Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power Company Ltd, on Monday (November 20) said it has crossed the 1.4-GW capacity across group captive projects in the last seven months.

Share Market Live

NSE

This achievement is the result of the signing of power delivery agreements 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, Supreme Petrochem, Xpro India, Neosym Industry, Chalet Hotels, Sanyo Special Steel Manufacturing India, ANAND Group, and Endurance Technologies, to name a few.

Also Read: Amazon eyes $20 billion exports by 2025 from India, says company official

TPREL is also set to construct a 41-MW captive solar plant for Tata Power’s upcoming 4.3-GW solar cell and module manufacturing facility in Tamil Nadu.

Deepesh Nanda, CEO and MD of TPREL, said crossing the 1.4-GW mark is not just a milestone for the company but also a testament to its continuous dedication to sustainability.

With these group captive projects, TPREL's overall renewables capacity as of October 2023 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.

Shares of Tata Power Company Ltd ended at ₹260.75, down by ₹1.80, or 0.69%, on the BSE.

(Edited by : Shoma Bhattacharjee)

First Published:Nov 20, 2023 8:48 PM IST