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Tata makes power move in Maharashtra, worth crores

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In short

The expansion of pumped storage hydro projects aims to enable energy shifting and provide round-the-clock green power. Progress continues on schedule at the Bhivpuri site alongside the newly approved capital commitment for the Shirwata installation. Supporting this green transition, the company maintains an existing overall capacity of 16.9 GW. Strong second-quarter performance in FY27 provided solid backing, marked by a 33% increase in net profit.

Key points

  • Expanding pumped storage infrastructure helps supply round-the-clock renewable electricit…: Expanding pumped storage infrastructure helps supply round-the-clock renewable electricity to industrial customers.
  • Record quarterly profits provide strong financial backing for ongoing long-duration stora…: Record quarterly profits provide strong financial backing for ongoing long-duration storage investments.
  • The operational portfolio now manages an aggregate total existing power capacity of 16.9…: The operational portfolio now manages an aggregate total existing power capacity of 16.9 GW.

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Tata Power is also advancing its pumped storage hydro portfolio, with construction at its Bhivpuri PSP progressing on schedule and the board having secured approval for the capital commitment for the Shirwata project. The move reinforces the company's commitment to building long-duration energy storage capacity to support India's evolving power requirements.

The Shirwata Pumped Storage Hydro Project (PSP) will support renewable energy round-the-clock (RE-RTC) applications by enabling energy shifting and helping decarbonise hard-to-abate industries, the company said.

The investment comes as Tata Power expands its clean-energy and storage portfolio amid rising demand for round-the-clock renewable power from commercial and industrial customers.

The company's overall existing capacity stands at 16.9 GW.

Also Read | Tata Power Q2 Results: PAT jumps 33% YoY to Rs 1,652 crore, revenue rises 26%

Tata Power Q2 FY27 earnings

The investment announcement comes alongside strong financial performance in the second quarter of FY27.

Tata Power reported an all-time high consolidated PAT of ₹1,652 crore in Q2 FY27, marking a 33% year-on-year increase, driven by strong performance across its business…

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