TATA POWER CO.LTD.

Tata Power Company Ltd has disclosed the Key Managerial Personnel (KMPs) authorized to determine the materiality of events and information and make disclosures to stock exchanges. Effective May 1, 2027, the authorized KMPs include Mr. Sanjay Banga (CEO & Managing Director), Mr. Sanjeev Churiwala (Chief Financial Officer), and Mr. Vispi S. Patel (Company Secretary). Mr. Vispi S. Patel will serve as the single point of contact for these disclosures.

Tata Power Company Ltd announced the appointment of Mr. Sanjay Banga as an Additional Director and CEO Designate, effective November 11, 2026. Subsequently, he will assume the roles of CEO and Managing Director for a five-year term from May 1, 2027, to April 30, 2032, subject to shareholder approval. Mr. Banga, currently President – Renewables at Tata Power and CEO & MD of Tata Power Renewable Energy Limited, brings over three decades of experience in the power sector, including leadership roles in distribution, transmission, and project management. He is not related to any existing directors and is not debarred from holding a directorial position.

Tata Power announced its financial results for the quarter and half-year ended September 30, 2026, reporting its highest-ever quarterly Profit After Tax (PAT) of ₹1,652 crore, a 33% year-on-year increase. For the half-year (H1 FY27), PAT reached an all-time high of ₹3,053 crore, up 22% YoY. Revenue for Q2 FY27 grew 26% YoY to ₹19,886 crore, with EBITDA at ₹4,245 crore (up 5% YoY). H1 FY27 saw revenue of ₹38,784 crore (up 17% YoY) and EBITDA of ₹8,494 crore (up 7% YoY). The company invested approximately ₹10,000 crore in H1 FY27, with a significant portion allocated to renewable energy, transmission infrastructure, and pumped storage projects. Growth was driven by broad-based performance across Generation, Renewables, Transmission & Distribution, and green businesses. The company installed 765 MW of clean and green generation capacity in H1 FY27, reaching a total of 8.6 GW. Solar manufacturing produced 1.8 GW of cells and 2.0 GW of modules in H1 FY27.

Tata Power Company Ltd's Board of Directors has approved a significant investment of ₹11,871 crore for an 1,800 MW Pumped Storage Project (PSP) at Shirwata, Maharashtra. This project is slated for completion within 51 months and will be financed through 75% debt and 25% equity. The PSP is crucial for Renewable Energy Round the Clock (RE-RTC) applications, enabling energy shifting and supporting decarbonization efforts in hard-to-abate industries. This strategic addition aims to bolster the company's existing 16.9 GW capacity and enhance its renewable energy infrastructure.

Tata Power Company Ltd announced the outcome of its Board Meeting held on November 11, 2026. The Board approved and took on record the Audited Standalone Financial Results and Unaudited Consolidated Financial Results for the quarter and half-year ended September 30, 2026. The Board Meeting commenced at 2:00 p.m. IST and concluded at 4:25 p.m. IST. The trading window for the company's shares was closed from September 24, 2026, and will reopen on November 14, 2026.

