TP Solar Ltd., the solar manufacturing arm of Tata Power Co., has secured a contract worth approximately Rs 632 crore from Solar Energy Corp.
TP Solar, which has India's largest single-location solar manufacturing plant, secured the contract from SECI for supply of 292.5 MWp domestic content requirement solar modules, according to an exchange filing on Thursday.
The project, awarded under the CPS Scheme Tranche-III, reinforces the Tata Power subsidiary's commitment to advancing India's renewable energy transition, it added.
The order entails delivery of high-quality DCR solar modules to the designated site in Andhra Pradesh's Ramagiri village. It will have to complete the project in about four months, as the preferred delivery timeline for the project is set from October 2025 to January 2026.
The project is part of SECI's larger 400 MWp tender, which underwent a competitive bid-submission process followed by an e-reverse auction. The contract includes a total scope of 400 MWp DCR modules, of which TP Solar has secured 292.5 MWp, the company added.
The CPSU Scheme is a crucial initiative to enhance domestic solar manufacturing and strengthen India's energy security, according to Sivakumar Vepakomma, director of power systems at SECI. "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."
Vepakomma said the project would contribute to the country's renewable energy targets, create economic opportunities and support the long-term sustainability of the solar industry.
Shares of Tata Power closed 2.21% lower at Rs 343.30 apiece on the BSE, compared to a 0.01% decline in the benchmark Sensex
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