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Tata Power solar arm bags Rs 1,505-cr order from NTPC


Tata Power on Monday said that its wholly-owned arm has received Letter of award from NTPC for a 250 mw solar project worth Rs 1,505 crore. With this order, the order book of Tata Power Solar stands at approximately Rs 7,600 crore, including external and internal orders.

“Tata Power Solar Systems… a wholly owned subsidiary of Tata Power, has received letter of award (LoA) from NTPC for a 250 mw solar project under the CPSU (central public sector undertaking) scheme,” the power firm said in a filing to BSE.

The total value of the order is Rs 1,505 crore and the completion period is 20 months.

“It is Tata Power Solar’s biggest single order from a third party. Aligning with the government’s ‘Make in India’ mission and bringing together our core strengths in domestic manufacturing and engineering, procurement and construction services over the last two decades,” Tata Power CEO and MD Praveer Sinha said.

Under the central public sector undertaking (CPSU) scheme, only domestically manufactured cells and modules would be used for the project.

In November last month, Tata Power Solar had also received a LoA from NTPC to develop a 105 mw floating solar project in Kayamkulam, Kerala.

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Source: Small Biz-Economic Times