9NOVEMBER 2026Tata Power Q2 profit rose 48.6 percent year-on-year to Rs 1,366.11 crore in the September quarter of FY27, as revenue from operations increased 26.3 percent to Rs 19,635.94 crore. The company attributed the performance to contributions across its businesses, with thermal and hydro revenue recording the sharpest segment growth. "We delivered our highest-ever quarterly profit, with strong contributions from all businesses," said Dr Praveer Sinha, CEO and Managing Director, referring to the company's reported consolidated profit after tax of Rs 1,652 crore.The results point to stronger generation performance alongside continued expansion in renewables and grid infrastructure in Q2 FY27. The thermal and hydro power segment recorded the strongest revenue growth during the quarter, rising from Rs 2,335.86 crore in Q2 FY26 to Rs 5,883.14 crore in Q2 FY27. This 151.9 percent increase was a major contributor to the company's performance and the rise in Tata Power Q2 profit. Tata Power reported high operating availability across its conventional generation portfolio, at around 90 percent. Its Mundra plant maintained 89 percent availability during the quarter under the extended Section 11 directive. India's battery recycling capacity is coming into focus after the government prohibited lithium-ion battery black mass exports, aiming to retain valuable minerals for domestic processing. The Directorate General of Foreign Trade (DGFT), through its November 10 notification, changed the export status of specified battery waste from 'Free' to 'Prohibited' with immediate effect. The Commerce Ministry said the measure is expected to "assure feedstock availability for domestic recycling and refining units" and improve their capacity utilization.The decision seeks to strengthen India's critical mineral recovery ecosystem and support its battery manufacturing supply chain. Black mass is a powder-like material generated by shredding used lithium-ion batteries and manufacturing scrap. It contains recoverable minerals, including lithium, cobalt, nickel and manganese, which can be extracted through further chemical processing. The export restriction aims to retain this material within India rather than allowing mineral-rich battery waste to be processed overseas. India's USD 480 billion FY27 export progress has strengthened the government's confidence in achieving its annual USD 1 trillion goods and services export target. Commerce and Industry Minister Piyush Goyal identified automobile manufacturing and international trade agreements as key growth opportunities. Speaking at the curtain-raiser event for Bharat Mobility Global Expo 2027 on November 10, Goyal said India had already achieved approximately USD 480 billion in exports during April-September 2026-27."Our USD 1 trillion export target this year is sacrosanct. We have to achieve it," he said, emphasizing the importance of expanding India's international market presence. He also highlighted the potential of European automobile manufacturers establishing production facilities in India to serve global markets. Goyal urged India's automobile industry to look beyond domestic demand and strengthen its presence in international markets. He highlighted the potential for European automobile manufacturers to establish production facilities in India, using the country's manufacturing capabilities to serve both domestic and overseas customers. WHY DID TATA POWER Q2 PROFIT RISE 49 PERCENT TO RS 1,366 CR?CAN INDIA EXPAND BATTERY RECYCLING CAPACITY AFTER BLACK MASS BAN?INDIA HITS USD 480 BILLION IN FY27 EXPORTS: GOYAL FLAGS AUTO PUSHBEML Ltd. plans to manufacture tunnel-boring machines (TBMs) in India as the country expands its infrastructure network. The state-owned defense and engineering company aims to reduce import dependence and challenge foreign suppliers. It will initially focus on smaller machines used in metro rail, hydropower, irrigation, and water projects. BEML Chairman and Managing Director Shantanu Roy said the company plans to start with machines measuring 3.5 meters to 6.5 meters in diameter. It will gradually expand into larger equipment as its capabilities develop.The company is also onboarding a global consultant to support its manufacturing plans. Roy said BEML has already prepared a roadmap for the project. India is among the world's largest users of tunneling equipment. However, it continues to depend on foreign suppliers, particularly for advanced machinery. China's recent export controls on certain construction equipment categories have further highlighted this dependence. BEML, however, had started planning its entry into the segment before these restrictions. BEML TARGETS TUNNEL-BORING MACHINES TO CUT INDIA'S IMPORT DEPENDENCE
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