Latest news with #TPSolar
Business Upturn
10 hours ago
- Business
- Business Upturn
Tata Power subsidiary crosses 4 GW solar module production milestone at Tamil Nadu facility
TP Solar Limited (TP Solar), a wholly owned subsidiary of Tata Power Renewable Energy Limited (TPREL), announced it has surpassed 4 GW in cumulative solar module production at its solar manufacturing facility in Tamil Nadu. The milestone reflects production of 4,049 MW of solar modules and 1,441 MW of solar cells as of May 31, 2025. The Tamil Nadu plant, developed to comply with India's Domestic Content Requirement (DCR) norms, is equipped to produce high-efficiency Mono PERC (Passivated Emitter and Rear Cell) and TopCon (Tunnel Oxide Passivated Contact) modules. These are manufactured using automated and AI-driven technologies aimed at improving efficiency and throughput. Looking ahead, TP Solar has outlined targets for FY26 to produce 3.7 GW of solar cells and 3.725 GW of solar modules, aligning with India's national goal of achieving 500 GW of non-fossil fuel capacity by 2030. The manufacturing facility supplies modules for Tata Power's diverse project pipeline, including utility-scale solar farms, hybrid energy parks, and distributed rooftop systems. It also fulfills requirements for third-party installations across the country. TP Solar's Tamil Nadu facility is part of Tata Power's broader efforts to localize the solar energy supply chain and reduce import dependency. The plant's rated capacity of 4.3 GW is expected to be fully utilized by FY26. In addition to its production capabilities, the plant integrates sustainability measures, including energy-efficient operations and green building standards. A key aspect of the facility is its workforce composition: more than 80% of shop floor employees are women, supporting broader inclusion in the clean energy manufacturing sector. TPREL also operates a 682 MW solar module and a 530 MW solar cell facility in Bengaluru. This plant runs at full capacity and is focused on meeting DCR compliance needs. With vertically integrated operations across manufacturing, engineering, and deployment, TP Solar is positioned to contribute significantly to India's clean energy transition. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
New Indian Express
18-05-2025
- Business
- New Indian Express
Tata Power's Nellai plant sets rare benchmark
CHENNAI: The Tirunelveli-based plant operated by Tata Power's solar manufacturing arm, TP Solar, produced 3.3 gigawatts (GW) of solar modules and 846 megawatts (MW) of solar cells in the financial year ending March 2025, marking one of the highest domestic outputs in India's solar sector. The facility is setting new standards, not only in production but also in workforce diversity. Over 80 per cent of the plant's employees are women from local communities, a rare benchmark in Indian manufacturing and a clear signal of inclusive industrial growth, a release stated. The facility, among the country's most advanced integrated solar manufacturing units, has emerged as a key pillar of Tata Power's clean energy ambitions and a symbol of India's drive toward energy self-reliance. The facility delivered Rs 5,337 crore in revenue and a profit of Rs 422 crore after tax reduction in financial year 2025, the release stated.
Time of India
14-05-2025
- Business
- Time of India
Tata Power FY25 PAT rises 26 pc to ₹5,197 cr; Q4 profit up 25 pc at ₹1,306 cr
New Delhi: Tata Power on Wednesday reported a 26 per cent year-on-year rise in profit after tax (PAT) before exceptional items at ₹5,197 crore for the financial year ended March 31, 2025. The company's Q4FY25 PAT rose 25 per cent year-on-year to ₹1,306 crore. Annual revenue for FY25 stood at ₹64,502 crore, up 5 per cent from ₹61,542 crore in FY24, marking the company's highest-ever revenue. EBITDA for FY25 rose 14 per cent to ₹14,468 crore. In Q4, revenue increased 7 per cent year-on-year to ₹17,238 crore, while EBITDA rose 14 per cent to ₹3,829 crore. Core business PAT for Q4FY25 grew 52 per cent year-on-year to ₹1,541 crore. In Q4FY25, the distribution segment reported 73 per cent year-on-year growth in PAT. PAT from Odisha DISCOMs rose three-fold to ₹275 crore, supported by improvements in billing and collections and lower expected credit loss provisions. For FY25, Odisha DISCOMs reported PAT of ₹439 crore, up 43 per cent from the previous year. The renewables business posted 62 per cent PAT growth year-on-year to ₹469 crore in Q4, and 48 per cent growth to ₹1,256 crore for FY25. The rooftop solar segment reported ₹100 crore PAT in Q4FY25 and ₹209 crore in FY25, with installations crossing 1.5 lakh units across more than 700 cities. Manufacturing operations contributed ₹422 crore PAT in FY25, with TP Solar producing 3,291 MW of modules and 846 MW of cells. Revenue from TP Solar stood at ₹5,337 crore. Dr. Praveer Sinha, CEO and Managing Director, Tata Power, said, 'FY25 has been a remarkable year for Tata Power, with the company achieving a record-breaking PAT exceeding ₹5000 crore, driven by exceptional contributions across all our business segments." 