Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Tata Power Renewable Energy Ltd signs PDA with Xpro India Ltd for setting up 3.125 MW AC Group Captive Solar Plant

Posted On: 2023-09-14 17:51:58 (Time Zone: IST)


Tata Power Renewable Energy Limited (TPREL), a leading renewable energy player and a subsidiary of Tata Power, has signed a Power Delivery Agreement (PDA) with Xpro India Limited, through a special purpose vehicle (SPV), for the development of a 3.125 MW AC Group Captive Solar Plant. The SPV shall develop, operate, and maintain this captive solar power facility.

Located in Achegaon, Maharashtra, the plant is expected to produce 7.128 million units of electricity annually and will support the use of renewable energy for Xpro India's Polymer Processing Business. 161 million units of electricity will be generated during the agreement term of 25 years and will mitigate approximately 51,660 tons of carbon dioxide emissions.

Speaking about the partnership, Mr. Ashish Khanna, CEO, Tata Power Renewable Energy Limited, stated, "We are pleased to join hands with Xpro India Limited to establish a group captive plant for its polymer processing business. The alliance reflects our commitment to promote the adoption of renewable power in energy intensive businesses and to contribute towards the nation's clean energy transition journey."

We believe that this collaboration with TPREL is a significant step in our sustainability journey, Mr. Vinay Kumar Agarwal, President (Finance) & Chief Financial Officer, Xpro India Limited stated "By sourcing clean energy through this PDA, we are moving forward towards reduced carbon emission and meeting our ESG target of protection of the environment to the extent possible."

Group captive projects offer a stable tariff throughout the PDA terms, unaffected by regulatory changes seen in short-term contracts.

Recently, TPREL had entered into a PDA with Sanyo Special Steel Manufacturing India Pvt. Ltd. for a Captive Solar Plant with a capacity of 28.125 megawatts (AC) and a Captive PDA for 4.4 megawatts (AC) with the ANAND Group, a prominent global leader in the automotive systems and parts industry.

With this addition, TPREL's total renewable utility capacity is 7,836 MW including 3,690 MW projects under various stages of implementation and its operational capacity is 4,146 MW, which includes 3,153 MW solar and 993 MW wind.

Shares of Tata Power Company Limited was last trading in BSE at Rs. 265.05 as compared to the previous close of Rs. 264.80. The total number of shares traded during the day was 418427 in over 6021 trades.

The stock hit an intraday high of Rs. 267.95 and intraday low of 263.60. The net turnover during the day was Rs. 111131405.00.

Shares of Xpro India Limited was last trading in BSE at Rs. 1005.05 as compared to the previous close of Rs. 943.75. The total number of shares traded during the day was 25906 in over 2891 trades.

The stock hit an intraday high of Rs. 1077.00 and intraday low of 944.75. The net turnover during the day was Rs. 26362766.00.


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

HCLTech and Tecnotree collaborate to bring 5G-led GenAI solutions for telcos

Federal Bank Unveils UPI-Enabled RuPay Wave Credit Card via a Simplified 2-click onboarding journey

Lemon Tree Hotels signs a new property in Morbi, Gujarat

Allcheckdeals India Pvt Ltd to invest in NewInc Internet Services Pvt Ltd

Gensol Engineering Ltd allotted additional 250 MW (500 MWh) for GUVNL's Battery Energy Storage Project

APSEZ shines in World Bank's global container port rankings

Radico Khaitan's Luxury Brands Awarded Best World Whisky and Best Gin at the John Barleycorn Awards 2024

Brigade Group signs agreement to develop a Third World Trade Center Tower at Infopark Kochi

Avenue Supermarts Limited opens new store at Mettupalayam

TTK Prestige Limited signs agreement with consultant for future business strategy and plan

Raminfo Limited unveils new Logo, embarks on a Journey of Technological Transformation and Expansion

Eimco Elecon India Ltd receives order worth Rs. 33.11 crores

IndianOil and GPS Renewables Pvt. Ltd. form Joint Venture for Sustainable Energy Solutions

Smart Finsec Limited updates on corporate guarantee

ZF Group sells 7.5 percent stake of its holding in ZF Commercial Vehicle Control Systems India Limited

Vikas Lifecare Limited, plan support agreement for the acquisition of 100% of the equity of Ebix Inc.

Aayush Wellness Limited Board approved 10-for-1 Stock Split and ESOP

IM+ Capitals Ltd is now Fedders Holding Limited

Restaurant Brands Asia Limited approves investment in PT Sari Burger Indonesia

Lords Ishwar Hotels Ltd approves facility from Kotak Mahindra Bank

ABB India and Witt India partner to enhance safety and operational efficiency in key infrastructure projects

Project award for Valiant Cyber Security solutions by ONGC

Strategic partnership between Hubject and Exicom aims to fuel further growth in India's booming EV market

Bharti Airtel Ltd acquires ~26.95 million shares of Indus Towers Ltd

Vipul Organics Limited commences construction at Sayakha in Gujarat

Tata Motors announces price increase of its commercial vehicles from July 2024

Sprayking Limited secures major order for 25 Tonnes of Brass Rod worth Rs. 15 Million

HCLTech Grant symposium at Bhubaneswar discusses strategies and challenges in addressing poverty in rural India

HDFC Securities Caution customers against Fraudulent WhatsApp Groups and Impersonation Scams

Dynacons recognized as HPE Solution Provider of the Year 2024 by Hewlett Packard Enterprise

Apeejay Surrendra Park Hotels Ltd signs new hotel in Nainital, Uttarakhand

Netweb Unveils New AMD based Make-in-India Servers for Data Centers AI Systems

Muthoot Microfin Ltd receives IRDAI registration to act as Corporate Agent

Electronics Mart India Ltd opens Bajaj Electronics store at Tanuku, Andhra Pradesh

Tata Technologies collaborates with Microsoft and Tata Motors to drive innovation with the InnoVent hackathon for engineering students, focused on Generative AI

Sona BLW Precision Forgings Ltd receives certification under PLI scheme

NGL Fine-Chem Limited receives CEP from EDQM for TRICLABENDAZOLE

Libord Finance Limited reduces stake in Libord Brokerage Pvt Ltd

Lancer Container Lines Ltd receives 2nd batch of 100 new containers from SYMCON Industries Pvt Ltd

Artefact Projects Limited receives order from NHAI

Birla Opus Launches Its New Thematic Communication and embarks on a journey to 'Make Life Beautiful'!

Shree Rama Multi-Tech Limited commissions Multi-Layer Film plant

Kaycee Industries Ltd fixes July 6, 2024 as record date for stock split, bonus issue

UFO Moviez signs technology deal with Gofilex

Made in Bharat, for the World: MISH NOW LIVE IN EUROPE ON ZALANDO.COM and OTTO.COM

Jubilant Pharmova announces completion of USFDA audit of contract manufacturing facility at Montreal, Canada

Radico Khaitan brings internationally acclaimed Rampur Asava Indian Single Malt Whisky to Indian markets

DroneAcharya Aerial Innovations Ltd wins order from Maani Care System India Pvt Ltd

Cipla EU to invest an additional EUR 3 million in Ethris

Futuristic Solutions Limited recommends final dividend of Rs. 1


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020