Tata Power has received a penalty of Rs 2,40,000 from Uttar Pradesh’s Deputy Commissioner of State Tax. The penalty comes regarding a matter of transportation of goods by the company, with some discrepancies in the accompanying documents.
Tata Power said that it received the penalty notice from the State Tax Deputy Commissioner’s office on July 9. In an exchange filing, the company said, “Notice has been issued under section 129(3) of IGST Act in relation to detention of goods for payment of penalty amounting to ₹ 2.40 lakh”
Tata Power said that the penalty order will not have a material impact on the company’s financials and its operations, and other activities. The company did not specify in the exchange filing whether it would pay the penalty or contest it.
Tata Power’s renewable push
Tata Power is rapidly increasing its renewable portfolio. In the first quarter of fiscal year 2026, the company saw 112 percent year-on-year growth in its renewable energy commissioning. In Q1FY26, Tata Power commenced solar projects of 752 MW capacity. For comparison, in Q1FY25, it commenced multiple solar projects with a combined capacity of 354 MW.
With the addition of the latest solar capacity in the Q1, Tata Power’s total renewable capacity has increased to 5.6 GW, says the company. Its total renewable capacity consists of 4.6 GW of solar capacity and 1 GW of wind capacity.
Furthermore, managed under its wholly owned subsidiary, Tata Power Renewable Energy Limited, the company plans to add 1.7 GW of renewable capacity directly owned by the company and 1 GW of third-party projects to its portfolio.
Tata Power is also expanding its order book as it develops new sources of renewable energy for its portfolio. In April, Tata Power signed a power purchase agreement with NTPC to develop a 200 MW power capacity. Prior to that, in November 2024, the company entered a power purchase agreement with Noida International Airport to supply renewable energy to the airport.
