Latest news with #GharGharSolar
Time of India
a day ago
- Business
- Time of India
Tata Power eyes 125 MW rooftop plants in Raj this yr
Jaipur: Tata Power Renewable Energy Ltd on Monday rolled out Ghar Ghar Solar campaign in Jaipur to accelerate the adoption of residential rooftop solar. Residents can install Rooftop Solar systems with minimal upfront investment starting from Rs 7,499 for 2 kW (with EMIs starting from Rs 2499) and Rs 9,999 for 3 kW with entry EMIs of Rs 3,209. Praveer Sinha, CEO & MD of Tata Power said the initiative will turn solar adoption from an aspiration into an economically viable option. The company has achieved a cumulative installation of 180 MW capacity through 7,600 rooftop solar systems across residential and commercial segments in Rajasthan. "In FY26, the company aims to install 125 MW of plants in Rajasthan, comprising both segments," added Sinha. tnn
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Business Standard
04-07-2025
- Business
- Business Standard
Tata Power outlines green push, aims to become clean energy major
Tata Power Chairman N Chandrasekaran on Thursday outlined the company's strategy to accelerate its transition into a clean, consumer-centric energy major, highlighting record financial performance in FY25. Speaking at the company's 106th Annual General Meeting, Chandrasekaran said Tata Power is 'ideally positioned' to lead India's energy transition, with a generation portfolio that has crossed 25 GW—65 per cent of which comes from clean and green sources. The company is now focusing on hybrid renewable solutions and round-the-clock green energy by integrating solar, wind, hydro, and storage. Tata Power's 4.3 GW solar manufacturing facility in Tirunelveli, Tamil Nadu, is now fully operational. It has also partnered with Bhutan's Druk Green Power to develop 5 GW of cross-border renewable and hydropower projects. Chandrasekaran said the company has evolved into a consumer-facing brand with rooftop solar and EV charging solutions. Tata Power is India's leading rooftop solar provider and has one of the country's largest EV charging networks. Its "Ghar Ghar Solar" campaign aligns with the government's Surya Ghar Yojana, he said. Tata Power won transmission projects worth ₹4,800 crore, taking its network to over 7,000 circuit kilometres. Its DISCOMs now serve 12.8 million customers across seven regions including Delhi, Mumbai, and Odisha, he said. Looking ahead, Chandrasekaran said the company is well-placed to participate in India's clean energy future, including the potential opening of the nuclear power sector to private firms. Chandrasekaran also paid tribute to the victims of the AI-171 air tragedy and the late Ratan Tata, calling him 'a mentor and visionary whose values will always guide the group.'
Business Upturn
04-07-2025
- Business
- Business Upturn
Tata Power Adds 45,589 Rooftop Solar Units in Q1 FY26, Sets Record
Tata Power Renewables set a new record in Q1 FY26 with 45,589 rooftop solar installations, marking a 416% YoY growth and pushing total capacity past 3.4 GW. By Riddhima Jain Published on July 4, 2025, 16:38 IST Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, recorded its highest-ever rooftop solar growth in Q1 FY26, achieving 45,589 new installations and adding 220 MW of capacity. This marks a 416% year-on-year increase compared to Q1 FY25, when the company installed 8,838 systems. With this milestone, TPREL's total rooftop solar installations now exceed 2.04 lakh, pushing the company's cumulative installed capacity beyond 3.4 gigawatts (GW). The surge further strengthens Tata Power's leadership in India's rooftop solar segment and supports national efforts toward decentralised renewable energy adoption. The record-breaking additions contribute directly to the government's Pradhan Mantri Surya Ghar Muft Bijli Yojana (PMSGY). TPREL is actively implementing this scheme through its 'Ghar Ghar Solar' campaign, aimed at promoting residential rooftop solar adoption across India. TPREL serves residential, commercial, and industrial customers, with more than 1.8 lakh installations in the residential sector alone. The company's services are supported by a wide network of 604 channel partners and 240 authorized service providers, covering over 900 cities nationwide. In addition to installations, TPREL is expanding its manufacturing capabilities, with a 4.3 GW solar cell and module production capacity in India. This end-to-end solar value chain—from manufacturing to rooftop deployment—positions Tata Power as a key contributor to India's clean energy targets, including the national goal of achieving 500 GW of non-fossil fuel capacity by 2030. Ahmedabad Plane Crash
Mint
04-07-2025
- Business
- Mint
Tata Group stock Tata Power declares Q1FY26 update, achieves record growth in rooftop solar installation
