Wednesday, March 1, 2023

Tata Motors And State Bank of India Sign MoU To Offer Attractive Financing Solutions For The Ace EV


* The partnership will introduce easy loan structured schemes for purchase of the all-new Tata Ace EV

Tata Motors, India’s largest commercial vehicle manufacturer has signed a Memorandum of Understanding (MoU) with State Bank of India (SBI), country’s leading public sector bank to offer unique financing solutions for the purchase of the all-new Tata Ace EV – India’s most advanced, zero-emission, four-wheel commercial vehicle. Through this partnership, Tata Motors will leverage SBI’s strong network to make these solutions accessible to customers.

Highlights of SBI finance policy for Tata Ace EV:

* 90% funding of on-road price of the vehicle

* Loan tenure up to six years 

* Digitally-enabled loan sanction process 

* No collateral security required for a loan 

On the occasion, Mr Pravin Raghavendra– Deputy Managing Director (Retail - Agri, SME & FI), State Bank of India, said, “We are proud to partner with Tata Motors in an endeavour to offer attractive financing options for the Ace EV. We are confident that the new financing scheme will help individuals and MSMEs in purchasing the state-of-the-art, eco-friendly electric mini-truck.”

Commenting on this partnership, Mr. Rajesh Kaul, Vice President, Sales & Marketing, Commercial Vehicle Business, Tata Motors, said, “We are delighted to join hands with the largest bank in the country, the State Bank of India, to offer unique, seamless financing schemes for the Tata Ace EV customers. The MoU has further strengthened our aim to make Tata Ace EV more accessible to customers. We are confident that our collaboration will fast-track our efforts towards sustainable mobility and support the nation’s net-zero aspirations.”

The new Ace EV is co-developed with rich collaboration with its stakeholders, and has successfully completed stringent real-world market trials with its customers. Supported by a diligently curated ecosystem, the Ace EV comes with a holistic solution for hassle free e-cargo mobility and 5-year comprehensive maintenance package. The Ace EV’s supporting ecosystem includes development and deployment of charging infrastructure, setting up of dedicated Electric Vehicle Support Centres for maximum fleet uptime, deployment of Tata Fleet Edge – the next-gen optimal fleet management solution, support of Tata UniEVerse, the proven enabling eco-system of relevant Tata Group companies, and partnerships with the country’s leading financiers for availing funding.

About Tata Motors

Part of the USD 128 billion Tata group, Tata Motors Limited (NYSE: TTM; BSE: 500570 and 570001; NSE: TATAMOTORS and TATAMTRDVR), a USD 37 billion organization, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses, offering extensive range of integrated, smart and e-mobility solutions. With ‘Connecting Aspirations’ at the core of its brand promise, Tata Motors is India’s market leader in commercial vehicles and amongst the top three in the passenger vehicles market.

Tata Motors strives to bring new products that fire the imagination of GenNext customers, fueled by state of the art design and R&D centers located in India, UK, US, Italy and South Korea. With a focus on engineering and tech enabled automotive solutions catering to the future of mobility, the company’s innovation efforts are focused to develop pioneering technologies that are sustainable as well as suited to evolving aspirations of the market and the customers. The company is pioneering India's Electric Vehicle (EV) transition and driving the shift towards sustainable mobility solutions by preparing a tailor-made product strategy, leveraging the synergy between the Group companies and playing an active role liasoning with the Government in developing the policy framework.

With operations in India, the UK, South Korea, Thailand, South Africa and Indonesia, Tata Motors’ vehicles are marketed in Africa, Middle East, South & South East Asia, Australia, South America, Russia and other CIS countries. As of March 31, 2022, Tata Motors’ operations include 86 consolidated subsidiaries, two joint operations, four joint ventures and 10 equity-accounted associates, including their subsidiaries, in respect of which we exercise significant influence.

Photo Caption: Girish Wagh, Executive Director, Tata Motors and Pravin Raghavendra, Deputy MD (Retail - Agri, SME & FI), SBI along with delegates from Tata Motors and SBI at the MoU signing.

Columbia Pacific Communities And Embassy Group Launch Their First Senior Living Community In Bengaluru


* The signature project, Serene Amara by Columbia Pacific, is jointly developed by Columbia Pacific Group and Embassy Group.

Columbia Pacific Communities (CPC), a part of Seattle-based Columbia Pacific Group, and Embassy Group, India’s leading real estate developer, launch Serene Amara by Columbia Pacific at Embassy Springs. A joint development, the project will be managed by Columbia Pacific Communities and built by Embassy Group. Columbia Pacific Group has leveraged their 40 years of experience and expertise in senior housing design, development, and management in collaboration with Embassy Group’s strengths in providing world-class infrastructure and comfort to create their 11th senior living community in India.

Developed at Embassy Springs, an integrated township spread across 288 acres and one of Bengaluru’s biggest and best planned city,  Serene Amara by Columbia Pacific will comprise 239 exclusive residences on 17 floors with best-in-class features and amenities to promote comfortable and healthy living for seniors. The combined investment for the project is Rs. 165 crore for 2.44 acres of senior living community space.

Designed by world renowned architects, Venkataramanan Associates, the project will launch this year, offering seniors in Bangalore a community where they can lead healthier, happier, more secure, and better connected lives. A strong emphasis has been placed on high standards of quality, bespoke services, ample open spaces and greenery, and safety. Available in 1, 2, and 3-BHK configurations, the units are priced between Rs 60 lakhs and Rs 1.48 crore, exclusive of statutory charges.

With a new-age club with entertainment, recreational, and fitness facilities, along with amenities such as a senior-friendly gymnasium, indoor games room, and spa, the project ensures that seniors will live their best lives in their forever homes. Yoga and meditation decks, a reading lounge, a restaurant, a business centre, walking paths in the outdoor landscape, and outdoor dining at the podium enhance the experience. In addition to these senior-friendly amenities, the community is fully-serviced with food, housekeeping, and 24-hour assistance and medical care.

Commenting on the launch, Mohit Nirula, CEO, Columbia Pacific Communities, says, “We are elated to launch our 11th senior living community in India and our Group’s first joint venture project with Embassy Group, Serene Amara by Columbia Pacific. With Embassy Group, we are confident that this community will not only provide a healthy and comfortable space for senior residents but will also help them lead a blissful life. With the two experts coming together, our aim is to develop world-class senior living communities in India with fully serviced residences designed to international standards. At CPC, we create communities that promote positive ageing amongst seniors through community living, a focus on physical, mental, emotional, and intellectual wellbeing, and social engagement. Community living offers an enhanced lifestyle, security, safety, and medical care for seniors, as well as peace of mind for their families.”

Aditya Virwani COO – Embassy Group, adds, “We are proud to team up with Columbia Pacific Communities for our first project in the senior living sector, a new asset class for Embassy Group. Combining our expertise, strength, and abilities to meet the requirements of this growing but vital segment, Serene Amara by Columbia Pacific will appeal to seniors with an appreciation for a healthier lifestyle and thriving community in the privacy of their own home. We wanted a specialist partner who would provide an enriching experience for our seniors; in CPC, we found the ideal collaborator. Embassy Group’s brand promise has been to deliver high-quality, future-first, and enhanced living spaces to all age groups, from co-living for millennials to branded and luxury homes, and now we foray into senior living. With the launch of Serene Amara by Columbia Pacific, we have taken our first step towards building communities that will stand apart, making the golden years for our seniors dignified, joyful, and fulfilling.”

Veteran actress Ratna Pathak Shah, who honoured the project’s launch event with her timeless grace, said, “I congratulate Columbia Pacific Communities and Embassy Group for building a community for senior residents where they can look forward to living and interacting with like-minded peers and enjoy an active and peaceful life. The idea of positive ageing should not be limited solely to health and well-being, but should also encourage the enthusiastic participation of senior citizens in society so they feel cared, valued, and listened to. I am glad that these two distinguished brands are taking steps in the right direction to create an environment that encourages people of my age to remain physically fit, mentally alert, and emotionally stimulated.”

The community will offer a packed calendar of resident engagement events, including book readings, yoga and mindfulness sessions, drumming sessions, pottery and storytelling workshops, and more. These activities, designed around the six pillars of positive aging, help residents stay healthier for longer.

Columbia Pacific Communities is India’s largest and most experienced senior living community operators with over 1750 residential units under management in 5 cities and 10 locations across south India. As the pioneers in this category, it is committed to reimagining the concept of senior living in India and create world-class practices that exceed these expectations of its stakeholders. It is part of the Seattle-based Columbia Pacific Group, one of the foremost developers of senior living communities in the United States and China. Founded by entrepreneur and senior living pioneer Dan Baty, Columbia Pacific has more than 40 years of experience and expertise in designing, building and managing senior housing communities around the world. The team, with the expertise of its principals in the United States of America and its partners in India, brings together rich experience in senior housing design, development and management.

