TP Solar Limited wins ₹ 632 crore Contract from SECI to Supply of 292.5 MWp DCR Solar Modules

TP Solar Limited (TP Solar), a wholly owned subsidiary of Tata Power Renewable Energy Limited (TPREL) and a subsidiary of Tata Power, running India's largest single location solar manufacturing plant, has secured a contract from the Solar Energy Corporation of India Limited (SECI) for the supply of 292.5 MWp DCR (Domestic Content Requirement) Solar Modules. The project is awarded under the CPSU Scheme Tranche-III and reinforces TP Solar's commitment to advancing India's renewable energy transition. The contract, valued at approximately ₹ 632 crore, entails the delivery of high-quality DCR modules to the designated site in Ramagiri, Andhra Pradesh. The project is part of SECI's larger 400 MWp tender, which underwent a competitive bid submission process followed by an e-Reverse Auction. The contract includes a total scope of 400 MWp DCR Modules, of which TP Solar has secured 292.5 MWp.

The successful bid underscores TP Solar's manufacturing capabilities and aligns with India's 'Aatmanirbhar Bharat' vision by promoting locally manufactured solar modules. By securing this contract, TP Solar is contributing to India's clean energy transition and supporting large-scale solar installations across the country. The preferred delivery timeline for the project is set from October 2025 to January 2026, spanning a duration of four months.

Mr. Sivakumar V Vepakomma, Director (Power System), SECI commented, "The CPSU Scheme is a crucial initiative to enhance domestic solar manufacturing and strengthen India's energy security. By awarding this contract to TP Solar, we are taking a significant step towards fostering self-reliance in the solar sector and ensuring that large-scale renewable projects are powered by high-quality, locally manufactured modules. Tata Power Renewables' expertise and commitment to excellence align well with our vision of accelerating India's clean energy transition while promoting indigenous manufacturing. This project will contribute to the country's renewable energy targets, create economic opportunities, and support the long-term sustainability of the solar industry".

This milestone underscores the company's unwavering commitment to driving innovation and excellence in renewable energy solutions. By leveraging advanced technology and sustainable practices, the company continues to play a pivotal role in India's energy transformation, fostering progress, and contributing to a greener, self-reliant.

Shares of Tata Power Company Limited was last trading in BSE at Rs. 343.30 as compared to the previous close of Rs. 351.05. The total number of shares traded during the day was 331043 in over 6596 trades.

The stock hit an intraday high of Rs. 354.90 and intraday low of 341.15. The net turnover during the day was Rs. 114366146.00.

Source : Equity Bulls

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