Tata Power Solar receives EPC orders for INR 686 crore from NTPC to set up Solar PV projects

Tata Power Solar, India's largest integrated solar company and a wholly-owned subsidiary of Tata Power, 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 ÌNR 686 crore. 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 INR 13,000 crore, 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.

Speaking on the achievement, Dr. 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. 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 TATA POWER CO.LTD. was last trading in BSE at Rs.108.05 as compared to the previous close of Rs. 104.75. The total number of shares traded during the day was 3340283 in over 19342 trades.

The stock hit an intraday high of Rs. 108.35 and intraday low of 104.45. The net turnover during the day was Rs. 357462027.

Source : Equity Bulls

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