Tata Power shares have fallen over 3.50% after Kleros Capital Partners confirmed that the Singapore International Commercial Court has granted enforcement orders to seize and sell the shares held by The Tata Power Company Limited in its Singapore subsidiaries. These Tata Power subsidiaries are Bhira Investments Pte. Ltd. and Tata Power International Pte. Ltd.
The orders follow the SICC’s 26 August 2026 dismissal of all applications by Tata Power to set aside the arbitration awards in Kleros’s favour, and its subsequent recognition of those awards as judgments of the Singapore Court. Tata Power has appealed the SICC’s decision. The appeal does not stay enforcement, and the awards remain final, binding and immediately enforceable.
On 1 July 2025, the tribunal issued its award on damages, awarding Kleros $490.32 million plus simple interest of 5.33% per annum. It also needs to be noted that the total debt exceeds $650 million, comprising $490.32 million principal plus interest.
The company is slated to report its results for Q2FY27 on November 11, 2026. In the first quarter, the company’s net profit rose 11% year-on-year. The power utility entity posted a consolidated net profit of ₹1,401 crore for the quarter ended June 30.
CNBC-TV18 has reached out to Tata Power. A response from the company is awaited.
The revenue increased 5.6% year-on-year to ₹19,051 crore. The company reported EBITDA of ₹4,013 crore. However, the operating margin shrank to 21.07% from 23% a year ago.
Taking a look at the stock, the company’s share price has slipped over 3.55% today and is at the day’s low. The stock opened at ₹362.95 and has slipped to an intraday low of ₹348.00.
The stock is trading 24.40% below its 52-week high of ₹464.90. Furthermore, it is trading 5.48% above its 52-week low of ₹333.20. The stock has closed in the green in 7 of the last 10 trading sessions.
Tata Power shares fall 3.50% after Singapore Court grants seize and sell orders
