Tata Power’s arm signs contract with MSPGCL to supply solar modules

Tata Power Company Ltd. | Power Generation/Distribution | Power | BSE: 500400 | NSE: TATAPOWER

28 Jan 2025 Evaluate

Tata Power Company’s step-down subsidiary -- TP Solar has signed a contract with the Maharashtra State Power Generation Company (MSPGCL) to supply 300 MWp of ALMM-certified solar modules for the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0 project. TP Solar is a wholly owned subsidiary of Tata Power Renewable Energy (TPREL, a subsidiary of Tata Power).

Valued at approximately Rs 455 crore, this milestone contract underscores TP Solar’s leadership as a trusted supplier of high-quality solar modules in India. The ALMM certified modules will be delivered to multiple locations across Maharashtra in current year. The award forms part of MSPGCL’s larger 750 MWp tender, which was finalized following a competitive e-Reverse Auction (eRA) process.

TP Solar operates India’s largest single-location solar cell and module manufacturing plant in Tirunelveli, Tamil Nadu. With a capacity of 4.3 gigawatts (GW) each for cells and modules, the state-of-the-art facility has been designed with open spaces to accommodate future expansion. Tata Power, through its subsidiary TPREL, has invested nearly Rs 4,300 crore to establish this plant, which marks a significant step towards indigenization in the solar value chain and achieving self-sufficiency in both solar cell and module manufacturing.

This milestone collaboration underscores TP Solar’s dedication to driving innovation and excellence in renewable energy solutions. With a focus on advanced technology and sustainable practices, the company remains committed to contributing to India’s energy transformation, fostering progress, and building a greener future for al.

Tata Power Company is India’s largest integrated power company. It is a pioneer credited with steering the energy sector on technology, process and platform.

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