Tata Power Solar bags 300MW solar project worth INR 1731 Crore from NHPC

Tata Power Solar, one of India's largest integrated solar companies and a wholly owned subsidiary of Tata Power, bagged an order of 300MW Solar project worth INR 1,731 crore, inclusive of tax from NHPC.

The project site, located in Rajasthan, will be developed under the CPSU scheme of IREDA. The project will be completed within 18 months' time period, aims to reduce around 6,36,960 carbon emissions, and is expected to generate approximately 750 million units annually. Cells and modules made in India would be used in the project installation.

Speaking on the win, Dr. Praveer Sinha, CEO & MD, Tata Power, said "We are honoured to have won this significant project from NHPC. It underlines the industry's confidence in our ability to develop and deliver world-class solar projects on time using state-of-the-art Indian technology."

Tata Power Solar has always been a pioneer in implementing and commissioning such large-scale solar and renewable projects. With this win, the company's pending order book reaches INR 13,500 crore and the total utility-scale solar project portfolio touches 9.7GWp.

Shares of NHPC Limited was last trading in BSE at Rs. 31.20 as compared to the previous close of Rs. 31.30. The total number of shares traded during the day was 920931 in over 3136 trades.

The stock hit an intraday high of Rs. 32.45 and intraday low of 30.80. The net turnover during the day was Rs. 29350666.00.

Shares of Tata Power Company Limited was last trading in BSE at Rs. 222.85 as compared to the previous close of Rs. 219.05. The total number of shares traded during the day was 2842618 in over 41561 trades.

The stock hit an intraday high of Rs. 229.15 and intraday low of 221.25. The net turnover during the day was Rs. 640636813.00.

Source : Equity Bulls

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NHPCLimited INE848E01016 533098 NHPC ElectricUtilities TataPowerCompanyLimited INE245A01021 500400 TATAPOWER ElectricUtilities