18%/21%.Despite geopolitical headwinds and oil price volatility, international markets—especially in the Middle East—remain improved to 16.3% in FY25, supported by better capital allocation and working capital diversified exposure across infrastructure, energy, and hi-tech manufacturing supports long-term growth. Maintain BUY on strong execution, visibility, and return Electronics ( BEL ) is poised for strong growth, driven by a robust order pipeline and increasing indigenization in defense electronics. The company expects INR270b in order inflows and 15% revenue growth in orders like QRSAM and next-generation corvettes are anticipated in FY26-27, ensuring revenue visibility. Enhanced indigenization and consistent R&D spending will sustain strong margin a healthy cash surplus of INR94b as of FY25, BEL has ample scope for capacity expansion, we expect a CAGR of 17%/16%/19% over FY25-27.(The author is Head – Research, Wealth Management, Motilal Oswal Financial Services Ltd : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

Motilal Oswal sees 15–20% upside in L&T and BEL amid strong sector tailwinds
Motilal Oswal sees 15–20% upside in L&T and BEL amid strong sector tailwinds

Time of India

time12 hours ago

  • Time of India

Motilal Oswal sees 15–20% upside in L&T and BEL amid strong sector tailwinds

India's capital goods sector is thriving, fueled by strong macro factors and sector-specific growth drivers. Defence, power, renewables, and infrastructure are witnessing robust order books, supported by government policies and easing commodity prices. Defence procurement and infrastructure projects are boosting order momentum. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Larsen & Toubro: Buy| Target Rs 4100| LTP Rs 3540| Upside 15% Bharat Electronics: Buy| Target Rs 490| LTP Rs 409| Upside 20% (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of .) India's capital goods sector remains well-positioned, driven by a confluence of strong macro enablers and sector-specific catalysts.A robust order book across key verticals such as defence, power transmission & distribution (T&D), renewables, and infrastructure is supporting steady execution coupled with government policy support and easing commodity prices, has created a favourable backdrop for companies operating in the momentum continues to be resilient, led by fresh wins in the defence and infrastructure segments. Recent months have seen strong order inflows, including large-scale projects in high-speed rail, urban infrastructure, and power railways segment, which experienced a slowdown in the previous fiscal, is now showing signs of early multiple players have reported sizable contract wins across both domestic and export markets, reinforcing confidence in the near-term execution pipeline.A notable driver is the government's approval of emergency defence procurement worth ₹400b. This is the fifth such tranche since 2019 and is aimed at fast-tracking acquisitions of critical systems such as drones, missiles, and emergency authorizations come with strict delivery timelines and are expected to significantly benefit companies with indigenous manufacturing inclusion of 28 additional weapon systems for emergency procurement further expands the opportunity set for defence across the sector are expected to vary, with EPC companies benefitting from the phase-out of low-margin legacy projects, and product companies increasingly focusing on higher-value segments and deeper market commodity price corrections in zinc, aluminium, and copper are expected to support cost structures and provide cushion to profitability going the global front, Indian companies are looking to tap into emerging opportunities in the US, Europe, and the Middle an established track record in quality and cost competitiveness, engineering and defence firms are accelerating their export push, especially in renewable energy and advanced defence the outlook for the capital goods sector remains constructive. While a broad-based revival in private capex is still awaited, strong public investment, policy initiatives like Make in India, and increasing global defence and infra spending are expected to sustain growth momentum in the medium & Toubro (LT) remains well-positioned to capitalize on a strong international prospect pipeline (INR19t), stable domestic order flows, and an improving return profile. Core EPC revenue is expected to grow at a 15% CAGR over FY25–28, with EBITDA/PAT CAGR of 18%/21%.Despite geopolitical headwinds and oil price volatility, international markets—especially in the Middle East—remain improved to 16.3% in FY25, supported by better capital allocation and working capital diversified exposure across infrastructure, energy, and hi-tech manufacturing supports long-term growth. Maintain BUY on strong execution, visibility, and return metrics. BEL ) is poised for strong growth, driven by a robust order pipeline and increasing indigenization in defense electronics. The company expects INR270b in order inflows and 15% revenue growth in orders like QRSAM and next-generation corvettes are anticipated in FY26-27, ensuring revenue visibility. Enhanced indigenization and consistent R&D spending will sustain strong margin a healthy cash surplus of INR94b as of FY25, BEL has ample scope for capacity expansion, we expect a CAGR of 17%/16%/19% over FY25-27.(The author is Head – Research, Wealth Management, Motilal Oswal Financial Services Ltd : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store