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27 November, 2021 05:34 IST
Tata Power Solar bags EPC orders for Rs 6,860 mn
Source: IRIS | 03 Jun, 2021, 02.23PM
Rating: NAN / 5 stars.
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Tata Power Company, an integrated power company, announced that its wholly-owned subsidiary Tata Power Solar, has received 'Letter of Award' (LoA) to build 210 MWp of Solar PV projects for NTPC. The total order value of the projects is approximately Rs 6,860 million. The commissioning date for NTPC is set for November, 2022.

With this addition, the order pipeline of Tata Power Solar stands at approximately 2.8 GW with an approximate value of Rs 130 billion, thereby cementing its position as India’s leading Solar EPC player.

The scope of work includes land, transmission, engineering, procurement, installation and commissioning of the solar projects. The NTPC project site is located in Gujarat.

Praveer Sinha, CEO & MD, Tata Power said, "We are pleased to announce the new win of this large solar EPC contract from NTPC. Tata Power Solar is the leader in producing solar energy across the country and this further validates Tata Power Solar’s excellent execution skills in solar projects."

Over the years, Tata Power Solar has been India's leading solar rooftop EPC player with compelling economics, especially for the commercial and industrial segment. Favourable government policies, and increased environmental awareness have been the key growth drivers, the company said.

Tata Power Solar comes with a successful background of executing large projects such as the 250 MW Ayana at Ananthapur, 50 MW Kasargod at Kerala, 56 MW Greenko, 30 MWp Solar Power Plant in Lapanga, Odisha and 105 MWp of Floating solar at Kayamkulam.

Shares of the company gained Rs 0.55, or 0.51%, to trade at  Rs 108.60.  The total volume of shares traded  was  1,894,127 at the BSE (12.52 p.m., Thursday).



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