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Zetwerk secures solar PV module manufacturing order worth about Rs 2,500 crore from NTPC
Manufacturing - Sep 30,2024 -Zetwerk Manufacturing won an order for 1,515-megawatt peak (MWp) of solar photovoltaic (PV) modules from state-run NTPC, the company said.
The order value is in the range of Rs 2,000 crore to Rs 2,500 crore, a person in the know of the development said. This is the second order for Zetwerk from the public sector energy company.
The order is for the manufacturing and supply of 1,515 MWp of made in India solar PV modules, including mandatory spares, for the 1,200 MW Khavda Solar Project in Gujarat, Zetwerk said in the statement. It said the order size is about four times larger than the previous order from NTPC in 2023.
“This second order from NTPC is a testament to our commitment to delivering innovative, sustainable, and high-quality solar solutions,” said Srinath Ramakkrushnan, co-founder of Zetwerk. “We are proud to contribute to India's energy transition and promote domestic manufacturing.”
The company said it will service the order in 210 days. Zetwerk has been the partner for solar and renewable energy projects for companies such as JSW Energy, Teesta Solar Ltd and Continuum Energy.
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