2.10 PM: Ceat ties up with Tata Power to set up captive solar plant for Mumbai facility

TATAPOWER

Ceat ties up with Tata Power to set up captive solar plant for Mumbai facility:

Tyre maker Ceat on Tuesday said it has tied up with Tata Power to establish a 10MW captive solar plant at the latter’s Solapur site for powering its tyre manufacturing facility in Bhandup (Mumbai).

Tata Power has created a special purpose vehicle (SPV) — TP Akkalkot Renewable Ltd — which will be responsible for undertaking the construction, operation and maintenance of this captive solar power plant, Ceat said in a release.

News Source:- Livemint

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