For more information  visit: www.columbiacommunities.in

About Embassy Group

Founded in 1993, Embassy Group is one of India's largest real estate conglomerates with a broad portfolio of over 62 million sq. ft. of prime commercial, residential, retail, hospitality, services, and educational spaces across Bangalore, Chennai, Pune, Mumbai, Noida and Trivandrum in Indian Markets, and Serbia and Malaysia in the international markets. Across all asset classes, Embassy lays strong emphasis on high standards of quality, delivery, world-class services, environmental management, and safety. Embassy was a sponsor of India's first REIT, the largest office REIT in the Asia Pacific. As an extension of its vision to create world class urban infrastructure, the company has also contributed in the field of education. The Group's Community Outreach program empowers over 19,000 children across 150+ government and rural schools to create a positive social impact in India.

Photo Cation - From Left to Right - Aditya Virwani COO,Embassy Group,Veteran actress Ratna Pathak Shah & Mohit Nirula, CEO, Columbia Pacific Communities.

Ambuja Cements And ACC Bag Four Awards At The ICAI Award For Excellence In Financial Reporting And Sustainability Reporting


·         Ambuja Cement was awarded for Excellence in Financial Reporting and Sustainability Reporting Awards for 2021-22 in category VII(A) and 3 respectively of the ICAI Awards.

·         ACC Limited received the Plaque Award in the Category 1A – Integrated Reporting

·         The CSR arm of Ambuja Cements received the ICAI Award for Excellence in Financial Reporting for FY21-22 in the Non-Profit sector.

ACC, Ambuja Cements and its CSR arm, the cement and building material companies of Adani Cement and part of Adani Group, have been recently felicitated by the Institute of Chartered Accountants of India for Excellence in Financial Reporting and Sustainability Reporting for 2021-22. The awards recognize companies that demonstrate a strong commitment to transparency and responsible management practices.

1.      The Annual Report and Financial Statement of Ambuja Cements for 2021 has been adjudged as the Plaque winner in Category VII (A) – Manufacturing and Trading Sector (turnover equal to 3000 cr or more) of ICAI Awards for Excellence in Financial Reporting for the year 2021-22

2.       Ambuja Cement’s Annual Report also won the Silver Award in the Category 3 – Reporting on Sustainable Development Goals.

3.      ACC Limited received the Plaque Award in the Category 1A – Integrated Reporting - Manufacturing Sector of “ICAI Sustainability Reporting Awards 2021-22”.

4.      The CSR arm of Ambuja Cements also received the ICAI Award for Excellence in Financial Reporting for FY21-22 in the Non-Profit sector.

Ambuja Cement’s Annual Report has also been honoured globally with the ‘Certificate of Merit’ for the year 2021 in the category ‘Manufacturing Sector’ by the South Asian Federation of Accountants (SAFA) in the competition for Best Presented Annual Report Awards.

Mr. Ajay Kapur, CEO, Cement Business, said, "It is an honour for us to receive the ICAI Awards for Excellence in Financial Reporting and Sustainability Reporting for FY 2021-22. I believe robust financial reporting is a hallmark of transparency and good governance and we are thankful to ICAI for recognizing our efforts.”

Adani Cement is aligned to the Group’s commitment to increase its ESG footprint by realigning its businesses with emphasis on climate protection, circular economy, creating low carbon products, focus on clean energy and increasing community outreach through its CSR program based on the principles of sustainability, diversity, and shared values. The Company has taken several steps to prioritize ESG initiatives, including setting ambitious sustainability goals, implementing a robust governance structure, and regularly reporting on its progress.

The Institute of Chartered Accountants of India (ICAI) has been organising the ICAI Awards for Excellence in Financial Reporting to promote and reward entities that comply with the accounting standards and other statutory disclosure obligations.

Godrej & Boyce Partners With Renmakch To Develop A 'Make-In-India’ Value Chain For Indian Railways


~Leverages global technology from Europe and Japan to promote indigenous development

Godrej & Boyce, the flagship company of the Godrej Group, announced that its business Godrej Tooling has partnered with Renmakch, to collaborate on Machinery & Plant (M&P) projects for Railways and Metro Rail, offering world-class equipment that is ‘Made in India’. With this alliance, Godrej & Boyce will now be able to offer a complete value chain ranging from design to build for the Railways and also bid on larger projects. The Company has been a trusted partner of the Indian Railways for over 15 years.

