Mumbai, February 28, 2025: TP Solar Limited (TP Solar), a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL) and an indirect subsidiary of The Tata Power Company Limited (BSE: 500400, NSE: TATAPOWER), has secured a significant contract valued at ₹632 crore from the Solar Energy Corporation of India Limited (SECI).
The project involves supplying 292.5 MWp Domestic Content Requirement (DCR) solar modules to SECI's project site in Ramagiri, Andhra Pradesh. The contract reflects TP Solar’s continued prominence in India's renewable energy sector, leveraging its position as the operator of India’s largest single-location solar manufacturing plant.
Key Contract Details:
| Particulars | Details |
|---|---|
| Contract Value | ₹632 crore |
| Contracting Authority | Solar Energy Corporation of India (SECI) |
| Capacity | 292.5 MWp DCR Solar Modules |
| Project Location | Ramagiri, Andhra Pradesh |
| Delivery Timeline | October 2025 – January 2026 |
| Nature of Transaction | Domestic, through competitive e-Reverse Auction |
| Related Party Transaction | No |
| Promoter Group Interest | Not Applicable |
Strategic Significance and Market Positioning:
This contract reinforces Tata Power’s strategic focus on clean energy and domestic manufacturing capabilities, underlining the company's pivotal role in India's green energy transition. TP Solar’s contribution is poised to enhance India’s domestic solar manufacturing industry while helping the country meet its renewable energy targets.TP Solar’s single-location plant—India’s largest—enables efficient and timely delivery of large-scale orders, a crucial advantage in a competitive market.
Management Commentary:
Highlighting the strategic significance, Tata Power affirmed, "TP Solar continues to contribute significantly to India’s clean energy transition and is instrumental in facilitating large-scale solar installations across the country."The order aligns with Tata Power’s broader goal of sustainable growth and expansion in the renewable energy sector, further solidifying its market leadership in domestic solar module manufacturing.