The commissioning date for NTPC is set for November 2022.
Tata Power-led wholly-owned subsidiary Tata Power Solar has bagged “Letter of Award” (LoA) to build 210 MWp of Solar PV projects for NTPC aggregating to Rs686cr.
Dr Praveer Sinha, CEO & MD, Tata Power said, “We are pleased to announce the new win of this large solar EPC contract from NTPC. Tata Power Solar is the leader in producing solar energy across the country and this further validates Tata Power Solar’s excellent execution skills in solar projects.”
The commissioning date for NTPC is set for November 2022.
With the latest addition, Tata Power Solar’s order pipeline stands at approximately 2.8 GW with an approximate value of Rs13,000cr, thereby cementing its position as India’s leading Solar EPC player.
The scope of work includes land, transmission, engineering, procurement, installation and commissioning of the solar projects. The NTPC project site is located in Gujarat.
Tata Power Solar comes with a successful background of executing large projects such as the 250 MW Ayana at Ananthapur, 50 MW Kasargod at Kerala, 56 MW Greenko, 30 MWp Solar Power Plant in Lapanga, Odisha and 105 MWp of Floating solar at Kayamkulam.
At around 1.26 PM, Tata Power was trading at Rs108.40 per piece up by 0.3% on Sensex. The stock has touched an intraday high of Rs110.50 per piece.
Meanwhile, NTPC stock was performing at Rs111.45 per piece also up 0.3% on Sensex, after touching the day’s high of Rs112.25 per piece.
Source: indiainfoline
