Tata Power's solar company receives LoA from GSECL for a project worth Rs460cr

The project is approximately valued at Rs460cr and the commercial operation date is set for April 2022.

Jan 28, 2021 05:01 IST India Infoline News Service

Tata Power
Tata Power's wholly-owned subsidiary Tata Power Solar on Thursday received a “Letter of Award” (LoA) to build 95 MW of ground-mounted Solar PV project for GSECL. The project is approximately valued at Rs460cr and the commercial operation date is set for April 2022.

Praveer Sinha, CEO & MD, Tata Power said, “We are glad to announce this new win of large grid-based solar EPC contract from GSECL, a leading public sector undertaking. We have been progressively growing our portfolio to be the partner of choice for gridscale solar projects. These orders are a motivation for us to continue focusing on delivering the best to our customers and live up to their expectations.”

With this, the order pipeline of Tata Power Solar Systems Ltd. (TPSSL) stands at approximately 4.2 GWp with an approximate value of Rs12,500 crore, thereby cementing its position as India’s leading Solar EPC player for the seventh year in a row among utility-scale.

Tata Power Solar deploys world-class technology to design, install and commission benchmark solar projects worldwide. The company has offered a range of indigenous solar rooftop EPC solutions to its customers which has helped them to transform their businesses into a sustainable and environmentally responsible organisation, enabling them to reduce their energy costs through the installation of cost-effective renewable technologies.

On Sensex, Tata Power ended at Rs77.20 per piece up 1.65%. 

Related Story

Open Free Demat Account (Rs699)