Tata Power SED bags Rs. 1200 crore contract from the Ministry of Defence.
Myequity news | Date: 11-05-2020 12:30:00 IST
Tata Power Strategic Engineering Division (Tata Power SED), a division of The Tata Power Company Limited (Tata Power), today announced the signing of an important contract with Ministry of Defence, Government of India, for modernisation of infrastructure of 37 Airfields of Indian Airforce, Indian Navy and Indian Coast Guard. The contract needs to be executed over a period of next 4 years.
The contract, with an estimated value of about ₹ 1,200 crore, involves supply, installation and commissioning of modern airfield equipment like Cat II Instrument Landing System and Cat II Airfield Lightning System along with other Navigational Aids and Air Traffic Management system besides creating the required civil and electrical Infrastructure.
In March 2011, Tata Power SED had obtained from Ministry of Defence a contract for about ₹ 1,220 crore for modernisation of 30 Airfields and successfully executed the same. The above contract is continuation of the previous order with additional 37 Airfields undergoing modernisation which would provide excellent control of airfield systems to air traffic controllers enhancing aerospace safety and operational capability by facilitating operations in poor visibility and adverse weather conditions.
Tata Power is in the process of selling its defence business (Tata Power SED) to Tata Advanced Systems Limited (TASL) through a Scheme of Arrangement. The transfer of the business to TASL is already approved by NCLT and is expected to be completed once regulatory and other routine approvals are received.
About Tata Power:
Tata Power is India’s largest integrated power company and, together with its subsidiaries & jointly controlled entities, has an installed capacity of 10,763 MW. A pioneer in the field, it has a presence across the entire power value chain - generation of renewable as well as conventional power including hydro and thermal energy, transmission & distribution, trading and coal & freight logistics. With renewable energy assets in solar and wind accounting for 30% of the company's portfolio, Tata Power is a leader in clean energy generation. In line with the company's view on sustainable and clean energy development, Tata Power is steering the transformation of utilities to integrated solutions by looking at new business growth in EV charging & storage, distributed generation & rooftops, micro grids and home automation & smart meters. It has successful public-private partnerships in generation, transmission & distribution in India, namely ‘Tata Power Delhi Distribution Ltd.’ with Delhi Vidyut Board for distribution in North Delhi; 'Tata Power Ajmer Distribution Ltd.' with Ajmer Vidyut Vitran Nigam Ltd. for distribution in Ajmer; 'Powerlinks Transmission Ltd.' with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi; 'Maithon Power Ltd.' with Damodar Valley Corporation for a 1050 MW Mega Power Project at Jharkhand. Tata Power is serving more than 2.6 million distribution consumers in India and has developed the country’s first 4000 MW Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology.
With its 103 years track record of technology leadership, project execution excellence, world-class safety processes, customer care and driving green initiatives, Tata Power is poised for multi-fold growth and committed to 'lighting up lives' for generations to come. Visit us at: www.tatapower.com