BAJAJ BROKING
Tata Power commits ₹1.2 lakh crores to enhance Rajasthan's power infrastructure, focusing on renewable sources and grid modernisation.
Tata Power has formalised an expansive 10-year investment strategy with the Rajasthan government, promising a near ₹1.2 lakh crore infusion into the state's power distribution, transmission, and renewable energy sectors. This monumental agreement was inked at the Rising Rajasthan Investor Summit in New Delhi.
Under this MoU, Tata Power plans to invest:
Nearly ₹75,000 crore in renewable energy projects.
₹20,000 crore in enhancing the distribution network.
₹10,000 crore in upgrading transmission systems.
The strategy includes the development of 10,000 MW of renewable energy capacity, incorporating 6,000 MW from solar and 4,000 MW from hybrid sources. These projects are slated for execution across key districts such as Bikaner, Jaisalmer, Barmer, and Jodhpur.
Noteworthy within the MoU is the establishment of a state-of-the-art 2,000 MW solar module manufacturing facility in Jodhpur, with an investment of ₹2,000 crore. Additionally, Tata Power aims to modernise Rajasthan's grid infrastructure to minimize energy losses and enhance overall power quality.
Aligning with national clean energy goals, Tata Power will also spearhead the installation of 1 lakh EV charging points throughout Rajasthan, entailing an investment of ₹1,000 crore. Moreover, the plan includes equipping 10 lakh households with rooftop solar installations to support the PM Surya Ghar Yojana, fortifying the residential sector's energy independence.
This ambitious project is expected to generate over 28,000 direct jobs in Rajasthan, catalyzing growth in local industries related to solar manufacturing and renewable energy innovations. The substantial integration of renewable resources is anticipated to reduce energy costs, bolstering Rajasthan's appeal as a hub for sustainable industrial development and green investments.
Tata Power's strategic investment reaffirms its commitment to advancing renewable energy and enhancing power infrastructure in Rajasthan, thereby supporting India's transition towards a more sustainable and resilient energy future.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Gold Price in India | Gold Rises 1% to $2,719 Ahead of U.S. PPI Data
12 Dec, 2024 | 39 Min. read
Coca-Cola Sells 40% Stake in Bottling Arm to Jubilant Bhartia Group
12 Dec, 2024 | 2 Min. read
Indian Overseas Bank Receives ₹808.3 Crore Income Tax Refund
12 Dec, 2024 | 2 Min. read
Vedanta to Consider Fourth Interim Dividend on December 16
12 Dec, 2024 | 2 Min. read
Shakti Pumps Secures ₹754.3 Crore Solar Water Pump Order in Maharashtra
12 Dec, 2024 | 2 Min. read
Share Market Today | Flat to Positive Start Expected for Indian Markets Amid Global Cues
12 Dec, 2024 | 4 Min. read
7th Pay Commission Leave Rules & Holidays in India
11 Dec, 2024 | 5 Min. read
Wipro Ltd
11 Dec, 2024 | 7 Min. read
Aditya Birla Group
11 Dec, 2024 | 10 Min. read
What is the Lock-in Period in IPO
11 Dec, 2024 | 6 Min. read
Textile Sector in India
11 Dec, 2024 | 11 Min. read
Step-by-Step Guide to Accessing Your Income Tax Assessment Order Online
11 Dec, 2024 | 3 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading