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Tata Power inks MoU with Tamil Nadu Government

04 Jul 2022 Evaluate

Tata Power has signed a Memorandum of Understanding (MoU) with the Tamil Nadu Government to invest approximately Rs 3,000 crore for setting up a greenfield 4GW Solar Cell and 4GW Solar Module manufacturing plant in Tirunelveli District of Tamil Nadu.

The MoU outlines the commitment made by both parties to stimulate clean energy transition and employment in the state. The investment in the plant will be made over a period of 16 months and will directly or indirectly create over 2,000 employment opportunities with majority of them being women employees.

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

Peers
Company Name CMP
NTPC 330.30
Tata Power 365.25
Adani Power 204.85
Power Grid Corpn. 264.85
Adani Energy Solut. 1360.20
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