Tata Power Solar Systems Limited, India's largest integrated solar company and a wholly-owned subsidiary of Tata Power, today announced a significant expansion of its state-of-the-art manufacturing facility in Bengaluru, taking the total production capacity of cells and modules to 1,100 MW. The expansion is based on the significant increase in demand that the company has seen for its solar modules, as well as the expected increase in demand due to supportive policy steps announced recently by the Government of India for creating 'Atmanirbhar Bharat' (Self-Reliant India).
Tata Power Solar, is one of the few companies globally to have a long operating history of 31 years. This is a strong proof point for the company's ability to honour the 25 years warranty that solar modules come with. Tata Power Solar has seen an increase in demand for its products which reaffirms the faith customers put in the quality of its products. The expansion comes amid the positive intent of the Government of India towards making this country a manufacturing hub and lessen its dependency on other countries as far as import of solar cells and modules are concerened.
Commenting on the expansion, Dr. Praveer Sinha, CEO & MD, Tata Power said, "We are happy to expand our production capacity to meet the increased demand for our products. Our 31 years of strong experience in providing high quality solar products with continuous involvement in new technology has helped us to maintain leadership position in both solar manufacturing and EPC services."
Tata Power Solar's manufacturing plant in Bengaluru is India's premier integrated cell and module manufacturing facility that meets the highest industry standards. The plant is ISO 9001:2015, ISO 45001:2018 & ISO 14001:2015 certified which has more than 25 years of production experience.
Apart from one of the pioneering solar manufacturers in the world, Tata Power Solar is also India's largest specialized EPC player. Tata Power Solar comes with a successful background of executing large projects such as the 150 MW Ayana at Ananthapur, 50 MW Kasargod at Kerala, 56 MW Greenko, 30 MWp Solar Power Plant in Lapanga, Odisha, 105 MWp of Floating solar at Kayamkulam. For year till date, Dec '20, Tata Power Solar revenue was ₹ 2353 crore as per the Q3 audited financials and has a pending order book of 10,000 crore as on 1st April'21.
Shares of TATA POWER CO.LTD. was last trading in BSE at Rs.104.65 as compared to the previous close of Rs. 103.35. The total number of shares traded during the day was 3336166 in over 9318 trades.
The stock hit an intraday high of Rs. 107.25 and intraday low of 102.35. The net turnover during the day was Rs. 350372053.