Tata, NTPC: 2 High Dividend Paying Power Biggies Join Hands To Supply 152 MWp DCR Solar PV Modules

Two powerhouses, Tata Power and NTPC have partnered to supply 152 MWp DCR Solar PV Modules for NTPC Limited (NTPC's) Nokh Solar PV Project in Rajasthan. The project holds a significant order value of approximately Rs 418 crore.

Tata Power signed a contract with NTPC through Tata Power Solar Systems (TPSSL), a wholly-owned subsidiary of Tata Power Renewable Energy.

Under the partnership, NTPC is developing 3*245 MW (735 MW) Nokh Solar Park at Pokaran, Jaisalmer, Rajasthan. The the entire project will utilise DCR category Bi-Facial Mono-PERC modules.

Notably, the solar panels, including the solar cells and modules, of these DCR Solar PV modules, are being manufactured in India in adherence to the Domestic Content Requirement policy.

Meanwhile, Tata Power-backed arm's Solar Cell and Module Manufacturing plant in Bengaluru will supply 152 MWp DCR Solar
PV Modules for this project.

Tata Power said, "This contract highlights TPSSL's commitment to promoting the growth of renewable energy, thereby furthering the nation's sustainable energy objectives.

Currently, TPSSL's Solar EPC portfolio is more than 12.5 GWp of ground-mount utility-scale, over 2 GW of rooftop and distributed ground-mounted systems, and over one lakh solar water pumps. Meanwhile, NTPC is India's leading integrated power producer and the biggest central Public Sector Undertaking under the Ministry of Power, Government of India.

TPREL is a subsidiary of Tata Power, one of India's largest integrated power companies.

On BSE, Tata Power's share price ended at Rs 333.20 apiece, down by 0.63% with an m-cap of Rs 1,06,468.71 crore. On the other hand, NTPC touched a new 52-week high of Rs 306.95 apiece before settling at Rs 305.15 apiece up by 3.3% and with a market cap of Rs 2,95,893.77 crore.

Year-to-date, Tata Power's share price has gained by over 57%, and NTPC has outperformed with nearly 82% upside.

Both power companies are among major dividend-paying stocks. In 2023 so far, Tata Power paid 200% dividends amounting to Rs 2 per share to its shareholders, while NTPC has paid a total dividend of Rs 9.50 per share or 95% to its shareholders.