MoneyWorks4Me

Tata Power’s arm gets LoA from MSEDCL

16 Dec 2021 Evaluate

Tata Power’s wholly owned subsidiary -- TP Saurya (TPSL) has received the 'Letter of Award’ (LoA) from Maharashtra State Electricity Distribution Company (MSEDCL) for setting up of 300 MW hybrid power capacity. This project has been awarded through tariff-based competitive bidding followed by e-Reverse auction.

The company has received this LoA in a bid announced by MSEDCL. The project will be commissioned within 18 months from the date of PPA execution. With this, the total renewable capacity of Tata Power will reach 4907MW with an installed capacity of 2953MW and 1954MW under implementation.

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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