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Tata Power’s arm receives LoA worth Rs 1,755 crore

29 Mar 2023 Evaluate

Tata Power Company’s step-down subsidiary -- Tata Power Solar Systems (TPSSL) has received the Letter of Award (LoA) of Rs 1,755 crore for setting up a 300 MW Domestic Content Requirement (DCR) based EPC project for NLC India (NLCIL), formerly called Neyveli Lignite Corporation, as part of the CPSU scheme. The project, located at Barsingar in Bikaner District, Rajasthan, is expected to generate more than 750 million units and reduce 6 lakh tons of CO2 annually.

The LoA for the project was awarded through competitive bidding. The project will get commissioned within 18 months from the date of receiving of LoA. TPSSL will handle the complete project execution from designing to commissioning and the evacuation system up to delivery point (220 KV side of pooling Substation). This win not only reinforces TPSSL's leadership position in the execution of large solar projects but also establishes it as a preferred partner for driving the green energy transition in the country.

Tata Power Company is India's Largest Integrated Power Company.

Peers
Company Name CMP
NTPC 327.00
Tata Power 361.00
Adani Power 202.35
Power Grid Corpn. 263.50
Adani Energy Solut. 1350.00
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