Tata Power To Invest Rs 3,000 Crore For Solar Cell Manufacturing Units In Tamil Nadu
Tata Power Co. has signed a pact with the Tamil Nadu government to set up greenfield solar cells and panels manufacturing plants in Tirunelveli for Rs 3,000 crore.
The plants with 4-gigawatt capacity each will be build in 16 months, according to a company statement. This will boost the company's capacity to 4,635 megawatt of modules and 4,500 MW of cells.
Currently, the company has a manufacturing unit in Bengaluru that produces around 635 MW of modules and 500 MW of cells.
The investment will generate employment for 2,000 people and help the state in its transition to clean energy, the statement said.
Also, Tata Power has shown its interest in participating in the Rs 19,500-crore solar production-linked incentive scheme. The tenders will be floated soon. This is expected to boost investments in Indian power equipment manufacturing to reduce dependence on China.
In April 2022, a consortium led by BlackRock and UAE sovereign wealth fund, Mubadala Investment Co. agreed buy a 10.53% stake in Tata Power Renewables for Rs 4,000 crore. The clean energy platform of the company has a generation capacity of 4.9 GW and plans to grow its portfolio to 20 GW by 2030.
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
