#tatapower

📢 Attention investors! Tata Power, one of India's leading integrated power companies, has positioned itself as a key player in the Indian power sector with its focus on renewable energy and sustainable development. With Tata Power's share price steadily increasing over the past year and its renewable energy capacity growing significantly, investors are wondering what the share price target for 2025 might be.

Factors such as renewable energy growth, regulatory changes, economic growth, and international markets may affect the performance of Tata Power's shares in the coming years. However, many analysts remain optimistic about the company's future and believe that the share price may continue to rise.

As with any investment, there are both risks and potential rewards associated with investing in Tata Power shares. The decision to invest should be made after careful consideration of personal investment goals, risk tolerance, and an evaluation of the company's financial performance and potential for growth.

CARE Ratings has reaffirmed its CARE AA+; Stable rating on The Tata Power Company Limited's Rs. 35 crore long-term bank facilities and Rs. 1,000 crore non-convertible debentures, citing the company's integrated 16.7 GW operational portfolio as on 31 March 2026. The agency identified power purchase agreements covering more than 98% of operating capacity as the principal source of revenue visibility.

Rating context

The reaffirmation is significant because Tata Power operates across generation, transmission and distribution, providing earnings stability through a diversified business structure. According to CARE, the 16.7 GW portfolio comprises 8.8 GW thermal, 6.4 GW renewables, 0.9 GW hydro and 0.4 GW waste-heat capacity, reducing dependence on any single business segment.

The rating also reflects a consolidated debt-to-EBITDA ratio of 3.8x in FY26 despite continuing capital expenditure and refinancing requirements.

Operational performance and expansion plans

During FY26, Tata Power commissioned approximately 968 MW of renewable-energy capacity and maintained a 5.1 GW under-construction renewable pipeline as of 31 March 2026.

A supplementary power purchase agreement with Gujarat Urja Vikas Nigam Limited now covers about 48% of the 4,150 MW Mundra thermal plant, improving fuel-cost recovery visibility.

TP Solar Limited produced 3.8 GW of solar cells and modules during the year, with operating margins improving to 25% from 16% a year earlier.

Management has guided annual capital expenditure of roughly Rs. 20,000 crore over the next three years across renewables, pumped storage, transmission, distribution and manufacturing businesses.

Implications and outlook

For bondholders and lenders, the AA+ reaffirmation supports continued access to low-cost capital as Tata Power undertakes one of the sector's largest capital-investment programmes.

The key issue for analysts remains execution, with plans for renewable additions of 2–2.5 GW annually over the next three years.

CARE highlighted refinancing risk, interest-rate exposure and weather variability across renewable assets as key monitorables.

Wider significance

CARE stated that the rating continues to benefit from Tata Power's diversified business profile and strategic importance within the Tata Group.

With a 16.7 GW operational base, Tata Power remains among India's largest integrated power utilities.

okay so this is actually a pretty big deal for anyone watching India's clean energy space

Tata Power just announced a Cooling-as-a-Service (CaaS) deployment at Intellion Park in Chennai - that's the 25-acre IT campus in Taramani that houses some of the biggest global tech companies operating in India.

what's CaaS? basically instead of buildings buying and running their own cooling equipment, a provider (here it's Tata Power + Keppel) installs and manages everything. the building just pays for the cooling output.

the scale here is 12,100 TR capacity. going live October 2026. 15-year contract. expected to cut energy use by 20%.

the AI angle: Keppel has a patented Operations Nerve Centre (ONC) that uses ML for real-time monitoring and auto-optimisation. so the system isn't just running - it's continuously learning and adjusting.

and Intellion Park already buys green power from Tata Power, so this is basically layering CaaS on top of an existing clean energy setup. full ecosystem.

more projects in the pipeline too - data centres, airports, manufacturing, even district cooling for entire planned cities.