Home / Business and Economy / Tata Power's Rs 6,675 Cr Solar Unit Boosts India's Green Push
Tata Power's Rs 6,675 Cr Solar Unit Boosts India's Green Push
7 Jan
Summary
- Tata Power will invest Rs 6,675 crore in a 10 GW solar manufacturing facility.
- The new plant in Nellore, Andhra Pradesh, will create 1,000 direct jobs.
- The project includes a 200 MW captive green power plant, attracting more investment.
Tata Power Renewable Energy has announced a substantial investment of Rs 6,675 crore to establish a large-scale 10 GW ingot and wafer manufacturing facility. This major industrial project will be located in Nellore, Andhra Pradesh, a region targeted for significant economic development.
The Andhra Pradesh state government has officially approved the project, which is projected to create approximately 1,000 direct jobs upon completion. This initiative aligns with India's broader strategy to enhance domestic manufacturing capacity and reduce reliance on imported components.
Furthermore, the facility will incorporate a 200 MW captive green power plant, ensuring that its operations are powered by renewable energy. This development is anticipated to attract additional investments into Andhra Pradesh, fostering a robust ecosystem for renewable energy manufacturing.
