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📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
73 announcements match the current filters (relevance ≥ 5).
Tata Power & Keppel to Deploy 12,100 TR Cooling-as-a-Service at Intellion Park, Chennai
Tata Power Trading Company has partnered with Keppel and Tata Realty to deploy a large-scale 12,100 TR Cooling-as-a-Service (CaaS) solution at Intellion Park, Chennai. The project is secured under a 15-year contract and is scheduled to go live in October 2026. This AI-driven solution is expected to reduce the facility's energy consumption by approximately 20% through real-time monitoring and predictive analytics. The partnership aims to scale this model across Tata Realty's planned 30 million sq. ft. expansion and other industrial sectors like data centers.
Key Highlights
Deployment of 12,100 TR capacity CaaS solution at the 25.27-acre Intellion Park IT corridor.
Secured a 15-year long-term contract with operations scheduled to commence in October 2026.
Expected to reduce facility energy consumption by ~20% using Keppel's AI- and ML-driven Operations Nerve Centre.
Strategic collaboration to scale CaaS across commercial real estate, data centers, and airports.
Aligns with Tata Power's Net Zero 2045 goal and India's rising demand for space cooling.
👀 What to Watch
Investors should monitor this as a high-margin, technology-led expansion into the 'Energy-as-a-Service' segment which provides long-term recurring revenue. The scalability of this model across the Tata Group's vast real estate and industrial portfolio presents a significant growth lever.
Tata Power Partners with Databricks for Enterprise-Wide AI and Data Platform
Tata Power has announced a strategic collaboration with Databricks to build a unified, enterprise-wide data and AI platform to accelerate its energy transition. The platform will integrate data across all business clusters, including its 16 GW+ power portfolio, to enhance grid management, renewable forecasting, and operational efficiency. A key feature is the adoption of 'Genie', an AI agent that enables natural language data queries for faster decision-making. This digital transformation supports the company's long-term goal of achieving Net Zero emissions by 2045.
Key Highlights
Enterprise-wide adoption of Databricks platform to unify data engineering and AI across all business clusters.
Implementation of 'Genie' AI agent to democratize data access and provide instant insights via natural language.
Platform designed to optimize operations for a diversified portfolio exceeding 16 GW of power generation.
Strategic focus on improving billing efficiencies, smart grid management, and solar manufacturing excellence.
Alignment with corporate sustainability goals to reach Net Zero status before 2045.
👀 What to Watch
Investors should view this as a positive step toward improving operational margins and efficiency through digital modernization. Monitor future earnings for mentions of reduced operational costs or improved forecasting accuracy resulting from this AI integration.
Tata Power Resumes Operations at 4,150 MW Mundra Plant
Tata Power has announced the resumption of operations at its Mundra power plant effective April 1, 2026. This follows a period of temporary suspension of activities at the facility. The plant represents a significant portion of the company's generation capacity with an installed base of 4,150 MW. The restart is expected to normalize power supply and contribute to the company's operational revenue in the coming quarters.
Key Highlights
Resumption of operations at the Mundra Plant as of April 1, 2026
Total installed capacity of the operational unit is 4,150 MW
Follows a previous temporary suspension of operations at the site
Compliance filing made under Regulation 30 of SEBI (LODR) Regulations
👀 What to Watch
Investors should view this as a positive development as it restores a major revenue-generating asset. Monitor the Plant Load Factor (PLF) in future reports to gauge the financial contribution of this restart.
Tata Power Confirms Gujarat Govt Approval for Mundra Plant Supplementary PPA
Tata Power has officially confirmed that the Gujarat cabinet has approved a Supplementary Power Purchase Agreement (PPA) for its Mundra power plant. Following the issuance of a Government Order on March 20, 2026, the company is now awaiting final regulatory clearances to sign the formal agreement with Gujarat Urja Vikas Nigam Limited (GUVNL). This development is a major step toward resolving long-standing tariff issues at the Mundra plant, which has historically faced under-recovery of fuel costs. The news triggered a 5% jump in the company's share price prior to the clarification.
Key Highlights
Gujarat cabinet has approved the Supplementary PPA for the Mundra Power Plant.
A formal Government Order has been issued by the state authorities.
Final agreement with GUVNL will be signed post-regulatory clearances.
