Tata Group stock Tata Power declares Q1FY26 update, achieves record growth in rooftop solar installation
In its official update, Tata Power said that TPREL achieved a staggering 45,589 rooftop solar installations in Q1FY26 — a massive 416% year-on-year growth compared to just 8,838 installations in the same quarter last year. The company said this record-breaking performance further strengthens its position as India's No. 1 rooftop solar provider.
The Q1FY26 installations pushed TPREL's cumulative rooftop solar capacity beyond 3.4 GW, spread across a total of 2,04,443 installations. Tata Power said this expansion showcases its key role in driving India's clean energy transition and contributes meaningfully to the national target of achieving 500 GW of non-fossil fuel capacity by 2030.
The company highlighted its active role in supporting the government's Pradhan Mantri Surya Ghar Muft Bijli Yojana through its 'Ghar Ghar Solar' campaign. TPREL has been delivering customized rooftop solar solutions to residential, commercial, and industrial clients across the country, thereby furthering the goal of decentralized solar energy adoption.
TPREL has created a formidable distribution and service network across the country, enabling its rapid growth. The company now has 604 channel partners across 400 cities and 240 authorized service partners spanning 560 cities. With a customer base of more than 2 lakh — including over 1.8 lakh residential customers — TPREL has firmly established itself as a trusted rooftop solar partner in India.
Besides rooftop installations, Tata Power is also expanding its footprint in solar manufacturing. The company highlighted that it now possesses a robust manufacturing capacity of 4.3 GW for solar cells and modules within India. Coupled with its 3.4 GW installed rooftop capacity, this dual presence underscores its scale and ambition to support India's energy security and sustainability efforts.
'TPREL's consistent performance underscores its commitment to a cleaner energy future. Its efforts not only align with the national goals but also position it as a leading player in the complete solar energy value chain — from manufacturing to installation and service,' the company noted in the filing.
Despite the robust business update, Tata Power shares saw a muted reaction on Friday, July 4. The stock touched an intra-day high of ₹ 403.50, gaining around 1 percent, but later slipped into the red to hit a low of ₹ 398.70.
Over the past year, the Tata Group stock has corrected nearly 8 percent. So far in July, it is down a little over 1 percent after gaining for four straight months — up 3.2 percent in June, 2.2 percent in May, 2.4 percent in April, and a strong 10.7 percent in March. Before this rally, the stock had declined 7 percent each in both January and February 2025.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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