Tata Group stock Tata Power, a key player in India's renewable energy space announced a strong business update for the quarter ending June 2025 (Q1FY26). The company's renewable energy arm, Tata Power Renewable Energy Limited (TPREL), reported record rooftop solar installations during the quarter, reaffirming its leadership in the distributed solar segment. However, the update had limited impact on the stock price, which remained range-bound in Friday's trade. In its official update, Tata Power said that TPREL achieved a staggering 45,589 rooftop solar installations in Q1FY26 — a massive 416% year-on-year growth compared to just 8,838 installations in the same quarter last year. The company said this record-breaking performance further strengthens its position as India's No. 1 rooftop solar provider. The Q1FY26 installations pushed TPREL's cumulative rooftop solar capacity beyond 3.4 GW, spread across a total of 2,04,443 installations. Tata Power said this expansion showcases its key role in driving India's clean energy transition and contributes meaningfully to the national target of achieving 500 GW of non-fossil fuel capacity by 2030. The company highlighted its active role in supporting the government's Pradhan Mantri Surya Ghar Muft Bijli Yojana through its 'Ghar Ghar Solar' campaign. TPREL has been delivering customized rooftop solar solutions to residential, commercial, and industrial clients across the country, thereby furthering the goal of decentralized solar energy adoption. TPREL has created a formidable distribution and service network across the country, enabling its rapid growth. The company now has 604 channel partners across 400 cities and 240 authorized service partners spanning 560 cities. With a customer base of more than 2 lakh — including over 1.8 lakh residential customers — TPREL has firmly established itself as a trusted rooftop solar partner in India. Besides rooftop installations, Tata Power is also expanding its footprint in solar manufacturing. The company highlighted that it now possesses a robust manufacturing capacity of 4.3 GW for solar cells and modules within India. Coupled with its 3.4 GW installed rooftop capacity, this dual presence underscores its scale and ambition to support India's energy security and sustainability efforts. 'TPREL's consistent performance underscores its commitment to a cleaner energy future. Its efforts not only align with the national goals but also position it as a leading player in the complete solar energy value chain — from manufacturing to installation and service,' the company noted in the filing. Despite the robust business update, Tata Power shares saw a muted reaction on Friday, July 4. The stock touched an intra-day high of ₹ 403.50, gaining around 1 percent, but later slipped into the red to hit a low of ₹ 398.70. Over the past year, the Tata Group stock has corrected nearly 8 percent. So far in July, it is down a little over 1 percent after gaining for four straight months — up 3.2 percent in June, 2.2 percent in May, 2.4 percent in April, and a strong 10.7 percent in March. Before this rally, the stock had declined 7 percent each in both January and February 2025. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
04-07-2025
- Business
- Business Standard
Tata Power Renewable Energy records a stellar 416% YoY growth in rooftop solar installation in Q1 FY26
Tata Power Renewable Energy (TPREL), a subsidiary of The Tata Power Company, has delivered a record breaking performance in Q1 FY26, reinforcing its market leadership in rooftop solar. TPREL has achieved an unprecedented 45,589 rooftop solar installations in Q1 FY26, marking a staggering 416% year-on-year growth compared to 8,838 installations in Q1 FY25. This milestone highlights Tata Power's unwavering commitment to driving India's clean energy transition. The Q1 FY26 installations propelled TPREL to a nationwide total of 2,04,443 rooftop solar installations, with cumulative capacity surpassing 3.4 GW. This milestone not only reflects TPREL's rapid growth but also underscores its pivotal role in accelerating India's renewable energy transformation. This milestone highlights TPREL role as a key enabler of India's decentralised renewable energy transition and supports the national goal of achieving 500 GW of non-fossil fuel capacity by 2030. By accelerating rooftop solar installations, TPREL is actively supporting the Government's vision to boost solar adoption under the Pradhan Mantri Surya Ghar Muft Bijli Yojana through its flagship Ghar Ghar Solar campaign. Delivering tailored solar rooftop solutions across residential, commercial, and industrial sectors, TPREL is playing a vital role in advancing India's energy security and sustainability ambitions.
