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Tata Power’s TP Solar Secures ₹632 Crore SECI Contract for 292.5 MWp Solar Modules

Synopsis:

Tata Power’s TP Solar has secured a ₹632 crore contract from SECI to supply 292.5 MWp domestic solar modules. The modules will be delivered to Ramagiri, Andhra Pradesh, under the CPSU Scheme Tranche-III. Tata Power share price closed at ₹343.30, down by 2.21%.


Tata Power Renewable Energy Ltd’s (TPREL) subsidiary, TP Solar Ltd, has secured a ₹632 crore contract from the Solar Energy Corporation of India (SECI) for supplying 292.5 MWp domestic content requirement (DCR) solar modules. The contract was awarded under the CPSU Scheme Tranche-III, reinforcing TP Solar’s contribution to India's renewable energy expansion. These modules will be deployed in Ramagiri, Andhra Pradesh, marking another milestone in India's push for self-reliance in solar manufacturing.

Also read: Transrail Lighting Secures ₹2,752 Crore Orders in T&D Segment

TATA POWER CO LTD

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387.9-7.95 (-2.00 %)

Updated - 25 April 2025
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382.15day low
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Key Takeaways

  • TP Solar won a ₹632 crore SECI contract for 292.5 MWp solar modules.

  • The contract falls under SECI’s 400 MWp tender and the CPSU Scheme Tranche-III.

  • Modules will be supplied to Ramagiri, Andhra Pradesh.

  • Tata Power share price closed at ₹343.30, reflecting a 2.21% decline.

  • The project strengthens domestic solar manufacturing and energy security.

Also read: TVS Motor Launches TVS King Duramax Plus & Deluxe Plus in Mexico

The contract is part of SECI’s 400 MWp tender, which was awarded through a competitive bidding and e-reverse auction process. TP Solar secured a significant portion of the project, further solidifying Tata Power’s role in India’s renewable energy sector. The initiative aims to boost indigenous solar module manufacturing, reducing dependency on imports and enhancing self-sufficiency.

TP Solar’s Contribution to Domestic Solar Manufacturing

TP Solar’s success in securing this contract aligns with India’s ambitious renewable energy goals. The government has been actively promoting domestic manufacturing through initiatives like the CPSU Scheme, which ensures that large-scale projects utilise locally produced solar modules. This contract will help in reducing carbon emissions and fostering innovation in solar technology.

Project Details

Information

Contract Value

₹632 crore

Awarding Authority

SECI

Solar Module Capacity

292.5 MWp

Location

Ramagiri, Andhra Pradesh

Scheme

CPSU Scheme Tranche-III

Part of SECI’s Tender

400 MWp

Impact on Tata Power Share Price

Despite securing the project, Tata Power share price experienced a dip, closing at ₹343.30, down by ₹7.75 or 2.21% on the BSE. Market fluctuations, investor sentiment, and broader industry trends continue to influence stock movement. However, with consistent growth in renewable energy projects, Tata Power remains well-positioned for long-term gains.

TP Solar’s latest contract win marks a step forward in India's renewable energy journey. By supplying high-quality solar modules under the CPSU Scheme, Tata Power strengthens its position in the domestic market while supporting the country’s clean energy ambitions. As India advances towards sustainable power generation, such initiatives will be crucial in shaping a greener future.

Also read: IndiGo’s Market Share Rises to 65.2% in January Amid Domestic Air Growth

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