Tata Power subsidiary gets LoI for 250 MW solar plant in Maharashtra

21 Sep 2021 CW Team

On Monday, Tata Power told the media that its wholly-owned subsidiary TP Saurya has received a letter of intent (LoI) from the Maharashtra State Power Generation Corporation to build a 250 MW solar power plant.

According to the official press release, the plant will be located at the Dondaicha Solar Park in Maharashtra's Dhule District, and Maharashtra State Electricity Distribution Company has agreed to purchase power generated by the plant.

Praveer Sinha, chief executive officer and managing director, Tata Power told the media that the project will increase the share of renewable energy in Maharashtra's overall energy mix.

The project was awarded through a tariff-based competitive bidding process followed by an e-reverse auction, and it will be operational within 15 months of the power purchase agreement's execution, according to the company.

Tata Power Limited, a subsidiary of the Tata Group, is an Indian electric utility company based in Mumbai, Maharashtra. The company's main business is generating, transmitting, and distributing electricity. It has a total installed capacity of 10,577 MW, making it India's largest integrated power company.

Tata Power was ranked third in the 2017 Responsible Business Rankings developed by IIM Udaipur. Tata Power became the first Indian company to ship over 1 GW of solar modules in February 2017.

Tata Power Solar Systems Limited, formerly Tata BP Solar, is a solar energy services company based in India. Solar cells, solar modules, and other solar products are manufactured by the company, which also offers EPC services for solar power projects.

Image Source

Also read: Tata Power and Aljomaih win RUMSL's solar park auction

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..