Shares of Tata Power Company Limited were trading in the green and 2% higher on 18 December after its subsidiary signed a contract with NTPC.

In its regulatory filing, the company said, “Tata Power Solar Systems Limited (TPSSL), a wholly owned subsidiary of Tata Power Renewable Energy Limited (TPREL), has signed a contract to supply 152 MWp DCR Solar PV Modules for NTPC Nokh Solar PV Project in Rajasthan.”

The contract is for a total consideration of Rs 418 crore.

NTPC is developing a 735-megawatt Nokh Solar Park at Pokhran, Jaisalmer, using DCR category Bi-Facial Mono-PERC modules.

The solar panels include the solar cells and modules of these DCR Solar PV modules, which are manufactured in India in adherence to the Domestic Content Requirement policy.

The Tata Power Solar Systems Limited solar cell and module manufacturing plant in Bengaluru will supply 152-megawatt peak DCR Solar PV Modules for this project.

Earlier on 13 December, Tata Power Renewable Energy signed an agreement with Force Motors Ltd and Jaya Hind Industries Pvt Ltd, which are Dr Abhay Firodia Group of Companies, to develop a 13.2-megawatt captive solar plant.

On 11 December, Tata Power Group and Oil Corporation company, Tata Power EV Charging Solutions Limited, signed an agreement to roll out more than 500 fast and ultra-fast electric vehicle (EV) charging points across India.

At 3:30 pm, the shares of Tata Power closed 1.05% higher at Rs 336.70 on NSE.