MoneyWorks4Me

Tata Power’s arm gets LoA from SECI

01 Dec 2021 Evaluate

Tata Power Company’s wholly owned subsidiary -- Tata Power Solar Systems (Tata Power Solar) has received Letter of Award (LoA) from Solar Energy Corporation of India (SECI) to build 100 MW EPC Solar project along with 120 MWh Utility Scale Battery Energy Storage System (BESS). The total contract value of the project is approximately Rs 945 crore.

The project will be executed within 18 months. The Utility Scale EPC order book of Tata Power Solar now stands at 4.4 GW (DC) capacity with an approximate value of Rs 9,000 crore (without GST), thereby strengthening its position as India’s leading Solar EPC player.

SECI project sites are located in Chhattisgarh. The order scope includes engineering, design, supply, construction, erection, testing, O&M and commissioning of the projects.

Tata Power Company is India’s largest integrated power company.

Peers
Company Name CMP
NTPC 329.35
Tata Power 368.30
Adani Power 205.00
Power Grid Corpn. 263.50
Adani Energy Solut. 1382.00
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