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Tata Power Company’s arm inks Group Captive PDA with Fiat India Automobiles

12 Apr 2025 Evaluate

Tata Power Company’s subsidiary -- Tata Power Renewable Energy (TPREL) has inked Group Captive Power Delivery Agreement (PDA) with Fiat India Automobiles for a 12.62 MWp renewable energy project. The project, to be developed in Akola, Maharashtra, is expected to generate approximately 20.63 million units of clean energy in its first year. The power will be supplied to Fiat’s manufacturing facility in Ranjangaon.

This initiative will significantly reduce carbon emissions annually and reflects the shared commitment of both companies to sustainable industrial growth and net-zero goals. The agreement further strengthens TPREL’s position as a key enabler in India’s renewable energy transition, offering innovative hybrid solutions tailored for industrial and commercial consumers.

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.

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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