Tata and Ashoka Buildcon secure 470 MW from solar auction

26 Dec 2020 Editorial Team

Tata Group’s solar energy services division Tata Power Solar and construction engineering company Ashoka Buildcon have secured 470 MW of solar projects under NTPC’s engineering, procurement, and construction (EPC) auction for a total of 1.07 GW solar projects.

Under the bucket-filling method:

Tata Power Solar Systems Ltd has been awarded 320 MW
Ashoka Buildcon Ltd gets 150 MW

Tata placed bids for 470 MW while Larsen & Toubro (L&T) and Jakson Ltd had also placed bids for 300 MW and 100 MW respectively, but could not secure any project capacity.

NTPC had earlier floated the EPC tender for 1.07 GW capacity projects in August in anticipation of winning the auction conducted by Solar Energy Corporation of India (SECI) for the same capacity.

Since NTPC was awarded only 470 MW in the auction, they reduced the corresponding EPC auction to match the capacity won, ie, 470 MW.

The scope of work included the following:

Design
Engineering
Manufacturing
Supply
Installation

Commissioning of the grid-connected solar projects on a turnkey basis
In the SECI auction solar projects in Rajasthan, NTPC quoted Rs 2.01 per kWh for 600 MW of projects but secured only 470 MW under the bucket filling method.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..