The move is likely to translate into a reduction of around Rs 12 paisa per unit in their cost of electricity supply as coal-based capacity accounts for nearly 70% of total generation at an all-India level, according to ICRA Ltd.
The GST council will also look at reducing the tax on solar panels and windmill components from 12% to 5%
The decision is expected to boost power companies such as Tata Power, Adani Green Energy, Greenko Group, JSW Energy and Torrent Power which have announced plans on pumped storage projects.
Margins in coal and regulated businesses slipped on lower incentives while renewable margins improved on better PLF and cost control.
The wind turbines will not just be 'Made in India', but 'Made in Andhra Pradesh' too. With Tata Power's project, wind energy farms will make a comeback in Andhra Pradesh after a hiatus of 6 years.
The company has multiple levers to power growth
Tata Power’s move can be an indicator of an overall decline in the pace of installation of public EV charging units in India. Last month, Karnataka government had to scrap its ambitious plan of to set up 2,500 EV charging stations across the state citing poor response from private companies.
Praveer Sinha, CEO of Tata Power, also said the company plans to double its rooftop solar business from the current 25,000 installations per month to 50,000 by the end of FY26.
ICICI Securities is bullish on Tata Power recommended buy rating on the stock with a target price of Rs 465 in its research report dated August 04, 2025.
Motilal Oswal is bullish on Tata Power recommended buy rating on the stock with a target price of Rs 487 in its research report dated August 02, 2025.
Tata Power posted a net profit of Rs 1,060 crore for the June quarter, up 9 percent YoY from the Rs 971 crore in the same period last year.
Tata Power Q1 Results LIVE: EBITDA rose 17% YoY to Rs 3,930 crore.
Justifying its reversal of the mandate, the environment ministry said current exposure levels provide no credible evidence to suggest that sulphur dioxide (SO₂), under prevailing ambient conditions, is a major public health concern.
The ruling deals a setback to the company, sparking investor concerns over potential financial impact
The company’s business is improving across the value chain and the stock has corrected quite a bit in the last 7-8 months
The government expects Rs 6.67 lakh crore investment in thermal power by FY32 as firms rush to meet rising demand.
Motilal Oswal is bullish on Tata Power recommended buy rating on the stock with a target price of Rs 476 in its research report dated May 14, 2025.
Tata AutoComp Systems will manufacture batteries and provide them to Tata Power, which will execute all renewable energy power projects with battery energy storage systems, Tata Power CEO and MD Praveer Sinha told Moneycontrol.
ICICI Securities is bullish on Tata Power recommended buy rating on the stock with a target price of Rs 470 in its research report dated May 15, 2025.
Tata Power Q4 results: Revenue rises 8% to Rs 17,096 crore
A slew of renewable energy players opted out of the state between 2019 and 2023, but the Chandrababu Naidu administration is trying to change that with a new clean energy policy. Project approvals and land for ReNew Power's 2.5 GW project with 1 GWh of battery storage was cleared by the government in four months.