Tata Power slips 2% after Mundra plant shutdown weighs on Q2 earnings

Tata Power shares fell 2% after a temporary shutdown at its Mundra ultra-mega power plant impacted quarterly performance, resulting in weaker-than-expected Q2 earnings. Analysts said the outage affected generation volumes and added cost pressures, prompting cautious investor sentiment. Despite the setback, Tata Power continues to expand its renewable energy portfolio and rooftop solar installations, which remain strategic priorities for long-term growth. Market participants noted that clarity on plant resumption timelines will be key for near-term stock movement.