Tata Power sacks LoA from NTPC for solar PV projects worth INR 686 crore

Tata Power Solar
Tata Power Solar

Tata Power Limited’s entirely claimed auxiliary, Tata Power Solar, has gotten a letter of award (LoA) to construct 210 MWp of solar PV projects for the NTPC. The absolute request worth of the ventures is INR 686 crore, while its charging date has been set for November 2022.

The extent of work incorporates land, transmission, designing, acquisition, establishment, and authorizing of the solar ventures. The undertaking site of NTPC is situated in Gujarat.

With this expansion, the request pipeline of Tata Power Solar stands at 2.8 GW with an estimated worth of INR 13,000 crore; subsequently, solidifying its situation as India’s driving sunlight based EPC player. Ideal government strategies and expanded natural mindfulness have been the key development drivers for the organization.

Throughout the long term, Tata Power Solar has been India’s driving sun based roof EPC player with convincing financial aspects, particularly for the business and mechanical portion. Up until now, it has been fruitful in executing enormous undertakings, for example, the 250 MW Ayana at Ananthapur, 50 MW Kasargod (Kerala), 56 MW Greenko, 30 MWp Solar Power Plant in Lapanga (Odisha) and 105 MWp of drifting sun oriented at Kayamkulam (Kerala).

Currently, Tata Power Solar has a portfolio of more than 5.4 GW of ground-mount utility-scale, more than 515 MW of roof and dispersed age projects alongside the establishment of more than 36,000 siphons the nation over to date. It likewise offers a different line of sun-oriented answers for metropolitan and rustic business sectors, which incorporate roof arrangements, solar siphons, and force packs.

On Wednesday, the stock shut 3.15 per cent higher at INR 108.05 from its past close of INR 104.75 on the BSE.

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