Tata Power Solar Systems (TPSSL), a wholly owned subsidiary of Tata Power Renewable Energy (TPREL), will build a 100-megawatt ground-mounted solar plant in Gujarat for SJVN for Rs 612 crore.

SJVN is an Indian public sector company with interests in hydro, thermal, solar, wind, power transmission, and power trading. It is a collaboration between the Government of India and the State of Himachal Pradesh.

Bids for the project, which is located in Gujarat’s Raghanesda solar park plot C, were invited earlier this year. Tariff-based competitive bidding was used to award the LoA. The project will be commissioned within 11 months of receiving the LoA.

TPREL is a division of Tata Power Company. TPREL is a developer of renewable energy projects that it owns, runs, and maintains (including solar, wind, hybrid, round-the-clock (RTC), peak, floating solar, and storage systems including battery storage).

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SJVN is an Indian public sector enterprise with interests in hydro, thermal, solar, wind, power transmission, and power trading. It is a collaboration between the Government of India and the State of Himachal Pradesh.

SJVN’s net profit increased 78.07% to Rs 609.23 crore on a 51.57%