Tata Power to set up solar plant at Solapur site to power CEAT facility
POWER & RENEWABLE ENERGY

Tata Power to set up solar plant at Solapur site to power CEAT facility

Tata Power will set up a 10 MW captive solar plant at its Solapur facility, which will power CEAT’s tyre manufacturing facility in Bhandup, Mumbai.

CEAT informed the media that Tata Power has formed a special purpose vehicle (SPV)—TP Akkalkot Renewable Ltd—which will take up the construction, operation and maintenance of the solar power plant.

CEAT will own a 26% stake in the SPV, while Tata power will hold 74%, according to the captive generation rules, it said.

The company said that the power produced would be utilised for captive consumption by CEAT's Bhandup plant. Additionally, the plant is anticipated to generate about 21 million units of energy per year and will yearly offset about 17.43 million kg of carbon dioxide.

Kumar Subbiah, Chief Financial Officer, CEAT, told the media that the partnership with Tata Power for setting up a solar power generation plant in Maharashtra implies their continued commitment towards a shift to sustainable energy.

The company said that the installation of the 10 MW captive solar plant will not only lessen CEAT's dependency on non-renewable energy but will also be a notable milestone in the company's aim towards carbon neutrality.

Image Source


Also read: Azure Power, Tata Power win wind-solar hybrid auction in Maharashtra

Also read: ACME, ReNew win 500 MW solar project in Maharashtra

Tata Power will set up a 10 MW captive solar plant at its Solapur facility, which will power CEAT’s tyre manufacturing facility in Bhandup, Mumbai. CEAT informed the media that Tata Power has formed a special purpose vehicle (SPV)—TP Akkalkot Renewable Ltd—which will take up the construction, operation and maintenance of the solar power plant. CEAT will own a 26% stake in the SPV, while Tata power will hold 74%, according to the captive generation rules, it said. The company said that the power produced would be utilised for captive consumption by CEAT's Bhandup plant. Additionally, the plant is anticipated to generate about 21 million units of energy per year and will yearly offset about 17.43 million kg of carbon dioxide. Kumar Subbiah, Chief Financial Officer, CEAT, told the media that the partnership with Tata Power for setting up a solar power generation plant in Maharashtra implies their continued commitment towards a shift to sustainable energy. The company said that the installation of the 10 MW captive solar plant will not only lessen CEAT's dependency on non-renewable energy but will also be a notable milestone in the company's aim towards carbon neutrality. Image Source Also read: Azure Power, Tata Power win wind-solar hybrid auction in Maharashtra Also read: ACME, ReNew win 500 MW solar project in Maharashtra

Next Story
Infrastructure Transport

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

Next Story
Infrastructure Urban

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

Next Story
Technology

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?