Shares of Tata Power Company Ltd declined 1.87% to ₹388.45 on the NSE during Friday’s session, slipping from the previous close of ₹395.85. The stock traded between ₹386.00 and ₹402.50 during the day, with a market capitalization standing at ₹1.24 trillion.
The dip comes even as the company highlighted significant growth opportunities in the global renewable energy space. Praveer Sinha, MD & CEO of Tata Power, stated that the company is gearing up to supply solar modules internationally—particularly to the United States, following steep import tariffs imposed by the US on solar equipment from Southeast Asian nations. “We have a 4.9 GW solar module manufacturing capacity, and possibly up to 1 GW may be exported,” he noted.
Apart from renewables, Tata Power is also actively exploring nuclear energy, with plans to set up both large-scale and modular nuclear reactors. The company has begun identifying sites and expects construction of its first nuclear plant to begin within the next two years. Commercial operations could start in the early 2030s.
While the capital expenditure for nuclear projects is expected to be high—potentially double that of coal-based plants—the cost of generation may remain competitive due to lower fuel costs. Tata Power is currently in talks with both Indian and international partners for nuclear technology collaborations.
However, the company has urged the government to support areas such as fuel sourcing and waste disposal, which could involve creating a separate entity for managing small modular reactors (SMRs).
Despite a strong forward-looking strategy, Tata Power’s share price is down nearly 8% over the past year, indicating cautious investor sentiment amid capital-intensive expansion plans.