Godrej Tooling has signed a Memorandum of Understanding (MoU) with Renmakch for developing workshop equipment. The collaboration will introduce the latest technology for the Rail industry from Europe and other developed countries and indigenize it for India.

With the Indian Railways announcing their plans to invest in new generation trains such as Vande Bharat and subsequently new workshops and depots, Godrej & Boyce aims to harness this opportunity by offering a turnkey solution to the Indian Railways. This will not just fuel India’s self-reliance but also improve the speed, quality, and safety of railway and metro coaches during maintenance. The Company expects to acquire a 20-30% market share in this sector over the next 5 years.

Speaking on the occasion, Pankaj Abhyankar, Senior Vice President & Business Head, Godrej Tooling, said, "With India’s commitment to introduce new generation trains such as Vande Bharat, we are happy to partner with Renmakch to contribute in the strengthening of the railway network across the nation.  By utilizing our collective strengths and together introducing global technology from Europe and Japan, we aim to promote the indigenization of products and offer turnkey solutions for major M&P investments in modern technologies. This collaboration will contribute to improving the speed, quality, and safety of railway and metro coaches during maintenance. We look forward to a long and fruitful association with Renmakch on many important public projects for the Indian Railways and Metro Rail."

Godrej Tooling and Renmakch will have a ten-year-strong partnership. The association will contribute to the 'Make in India' and 'Atmanirbhar Bharat' initiatives by developing depot equipment, which is an import substitute. Godrej Tooling supplies jigs & fixtures, automation solutions, and workshop equipment for Railway workshops & Metro depots.

Rs 4,000 Crore (US$ 525 Million) Worth Capital Infusion Into Tata Power Renewable Energy Limited Gets Completed


- Investment to fund the growth of India’s most comprehensive renewable energy platform set up by the Company in 2022

Tata Power Renewable Energy Limited (TPREL), one of India’s largest integrated renewable energy companies and a subsidiary of The Tata Power Company Limited (Tata Power), has received the second and final round of investment of ? 2,000 crore from GreenForest New Energies Bidco Limited (GreenForest) and has successfully allotted 20,00,00,000 Compulsorily Convertible Preference Shares (CCPS) at face value of ? 100 each at par aggregating to ? 2,000 crore on a preferential basis to GreenForest.

Subsequent to this second tranche, TPREL has now received ? 4,000 crore of investment pursuant to the binding agreement signed on 14th April 2022 between Tata Power, TPREL and BlackRock Real Assets-led consortium, including Mubadala Investment Company (Mubadala) within the targeted timelines. GreenForest holds 6.06% equity in TPREL and on conversion of the above CCPS, will hold 9.76% to 11.43% equity stake in TPREL, subject to the equity valuation on final conversion.

The equity infusion will fund India most comprehensive, renewal energy platform, consisting of five distinct businesses delivering long-term, customer-oriented solutions. TPREL houses all renewable energy businesses of Tata Power including those in: Utility Scale Solar, Wind & Hybrid Generation assets; Solar Cell & Module Manufacturing; Engineering, Procurement and Construction (EPC) contracting; Rooftop Solar infrastructure; Solar Pumps and Electric Vehicle Charging infrastructure.

The completion of this equity infusion will fund TPREL's aggressive growth plans. Over the next five years, it aims to achieve a portfolio of over 20 GW of renewables assets and a market leading position.

"Tata Power Renewables with its broad and deep portfolio of next-generation renewables businesses is well poised to further solidify its position as an industry leader. The completion of ? 4,000 crore (~US$ 525 million) worth capital infusion into our renewables business will fuel the next level of growth and help us play a pivotal role in India’s efforts to secure greater energy stability through low carbon solutions for a sustainable future.” said Dr Praveer Sinha, CEO and MD, Tata Power.

India is one of the world’s largest renewable energy markets and has recorded the fastest growing renewable energy supply with over 60% new capacity added over the past four years. Its installed renewables capacity is expected to grow from 175 GW currently to 500 GW by 2030, to satisfy India’s local energy demand driven by GDP growth and contribute to the government’s decarbonization ambition, as well as support the macro energy transition trends in the country.  

Tata Power is at the forefront of India’s ambition to secure greater energy stability for its citizens while positioning its economy for a low carbon future.

