Latest news with #TPREL
Business Upturn
6 days ago
- 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
6 days ago
- 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
6 days ago
- 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.
Business Upturn
6 days ago
- Business
- Business Upturn
Tata Power renewables achieves record 45,500 rooftop installations with 220 MW capacity in Q1 FY26
By Aditya Bhagchandani Published on July 4, 2025, 09:29 IST Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has delivered a record-breaking performance in the first quarter of FY26 by achieving 45,589 rooftop solar installations, totaling 220 MW in installed capacity. This marks a staggering 416% year-on-year growth compared to 8,838 installations in Q1 FY25, further strengthening its leadership in India's rooftop solar segment. With this, TPREL's nationwide total rooftop solar installations have crossed 2,04,443 systems, with a cumulative capacity exceeding 3.4 GW, making a significant contribution toward India's clean energy goals and the government's 500 GW non-fossil fuel capacity by 2030. The company continues to play a pivotal role in supporting the Pradhan Mantri Surya Ghar Muft Bijli Yojana through its Ghar Ghar Solar campaign, delivering customized solar solutions across residential, commercial, and industrial segments. Backed by a strong presence in over 400 cities with 604 channel partners and 240 authorized service partners, TPREL serves a rapidly growing customer base of over 2 lakh clients, including 1.8 lakh residential customers. Beyond rooftop solar, TPREL is also expanding in solar manufacturing, with 4.3 GW cell and module production capacity, further reinforcing its position across the entire solar value chain. About Tata Power: Tata Power is a leading integrated power company with a diversified portfolio of 15.7 GW, of which 6.9 GW is from clean energy sources, accounting for 44% of its total capacity. The company has committed to achieving carbon neutrality before 2045 and currently serves approximately 12.8 million customers across India. Disclaimer: This press release may contain forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially. The company undertakes no obligation to update any forward-looking statements, except as required by applicable laws. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Time of India
7 days ago
- Business
- Time of India
Tata Power Renewable Energy commissions 752 MW solar capacity in Q1 FY26, up 112% YoY
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.
