Tata Group company Tata Power has received an order from the government. After this news, the buying of Tata Power’s stock suddenly increased. In Thursday’s trade, the share price of Tata Power rose more than one percent to close at Rs 247.55. Talking about the market capital, it stood at Rs 79,100 crore.
Order details received by Tata Power: Tata Power Solar Systems has bagged an order worth Rs 5,500 crore from state-owned SJVN Ltd. The order is for Solar Engineering, Procurement and Construction (EPC) for a 1000 MW project. This EPC order has been designed keeping in mind the usage of ‘Make in India’ batteries and modules.
24 Months Deadline: The project will be developed under the Central Public Sector Undertaking (CPSU) scheme of the Ministry of New and Renewable Energy and will be completed within 24 months.
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The project, spread over 5,000 acres of land in Rajasthan, aims to reduce carbon emissions by about 22,87,128 kg, the company said. This will generate about 250 crore units of electricity annually.