Toyota Kirloskar Motor Continues Sales Momentum, Records Wholesales of 15,338 units In February 2023


~ Registers a growth of 175% over the corresponding month last year ~

Toyota Kirloskar Motor (TKM) continues to post sales growth as the company today announced that its wholesales stood at 15,338 units for the month of February 2023. The significant gain stood 175% higher over the month of February of last year, where the company had sold 8745 units.

Month of February’ 2023 also saw a 120% growth over the sale achieved in January 2023 where TKM sold 12,835 units. In addition, the company also posted a strong growth of 175% for the months of January-February 2023 as against the corresponding period last year. TKM sold 28,173 units in January-February 2023 as compared to 16,073 units in the January-February 2022.

Speaking on this strong performance Mr. Atul Sood, Vice President, Sales and Strategic Marketing said, “We are witnessing a continued interest from customers across our product portfolio, resulting in a very healthy growth in the month of February 2023. Leading this growth, are the Urban Cruiser Hyryder and All New Innova Hycross, as we strive to work with our partners to meet the demand. The recent announcement of opening of bookings for the Toyota Hilux, is also continuing to generate excitement, resulting in good orders from across the country. We are confident that the Hilux will entice the customer to Live a Fuller Life, with its varied lifestyle utility offerings, be it personal or business. Other products like the Glanza, the Fortuner and the Legender also continue to thrill the market. 

Furthermore, we are focusing on enhancing our reach in the country to move closer to our customers through the introduction of two new dealerships in the month of February at Surat (Gujarat) and Bhiwandi (Maharashtra). We are confident that they will provide easy access to Toyota products and services, to both existing and prospective customers in the regions.

Looking ahead, we expect to close this quarter on a high note, in comparison to last year. As a customer centric company in constant pursuit to redefine customer experience, we are continually working to meet the market demand effectively.”

Tata Power Renewable Energy And ISS India Join To Promote Clean And Sustainable Energy Solutions


* The MoU aims to create a sustainable lifestyle from design to operations of real estate asset classes

* The partnership will offer Rooftop and Open Access Solutions including EV Charging Points for ISS's India clientele

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power and  one of the most significant renewable energy players in the country, has signed a Memorandum of Understanding (MoU) with ISS Global, a leading workplace experience and facility management company, committing to a common goal of promoting clean and sustainable energy solutions. This collaboration aims to power all the campuses of ISS India with green energy and implement TPREL's green solutions and products to make the sustainable lifestyle accessible to all.

The MoU was signed by Mr. Ashish Khanna, CEO, Tata Power Renewable Energy Limited and Jacob Aarup-Andersen, Group CEO of ISS A/S, and Aksh Rohatgi, CEO & Country Manager of ISS India. The agreement was presented at a joint business conference, which took place in New Delhi as part of the Danish Royal visit to India.

This strategic collaboration aims at encouraging a cleaner and greener future for India with Tata Power Renewable Energy Limited supplying reliable and cost-effective power through open access and rooftop solutions. It will cover a wide range of facilities, including commercial and industrial properties, data centers, and various real estate asset classes, and support ISS India in converting all its clients’ portfolios to green energy within a stipulated time period.

Mr. Ashish Khanna, CEO, Tata Power Renewable Energy Limited, said, "Mr. Ashish Khanna, CEO, Tata Power Renewable Energy Limited, said, "We, at Tata Power Renewables, are unwavering in our commitment to offering clean energy products and solutions to promote sustainable lifestyle. Through this partnership with ISS India, we look forward to accomplishing our mutual goal of a sustainable future in the expanding facilities management industry. This will also support Tata Power's goal of achieving net zero emissions by 2045."

Additionally, the collaboration will also promote sustainable lifestyles through IoT-based home automation products, allowing the control and operation of electrical devices from anywhere through a mobile app or voice control. The partnership will also provide innovative solar rooftop solutions to maximise savings on energy bills and enable seamless electric mobility through installation and annual maintenance of EV charging points, accessible through a mobile app.

As part of its ESG roadmap, Tata Power is working towards becoming carbon net zero by 2045. The company also aspires to achieve a clean energy portfolio of 80% by 2030 and 100% before 2045 and is committed to becoming 100% water neutral and zero waste to landfill before 2030.