The clarification follows a 5% surge in stock price due to media reports.
Resolution of the Mundra PPA is expected to improve the plant's financial viability.
👀 What to Watch
Investors should maintain a positive outlook as this resolves a key overhang on the stock; however, wait for the final regulatory sign-off for full impact. Monitor the impact on the company's consolidated margins in upcoming quarters.
Tata Power Completes SEUPPTCL Project; Commissions 154 Ckm EHV Lines in UP
Tata Power has successfully commissioned the final segments of the SEUPPTCL project, including the 400 kV Tanda-Gonda and Gonda-Basti lines. This project, acquired as a stressed asset through a joint venture, now comprises 1,517 circuit kilometers (Ckm) of high-voltage lines and 3,460 MVA transformation capacity. The infrastructure will facilitate the evacuation of over 4,000 MW of power in Uttar Pradesh, significantly enhancing grid stability. This completion increases Tata Power's total operational transmission network to 5,466 Ckm, strengthening its footprint in the power transmission sector.
Key Highlights
Commissioned 154 Ckm of 400 kV lines, completing the entire SEUPPTCL EHV project scope.
Total SEUPPTCL network includes 1,517 Ckm of 765 kV and 400 kV lines across 17 corridors.
Enables safe evacuation of over 4,000 MW of thermal power generated within Uttar Pradesh.
Tata Power's total operational transmission network expanded to 5,466 Ckm with 1,863 Ckm under construction.
Infrastructure includes 3 substations with a total transformation capacity of 3,460 MVA.
👀 What to Watch
Investors should view this as a positive milestone demonstrating Tata Power's ability to successfully turn around and operationalize stressed assets. The completion of this project will contribute to the company's regulated returns and long-term revenue visibility in the transmission segment.
Tata Power Signs Supplementary PPA with GUVNL for Mundra Plant; Other States to Follow
Tata Power has executed a Supplementary Power Purchase Agreement (SPPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) for its Mundra power plant. This agreement follows a period of temporary suspension of operations at the unit and aims to restore operational viability. The company has also confirmed that similar SPPAs will be executed with the states of Maharashtra, Rajasthan, Punjab, and Haryana. This resolution is a critical step in addressing long-standing tariff and cost pass-through issues at the Mundra Ultra Mega Power Project.
Key Highlights
Executed Supplementary Power Purchase Agreement (SPPA) with GUVNL (Gujarat) for the Mundra plant.
Similar SPPAs to be signed with four other states: Maharashtra, Rajasthan, Punjab, and Haryana.
Addresses the temporary suspension of operations at the Mundra units to ensure continuity.
The move is expected to improve the financial viability of the Mundra project by resolving tariff-related challenges.
Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
👀 What to Watch
Investors should view this as a major positive development that resolves a significant financial overhang regarding the Mundra plant. Monitor the timely execution of agreements with the remaining four states to ensure full operational recovery.
Tata Power Confirms Gujarat Cabinet Approval for Mundra Plant Supplementary PPA
Tata Power has officially clarified media reports regarding its Mundra Power Plant, confirming that the Gujarat cabinet has approved a Supplementary Power Purchase Agreement (PPA). A government order has already been issued, paving the way for a formal agreement with Gujarat Urja Vikas Nigam Limited (GUVNL). The signing of the PPA is now pending final regulatory clearances. This development is a significant step in resolving long-standing compensatory tariff issues for the Mundra ultra-mega power project.
Key Highlights
Gujarat cabinet has formally approved the Supplementary PPA for the Mundra Power Plant.
A Government Order (GO) has been issued following the cabinet's decision.
The agreement will be signed with GUVNL once necessary regulatory clearances are obtained.
The clarification was issued in response to media reports dated March 20, 2026, under SEBI Regulation 30(11).
👀 What to Watch
Investors should view this as a major positive catalyst that improves the long-term financial viability of the Mundra plant. Monitor for the final regulatory nod and the impact on the company's consolidated margins in upcoming quarters.
Tata Power Shareholders Approve Six Material Related Party Transactions via Postal Ballot
Tata Power shareholders have approved six key material related party transactions (RPTs) through a postal ballot concluded on March 18, 2026. The approved transactions involve major group entities including Tata Projects and Tata Steel, as well as internal agreements within the renewable energy and Odisha distribution subsidiaries. All resolutions were passed with an overwhelming majority, typically exceeding 99.97% of the votes cast in favor. This regulatory clearance ensures operational continuity and facilitates inter-group synergies for large-scale power and infrastructure projects.
