Tata-Group Power Company Collaborates with Suzlon to Co-Develop 838 MW Capacity Wind Energy Projects

Tata Power Renewable Energy Limited (TPREL), a key player in India’s green energy landscape and a subsidiary of The Tata Power Company Limited (Tata Power), has signed a contract with Suzlon Group (Suzlon) for the supply of wind turbine generators with a combined capacity of 838 MW. These turbines will support TPREL’s various projects across multiple states, scheduled for completion over the next few years. This partnership reinforces TPREL’s position as a leader in India’s renewable energy transition, playing a vital role in advancing the country’s target of reaching 500 GW of renewable energy capacity by 2030. It also reflects TPREL’s focus on scaling up wind-led clean energy projects that are reliable, dispatchable, and economically viable.

TPREL has a wind energy portfolio exceeding 3.9 GW, with over 1 GW operational and the remainder under various stages of development across Rajasthan, Gujarat, Madhya Pradesh, Maharashtra, Andhra Pradesh, Karnataka, and Tamil Nadu. Under the agreement, Suzlon - a prominent renewable energy player- will deliver a comprehensive end-to-end solution for these projects, leveraging its extensive expertise in the wind energy domain. The agreement marks the third strategic collaboration between TPREL and Suzlon, highlighting a strong partnership built over more than a decade. This initiative supports Tata Power’s overarching goal of achieving 100 per cent clean energy by 2045 and complements its expanding renewable energy portfolio, which currently totals 15.7 GW, with 6.9 GW sourced from clean energy.

About the Company

Tata Power Company Ltd, a leading integrated power company under India's largest conglomerate Tata Group, boasts a diverse portfolio of 14,707 MW spanning the entire power spectrum. This includes the generation of both renewable and conventional energy, along with transmission, distribution, trading, storage solutions and even solar cell and module manufacturing. As champions for clean energy, they've committed to achieving carbon neutrality before 2045. Beyond generation, Tata Power has established India's most comprehensive clean energy platform, offering rooftop solar solutions, microgrids, storage solutions, EV charging stations and home automation systems.

According to Quarterly Results, the net sales increased by 4 per cent to Rs 18,035 crore and net profit increased by 6 per cent to Rs 1,262 crore in Q1FY26 compared to Q1FY25. In its annual results, the net sales increased by 5 per cent to Rs 64,502 crore and net profit increased by 12 per cent to Rs 4,775 crore in FY25 compared to FY25.

The company has a market cap of over Rs 1.20 lakh crore and has delivered good profit growth of 50 per cent CAGR over the last 5 years. The stock gave multibagger returns of 600 per cent in 5 years with PE of 30x, an ROE of 11 per cent and an ROCE of 11 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.