Tata Power Solar

Tata Power plans Rs 10,000 cr ingots and wafers plant in Odisha

Tata Power Company Ltd on Thursday said it plans to set up a 10-GW ingots and wafers manufacturing facility in Odisha at an investment of Rs 10,000 crore. Ingots and wafers are key raw materials used in the production of solar cells and modules, as well as semiconductor chips, it said in a release. The company, which currently has 4.55 GW of cell and module manufacturing capacity, aims to backward integrate ingots and wafers into its solar cell and panel production for both domestic use and export markets, it said. "Tata Power is evaluating two possible locations like Gopalpur in Ganjam district and Cuttack for its ingots and wafers facility. Both locations offer proximity to the port," the release said.

Tata Power RE bags 30 MW/120MWh battery energy storage project from NHPC

Tata Power Renewable Energy Ltd (TPREL) has bagged a 30 MW/120 MWh battery energy storage project from state-owned NHPC. The project has been secured under NHPC's BESS Tranche-I tender through a competitive bidding route for Kerala State Electricity Board Ltd -- the end-user of the Battery Energy Storage System (BESS) asset, TPREL said in a statement on Friday. The project involves setting up a 30 MW / 120 MWh battery storage system at the 220 kV substation in Kerala. This means 30 MW of storage can provide back up of up to four hours. This is its first Battery Energy Storage Purchase Agreement (BESPA), TPREL said. It will operate under a 12-year BESPA. The project is slated for commissioning within 15 months, positioning storage as a key enabler of round-the-clock renewable power and grid resilience. The project will play a vital role in addressing peak power demand, enhancing grid flexibility, and enabling seamless integration of renewable energy in Kerala. It is part of NHPC's

Tata Power Renewables adds record 752 MW of solar capacity in Q1FY26

Tata Power Renewables on Thursday said it has commissioned a record 752 megawatt (MW) of solar projects in April-June 2025-26, following which its total utility-scale operational capacity stood at 5.6 GW. Tata Power Renewables, a subsidiary of Tata Power, had commissioned a total of 354 MW solar capacity in the same period of preceding 2024-25 financial year, the company said in a statement. For the timely execution of projects amid challenging environments, Tata Power Renewables attributed factors like advanced engineering practices, supply chain, execution model, and strong vendor partnerships. With the Q1 FY26 commissioning, the company said its total utility-scale operational capacity now stands at 5.6 GW, including 4.6 GW solar and 1 GW wind capacity. The company further plans to commission 1.7 GW of its utility owned capacity during FY26 apart from 1 GW of third-party projects. The company is a developer of renewable energy projects (including solar, wind, hybrid, ...

Tata Power shares fall 2% on $490-million arbitration ruling against Co

Over the past one year, Tata Power shares have experienced a decline of 7.9 per cent on the NSE

Tata Power installs rooftop solar systems at 600 locations in Chhattisgarh

Tata Power Solar Systems Ltd (TPSSL) has installed rooftop solar systems at more than 600 locations in Chhattisgarh under an initiative, a company official said on Sunday. The company, which is a wholly-owned subsidiary of Tata Power Renewable Energy Ltd (TPREL), launched its rooftop solar system installation initiative after its success in Rajasthan, Uttar Pradesh and Kerala, the official said.. Though the installation of rooftop solar systems under the initiative, 'GharGharSolar, Tata Power ke Sang', started in mid-this year in the state, it was officially launched by Tata Power Company Chief Executive Officer and Managing Director Praveer Sinha and TPREL CEO and MD Deepesh Nanda this week, the official said. The initiative intends to make clean energy available to all households in the state, building on the commitment to promoting sustainable energy solutions throughout India, he said. Chhattisgarh has become a significant hub for TPSSL's activities and initiatives, with a cate

Tata Power soars 6% on starting solar cell production at Tamil Nadu plant

The Tata group company's solar cell production, currently at 2 GW capacity, will enhance Tata Power's ability to meet the growing demand for high-quality and domestically produced solar components.

