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Tata Power arm bags LoA to set up 300 MW project in Rajasthan Back
(15:29, 30 Mar 2023)

The project, located at Barsingar in Bikaner district, Rajasthan, is expected to generate more than 750 million units and reduce 6 lakh tons of CO2 annually, said the company.

NLC India (formerly Neyveli Lignite Corporation) has been a forerunner amongst the public sector enterprises in the energy sector, with large scale lignite production and significant share in thermal and renewable power generation.

TPSSL will also do the operation and maintenance of the project for 3 years after the commercial operation declaration (COD).

The LoA for the project was awarded through competitive bidding. The project will get commissioned within 18 months from the date of receiving of LoA.

TPSSL will handle the complete project execution from designing to commissioning and the evacuation system up to delivery point (220 KV side of pooling substation).

The company said that this win not only reinforces TPSSL's leadership position in the execution of large solar projects but also establishes it as a preferred partner for driving the green energy transition in the country.

TPSSL has commissioned some of the most significant EPC and large-scale solar projects in the country. TPSSL is a trailblazer in developing and setting up customized renewable projects and with this win, its total portfolio will touch 11.5GWp. As on date, TPSSL's total order book stands at about Rs 17,000 crore.

Tata Power Company is one of India's largest integrated power companies and together with its subsidiaries and jointly controlled entities, has an installed / managed capacity of 14,002 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 soared 121.9% to Rs 945.02 crore in Q3 FY23 as against Rs 425.81 crore in Q3 FY22. Net sales jumped 29.5% year on year to Rs 14,129.12 crore in the quarter ended 31 December 2022.

Shares of Tata Power Company rose 0.92% to end at Rs 185.65 on Wednesday, 29 March 2023.

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