Key Highlights
Approval of Material Related Party Transactions with Tata Projects Limited and Tata Steel Limited.
Shareholders cleared RPTs for Tata Power Renewable Energy Limited with TP Solar and TP Vardhaman Surya.
Approval granted for transactions between Odisha distribution companies (TPCODL, TPWODL) and GRIDCO Limited.
All resolutions passed with over 99.97% of votes in favor across approximately 79.96 crore total votes polled.
The voting process involved 43,24,459 shareholders on record as of the February 6, 2026 cut-off date.
👀 What to Watch
Investors should view this as a positive development that ensures smooth execution of projects and operational synergy within the Tata ecosystem. No immediate action is required as these are standard approvals for large-scale utility operations.
Tata Power Invests ₹50 Cr in First Tranche for 40% Stake in 1125 MW Bhutan Hydro Project
Tata Power has successfully completed the first tranche of its strategic investment in Dorjilung Hydro Power Limited (DHPL), acquiring a 40% equity stake for ₹50 crore. This is part of a larger planned investment of approximately ₹1,572 crore to develop a 1125 MW hydro power project in Bhutan. The total project cost is estimated at ₹13,100 crore, with Tata Power's remaining investment tranches to be deployed over the next six years. This move significantly strengthens the company's clean energy portfolio and international presence in the renewable sector.
Key Highlights
Acquired 40% equity stake in Bhutan-based Dorjilung Hydro Power Limited (DHPL) via 50,00,000 shares.
First tranche of ₹50 crore completed out of a total planned investment of ~₹1,572 crore.
The 1125 MW hydro project has an estimated total development cost of ~₹13,100 crore.
Remaining investment tranches are scheduled to be completed over a six-year period.
Strategic partnership with Druk Green Power Corporation Limited (DGPC) for green energy transition.
👀 What to Watch
Investors should view this as a positive long-term strategic move that bolsters Tata Power's green energy credentials; however, keep in mind the long six-year gestation period for full project capital deployment.
Tata Power Partners with Salesforce to Scale Clean Energy; Solar Revenue Up 5x Since FY20
Tata Power has entered a strategic collaboration with Salesforce to integrate AI-driven CRM solutions across its rooftop solar, EV charging, and smart home businesses. This digital transformation aims to support the company's rapid scaling, following a 200% growth in the residential solar segment over the past two years. The partnership will utilize Salesforce's Agentforce platform to automate workflows and enhance customer engagement. This move aligns with Tata Power's goal to achieve Net Zero by 2045 and manage its expanding 16.3 GW portfolio more efficiently.
Key Highlights
Residential rooftop solar segment achieved over 200% growth in the last two financial years.
Solar portfolio revenues saw a fivefold (5x) increase between FY2020 and FY2025.
Deployment of Salesforce Agentforce AI tools to automate quality validation and customer service.
Tata Power currently operates a 16.3 GW portfolio, with 46% (7.5 GW) from clean energy.
The company serves approximately 13 million customers and aims for Net Zero by 2045.
👀 What to Watch
The digital integration is a positive indicator of Tata Power's commitment to scaling its high-margin retail solar business efficiently. Long-term investors should maintain a positive outlook as the company leverages technology to maintain its leadership in the green energy transition.
Tata Power and University of Warwick Forge Strategic Alliance for New Energy Innovation
Tata Power has signed a Memorandum of Understanding (MoU) with the University of Warwick to collaborate on research and innovation in grid modernization, power storage, and industrial decarbonization. This alliance aims to leverage global academic expertise to accelerate Tata Power's transition toward its Net Zero 2045 target. The company currently operates a 16.3 GW portfolio, with 46% (7.5 GW) derived from clean energy sources. The partnership will also focus on AI-enabled energy systems and executive education to enhance technical capabilities for its 13 million customers.
Key Highlights
Strategic MoU signed for research in grid modernization, fast charging, and power storage solutions.
Supports Tata Power's 16.3 GW portfolio and its long-term goal of achieving Net Zero by 2045.
