Motilal Oswal is bullish on Tata Power has recommended buy rating on the stock with a target price of Rs 455 in its research report dated February 04, 2026.
With the US tariffs easing to 18% and recently announced FTA with Europe, Tata Power plans to export its solar cells and modules to the US and Europe in FY27 and says that the company will be very competitive to supply to various markets.
The company’s transition from a predominantly thermal-led utility to a diversified, clean-energy-focused integrated power player is becoming increasingly visible in its financial outcomes.
Speaking on the recently announced India-US trade deal, Tata Power said that the deal will open many opportunities including working with US companies on technology in the renewable and nuclear space.
The project will be the largest ingot and wafer manufacturing facility in the country
The fund will be used to refinance existing debt, invest in clean energy projects and for general corporate reasons, the report said citing sources
The company is exploring various locations in states like Odisha, Tamil Nadu, and Andhra Pradesh among others.
Motilal Oswal is bullish on Tata Power recommended buy rating on the stock with a target price of Rs 500 in its research report dated December 15, 2025.
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 December 16, 2025.
Tata Power's CEO and MD Praveer Sinha said he is expecting Uttar Pradesh to be the next state government to put out bids for private participation in its discoms
The signing may happen in a few days, Praveer Sinha, the company's managing director and chief executive officer said in an interview with Moneycontrol
Power regulator CERC issued a suo motu order on November 4 directing all renewable energy developers (solar, wind, etc.) to pass on the benefit of the reduced tax rate to the discoms and, ultimately, to end consumers through a corresponding reduction in the electricity tariff.
Ministry of New and Renewable Energy (MNRE) will cut the pace of renewable energy auctions in FY26-27 amid surplus supply and connectivity hurdles. However, India is still on track to achieve its 500 GW non-fossil fuel-based power generation target by 2030, MNRE Secretary Santosh Kumar Sarangi told Moneycontrol.
Tata Power has 5.4 GW of projects in pipeline and we will be able to complete all this in the next two years. So, any new bid that we win will come only in the third year. This is in fact the current scenario for the entire renewable energy sector in India, which is why the government is reassessing its scale of tendering such projects, Sinha said.
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 November 12, 2025.
Motilal Oswal is bullish on Tata Power recommended buy rating on the stock with a target price of Rs 500 in its research report dated November 11, 2025.
Tata Power reported a marginal decline in its consolidated net profit for the second quarter of FY26, coming in at Rs 919.4 crore, down 0.7 percent year-on-year from Rs 926.5 crore. CEO Praveer Sinha attributed this to heavy monsoon across India which dampened electricity demand.
The proposed restructuring scheme for state-owned discoms can be seen as a preparatory platform for the Indian government’s larger goal to implement the draft Electricity Amendment Bill, 2025 which seeks to introduce competition in the power distribution sector by ending the monopoly of state-owned discoms.
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.