Tata Power Solar Systems Limited (Tata Power Solar), India's largest integrated solar company and a wholly-owned subsidiary of Tata Power, post reverse auction held on February 21, has received the Letter of Award to build the 300 MW CPSU-II for NTPC at an all-inclusive price of Rs. 1,730.16 crore. The Commercial Operation Date (COD) for this grid-connected solar photovoltaic project is set for September 2021 (18 months). With this order, the order book of Tata Power Solar stands at approximately Rs. 8,541 crore including external and internal orders.
"It is projects like these which demonstrate the trust in Tata Power's project management and execution skills. This order is a motivation for us to continue focusing on delivering the best to our customers, as per their expectations," said Mr Praveer Sinha, CEO & MD, Tata Power.
Mr. Ashish Khanna, MD & CEO, Tata Power Solar and President, Tata Power (Renewables), said, "Tata Power Solar is proud to consistently win large and challenging grid-based solar EPC contracts from industry-leading public sector undertaking like NTPC. This being a DCR project, we will be building the project with our own cells and modules."
In September 2019, post reverse auction, Tata Power Solar had received a Letter of Award to develop a 105MWp Floating Solar Project worth approx. Rs. 343 crore including 3 years O&M. This project is one of the most prominent floating solar projects in the country. This venture is executed on the reservoir of NTPC Kayamkulam District in Alappuzha, Kerala and is to be commissioned no later than 21 months.
Shares of TATA POWER CO.LTD. was last trading in BSE at Rs.30.2 as compared to the previous close of Rs. 31.55. The total number of shares traded during the day was 390027 in over 2967 trades.
The stock hit an intraday high of Rs. 32 and intraday low of 30. The net turnover during the day was Rs. 11955189.