Tata Power’s wholly-owned subsidiary Tata Power Solar, formerly known as Tata BP Solar, has witnessed an increase in its net sales by 52% to touch a new height of Rs 2262 crore in FY17 as compared to Rs 1490 crore in FY16. The company increased its revenue by more than two and a half times in just two years.
The profit after tax also increased by 330% during FY17, a remarkable achievement considering the fact that solar EPC is extremely low margin and the pressures faced by the domestic manufacturing sector.
Tata Power is India’s largest integrated power company with a growing international presence. The company together with its subsidiaries and jointly controlled entities has presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.
