+
Tata Power subsidiary wins 966 MW hybrid project for Tata Steel
POWER & RENEWABLE ENERGY

Tata Power subsidiary wins 966 MW hybrid project for Tata Steel

Tata Power Renewable Energy, a subsidiary of Tata Power, has been awarded a contract to establish a round-the-clock hybrid renewable power project with a capacity of 966 MW for Tata Steel. The project will comprise a combination of solar and wind power, with 379 MW allocated to solar and 587 MW to wind, according to a statement from the company.

Tata Steel, recognised as one of the world's most geographically diversified steel producers, boasts an annual crude steel production capacity of 35 million tonnes per annum (MnTPA).

The implementation of this project will significantly contribute to fulfilling a substantial portion of Tata Steel's green energy requirements in India, resulting in an annual reduction of 2,389,160 tonnes of CO2 emissions.

Tata Steel will invest 26 percent equity in the project, which is scheduled to be commissioned by June 1, 2025, in accordance with the agreed-upon timeline.

Praveer Sinha, CEO & MD of Tata Power, expressed in the statement, "The 966 MW RTC (round the clock) hybrid renewable power project represents a significant milestone in our collective endeavors to accelerate the adoption of clean and sustainable energy in order to achieve the net-zero target."

T V Narendran, CEO & MD of Tata Steel, further added, "This agreement aligns with our vision for sustainability and will contribute to the reduction of carbon emissions associated with our operations. We firmly believe that renewable energy is the future, and this partnership enables us to take a step closer to achieving our net-zero target by 2045."

Following the addition of this project, Tata Power Renewable Energy's total renewables capacity has now reached 7,756 MW, with an installed capacity of 4,059 MW (including 3,107 MW of solar and 952 MW of wind), along with an additional 3,697 MW under various stages of implementation.

Tata Power Renewable Energy, a subsidiary of Tata Power, has been awarded a contract to establish a round-the-clock hybrid renewable power project with a capacity of 966 MW for Tata Steel. The project will comprise a combination of solar and wind power, with 379 MW allocated to solar and 587 MW to wind, according to a statement from the company. Tata Steel, recognised as one of the world's most geographically diversified steel producers, boasts an annual crude steel production capacity of 35 million tonnes per annum (MnTPA). The implementation of this project will significantly contribute to fulfilling a substantial portion of Tata Steel's green energy requirements in India, resulting in an annual reduction of 2,389,160 tonnes of CO2 emissions. Tata Steel will invest 26 percent equity in the project, which is scheduled to be commissioned by June 1, 2025, in accordance with the agreed-upon timeline. Praveer Sinha, CEO & MD of Tata Power, expressed in the statement, The 966 MW RTC (round the clock) hybrid renewable power project represents a significant milestone in our collective endeavors to accelerate the adoption of clean and sustainable energy in order to achieve the net-zero target. T V Narendran, CEO & MD of Tata Steel, further added, This agreement aligns with our vision for sustainability and will contribute to the reduction of carbon emissions associated with our operations. We firmly believe that renewable energy is the future, and this partnership enables us to take a step closer to achieving our net-zero target by 2045. Following the addition of this project, Tata Power Renewable Energy's total renewables capacity has now reached 7,756 MW, with an installed capacity of 4,059 MW (including 3,107 MW of solar and 952 MW of wind), along with an additional 3,697 MW under various stages of implementation.

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?