Tata Power Company inches up as its arm commissions largest floating solar power project in Kerala
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Tata Power Company is currently trading at Rs. 208.10, up by 0.25 points or 0.12% from its previous closing of Rs. 207.85 on the BSE.
The scrip opened at Rs. 210.30 and has touched a high and low of Rs. 211.60 and Rs. 208.00 respectively. So far 167045 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 298.00 on 07-Apr-2022 and a 52 week low of Rs. 118.40 on 28-Jul-2021.
Last one week high and low of the scrip stood at Rs. 213.05 and Rs. 190.00 respectively. The current market cap of the company is Rs. 66415.13 crore.
The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 27.03% and 26.11% respectively.
Tata Power Company’s wholly-owned subsidiary -- Tata Power Solar Systems has commissioned India's largest floating solar power project in Kayamkulam, Kerala on a 350-acre water body, backwaters area, having an installed capacity of 101.6 Megawatt Peak. This installation was completed within the stipulated period, despite the arduous challenges of variable water depths, high sea tides, and severe water salinity concerns faced throughout the project's construction duration.
Tata Power Solar successfully built a scaffolding platform on the water body to make the entire solar plant float on water. This project is the first one in the Floating Solar Photovoltaic (FSPV) through Power Purchase Agreement category. This plant boasts a floating inverter platform having a 5 Megawatt (MW) capacity. The large-scale installation and commissioning of this 101.6 MWp capacity solar plant have been the fastest in the FSPV category, with ready a Commercial Operation Date (CoD) certification, which means the project has been nodded as complete and operational.
The entire project is anchored to the waterbed of Kerala backwater using 134 cast pile foundations that are bored to a depth of 20 meters underwater to support the Central Monitoring and Control Stations (CMCS) and the 33/220 kilovolts switchyard. All this was done by dredging soil strata underwater, wherein the high groundwater was also a deterrent.
Tata Power Company is India’s largest integrated power company.
