Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Tata Power renewables signs PPA with GE for 5MW solar projects

Posted On: 2018-06-13 21:52:57

Tata Power Renewable Energy Limited (TPREL), India's largest renewable energy company and Tata Power's wholly-owned subsidiary, has entered into a Power Purchase Agreement (PPA) with GE to provide solar rooftop solutions for six manufacturing and services sites in India. Tata Power will install solar rooftop projects at manufacturing sites located at Durgapur in West Bengal, Pallavaram and Hosur in Tamil Nadu, multi-modal manufacturing site at Pune and upcoming factory at Marhowra in Bihar and maintenance facility at Roza in Uttar Pradesh. The project would be executed on build-own-operate basis.

The installation of the solar rooftop projects will help to generate over 1 million kWh of electricity per year and will lead to an average tariff reduction of around 30 percent. GE will also be able to curb the emission of over 13,000 kg of carbon dioxide per day.

Ashish Khanna, President - Renewables, Tata Power said in a statement, "The project underlines our leadership in project commissioning space and reflects GE's commitment towards enhancing solar energy for its manufacturing units. It also demonstrates GE's confidence in Tata Power capabilities in providing reliable solar power through competency in rooftop solutions. We are hopeful that the renewable segment will also be encouraged by these cost optimised energy solutions."

Amit Kumar, Vice President, supply chain, GE India and South-East Asia, said, "India is an important manufacturing base for GE and sustainability is at the core of our business. Generation of solar power at our manufacturing plants will help us in reducing our carbon footprint. The country has a lot of potential for solar rooftop projects which need to be harnessed to meet India's energy needs for manufacturing."

Tata Power Solar has commissioned more than 1.45GW of ground-mount utility scale and over 200MW of rooftop and distributed generation projects across the country till date. Tata Power Solar has been ranked #1 EPC rooftop solar player consistently for four years by Bridge to India, a leading cleantech consulting and knowledge services provider. The total installed capacity in the rooftop segment is over 200MW as of March 31, 2018, including commercial, residential and industrial sector.

Shares of TATA POWER CO.LTD. was last trading in BSE at Rs.77 as compared to the previous close of Rs. 77.85. The total number of shares traded during the day was 274437 in over 1584 trades.

The stock hit an intraday high of Rs. 78.4 and intraday low of 76.8. The net turnover during the day was Rs. 21287283.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Shalby Ltd calls for board meeting on Oct 25, 2018

Powerhouse Gym & Wellness Ltd stops using brand name of Powerhouse Gym

Shree Digvijay Cement Ltd board to announce Q2 results on Oct 23, 2018

Avantel Ltd board to consider second quarter results on Oct 25, 2018

Choksi Imaging Ltd calls for board meeting on Oct 23, 2018

Vaibhav Global Ltd allots 2861 shares

Jindal Stainless Hisar Ltd board to approve 2nd quarter results on Oct 30, 2018

Orient ECO Energy Ltd ceased to be subsidiary of Orient Green Power Company Limited

CEAT Ltd board to consider Q2 results on Oct 25, 2018

INEOS Styrolution India Ltd calls for board meeting to consider 2nd quarter results

Kovai Medical Center and Hospital Limited board to approve Q2 results on Nov 10, 2018

Elantas Beck India Ltd calls for board meeting on Oct 31, 2018

NELCAST Ltd board to approve quarterly results on Oct 29, 2018

Hatsun Agro Product Ltd board to announce Q2 results on Oct 22, 2018

Indian Toners & Developers Ltd calls for board meeting on Nov 3, 2018

Smartlink Holdings Ltd board to consider Q2, H1 results on Oct 31, 2018

Victory Paper and Boards India Ltd to start Aluminium Roofing sheet production

Pecos Hotels and Pubs Ltd board to announce 2nd quarter results on Oct 25, 2018

G N A Axles Ltd calls for board meeting on Oct 23, 2018

Samrat Pharmachem Ltd board to consider quarterly results on Nov 14, 2018

Excel Industries Ltd board to announce Q2 results on Nov 2, 2018

Indiabulls Housing Finance Ltd Board declares Interim Dividend of Rs. 10 for FY19

Cox & Kings Ltd fixes Oct 15, 2018 as record date for demerger

Kingfa Science & Technology (India) Ltd announces resignation of CEO

Kriti Nutrients Ltd board to announce Q2, H1 results on Oct 25, 2018

Jasch Industries Ltd calls for board meeting on Oct 27, 2018

Music Broadcast Ltd board to approve quarterly results on Oct 25, 2018

Victory Paper and Boards India Ltd to purchase land at Karur for textile unit

Aksharchem India Ltd board to consider Q1, H1 FY19 results on Oct 30, 2018

Sagar Cements Ltd board to approve second quarter results on Oct 29, 2018

Sterlite Technologies Ltd board to announce 2nd quarter results on Oct 24, 2018

Punjab Chemicals and Crop Protection Ltd board to consider Q2 results on Oct 29, 2018

Delta Corp Ltd Q2 net profit up at Rs. 47.72 crores

Zee Media Corporation Ltd Q2 consolidated net climbs to Rs. 17.25 crores

South Indian Bank Ltd Q2 net profit jumps to Rs. 70.13 crores

Indiabulls Housing Finance Ltd Q2 FY19 PAT higher at Rs. 1034.92 crores

Dr. Reddy's Laboratories receives approval for Aspirin and Extended-Release Dipyridamole Capsules in the U.S. Market

Trident Ltd Q2 FY19 net profit jumps to Rs. 109.14 crore

Alkali Metals Ltd Q2 PAT drops to Rs. 0.40 crore

Control Print Ltd board to approve quarterly results on Oct 27, 2018

Gujarat Gas Ltd board to announce Q2 FY19 results on Nov 3, 2018

Bajaj Corp Ltd board to consider second quarter results on Oct 23, 2018

Inspirisys Solutions Ltd board to approve 2nd quarter results on Nov 5, 2018

Emami Ltd board to announce Q2 FY19 results on Oct 30, 2018

Steelcast Ltd calls for board meeting on Oct 29, 2018

Tribhovandas Bhimji Zaveri Ltd calls for board meeting on Oct 31, 2018

Jindal Stainless Ltd board to consider Q2 results on Oct 26, 2018

Century Textiles & Industries Ltd board to announce Q2 results on Oct 29, 2018

Trident Limited Board declares Second Interim Dividend of Rs. 0.60

Lupin receives tentative FDA approval for generic Lurasidone Hydrochloride Tablets, 20 mg, 40 mg, 60 mg, 80 mg and 120 mg







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018