iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Tata Motors inks pact with Tata Power RE for 12 MWp solar project in Pune

6 Sep 2023 , 11:02 AM

Tata Motors Limited (Tata Motors) announced that it has entered into a Power Purchase Agreement (PPA) to develop a new 12MWp on-site solar project at Tata Motors’ Pune commercial vehicle manufacturing facility with Tata Power Renewable Energy Limited (TPREL), a leading player in the renewable energy sector and a subsidiary of Tata Power, reiterating Tata Group’s vision of preserving environmental sustainability through its unique manufacturing practices.

The installation, a significant step toward green manufacturing, is estimated to create 17.5 million units of power each year, meeting roughly 17.2% of the annualized requirement and potentially offsetting over 12400 tonnes/kWh of carbon emissions per year.

The solar project will be operational six months after the PPA is signed and will contribute significantly to Tata Motors’ long-term goals. 

Rooftop installations will be included in the PPA. This 12MWp adds to Tata Motors’ current 8.73MWp, for a total of 20.73MWp across CVBU (Commercial Vehicle), Pune. To accommodate the increased demand for renewable energy, the business intends to expand the solar capacity of its Pune plant over the next five years.

Tata Power Renewable Energy Limited and Tata Motors Limited previously partnered to create a 16MWp solar power facility in Pantnagar, Uttarakhand, which is expected to be the state’s largest in terms of capacity. 

For feedback and suggestions, write to us at editorial@iifl.com

explored-media

Related Tags

  • Tata Motors
  • Tata Motors news
  • Tata Motors Updates
  • Tata Power
  • Tata Power Agreement
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Most Read News

HeidelbergCement India Q4 net profit slides
29 May 2025|11:03 AM
Bata India logs a 24% dip in Q4 net profit
29 May 2025|11:01 AM
IRCTC Q4 net profit zooms to ₹358 Crore
29 May 2025|10:28 AM
Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.