Tata Power Solar wins LoA for GSECL worth Rs 460 crore

Tata Power Solar, a wholly-owned subsidiary of Tata Power announced on Thursday that the company has received a letter of award (LoA) for GSECL worth Rs 460 crore. 

The company has received an order to build 95 MW of ground-mounted solar PV project for Gujarat State Electricity Corporation Limited (GSECL). The project’s commercial operation date is set for April 2022, valuing Rs 460 crore (USD 63 million). 

Considering the latest order, the order pipeline of Tata Power Solar Systems Ltd (TPSSL) stands at approximately 4.2 GWp with an approximate value of Rs 12,500 crore thus, strengthening the company’s position as India’s leading solar EPC player for the seventh year in a row among utility-scale. 

Tata Power Company Ltd is one of the largest power generation companies in India, which is engaged in the generation, transmission & distribution of electricity. Its subsidiary, Tata Power Solar specialises in providing comprehensive EPC solutions and also manufactures high-efficiency PV modules. 

Tata Power Solar, with a total portfolio of 421 MW (as of March 31, 2020), has successfully implemented large projects such as the 150 MW Ayana at Anantapur, 50 MW Kasaragod at Kerala, 56 MW Greenko and so on. 

The share of Tata Power Co Ltd closed 1.65 per cent higher at Rs 77.2. The share recorded an intraday high of Rs 77.85 and an intraday low of Rs 74.50 on BSE.