Clean energy currently accounts for 46% of total capacity, serving approximately 13 million customers.
Focus on AI-enabled modeling to enhance grid stability and efficiency for large-scale decarbonization.
👀 What to Watch
This partnership strengthens Tata Power's R&D capabilities in the high-growth green energy sector. Long-term investors should view this as a positive step toward maintaining a competitive edge in EV infrastructure and smart grid technology.
Tata Power Seeks Approval for ₹32,254 Cr Related Party Transactions with Tata Projects & Tata Steel
Tata Power has issued a postal ballot notice seeking shareholder approval for several material related party transactions (RPTs) for the financial year 2026-27. The most significant proposal involves transactions with Tata Projects Limited for an aggregate value not exceeding ₹27,984 crore. Additionally, the company seeks approval for transactions with Tata Steel Limited up to ₹4,270 crore and various inter-subsidiary transactions within its renewable energy and Odisha distribution arms. These approvals are essential for the company's ongoing operational and infrastructure projects within the Tata Group ecosystem.
Key Highlights
Proposed Related Party Transaction with Tata Projects Limited capped at ₹27,984 crore for FY27
Proposed Related Party Transaction with Tata Steel Limited capped at ₹4,270 crore for FY27
Seeking approval for transactions between Tata Power Renewable Energy and subsidiaries TP Solar and TP Vardhaman Surya
Approval sought for Odisha Discoms (TPCODL and TPWODL) transactions with state-owned GRIDCO Limited
Remote e-voting period for shareholders is scheduled from February 17, 2026, to March 18, 2026
👀 What to Watch
Investors should view these as routine but necessary regulatory approvals for a large conglomerate to execute its project pipeline. The significant value of the Tata Projects transaction indicates a high scale of planned capital expenditure and infrastructure work for the upcoming fiscal year.
Tata Power Q3 FY26 PAT at ₹1,194 Cr; EBITDA Grows 12% YoY to ₹3,913 Cr
Tata Power reported a resilient Q3 FY26 with EBITDA growing 12% YoY to ₹3,913 crores, driven by a surge in solar manufacturing and rooftop solar segments. Despite the Mundra plant being non-operational, which led to an ₹800 crore loss for the 9-month period, the company maintained a PAT of ₹1,194 crores. Solar manufacturing PAT jumped 124% YoY to ₹251 crores, while Odisha Discoms saw their profit rise to ₹226 crores from ₹86 crores. Management is nearing a final resolution for the Mundra plant with the Gujarat government, which is expected to restart operations shortly.
Key Highlights
Q3 EBITDA increased 12% YoY to ₹3,913 crores; 9M EBITDA reached ₹11,874 crores.
Solar manufacturing PAT surged to ₹251 crores in Q3 compared to ₹112 crores in the previous year.
Rooftop solar segment executed 372 MW in Q3, with PAT nearly doubling to ₹111 crores.
Mundra plant resolution with Gujarat is 99% complete; operations likely to resume by end of February 2026.
Net debt to underlying EBITDA remains stable at 3.4x with net debt to equity at 1.2x.
👀 What to Watch
Investors should focus on the successful turnaround of the solar manufacturing unit and the imminent restart of the Mundra plant as key catalysts. The company's diversified growth in renewables and distribution makes it a core holding for long-term energy transition exposure.
Tata Power Q3 FY26 PAT at ₹1,194 Cr; RE Business PAT Surges 156% YoY
Tata Power reported a resilient Q3 FY26 with PAT at ₹1,194 crore and a 12% YoY growth in EBITDA to ₹3,913 crore, despite a 4% dip in quarterly revenue. The performance was primarily driven by the Renewable Energy segment, where PAT surged 156% to ₹547 crore, and the Distribution business, which saw a 167% PAT growth. The company achieved a significant milestone of 10 GW cumulative EPC renewable projects and secured $500 million in World Bank financing for its Bhutan hydro project. With 46% of its 16.3 GW capacity now in clean energy, the company remains on track for its Net Zero 2045 goal.
