Tata Energy’s subsidiary has bagged an order price about Rs 600 crore from NHDC. With this win, the order guide of the subsidiary has reached near Rs 15,000 crore.
purchase Promote Tata Energy share
Tata Energy Photo voltaic Programs Restricted, a subsidiary of Tata Energy Renewable Power, will arrange a 125 MW Peak (MWP) floating photo voltaic mission from NHDC. The worth of this order is Rs 596 crore.
MWp stands for megawatt peak, which is a unit of measurement for the manufacturing of electrical energy from a supply akin to photo voltaic or wind, the place the output can fluctuate in accordance with daylight or wind velocity.
NHDC, a three way partnership between NHPC and the Authorities of Madhya Pradesh, is concerned within the growth of hydroelectric and different renewable vitality potential within the state of Madhya Pradesh.
Earlier this 12 months, NHDC had invited bids for the mission at Omkareshwar reservoir in Madhya Pradesh. When accomplished, will probably be one of many largest floating solar energy tasks in India.
Tata Energy holds 93.94 per cent stake within the renewable vitality enterprise. The mission will likely be commissioned inside 13 months from the date of award. MP Energy Administration Firm Restricted intends to supply sustainable electrical energy.
“This partnership will spotlight the variety of our work and mission execution to advertise inexperienced vitality throughout all sectors,” TPREL CEO Ashish Khanna mentioned in an trade submitting. “This mission is a real reflection of our capability to pursue world class photo voltaic tasks inside a brief span of time.”
With the victory of this order, the order guide of Tata Energy Photo voltaic now stands at Rs 14,908 crore, with its photo voltaic mission portfolio now standing at 9.8 GWp.
Tata Energy Photo voltaic was established in 1989 as a three way partnership between Tata Energy and British Petroleum Photo voltaic. It now operates independently as an entirely owned subsidiary of Tata Energy. Tata Energy Photo voltaic operates a world class manufacturing unit in Bangalore with a technology capability of 635 MW modules and 500 MW cells.
Shares of Tata Energy are fluctuating between revenue and loss at Rs 241.20. The inventory is up 8 p.c this 12 months and is up 82 p.c over the previous 12 months.