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India's largest Solar and Battery Storage Project awarded to Tata Power Solar of INR 945 crore



Posted On : 2021-12-01 17:43:30( TIMEZONE : IST )

India's largest Solar and Battery Storage Project awarded to Tata Power Solar of INR 945 crore

Tata Power Solar Systems Limited (Tata Power Solar), India's largest integrated solar company and a wholly owned subsidiary of Tata Power, has received Letter of Award ('LoA') from Solar Energy Corporation of India Ltd. (SECI) to build 100 MW EPC Solar project along with 120 MWh Utility Scale Battery Energy Storage System (BESS). The total contract value of the project is approximately ÌNR 945 crore. The project will be executed within 18 months. The Utility Scale EPC order book of Tata Power Solar now stands at ~4.4 GW (DC) capacity with an approximate value of INR 9,000 crore (without GST), thereby strengthening its position as India's leading Solar EPC player.

SECI project sites are located in Chhattisgarh. The order scope includes engineering, design, supply, construction, erection, testing, O&M and commissioning of the projects.

Tata Power's vision has always been to look forward to adoption of new technologies with innovation. With this win, the Company has strengthened its diversified offerings with BESS within the renewable segment.

Speaking on the achievement, Dr. Praveer Sinha, CEO & MD, Tata Power said, "We are glad to receive this prestigious order from SECI to build Solar EPC projects along with the India's largest Utility Scale BESS project. This is the second grid-scale solar plant with BESS and is recognition of Tata Power Solar's pioneering work in project execution capabilities in the solar energy domain."

Over the years, Tata Power Solar has been one of India's leading solar rooftop EPC player with compelling economics, especially for the commercial and industrial segment. Tata Power Solar comes with a successful background of executing large projects, to name a few 80 MW NTPC Jetsar, 50 MW Kasargod at Kerala, 100 MW GIPCL Raghanesda, 100 MW TPREL Raghanesda, 30 MW GSECL. Another innovative Solar project of 50 MW with BESS of 50 MWh battery storage is under execution at Leh.

Shares of Tata Power Company Limited was last trading in BSE at Rs. 225.20 as compared to the previous close of Rs. 216.80. The total number of shares traded during the day was 6494457 in over 60036 trades.

The stock hit an intraday high of Rs. 227.35 and intraday low of 215.05. The net turnover during the day was Rs. 1430419920.00.

Source : Equity Bulls

Keywords

TataPowerCompanyLimited INE245A01021 TATAPOWERSolar LoA SECI 100MW EPCSolarProject BatteryEnergyStorageSystem