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The project is awarded under the CPSU Scheme Tranche-III and reinforces TP Solar's commitment to advancing India’s renewable energy transition. The contract, valued at approximately Rs 632 crore, entails the delivery of high-quality DCR modules to the designated site in Ramagiri, Andhra Pradesh.
The project is part of SECI’s larger 400 MWp tender, which underwent a competitive bid submission process followed by an e-reverse auction. The contract includes a total scope of 400 MWp DCR modules, of which TP Solar has secured 292.5 MWp.
Sivakumar V. Vepakomma, director (Power System), SECI, said, “The CPSU Scheme is a crucial initiative to enhance domestic solar manufacturing and strengthen India's energy security. By awarding this contract to TP Solar, we are taking a significant step towards fostering self-reliance in the solar sector and ensuring that large-scale renewable projects are powered by high-quality, locally manufactured modules."
Tata Power Company is one of India's largest integrated power companies, and together with its subsidiaries and jointly controlled entities, it has an installed/managed capacity of 14,453 MW. The company has a presence across the entire power value chain—generation of renewable as well as conventional power, including hydro and thermal energy, transmission & distribution, coal & freight, logistics, and trading.
The company’s consolidated net profit rose 8.2% YoY to Rs 1,030.70 crore in the quarter ended 31st December 2024. Net sales increased 5.1% to Rs 15,391.06 crore in Q3 FY25 as compared with Rs 14,651 crore in Q3 FY24.
Shares of Tata Power Company fell 1.18% to Rs 339.25 on the BSE.
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