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Tata Power Solar surpasses ₹3,500 cr in solar project financing

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Large Corporate 02 Feb 2024 08:26 PM IST The Hindu BusinessLine

Tata Power Solar Systems Limited’s shares increases 0.20% after the company reportedly facilitated over ₹3,500 crore in customer financing for solar projects over the past 4.5 years.

The company is collaborating with more than 20 financial institutions, TPSSL supports solar adoption by offering tailored financing solutions, covering residential, commercial, and industrial customers. 

The company’s financial models, designed for minimal upfront investment and long-term returns, have financed over 2,200 commercial and industrial projects valued at approximately ₹3,400 crore.

Maharashtra, Gujarat, Punjab, Karnataka, and Rajasthan lead in availing these financing solutions. The shares rises 0.20% to ₹388.95 at 1.33 pm on the BSE.