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Tata Power Company Ltd
BSE Code 500400 ISIN Demat INE245A01021 Book Value (₹) 49.41 NSE Symbol TATAPOWER Div & Yield % 0.49 Market Cap ( Cr.) 131,584.08 P/E * 59 EPS * 6.98 Face Value (₹) 1
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Tata Power Renewable Energy crosses 1.4 GW capacity of group captive projects Back
(20 Nov 2023)

Tata Power Renewable Energy (TPREL), a subsidiary of The Tata Power Company, has crossed the 1.4 GW capacity of group captive projects in last seven months. This achievement is the result of signing of Power Delivery Agreements (PDA) with various industries across segments.

Some of the prominent group captive projects that TPREL has signed in the last six months include - collaborations with Tata Steel, Tata Motors, Mukand Limited (a Bajaj Group company), Supreme Petrochem, Xpro India, Neosym Industry, Chalet Hotels, Sanyo Special Steel Manufacturing India, ANAND Group, Endurance Technologies, to name a few. TPREL is also set to construct a 41MW captive solar plant for Tata Power's upcoming 4.3GW Solar cell & module manufacturing facility in Tamil Nadu.

With these group captive projects, TPREL's overall renewables capacity as on Oct'23 has reached 7,961 MW, which comprises 3,755 MW of projects in different phases of development and with an operating capacity of 4,206 MW, which includes 3,200 MW in solar projects and 1,006 MW in wind projects. TPREL also has a huge pipeline of renewable projects under finalisation which will further add to its capacity in the coming months.