Company updateBusiness Today
Tata Power’s next big bet: Batteries, solar manufacturing and a 10 GW Odisha plant
Positive+54
GreyOak summary
Tata Power plans to aggressively bid for battery energy storage projects and commence work on a 10 GW ingot and wafer manufacturing plant in Odisha. The company aims for renewable capacity to reach 70% of its total by 2030. In Q2FY27, net profit rose 48.6% to ₹1,366 crore, driven by Mundra operations and renewables, though EBITDA margins narrowed to 18.7%.
What it affects
- Tata Power CompanyTATAPOWERPositive +54
Expands into batteries and solar manufacturingRolling sentiment Positive +37
Source
Read the original at Business TodayMore Tata Power Company news
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