Tata Power Solar Drives ₹3,500 Crore Customer Funding Milestone

Tata Power Solar Systems Limited (TPSSL) has experienced a 0.20 percent surge in its stock value, attributed to its remarkable achievement of facilitating over ₹3,500 crore in customer financing for solar projects within the last 4.5 years. In collaboration with over 20 financial institutions, TPSSL has emerged as a pivotal player in advancing solar adoption by delivering customized financing solutions to a diverse range of customers, including residential, commercial, and industrial sectors.

The company's innovative financial models, strategically crafted to minimize initial investments while ensuring sustained returns, have been instrumental in securing funding for more than 2,200 commercial and industrial projects, totaling approximately ₹3,400 crore. Significantly, states such as Maharashtra, Gujarat, Punjab, Karnataka, and Rajasthan have embraced these pioneering financing solutions, underscoring Tata Power Solar's substantial success in the solar project financing arena.

News by Rahul Yelligetti