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Tata Power's subsidiary TP Solar secures a ₹455-crore contract to supply 300 MWp solar modules under MSKVY 2.0. Tata Power share price fell by 3.16%, closing at ₹351.85.
Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power, has announced a major win with its solar manufacturing arm, TP Solar Ltd. The company has secured a ₹455-crore contract from Maharashtra State Power Generation Company Ltd (MSPGCL) to supply 300 MWp ALMM-certified solar modules for the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0 project.
The project aims to enhance renewable energy utilisation in Maharashtra by supplying solar power to agricultural consumers under the state initiative. This achievement underscores TP Solar’s leadership in manufacturing high-quality solar modules for India’s energy transition goals.
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Contract Value: ₹455 crore.
Capacity: 300 MWp ALMM-certified solar modules.
Client: Maharashtra State Power Generation Company Ltd (MSPGCL).
Project: Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0.
Manufacturing Base: TP Solar's Tirunelveli plant in Tamil Nadu.
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TP Solar’s state-of-the-art manufacturing facility in Tamil Nadu, with a 4.3 GW annual capacity for cells and modules, will produce the modules using advanced TOPCon and Mono PERC technologies. These ALMM-certified modules align with India’s indigenisation efforts and renewable energy goals.
The modules will be delivered to multiple locations across Maharashtra in 2025, supporting MSPGCL's broader 750 MWp tender. The contract was awarded following an e-reverse auction (eRA), reflecting TP Solar's competitive edge in pricing and quality.
Aspect | Details |
Contract Value | ₹455 crore |
Capacity | 300 MWp |
Project Name | MSKVY 2.0 |
Technology Used | TOPCon and Mono PERC |
Delivery Timeline | Within 2025 |
Despite the positive news, Tata Power share price fell 3.16% on Monday, closing at ₹351.85 on the BSE. The decline may reflect short-term market volatility, though the long-term benefits of this project position Tata Power favourably in the renewable energy sector.
This significant contract win highlights Tata Power’s commitment to driving India’s clean energy goals. With its robust manufacturing capabilities and alignment with national renewable objectives, the company continues to strengthen its position as a leading renewable energy player.
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