Aatmanirbhar Bharat Boost: Tata Power’s TP Solar Secures Rs 632 Crore Contract from Government of India
By securing this contract, TP Solar cements its position as a leading solar module manufacturer in India and significantly contributes to the government’s Aatmanirbhar Bharat vision
Tata Power Ltd, a flagship power-producing entity of the Tata Group, has achieved a significant milestone in India's renewable energy journey. Its subsidiary, TP Solar Limited (TP Solar), a wholly owned unit of Tata Power Renewable Energy Limited (TPREL), has won a crucial contract from the Solar Energy Corporation of India Limited (SECI). The agreement entails the supply of 292.5 MWp Domestic Content Requirement (DCR) solar modules, reinforcing India’s mission of self-reliance in clean energy.
This strategic contract, valued at approximately Rs 632 crore, is part of SECI’s CPSU Scheme Tranche-III. The scheme aims to boost domestic solar manufacturing while ensuring India’s transition toward a sustainable, energy-secure future. TP Solar’s modules will be supplied to the project site in Ramagiri, Andhra Pradesh, playing a vital role in executing SECI’s 400 MWp tender. Following a rigorous selection process that included competitive bidding and an e-Reverse Auction, TP Solar secured a significant share of the tender with 292.5 MWp.
The project’s timeline spans from October 2025 to January 2026, ensuring a smooth and timely execution of the large-scale solar installation. By securing this contract, TP Solar cements its position as a leading solar module manufacturer in India and significantly contributes to the government’s Aatmanirbhar Bharat vision. Using domestically manufactured modules in large-scale renewable projects aligns with India’s long-term sustainability goals and strengthens the indigenous solar manufacturing ecosystem.
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According to the company’s management, the CPSU Scheme plays a pivotal role in India’s green energy shift by promoting local production and reducing reliance on imported solar modules. TP Solar’s participation in this initiative reflects its commitment to ensuring India’s energy security while fostering a robust domestic solar industry. The company’s advanced manufacturing capabilities and technological expertise make it a preferred choice for large-scale solar projects.
Tata Power, a leading player in India’s power sector and an integral part of the Tata Group, continues to expand its renewable energy footprint. With a diversified power portfolio of 15.6 GW, the company has a strong presence across the entire power value chain, including renewable and conventional energy generation, transmission, distribution, trading, storage solutions, and solar cell and module manufacturing. Of this, 6.7 GW comes from clean energy sources, making up 43 per cent of its total capacity. The company remains committed to achieving carbon neutrality before 2045 and has played a crucial role in India's green energy transformation.
Tata Power’s stock currently trades at Rs 339 on the stock market front, boasting a market capitalization exceeding Rs 1,08,370 crore. The stock has seen a correction of over 13 per cent so far in 2025.
Disclaimer: This article is for informational purposes only and should not be considered investment advice.