Tata BP Solar looks to expand overseas market presence
Unfazed by plans of its partner BP to exit the solar business gradually, Tata BP Solar is looking to bolster its overall profitability through various strategies, including expansion of overseas market presence.
The entity, a leading solar power solutions provider, is a joint venture between Tata Power Company and British major BP Solar. “Going forward, the company is looking to grow with profitability, with the right dose of manufacturing and increased focus on market research,” Tata BP Solar CEO K Subramanya told PTI.
As per its website, Tata BP Solar’s sales stood at Rs 906 crore in 2010-11. Without divulging specific details, he said the company is “also looking at increasing its overseas market presence”.
Solar businesses are grappling with tough times, especially in the wake of global economic slowdown resulting in lesser demand. Presently, the company has representatives in various countries including Pakistan, Nepal, Bhutan, Bangladesh, Afghanistan and Sri Lanka.
BP has decided to exit solar business in next 40 years. Against this backdrop, Tata BP Solar earlier this week said it is not impacted by the decision. Tata BP Solar has a 125 MW solar module manufacturing capacity.
According to Subramanya, the aim is to first completely utilise the manufacturing capacity of 125 MW. At present, around 80 MW capacity is being utilised. “The company is implementing solar projects in different states, including Gujarat, Rajasthan and Jharkhand,” he said.
Tata BP Solar is into solar cells manufacturing, module assembly and balance of systems, among others.