New Leadership at the helm of Tata BP Solar

4 Sept 2006

There's a fresh breeze blowing in Tata BP Solar, the largest Solar Company in India and it promises to usher in new energy and new dynamism in the Company. Mr K Subramanya, formerly the COO has taken over as the Chief Executive Officer of Tata BP Solar, effective 31st Aug.2006.

Mr Subramanya has been associated with the Company from its inception and has been a key contributor in its dramatic growth. As CEO, Mr Subramanya will be responsible for leading the company in its exciting growth phase and to expand operations.

Mr.Subramanya has been actively involved in developing the solar market in India and the subcontinent. Solar energy has tremendous relevance to India and the developing world to improve "Access to Energy" for the communities given the current and emerging energy scenario.

Mr D Guru has been elevated to the position of Chief Financial Officer and Company Secretary. Mr Guru was formerly Executive Vice President – Finance, HR and Company Secretary. Mr.Guru has played a key role in the emergence of Tata BP Solar as a high performance company.

Tata BP Solar is a Joint Venture between Tata Power Company, a pioneer in the power sector in India and BP Solar, one of the largest solar companies in the world. The company is focused on designing, engineering, manufacturing, supplying and installing Solar Photovoltaic and Solar Thermal systems that cater to both domestic and industrial needs.

Tata BP Solar clocked a Sales Turnover of Rs.434 crores in 2005-2006 with exports touching Rs.312 crores, largely to Europe, USA and Asia.

Tata BP Solar is managed by an eminent Board of Directors from Tata and BP Solar. Mr Syamal Gupta, Director, Tata Sons is the Chairman of the Company