Tata Power Q1 FY25 results: Net profit rises 31% to Rs 1,189 crore

Tata Power on Tuesday said it has logged 31 per cent rise in consolidated net profit at Rs 1,189 crore, compared to the year-ago period, on back of operational efficiency. "At Rs 1,189 crore, growing 31 per cent YoY (year-on-year), the company reported its highest ever and 19th consecutive quarter of PAT growth on the back of strong operational performance and execution excellence across all its businesses of generation, transmission & distribution, and renewables," Tata Power said in a statement. According to the statement, these businesses contributed 84 per cent of the PAT (net profit) in Q1FY25, compared to 72 per cent in the same period in FY24. The statement showed that the consolidated net profit before exceptional items was Rs 906 crore in the quarter ended June 30, 2023. The company's revenue rose 12 per cent YoY to a record high of Rs 16,810 crore (from Rs 15,003 crore in Q1 FY24), and EBITDA grew 11 per cent to Rs 3,350 crore in the reported quarter (from Rs 3,005 crore

Tata Power Solar Systems partners with BoI for EV charging stn financing

Tata Power Solar Systems Ltd (TPSSL) on Friday said it has partnered with Bank of India (BOI) to facilitate easy financing for rooftop solar installations and establishment of electric vehicle (EV) charging stations. The partnership is a significant milestone with Tata Power Solar becoming the first solar company to collaborate with BOI for both solar and EV Charging Station financing and strengthening its leadership as a green energy solutions provider, a statement said. This collaboration supports the government's initiatives to promote rooftop solar installations, targeting a wide spectrum of customers, including residential users under the PM Surya Ghar Yojana, housing societies, and Micro, Small, and Medium Enterprises (MSMEs). Under the PM Surya Ghar Yojana, residential customers seeking to install solar systems up to 3 KW can avail loans up to Rs 2 lakh with only a 5 per cent margin money requirement. These loans are offered at an attractive interest rate of 7.10 per cent pe

TPREL, Tata Comm sign Rs 105 cr deal to set up captive solar project

Tata Power Renewable Energy Ltd (TPREL) has signed an agreement worth Rs 105 crore with Tata Communications to set up a 18.75 MW captive solar plant in Maharashtra. Located in Aachegaon, Maharashtra, the plant is projected to generate approximately 40 million units (MUs) of power while offsetting more than 30,000 tonne of CO2 emissions annually, Tata Power said in a statement. TPREL has signed a power delivery agreement with Tata Communications for a 18.75 MW group captive solar power plant, it said. "We partner with Tata Communications to support their transition to renewable energy and duly enable their progress in the digital ecosystem arena for being a market leader in Commtech space. Our customised green energy solutions such as group captive solar will not only reduce operating costs but also increase energy efficiency," TPREL CEO and MD Deepesh Nanda said. TPREL, an arm of Tata Power, has achieved a milestone by surpassing a capacity of over 1.5 gigawatts (GW) in group capti

Tata Power stock likely to remain subdued in near-term; here's why

The company is focussed on tapping the market for high-margin captive renewables opportunities, exploring brownfield pumped hydro storage, and expanding the transmission business beyond distribution

Come rain or shine: Avaada, others up the ante against conglomerates

'You can easily multiply capacity, but the biggest challenge to do any larger project in India is availability of land, availability of evacuation, funding, and the offtake agreement'

Tata Power Solar Systems to supply solar modules worth Rs 418 cr to NTPC

Tata Power Solar Systems has bagged a Rs 418 crore order to supply 152 MWp solar PV modules for an NTPC project at Nokh in Rajasthan. Tata Power Solar Systems Ltd (TPSSL) has signed a contract to supply 152 MWp solar PV modules for NTPC's Nokh Solar PV Project in Rajasthan, the company said in a statement. According to the statement, the project holds a significant order value of about Rs 418 crore. The NTPC is developing 3x245 MW (735 MW) Nokh Solar Park at Pokhran, Jaisalmer, Rajasthan. The TPSSL's solar cell and module manufacturing plant in Bengaluru will supply 152 MWp DCR Solar PV Modules for this project, the statement added.

