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Tata Power shares traded higher ahead of quarterly earnings on Friday.
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Tata Power Solar Systems, a subsidiary of Tata Power Renewable Energy, has launched off-grid solar solutions in West Bengal, Bihar, and Jharkhand.
The solution will provide an integrated energy system to consumers for their energy backup needs.
The off-grid solution offers a combination of “high efficiency” solar modules, inverters, and batteries, and is available in 11 variants ranging from 1-10 kW with a five-year warranty.
These off-grid solar solutions are charged during the day and provide consumers with sustainable access to electricity.
The company believes that these solutions will accelerate the country’s transition to renewable energy and ensure clean energy backup in the event of grid failure.
Tata Power Solar Systems has improved its customized and strategic renewable projects, with a total balance of 9.8GWp.
On September 15, the unit received a Letter of Award (LoA) for the establishment of a 100-mile land-based solar energy project. Rs 612 million to SJVN Ltd (SJVN) in Gujarat.
The company has commissioned many large-scale projects to install solar energy in the country. Its total order book stood at Rs 15,520 million in September this year.
Tata Power will report its September quarter results on Friday. The company’s revenue is likely to increase by almost 30 percent from last year while the net profit may grow to a similar quantum.
Other factors to look at in a company’s earnings include:
Shares of Tata Power were trading 1.5 percent higher at Rs 224.05 at 2 pm.
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