Tata Power's consolidated PAT rose 33% YoY (and 18% QoQ) to ₹1,652 Cr on revenue of ₹19,636 Cr, up 26% YoY and 3% QoQ — comfortably clearing the pre-result Street range of ₹1,350–1,450 Cr PAT and ₹18,500–19,500 Cr revenue flagged in our preview, even stripping out one-offs. Adjusted for a net ₹119.18 Cr exceptional gain (a ₹317.36 Cr gain on losing significant influence over associate Tata Projects Ltd as its stake was diluted from 22.70% to 19.31%, net of ₹102.28 Cr impairment on the Chembur SRA investment property and ₹95.90 Cr impairment on the ABV joint-venture stake held for sale), PAT growth moderates to ~22% YoY (₹1,521 Cr) — still a beat, but the headline +33% overstates underlying earnings power. The revenue surge is not broad-based: standalone (parent-only) revenue, where the Mundra thermal plant sits, more than doubled YoY (₹2,625 Cr to ₹6,107 Cr, +133%) as the plant resumed full operations under the new SPPA with Gujarat Urja Vikas Nigam from April 2026 (Note 2), after being suspended between July 2025 and March 2026 for overhauling. Consolidated growth is milder (+26%) because subsidiaries in renewables and transmission & distribution grew only modestly, diluting the thermal rebound. Reported NPM rose to 8.3% of total income from 7.2% (QoQ) and 7.8% (YoY), but on an adjusted-PAT basis margin is roughly flat YoY (~7.6%) and the near-quadrupling of JV/associate profit contribution (₹487 Cr vs ₹129 Cr YoY) — not core operations — did much of the lifting, consistent with the margin-resilience question our preview flagged going in. On management's prior guidance (2.5–3 GW renewable capacity adds for FY27, ₹25,000 Cr capex, Mundra SPPA operational with state approvals expected Aug–Sep): the SPPA is confirmed operational and has since been extended to 31st December 2026 pending remaining procurer sign-offs, so that marker is on track. Renewables added ~419 MW of utility-scale capacity this quarter plus a 300 MW Karnataka solar project commissioned just after quarter-end (Nov 5) — real progress, but the quarterly run-rate still trails the pace implied by the full-year 2.5–3 GW target. No standalone management press release/commentary was available in the context to corroborate or contrast management's own framing of the quarter. Separately, the Singapore arbitration matter (Note 3) escalated materially: SICC dismissed the company's appeal and an enforcement order was served on 6th November attaching Tata Power's shareholding in Singapore subsidiaries up to SGD 830.77 Cr; the company has appealed to the Apex Court (submissions due 23rd November, hearing 19th January 2027) and taken no P&L provision — a contingent, not a reported, risk this quarter. Going into Q3, the print sets up a test of whether margin can hold as the thermal/renewable mix shifts further and whether the still-elevated JV profit contribution normalises.

Tata Power has filed a notice of appeal with the Singapore Court of Appeal against a judgment dated August 26, 2026, from the Singapore International Commercial Court. This appeal follows previous announcements regarding an arbitration with Kleros Capital Partners Limited. The company is required to submit detailed submissions by November 23, 2026, with the appeal hearing scheduled for January 19, 2027. Meanwhile, Kleros obtained an order on October 26, 2026, directing Tata Power officers to disclose company assets. Subsequently, two Singaporean subsidiaries, Tata Power International Pte. Limited and Bhira Investments Pte. Limited, had their shares attached by a court-appointed Sheriff, despite these shares being pledged to lenders. Tata Power is seeking legal advice on further actions.

Tata Power Renewables (TPREL), a subsidiary of Tata Power Company, has commissioned its 300 MW solar project for Solar Energy Corporation of India (SECI) in Koppal, Karnataka. The project, developed by TP Saurya (a TPREL subsidiary), is expected to generate 810 MUs of renewable energy annually and mitigate approximately 103,820 tonnes of CO₂ emissions each year. It features Solar Trackers and high-efficiency bifacial modules to optimize energy generation. This commissioning brings TPREL's total renewable utility capacity to 12 GW, with 7.2 GW operational. The project also highlights TPREL's commitment to diversity, with women professionals contributing significantly to its execution.

Tata Power has signed a Memorandum of Understanding (MoU) with Bharat Petroleum Corporation Limited (BPCL) to develop 110 kV power infrastructure for BPCL's landmark Petro Resid Fluidized Catalytic Cracking Unit (PRFCCU) project at its Mumbai Refinery. This project requires 90 MW of power. The PRFCCU project is the first of its kind in India's refining sector and a strategic milestone for BPCL. The infrastructure development, estimated at ₹250 crore for both companies, is expected to be completed in approximately 24 months. This initiative will also strengthen Tata Power's transmission network in the Trombay area, supporting future industrial growth and Mumbai's energy security.

Tata Power is emerging as a key partner for India's data centre sector, with a pipeline exceeding 2.8 GW across renewable energy, T&D, and integrated infrastructure solutions. The company is engaging with 18 leading data centre players on 29 workstreams, offering comprehensive solutions from power supply to powered land and grid connectivity. The pipeline includes approximately 430 MW of load under its distribution network, 1,236 MW of transmission-linked opportunities, and 1,150 MW of green energy capacity. Tata Power is also enhancing its Mumbai transmission infrastructure with a ₹15,000 crore plan to support the growing demand from AI and digital platforms, which is projected to add 26.3 GW of electricity demand by FY2031-32.