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Tata Power Co. Ltd — Capital/Financing Update 2025
Feb 28, 2025
60774_rns_2025-02-28_226a83bc-d7da-48b1-b8ae-67a163bf5ae2.pdf
Capital/Financing Update
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February 28, 2025
BSE Limited Corporate Relationship Department 1[st] Floor, New Trading Ring, Rotunda Bldg., P. J. Towers, Dalal Street, Fort, Mumbai 400 001. Scrip Code: 500400
National Stock Exchange of India Limited Exchange Plaza, 5[th] Floor, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051. Symbol: TATAPOWER
Dear Sir/Madam,
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that TP Solar Limited (TP Solar), a wholly owned subsidiary of Tata Power Renewable Energy Limited (TPREL) and a subsidiary of The Tata Power Company Limited (Tata Power), has secured a contract worth ₹632 crore from the Solar Energy Corporation of India Limited (SECI) for the supply of 292.5 MWp DCR (Domestic Content Requirement) Solar Modules in Ramagiri, Andhra Pradesh.
TP Solar, which operates India’s largest single-location solar manufacturing plant, continues to contribute to the country's clean energy transition and facilitate large-scale solar installations. The project is scheduled for delivery over four months, from October 2025 to January 2026.
The details pursuant to SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 (‘SEBI Circular’) are as follows:
| Sl. No. |
Particulars | Description |
|---|---|---|
| 1. | Name of the entity to which order(s)/contract(s) is awarded; |
TP Solar, a wholly owned subsidiary of TPREL and a subsidiary of TataPower |
| 2. | Whether order(s) / contract(s) is awarded to domestic/internationalentity |
Domestic |
| 3. | Significant terms and conditions (T&Cs) of order(s)/contract(s) awarded, in brief; |
Award secured following a competitive bid submission process followed by an e-Reverse Auction. T&Cs are as per the provisions of tender floated by SECI |
| 4. | Time period, if any, associated with the order(s)/contract(s); |
Preferred delivery is set from October 2025 to January2026 |
| 5. | Broad commercial consideration or size of the order(s)/contract(s); |
₹ 632 crore |
| 6. | Whether the promoter/ promoter group/group companies have any interest in that entity to whom the order(s)/contract(s) is awarded? If Yes, nature of interest and details thereof; |
NA |
| 7. | Whether the same would fall within related party transactions? If yes, whether the same is done at “arm’s length”. |
NA |
The above information is being made available on the website of the Company: www.tatapower.com
This is for your information and records.
Yours Sincerely, For The Tata Power Company Limited VISPI Digitally signed by SAROSH VISPI SAROSH PATEL Date: 2025.02.28 PATEL 11:11:03 +05'30' Vispi S. Patel Company Secretary FCS 7021
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