Tata Power Renewable Energy receives 'Letter of Award' to set up 150 MW Solar project in Maharashtra

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power receives the 'Letter of Award' (LoA) from the Maharashtra State Electricity Distribution Corporation Limited (MSEDCL) to set up 150MW solar project in Solapur, Maharashtra.

The LoA was won through tariff-based competitive bidding followed by an e-Reverse auction. The project will be commissioned within 18 months from the PPA execution date.

On the project win, Mr. Ashish Khanna, CEO, Tata Power Renewable Energy Limited, said, "We feel honoured to receive the LoA from MSEDCL for the 150MW solar project. The award is in line with our commitment to create a sustainable ecosystem for transitioning towards a greener future and affirms our potential to deliver a world-class solar projects."

With this, the total renewables capacity of TPREL reaches 5,786 MW with an installed capacity of 3,877 MW (Solar - 2,949 MW & Wind - 928 MW) and 1,909 MW under various stages of implementation.

Shares of Tata Power Company Limited was last trading in BSE at Rs. 231.40 as compared to the previous close of Rs. 229.20. The total number of shares traded during the day was 2076284 in over 26777 trades.

The stock hit an intraday high of Rs. 234.50 and intraday low of 228.85. The net turnover during the day was Rs. 482108276.00.

Source : Equity Bulls

Keywords

TataPowerCompany INE245A01021 LoA MSEDCL TataPowerRenewableEnergy