Key Highlights
Q3 FY26 PAT stood at ₹1,194 crore, while 9M FY26 PAT rose 7% YoY to ₹3,702 crore
Renewable Energy business PAT grew 156% YoY to ₹547 crore, supported by 1.3 GW project execution in Q3
Solar cell and module manufacturing PAT increased 124% YoY to ₹251 crore with high utilization levels
Distribution business PAT grew 167% YoY to ₹746 crore, driven by strong performance in Odisha DISCOMs
Secured $500 million World Bank financing for the 1,125 MW Dorjilung Hydro Power Project in Bhutan
👀 What to Watch
Investors should note the rapid scaling of high-margin Renewable and Rooftop Solar segments which are successfully offsetting fluctuations in conventional revenue. The stock remains a strong long-term play on India's green energy transition and distribution efficiency improvements.
Tata Power 9M FY26 Revenue Hits ₹64,502 Cr; Clean Energy Pipeline Reaches 10 GW
Tata Power reported a robust performance for 9M FY26, with revenue increasing to ₹64,502 crore and EBITDA growing to ₹11,874 crore. The company is aggressively shifting its portfolio, with 10 GW of clean energy projects currently under construction, aiming for a 70% green capacity mix by 2030. With a total capacity of 26.3 GW (operational and under construction) and a distribution base of 13 million customers, the company is well-positioned for India's energy transition. Key growth metrics remain strong with an ROE of 11.2% and an EPS of ₹8.6 for the nine-month period.
Key Highlights
9M FY26 Revenue grew to ₹64,502 crore from ₹61,542 crore in the previous year.
EBITDA increased to ₹11,874 crore, while Reported PAT rose to ₹3,702 crore.
Total capacity stands at 26.3 GW, with 10 GW of clean and green energy currently under construction.
EV charging infrastructure expanded to 5,743 public points across 667 cities and towns.
Clean and green energy is expected to account for ~66% of total capacity post-completion of current projects.
👀 What to Watch
Investors should focus on the company's successful transition toward a green energy major and its massive 10 GW execution pipeline. The steady growth in EBITDA and leadership in EV charging infrastructure make it a strong long-term pick in the utility sector.
Tata Power Q3 FY26 Results: Key Subsidiaries Post ₹418 Cr Profit; Legal Dispute Over $490M Award
Tata Power reported its financial results for the quarter ended December 31, 2025, showing steady operational performance across its major units. Six key subsidiaries contributed a combined revenue of ₹2,147.88 crore and a net profit of ₹418.64 crore for the quarter. However, the company is currently contesting an unfavorable arbitration award of USD 490.32 million in Singapore, for which no financial adjustments have been made yet. Investors should weigh the strong subsidiary growth against this significant potential legal liability.
Key Highlights
Six major subsidiaries reported Q3 revenue of ₹2,147.88 crore and net profit of ₹418.64 crore.
Nine-month (9M FY26) revenue for these subsidiaries reached ₹8,123.56 crore with a profit of ₹821.05 crore.
Group's share of profit from 2 associates and 5 joint ventures stood at ₹142.40 crore for the quarter.
Ongoing legal dispute regarding a USD 490.32 million arbitration award; application filed in Singapore to set it aside.
Trading window for company shares to reopen on February 7, 2026.
👀 What to Watch
Maintain a watch on the stock as operational growth in renewables and distribution is healthy, but the $490 million arbitration outcome is a major risk factor. Await further clarity on the Singapore court proceedings before making aggressive new positions.
Tata Power Commissions 198 MW Wind Project in Tamil Nadu for Tata Steel
Tata Power Renewable Energy Limited (TPREL) has successfully commissioned a 198 MW wind project in Karur, Tamil Nadu, under the Group Captive model for Tata Steel. The project, consisting of 55 wind turbine generators, is expected to generate 31 million units of clean electricity annually. Notably, the project was executed through a self-EPC model, showcasing TPREL's in-house engineering capabilities with record-breaking construction speeds. This addition brings TPREL's total operational renewable capacity to 6.2 GW, contributing to Tata Power's goal of 100% clean energy by 2045.
Key Highlights
Commissioned 198 MW wind project in Karur, Tamil Nadu, featuring 55 turbines of 3.6 MW each.
Project will supply 31 million units (MUs) of clean power annually to Tata Steel, offsetting 26,350 tons of CO2.
Achieved record execution with foundations completed in 126 days and turbine installation in 167 days.
