Shirdi Sai Electricals Limited is investing Rs 15,000 crore to build a solar cell to module manufacturing facility in Andhra Pradesh. The project, under the government s PLI scheme, includes 5 GW each of module, cell, wafer, and ingot capacities, with an additional 5 GW for glass. Once completed by 2028, it will be the world s first fully integrated quartz-to-module plant, creating 32,000 jobs. Established in 1994, SSEL Group has grown to become India s largest transformer manufacturing company, also involved in transmission and green energy projects.
Tata Power Solar Systems Limited Signs Contract With NTPC Limited To Supply 152 MWp DCR Solar PV Modules For Its Nokh Solar Park In Rajasthan poweronline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from poweronline.com Daily Mail and Mail on Sunday newspapers.
Tata Power shares opened higher at Rs 246.45 against the previous close of Rs 244.80 on BSE. The firm will announce its earnings for the quarter ended September and half year on November 8.
Tata Power Renewable Energy Limited (TPREL), integrated renewable energy companies and a subsidiary of The Tata Power, has received the second and final round of investment of ₹ 2,000 crore from GreenForest New Energies Bidco Limited, the company said via an exchange filing.
The company has also successfully allotted 20,00,00,000 Compulsorily Convertible Preference Shares at face value of ₹ 100
TPREL has now received ₹ 4,000 crore of investment pursuant to the binding agreement signed on 14th April 2022 between Tata Power, TPREL and BlackRock Real Assets-led consortium.