Tata Power shares in focus after Mundra plant restarts following nearly nine-month pause

Shares of Tata Power will be in focus heading into trade on Thursday after the company announced that it has restarted operations at its 4,150 MW Mundra thermal power plant following a shutdown that lasted nearly nine months.

The plant, run by its subsidiary Coastal Gujarat Power Ltd, had been shut since July 2, 2025, resulting in continued financial losses during the period, the company said in a regulatory filing on Wednesday.

Located in Kutch, Gujarat, the Mundra facility is among India’s largest coal-based power plants. It has five units of 800 MW each and supplies electricity to states such as Gujarat, Maharashtra, Rajasthan, Punjab, and Haryana.


The resumption of operations comes after the signing of supplementary power purchase agreements, including one with Gujarat Urja Vikas Nigam Ltd. The Gujarat cabinet cleared the revised agreement last month, enabling the restart, while similar arrangements are being worked out with other states.

The development aligns with the government’s push to boost power generation to meet rising demand. The Mundra plant remains a key contributor, with nearly half of its output supplied to Gujarat.

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Tata Power share price performance

Shares of Tata Power Company Limited have gained 3.2% over the past one month. However, the share price has remained largely range-bound over a longer horizon, slipping just 4% in the last six months. On a year-to-date basis, the Tata Power share is down half a per cent, while it has remained little changed over the past year.

Tata Power Q3 snapshot

The company’s profit after tax (PAT) rose 1% to Rs 1,194 crore, while nine-month PAT climbed to Rs 3,702 crore, up 7% YoY.

Revenue for Q3 FY26 stood at Rs 14,485 crore, lower by 4% year-on-year when the company reported a revenue of Rs 15,118 crore, Tata Power said in a press release. Meanwhile, nine-month revenue came in at Rs 47,719 crore, up 1% YoY.

EBITDA for the quarter grew to Rs 3,913 crore, up an impressive 12% from Rs 3,481 crore posted in the corresponding quarter of the previous financial year.

During the quarter, Tata Power executed around 1.3 GW of renewable projects, taking cumulative renewable EPC execution past the 10 GW milestone. The company’s total installed capacity now stands at 16.3 GW, underlining its expanding presence in clean energy infrastructure.

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