Talking about the partnership, Jacob Aarup-Andersen, Group CEO of ISS A/S said, "At ISS, we recognise the full scope of the ongoing climate and environmental crisis. And we are strongly committed to carrying out our operations and delivering our services in a sustainable way. As one of ISS Group's key markets and an important player in the APAC region, India holds significant potential for addressing the challenge of climate change and advancing sustainable solutions. We are confident that our collaboration with Tata Power will have a meaningful impact and help India achieve its sustainability goals. At the same time it will contribute significantly to ISS’s commitment of reaching full-scope net zero emissions by 2040, including our full supply chain."

Aksh Rohatgi, CEO and Country Manager of ISS India, said, "At ISS India, we are unwavering in our commitment to addressing climate change and driving sustainability. As we work towards a net-zero future, it is essential that we partner with organizations that share our vision and bring complementary strengths to the table. Our collaboration with Tata Power Renewable is a critical part of our sustainability strategy, allowing us to guide our clients towards a more sustainable future and provide them with access to smart, eco-friendly solutions. With Tata Power Renewable's expertise in the energy sector and ISS's experience in providing smart solutions and services in the facility management sector, we are confident that this partnership will not only leverage our collective expertise, resources, and networks to accelerate progress towards a more sustainable future but also it embodies our mission of connecting people and places to make the world a better place."

A crucial part of ISS’s sustainability strategy towards net zero greenhouse gas emissions within scope 1 and 2 by 2030 and full-scope net zero emissions by 2040. ISS's association with Tata Power Renewable demonstrates its dedication to be recognised among the best environmental leaders and a catalyst of real change in its industry.

ISS Facility Services India is a subsidiary of the global facility management services and workplace experiences leader ISS A/S (ISS Group).

About ISS A/S (ISS Group)

ISS is a leading workplace experience and facility management company. In partnership with customers, ISS drives the engagement and well-being of people, minimises the impact on the environment, and protects and maintains property. ISS brings all of this to life through a unique combination of data, insight and service excellence at offices, factories, airports, hospitals and other locations across the globe. ISS has more than 350,000 employees around the globe, who we call ‘Placemakers’. In 2022, ISS Group’s global revenue amounted to DKK 76.5 billion For more information on the ISS Group, visit www.issworld.com

About ISS Facility Services (India)

ISS Facility Services India, headquartered in Mumbai, is a subsidiary of the Denmark-based global facility management services and workplace experiences leader ISS A/S (ISS Group). The company started its operations in India in 2005 and today has over 43,400 employees managing more than 180 Mn. Sq. Ft. of area for over 1,000 clients across the country.

ISS’s unique Integrated Facility Services (IFS) model, high standards of compliance and self-delivery, have helped create a huge differentiation in the marketplace. ISS also implements industry-leading IFS solutions to deliver savings, compliance, experiences, strategy innovation, impact, value, and enhanced brand reputation for its customers. Its industry capabilities and customer communities in India focus primarily on three broad areas, including Financial Services, Technology & Professional Services, and Industry & Manufacturing, which also includes Heavy Engineering, Healthcare, Pharma, and FMCG.

About Tata Power Renewable Limited:

Tata Power Renewable Energy Limited (“TPREL”) is a subsidiary of The Tata Power Company Limited and is one of the most significant renewable energy players in the country. TPREL is a developer of renewable energy projects (including solar, wind, hybrid, round-the-clock (RTC), peak, floating solar, storage systems including battery storage) which it owns, operates and maintains. It also offers comprehensive green energy solutions for rural and urban areas like turnkey, EPC and O&M solutions for various business segments like utility scale projects, solar rooftop, and solar pump systems. Along with its extensive portfolio of renewable solutions, it has a state-of-the-art solar cell and module manufacturing plant of 1.2GW at Bengaluru and plans to set up a Greenfield 4 GW solar cell and 4 GW solar module plant. In addition, TPREL also provides electric vehicle (EV) charging solutions across various segments and other advisory solutions across the renewable sector. 

As on date, TPREL’s total renewable utility capacity is 6,048 MW including 2,139 MW projects under various stages of implementation and its operational capacity is 3,909 MW, which includes 2,981 MW solar and 928 MW wind. Presently, the company's solar EPC portfolio is more than 10 GWp of ground-mount utility-scale, over 1.3 GW of rooftop and distributed ground mounted systems and over 95,000 solar water pumps. TPREL aims to provide energy access to millions of people across the country via its integrated green energy solutions. www.tatapowersolar.com

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