Tata Power arm commissions 70kW solar rooftop installation at IIC

Tata Power Solar, India’s largest integrated solar company and Tata Power's wholly-owned subsidiary, has commissioned 70kW solar rooftop installation at the India International Centre.

The project entails energy efficiency of 90,000 kWhr annually, along with reducing carbon emission by 63 tonnes. This installation will help India International Centre to save Rs 10 lakh on its electricity bill annually.

In the recent quarter Q1FY20, Tata Power Solar unveiled its residential solar rooftop campaign in Tirupati and Hubli to inspire the residents across the country to implement residential solar rooftop solution.

Tata Power has recently come up with the earnings for the latest quarter Q1FY20. The company's consolidated PAT before exceptional items stood at Rs. 254 crore as compared to Rs. 252 crore in Q1 FY19 due to lower losses in Mundra on account of lower FOB price of coal, new capacity addition in renewables, favourable regulatory order in Maithon and steady operational performance across all segments. The consolidated revenue for Q1 of FY20 was up by 5 per cent at Rs. 7,567 crore.

On Monday, the stock of Tata Power made an intra-day high of Rs. 59 and finally closed at Rs. 57.95, down by 2.11 per cent.