One of the leading integrated power companies in India, Tata Power Company Limited is involved in the production, distribution, and transmission of electricity. The company is a prominent part of the prestigious Tata Group and has a strong presence in the conventional and renewable energy sectors.
On February 27, 2025, Tata Power Ltd. announced that Tata Power Renewable Energy Ltd’s (TPREL) wholly-owned subsidiary, TP Solar Ltd, has secured a prestigious contract from the Solar Energy Corporation of India (SECI) for the supply of 292.5 MWp domestic content requirement (DCR) solar modules.
Awarded under the CPSU Scheme Tranche-III, this project reaffirms TP Solar’s unwavering commitment to propelling India’s transition towards renewable energy. Valued at approximately ₹632 crore, the contract entails the supply of high-quality DCR modules to the designated site in Ramagiri, Andhra Pradesh.
This initiative forms a crucial part of SECI’s broader 400 MWp tender, which underwent a rigorous competitive bidding process followed by an e-reverse auction. TP Solar successfully secured 292.5 MWp out of the total 400 MWp DCR module allocation.
Sivakumar V Vepakomma, Director (Power System), SECI, stated, “The CPSU Scheme is an instrumental initiative designed to fortify domestic solar manufacturing and enhance India’s energy security. By entrusting this contract to TP Solar, we are making a significant stride towards fostering self-reliance in the solar sector and ensuring that large-scale renewable projects are powered by superior-quality, locally manufactured modules.”
Tata Power reported strong Q3 FY25 results, with a 10% YoY rise in consolidated net profit to ₹1,188 crore and a 2% revenue increase to ₹15,118 crore. EBITDA grew 7% to ₹3,481 crore, while the renewable energy segment saw a 59% surge in PAT to ₹214 crore, expanding clean energy capacity to 6.7 GW. Its advanced solar manufacturing facility in Tamil Nadu is now fully operational, producing over 2.4 GW of solar modules in the first nine months of FY25.
At 9:29 AM on February 28, 2025, Tata Power Company Ltd. shares opened 1.49% down at ₹338.20 per share on the NSE.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 28, 2025, 2:35 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
