Tata Power to become India's largest integrated solar company
Tata Power Solar, announced that the company has ramped up the scale of business substantially by focusing on building state of art technology, engineering and strengthening on customer and employee satisfaction. Tata Power Solar increased its revenue by more than two and a half times in just two years to reach Rs 2,262 crore.
The focus on efficiency and quality coupled with leveraging technology and innovation has helped the company to implement several challenging projects. The company, with a view of long-term objective, significantly increased focus on EPC, where it had built strong competencies Tata Power Solar has also been the biggest rooftop player for three years in a row.
Tata Power Solar, in its effort to encourage domestic manufacturing, made significant expansion and modernisation of its cell and module facility in Bengaluru. The second expansion within two years doubled the company’s module capacity to 400 MW, and increased its cell manufacturing capacity by 65 per cent to 300 MW. The efficiency level of the cells and modules coming out of these lines are among the best in the world.
Commenting on the achievement, Anil Sardana, CEO & MD, Tata Power said, “Considering the fact that solar EPC is extremely low margin and the pressures faced by the domestic manufacturing sector, the company has turned profitable within a short span, which is a remarkable achievement. Renewables will continue to be our key focus whether it is generation or manufacturing business.”