TATA POWER CO.LTD.

Tata Power Company Ltd has announced a litigation update regarding a dispute with the Maharashtra Electricity Regulatory Commission (MERC). The Appellate Tribunal for Electricity (APTEL) has ruled in favor of Tata Power, stating that MERC incorrectly disallowed Property Tax as an Uncontrollable O&M expense and disallowed Income Tax for FY 2007-08 to FY 2013-14. APTEL has remanded these issues back to MERC for a decision. The potential financial implication is approximately ₹268 crore, though the final amount will be determined after MERC's order.

Tata Power Renewable Energy Limited (TPREL) has commenced construction on an 800 MW renewable energy project in Andhra Pradesh. The project, a significant milestone for the company's clean energy transition, involves an investment of ₹5,750 crore. It will comprise 400 MW of solar capacity and 400 MW of wind power capacity. The wind component will be developed by Suzlon. The project is expected to generate employment for 4,000 local people and will utilize 3,462 acres of land. This initiative aligns with the Andhra Pradesh Integrated Clean Energy (ICE) Policy and aims to accelerate renewable capacity addition in the state.

Tata Power Company Limited has acquired a 100% equity stake in Ryapte Power Transmission Limited (RPTL), a project special purpose vehicle (SPV), for a cash consideration of ₹10.87 crore. RPTL was established on a Build-Own-Operate-Transfer basis to provide transmission services. The acquisition, completed on July 30, 2026, involves establishing a transmission system comprising approximately 250 km of lines and substations in Karnataka. The scheduled commercial operation date for the SPV is 30 months from the acquisition date. This move aligns with Tata Power's strategy to establish and operate transmission services.

Tata Power Company Ltd's Board of Directors has approved the issuance of Non-Convertible Debentures (NCDs) up to an aggregate amount not exceeding ₹4,500 crore. These debt securities will be issued on a private placement basis in one or more series/tranches. The funds raised are intended for purposes including the refinancing of existing loans. The approval is within the limits previously sanctioned by shareholders at the Annual General Meeting held on July 4, 2025. The board meeting where this decision was made commenced at 2:00 p.m. (IST) and concluded at 4:15 p.m. (IST).

Tata Power Company Ltd announced its financial results for the quarter ended June 30, 2026 (Q1FY27). The company reported a Profit After Tax (PAT) of ₹1,401 crore, an increase of 11% year-on-year. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ₹4,249 crore, up 8% YoY, while revenue reached ₹18,898 crore, also up 8% YoY. The company highlighted strong performance across its core businesses, with significant growth in Renewables, Solar Manufacturing, and Transmission & Distribution. Key growth drivers include increased capital expenditure, expansion in solar manufacturing capacity, and strong execution in rooftop solar solutions. The company also noted the operational status of its Mundra plant and progress on cross-border partnerships.

Tata Power Company Ltd announced the outcome of its Board Meeting held on July 27, 2026. The Board approved the Audited Standalone Financial Results and Unaudited Consolidated Financial Results for the quarter ended June 30, 2026. The financial results were presented along with the Auditor's Report and Limited Review Report, respectively. The company also informed about the closure and opening of the trading window for its shares. The Board Meeting commenced at 2:00 p.m. (IST) and concluded at 4:15 p.m. (IST).

Tata Power Company Ltd announced that its Board of Directors met on July 27, 2026, to approve the Audited Standalone Financial Results and Unaudited Consolidated Financial Results for the quarter ended June 30, 2026. The meeting commenced at 2:00 p.m. IST and concluded at 4:15 p.m. IST. The company also provided an update on its trading window, which was closed from June 24, 2026, and will reopen on July 30, 2026. The financial results and auditor's reports are available on the company's website.

Tata Power Company Ltd has announced that its Board of Directors will convene on July 27, 2026. The primary agenda item for this meeting is to consider and approve the issuance of Non-Convertible Debentures (NCDs), Bonds, or other Debt Securities on a private placement basis. This move is in line with SEBI regulations and follows a previous communication dated July 17, 2026. The company is exploring debt financing options to potentially fund its operations or expansion plans.

Tata Power Company Ltd has received a Letter of Award (LOA) from Solar Energy Corporation of India Limited (SECI) for providing pumped storage services. The contract is for a 324 MW / 2,592 MWh Pumped Storage Plant (PSP) and will span 40 years from the Scheduled Commencement of Supply Date. The agreed terms include a fixed annual charge and cycle loss. SECI will sign a Pumped Storage Purchase Agreement (PPA) with Tata Power after finalizing a Pumped Storage Sale Agreement with buying entities. The company is expected to commence supply of storage capacity within 36 months of the PPA's effective date. The total annual fixed charge for the 324 MW capacity is ₹351.3 crore.

Tata Power Company Ltd has announced that its Board of Directors will convene on July 27, 2026. The primary agenda items include the consideration and approval of the Audited Financial Results (Standalone) and Unaudited Consolidated Financial Results for the quarter ended June 30, 2026. The company has also informed about the closure and subsequent opening of the trading window for its securities, in line with SEBI regulations and its internal code of conduct for insider trading.