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Tata Power Solar wins order worth Rs945cr from SECI; Stock ends 4% higher

To set up 100 MW EPC Solar Project along with 120 MWh Battery Energy Storage System for SECI at Chattisgarh.

December 01, 2021 4:20 IST | India Infoline News Service
Tata Power
Tata Power Solar Systems Limited, India’s largest integrated solar company and a wholly owned subsidiary of Tata Power, has received Letter of Award (‘LoA’) from Solar Energy Corporation of India Ltd. (SECI) to build 100 MW EPC Solar project along with 120 MWh Utility Scale Battery Energy Storage System (BESS). The total contract value of the project is approximately Rs945cr.

The project will be executed within 18 months. The Utility Scale EPC order book of Tata Power Solar now stands at ~4.4 GW (DC) capacity with an approximate value of Rs9,000cr (without GST), thereby strengthening its position as India’s leading Solar EPC player.

SECI project sites are located in Chhattisgarh. The order scope includes engineering, design, supply, construction, erection, testing, O&M and commissioning of the projects.

Tata Power's vision has always been to look forward to adoption of new technologies with innovation. With this win, the Company has strengthened its diversified offerings with BESS within the renewable segment.

Speaking on the achievement, Dr. Praveer Sinha, CEO & MD, Tata Power said, “We are glad to receive this prestigious order from SECI to build Solar EPC projects along with the India's largest Utility Scale BESS project. This is the second grid-scale solar plant with BESS and is recognition of Tata Power Solar’s pioneering work in project execution capabilities in the solar energy domain.”

Over the years, Tata Power Solar has been one of India’s leading solar rooftop EPC player with compelling economics, especially for the commercial and industrial segment. Tata Power Solar comes with a successful background of executing large projects, to name a few 80 MW NTPC Jetsar, 50 MW Kasargod at Kerala, 100 MW GIPCL Raghanesda, 100 MW TPREL Raghanesda, 30 MW GSECL. Another innovative Solar project of 50 MW with BESS of 50 MWh battery storage is under execution at Leh.

Tata Power Company ended at Rs225.20 apiece up by Rs8.4 or 3.87% on Sensex.

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