New Launch17 Jan 2026, 03:21 pm
CESC Subsidiary Signs MoU with IPICOL for 3 GW Solar Project in Odisha
AI Summary
CESC Green Power Limited, a subsidiary of CESC Ltd, has entered into a Memorandum of Understanding (MoU) with the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL), Government of Odisha. The MoU is for the establishment of a 3 GW Solar Cell, 3 GW Solar Module Manufacturing, Advanced Chemistry Cell Pack of 5 GWh, and Advanced Solar Components along with a 60 MW AC Captive Power Plant Unit at Chhatia - Ambakhala under Gondia Tahasil in Dhenkanal district of Odisha. The project is expected to cost around Rs 4,500 crores.
Key Highlights
- CESC Green Power Limited, a subsidiary of CESC Ltd, has signed an MoU with IPICOL for a 3 GW Solar Project in Odisha.
- The project includes a 3 GW Solar Cell, 3 GW Solar Module Manufacturing, Advanced Chemistry Cell Pack of 5 GWh, and Advanced Solar Components along with a 60 MW AC Captive Power Plant Unit.
- The project is expected to be set up at Chhatia - Ambakhala under Gondia Tahasil in Dhenkanal district of Odisha.
- The estimated investment for the project is around Rs 4,500 crores.
- The announcement was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.