Tata Power Solar Seals Mega Deal, 152 MW Modules to Light Up NTPC's Nokh Project

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Tata Power Solar Systems: A Beacon of Renewable Energy in India

Tata Power, a leading integrated power company and a part of the Tata Group, India’s largest multi-national business conglomerate, has recently made headlines with its latest venture. The company’s wholly-owned subsidiary, Tata Power Solar Systems (TPSSL), has signed a significant contract to supply 152 MWp DCR Solar PV Modules for the Nokh Solar PV Project in Rajasthan, developed by NTPC.

A Significant Step Towards Sustainable Energy

The project holds a significant order value of approximately Rs 418 crore. This is a substantial investment in renewable energy, highlighting Tata Power’s commitment to promoting sustainable energy solutions.

NTPC is developing a 735 MW Nokh Solar Park at Pokaran, Jaisalmer, Rajasthan. The entire project will utilise DCR category bi-facial mono-PERC modules, a testament to the cutting-edge technology being employed in this venture.

Made in India: Adhering to Domestic Content Requirement Policy

In adherence to the Domestic Content Requirement policy, the solar panels, including the solar cells and modules, of these DCR Solar PV modules, are being manufactured in India. This not only supports local industries but also ensures quality control and quick delivery.

TPSSL’s solar cell and module manufacturing plant in Bengaluru will supply the 152 MWp DCR solar PV modules for this project. This further strengthens the ‘Make in India’ initiative, promoting domestic manufacturing and reducing dependence on imports.

Tata Power: A Diversified Portfolio

Tata Power boasts a diversified portfolio of 14407 MW, spanning across the entire power value chain - from renewable and conventional energy generation to transmission & distribution, trading, storage solutions, and solar cells and module manufacturing.

The company’s consolidated net profit rose 6.9% to Rs 875.53 crore on a 12.2% jump in net sales to Rs 15,738.03 crore in Q2 FY24 over Q2 FY23. Despite a minor dip of 0.63% in the stock market, with the scrip currently trading at Rs 333.20 on the BSE, the company continues to make strides in the renewable energy sector.

Conclusion

Tata Power’s latest venture is a testament to its commitment to sustainable energy solutions. By harnessing solar power, the company is not only contributing to India’s renewable energy sector but also promoting local manufacturing and boosting the economy. With its diversified portfolio and innovative approach, Tata Power continues to be a beacon of renewable energy in India.

: Source: Company Reports

Keywords : Tata Power, Solar Energy, Renewable Energy, Nokh Solar PV Project, Rajasthan, NTPC, Domestic Content Requirement Policy, Make in India, Diversified Portfolio, Sustainable Energy Solutions, Tata Group, Tata Power Solar Systems, TPSSL, Bi-facial Mono-PERC Modules, Bengaluru, Solar Cells, Module Manufacturing, Net Profit, Stock Market, BSE.

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