Tata Power Solar Subsidiary Secures ₹455 Crore Solar Module Order

TP Solar Ltd, a subsidiary of Tata Power Renewable Energy Ltd (TPREL), has been awarded a ₹455 crore contract by Maharashtra State Power Generation Company Ltd (MSPGCL). The contract involves the supply of 300 MWp ALMM-certified solar modules under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0 project. These modules are expected to be delivered across various locations in Maharashtra by the end of this year.

Tata Power Company Ltd shares are trading at ₹349.35, down by 0.72% today (28 Jan, 12:54 PM), with a 21.01% decline over the past six months and 8.44% over the past year.

Part of a Larger Tender

This order is a part of MSPGCL’s larger 750 MWp solar tender, which was finalized through a competitive e-reverse auction (eRA) process. The modules supplied by TP Solar will contribute to Maharashtra’s renewable energy, particularly in supporting agricultural power needs under the MSKVY 2.0 scheme.

Largest Solar Cell Facility

TP Solar operates India’s largest single-location solar cell and module manufacturing plant in Tirunelveli, Tamil Nadu. The plant has a production capacity of 4.3 gigawatts (GW) each for solar cells and modules.

 It has been designed to accommodate future expansion and a push toward increasing domestic solar manufacturing capacity.

Technological Features 

The facility uses advanced technologies like TOPCon and Mono PERC for manufacturing. It produces ALMM-certified modules, as well as domestically produced DCR modules, with India-made solar cells. This will help strengthen the solar value chain within the country.

Investment in Renewable Energy

Tata Power has invested ₹4,300 crore in the Tirunelveli facility. This is in an effort to reduce dependency on imported solar components and encourage indigenisation in the renewable energy sector.

The modules under the current contract are expected to be deployed within 2025. This project shows the role of large-scale tenders in boosting solar energy adoption in India, particularly through state-led renewable energy initiatives.

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