Tata Power subsidiary wins floating solar project in Kerala

Tata Power Solar, Tata Power’s wholly owned subsidiary, has won the bid for 105MWp floating solar energy project in Kerala.

The project will be executed on a reservoir of NTPC at Kayamkulam in Alappuzha district of Kerala. The said project is to be commissioned within a period of 21 months. On this note, Ashish Khanna, MD & CEO, Tata Power quoted “Floating Solar has immense potential in our country and we will ensure that this project will act as a benchmark for floating solar project”.

Tata Power Company is India’s largest integrated power company with a growing international presence. The company together with its subsidiaries and jointly controlled entities has presence in all the segments of the power sector viz. Fuel Security and Logistics, Transmission, Distribution and Trading.

The shares of Tata Power on Friday opened flat at Rs. 63.70. At 12:21 hours it was trading at Rs. 63.00, down 1.10 per cent from its previous close. The stock hit an intraday high of Rs. 63.90 and intraday low was Rs. 62.60. Its 52-week high was Rs. 86.15 and 52-week low was Rs. 50.40 per share on the BSE.