Tata Power shares closed at ₹344.80, falling 1.95% after the company announced a floating solar pilot with Norway’s Ocean Sun.
The 300‑kWp pilot will be installed at the Mulshi reservoir in Maharashtra, where Ocean Sun’s hydro‑elastic membrane system will be tested against conventional pontoon‑based arrays. The collaboration aims to evaluate performance, reliability, cost competitiveness and scalability under Indian conditions, according to Tata’s filing.
India’s floating solar potential is estimated at more than 102 GWp, but the sector remains nascent. While NEEPCO shares rose 0.5% and NTPC fell 0.7% on the day, Tata Power’s dip suggests investors are sizing the partnership’s commercial upside against the technology’s unproven cost profile.
Tata Power has not issued new guidance for the upcoming quarter, but the pilot could unlock future revenue streams if the technology proves cost‑effective. Market analysts think a successful scale‑up could expand Tata Power’s portfolio beyond traditional hydro and thermal assets.
Praveer Sinha, CEO and Managing Director, said the partnership reflects the company’s commitment to ‘bringing advanced global technologies to India’ and that the pilot will generate ‘valuable operating insights.’