Nature of Disclosure: The company submitted a press release regarding the commissioning of a captive solar project for Tata Steel Limited. The disclosure explicitly states this is for reference and records only, and not a disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015.
Project Details: Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has commissioned a 72.5 MW captive solar project at Kalasar, Bikaner, Rajasthan, developed specifically for Tata Steel Limited. The project is implemented through TP Vardhman Surya Limited, another subsidiary of TPREL.
Technical Specifications: The project utilizes 171,360 solar modules manufactured by TP Solar Limited. It is expected to generate 166 million units (MUs) of green energy annually and will offset approximately 118,856 tonnes of carbon emissions per annum.
Capacity Update: With the addition of this project, TPREL's total renewable utility capacity has reached 12.3 GW. This includes approximately 7 GW of operational capacity (5.7 GW solar and 1.3 GW wind) and close to 5.3 GW under various stages of implementation (2.2 GW solar and 3.1 GW wind). The projects under implementation are expected to be commissioned in phases over the next 6-24 months.
Corporate Context: The Tata Power Company Limited is described as a vertically integrated power company with total operational and under-construction capacity surpassing 26 GW. This includes approximately 17.7 GW of clean and green energy capacity (including projects under construction) and around 8.8 GW of thermal generation capacity. The company has over 7,800 circuit kilometres of transmission lines and serves over 13 million customers across its distribution businesses. Additional business segments include 4.9 GW of integrated solar cell and module manufacturing capacity, 2.8 GW of signed pumped hydro storage projects, and an EV charging network of over 7,000 public charging points across 717 cities and towns in India.
Purpose: The project supports Tata Steel's decarbonization and sustainability goals while reinforcing TPREL's position as one of India's leading renewable energy companies. The company remains committed to developing innovative clean energy solutions that contribute to India's target of achieving 500 GW of non-fossil fuel capacity by 2030 and Tata Power's vision of a sustainable energy future.
Contacts: The release provides contact information for Jyoti Kumar Bansal (Chief – Branding & Communications) and Siddharth Gaur (Head Public Relations) at Tata Power, as well as Siddharth Kumar at Adfactors PR.
Disclaimer: The document includes a standard disclaimer regarding forward-looking statements, noting they are subject to various risks and uncertainties including changes in economic conditions, business environment, government regulations, and other incidental factors.