TPREL to invest ₹6,500 Cr in 10 GW PV Ingot & Wafer manufacturing

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power Company Ltd, has approved the adoption of a new line of business: Photovoltaic (PV) Ingot and Wafer manufacturing. This strategic move involves an estimated investment of approximately ₹6,500 crore to establish up to 10 GW of ingot-wafer manufacturing capacity in two phases. The initiative aims for backward integration, reducing dependence on imports, and aligning with India's policy push for domestic solar manufacturing self-reliance. Expected benefits include early mover advantage, enhanced supply security for downstream operations, improved margins through vertical integration, and strong financial returns with a projected payback period of about five years.