TPREL's total renewable capacity reaches 11.6 GW, with 6.2 GW operational and 5.8 GW under implementation.
Tata Power's total portfolio stands at 16.3 GW, with clean energy now constituting 46% of total capacity.
👀 What to Watch
Investors should note Tata Power's increasing execution efficiency and the successful transition to a self-EPC model which can enhance margins. The steady growth in operational renewable capacity strengthens the company's long-term ESG and growth profile.
Tata Power Commissions 574 CKM Transmission Lines in UP, Enabling 3,000 MW Power Evacuation
Tata Power has successfully commissioned two major 765 kV transmission corridors in Uttar Pradesh, totaling 574 circuit kilometres. The Mainpuri–Bara (380 ckm) and Mainpuri–Unnao (194 ckm) lines will facilitate the evacuation of over 3,000 MW of thermal power, significantly enhancing grid stability. This project was part of the SEUPPTCL acquisition through Resurgent Power Ventures, a joint venture with ICICI Bank and global investors. With this commissioning, Tata Power's operational transmission portfolio reaches 5,312 ckm, with another 1,997 ckm currently under construction.
Key Highlights
Commissioned 574 CKM of 765 kV Extra High Voltage (EHV) transmission corridors in Uttar Pradesh
Enables large-scale evacuation of over 3,000 MW of thermal power generated within the state
Total operational transmission portfolio increased to 5,312 circuit kilometres
Project execution involved 42,000 metric tonnes of tower steel and 6,900 km of conductor stringing
Developed under the SEUPPTCL project acquired via Resurgent Power Ventures JV
👀 What to Watch
Investors should note this as a successful execution of a stressed asset turnaround, which will contribute to steady regulated returns. The expansion of the transmission footprint strengthens Tata Power's position in the critical utility infrastructure segment.
Tata Power TPREL Crosses 10 GW EPC Milestone; Q3 FY26 Capacity Up 139% YoY
Tata Power Renewable Energy Limited (TPREL) has hit a major milestone of 10 GW in EPC project execution, split between 9.7 GW solar and 290 MW wind. The company demonstrated accelerated growth in FY26, commissioning 1.88 GW in the first nine months, a 33% YoY increase. Q3 FY26 was particularly strong with 941 MW commissioned, marking a 139% YoY jump. With a total utility-scale operational capacity of 6.0 GW and a target to add 0.75 GW more in FY26, the company is aggressively expanding its green footprint.
Key Highlights
Total EPC execution reached 10 GW, including 4.2 GW in-house and 5.8 GW third-party projects
9M FY26 commissioning rose 33% YoY to 1.88 GW compared to 1.4 GW in 9M FY25
Q3 FY26 saw record quarterly additions of 941 MW, a 139% increase over Q3 FY25
Utility-scale operational capacity stands at 6.0 GW, with 7.5 GW total clean energy generation
👀 What to Watch
Maintain a positive outlook as the company successfully scales its renewable EPC business and utility portfolio. Monitor the progress of the remaining 0.75 GW target for FY26.
World Bank Approves Financing for 1,125 MW Dorjilung Hydropower Project Co-Owned by Tata Power
The World Bank Group has approved a comprehensive financing package for the 1,125 MW Dorjilung Hydropower Project in Bhutan, a joint venture where Tata Power holds a 40% stake. The project is expected to generate over 4,500 GWh of clean electricity annually, with approximately 80% of this output to be exported to India. Total financing from the World Bank Group includes $815 million in grants and loans distributed across the Bhutanese government and the project SPV. Tata Power Trading Company will manage the import and distribution of the power in India, enhancing the company's regional energy leadership.
Key Highlights
1,125 MW hydropower project co-owned by Tata Power (40%) and Bhutan's DGPC (60%)
World Bank Group approved $815 million in total financing through IDA, IBRD, and IFC
Project to generate 4,500 GWh annually, increasing Bhutan's energy capacity by nearly 40%
80% of generated power will be exported to India via Tata Power Trading Company Limited
Project supports Tata Power's strategic goal of achieving Net Zero by 2045
👀 What to Watch
Investors should view this as a significant long-term growth driver that secures low-cost international financing for a massive renewable asset. Monitor the project's construction milestones as it strengthens Tata Power's position in the cross-border energy trade market.