Tata Power Solar bags 300MW solar project worth Rs1731 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 Rs1,731 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.

At around 3:15 PM, Tata Power Company was trading at Rs226.50 apiece up by Rs3.65 or 1.64% from its previous closing of Rs222.85 apiece on the BSE.

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( With inputs from indiainfoline)