The new business will focus on supplying key inputs for downstream cell and module manufacturing, supporting backward integration and aligning with India’s push for domestic self-reliance in solar manufacturing.
The company plans to invest up to ₹6,500 crore to develop an ingot-wafer manufacturing capacity of up to 10 GW in two phases of 5 GW each.
The company said that the project is expected to provide strategic benefits including supply security for downstream operations, improved margins through vertical integration, and an early mover advantage in a capacity-constrained domestic market.
The company also expects strong financial returns with a projected payback period of around five years, while benefiting from policy incentives and demand protection mechanisms.
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In a seperate development, Tata Power said its wholly owned subsidiary Tata Power Trading Company Limited (TPTCL), in collaboration with Keppel Limited’s infrastructure division, has partnered with Infopark Properties Limited, a unit of Tata Realty and Infrastructure Limited, to deploy a large-scale Cooling-as-a-Service (CaaS) solution at Intellion Park in Chennai.
The 25.27-acre Intellion Park, located in Taramani’s IT corridor and comprising both SEZ and non-SEZ spaces, will have a total installed capacity of 12,100 tonnes of refrigeration (TR).
The project, under a 15-year contract, is scheduled to go live in October 2026 and is expected to reduce overall energy consumption by around 20% through high-efficiency systems, intelligent controls, and optimised lifecycle operations.
Shares of Tata Power ended lower on April 30, closing at ₹445.50, down ₹6.00 or 1.33% on NSE.
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