'Q4FY25 marks 22nd consecutive quarter of PAT growth, highlighted by several significant milestones. For the first time, we surpassed 1 GW in renewable capacity additions within a single year and are now targeting 2 GW in FY26. Our rooftop solar business has performed impressively, reaching over 1.5 lakh installations, with a total installed capacity of 3 GW. Additionally, our 4.3 GW cell and 4.3 GW module manufacturing facility in Tirunelveli, Tamil Nadu produced 3,291 MW of modules and 846 MW of cells during the year,' he added. Tata Power commissioned over 2.5 GW of renewable capacity during FY25, which included 1 GW of in-house utility-scale projects, 600 MW of rooftop solar (~782 MWp), and 900 MW for third-party customers. It has nearly 3 GW of capacity under development and secured over 6,800 MW of grid connectivity, with more than 30,000 acres of land acquired for pipeline projects. The 1,000 MW Bhivpuri Pumped Hydro Project received Central Electricity Authority (CEA) approval and is scheduled for commissioning by August 2028. The 1,800 MW Shirawata project is expected to begin construction later in FY26 and will be commissioned in 2030. Construction also began at the 600 MW Khorlochhu Hydro project in Bhutan, part of a 5 GW clean energy MoU. In FY25, Tata Power supplied 64.7 billion units of electricity through its generation assets and 47 billion units through its distribution companies. The company's renewable portfolio stood at 10.9 GW as on March 2025, including 5.4 GW under implementation. Tata Power installed over 1.4 lakh home EV chargers and 5,488 public or semi-public charging points across 641 cities. The company signed multiple MoUs during the year, including: 1. $4.25 billion funding agreement with Asian Development Bank for clean energy projects 2. ₹30,000 crore MoU with Assam for 5,000 MW of clean energy 3. ₹49,000 crore MoU with Andhra Pradesh for 7,000 MW RE under ICE policy 4. 200 MW FDRE PPA with NTPC to generate 1,300 MUs 5. MoUs with ONGC and Tata Motors for storage and hybrid projects TP Solar secured a ₹632 crore SECI order for 292.5 MWp of DCR solar modules for deployment in Andhra Pradesh. Tata Power also crossed 26 lakh smart meter installations across its distribution operations.
Yahoo
28-02-2025
- Business
- Yahoo
TP Solar wins $72m solar modules contract in India
Tata Power Renewable Energy's subsidiary TP Solar has secured a contract to supply 292.5 megawatts peak (MWp) DCR [domestic content requirement] solar modules to the Solar Energy Corporation of India (SECI). The Rs6.3bn ($72.4m) contract is part of SECI's 400MWp tender and supports India's renewable energy transition. Awarded under the CPSU Scheme Tranche-III, the project will see TP Solar deliver high-quality DCR modules to Ramagiri, in the Indian state of Andhra Pradesh. The successful bid highlights TP Solar's manufacturing capabilities and aligns with India's Aatmanirbhar Bharat [self-reliant India] vision by promoting locally manufactured solar modules. The preferred delivery timeline for the project spans four months from October 2025 to January 2026. The initiative contributes to India's clean energy transition and supports large-scale solar installations across the country. SECI power system director Sivakumar V Vepakomma stated: 'The CPSU scheme is a crucial initiative to enhance domestic solar manufacturing and strengthen India's energy security. By awarding this contract to TP Solar, we are taking a significant step towards fostering self-reliance in the solar sector and ensuring that large-scale renewable projects are powered by high-quality, locally manufactured modules. 'Tata Power Renewables' expertise and commitment to excellence align well with our vision of accelerating India's clean energy transition while promoting indigenous manufacturing. This project will contribute to the country's renewable energy targets, create economic opportunities and support the long-term sustainability of the solar industry'. The Tata Power Company owns a diversified portfolio of 15.6GW spanning the entire power value chain, from renewable and conventional energy generation to transmission, distribution, trading, storage solutions and solar cell and module manufacturing. In related developments, Tata Power Renewable Energy has recently announced a partnership with the Oil and Natural Gas Corporation to explore opportunities within the battery energy storage system value chain. The non-binding memorandum of understanding (MoU) aims to enhance India's energy security through renewable energy integration and advanced storage solutions. "TP Solar wins $72m solar modules contract in India" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