Tata Power Renewable to set up 41 MW captive solar plant in Tamil Nadu

The captive solar project will be commissioned 12 months from the signing of the Project Development Agreement (PDA)

Tata Power arm in deal with steel maker Sanyo to set up captive solar plant

Tata Power: The solar plant is projected to produce an annual electricity of 61.875 million units and will be likely commissioned by March 2024

Tata Power Renewable Energy signs pacts with MSEDCL for two solar projects

The solar installations are expected to be commissioned by mid-2025 and will generate a substantial amount of clean energy annually, said the company

Tata Power Solar Systems bags 300 MW project worth Rs 1,755 cr from NLC

Tata Power Solar Systems Ltd (TPSSL) has bagged a 300 MW project worth Rs 1,755 crore from state-owned NLC Ltd. The company will also do the operation and maintenance of the project for 3 years after the commercial operation declaration. The 300 MW Domestic Content Requirement (DCR) based project located at Barsingar in Bikaner, Rajasthan, is expected to generate more than 750 million units renewable energy and reduce 6 lakh tonne of CO2 annually, a statement said. The Letter of Award (LoA) for the project was given through competitive bidding. The project will get commissioned within 18 months from the date of receiving of LoA, it said. TPSSL will handle the complete project execution from designing to commissioning and the evacuation system up to delivery point. The company's total order book stands at about Rs 17,000 crore. NLC has been a forerunner amongst public sector enterprises in the energy sector, with large scale lignite production and significant share in thermal and

Odisha bags about Rs 8.9-trillion investment intent in two days

Tata Power CEO and MD Praveer Sinha announced a Rs 6,000 crore capital investment by the company in Odisha

Tata Power Solar Systems launches off-grid solar solutions in Bengal, Bihar

Tata Power Solar Systems on Wednesday announced the launch of cost-efficient solar off-grid solutions in West Bengal, Bihar and Jharkhand. Tata Power Solar Systems Ltd (TPSSL) is a wholly-owned subsidiary of Tata Power Renewable Energy Ltd (TPREL). The off-grid solutions provide a combination of high-efficient solar modules, inverters and batteries and are available in 11 variants ranging from 1 - 10 Kw with 5-year warranty, a company statement said. The solutions offered by the company are engineered to provide an efficient integrated power system to consumers for their power backup requirements in times of grid supply shortages. The solution was unveiled in the presence of S Suresh Kumar, Additional Chief Secretary, West Bengal; Partha Pratim Mukherjee, Director (Distribution), West Bengal Power Development Corporation Ltd and Nayak, Director (EV), West Bengal Power Development Corporation Ltd in Kolkata. These solar off-grid solutions are charged during the day time and enable

Tata firm gets letter of award worth Rs 596 crore for MP solar project

Tata Power Solar Systems Ltd (TPSSL) has received a letter of award worth Rs 596 crore from NHDC to set up a 125MWp floating solar project in Madhya Pradesh. NHDC is a joint venture of state-owned hydro power giant NHPC and the Madhya Pradesh government, a statement by Tata Power Company Ltd said on Wednesday. NHDC had invited bids early this year for this project to be set up at the Omkareshwar reservoir in Khandwa district of Madhya Pradesh. The LoA was awarded through tariff-based competitive bidding. The project will be commissioned within 13 months from the date of issuance of the letter of award (LoA) and will provide sustainable power to MP Power Management Company. With this win, the company's total utility-scale solar project portfolio touches 9.8 GWp. As on date, TPSSL's total order book stands at Rs 14,908 crore. TPSSL, a solar EPC company, is a wholly-owned subsidiary of Tata Power Renewable Energy Ltd (TPREL). Tata Power holds 93.94 per cent stake in TPREL.

Blackrock, Mubadala to invest in Tata's renewable arm via rights issue

Unlisted firm Tata Power Renewables Energy plans to raise Rs 6,000 cr; Both Blackrock and Mubadala had invested $525 million this April for 10.5% stake