Tata Power Company's solar manufacturing subsidiary TP Solar Limited has reported impressive production achievements for the first nine months of FY26, demonstrating strong operational performance across its manufacturing facilities. The company has successfully produced 2.9 GW of solar modules and 2.8 GW of solar cells during this period, reflecting robust manufacturing capabilities backed by a significant investment of ₹4,300 crores.

Exceptional Q3 FY26 Performance

The third quarter of FY26 showcased particularly strong growth momentum for TP Solar Limited. The company's production metrics reveal significant year-over-year improvements across both key product categories, with cell manufacturing showing remarkable expansion.

Nine-Month Cumulative Production Breakdown

TP Solar Limited's cumulative production for the nine-month period ending demonstrates the company's sustained manufacturing excellence and diversified product portfolio across different module categories.

Manufacturing Infrastructure and Investment

TP Solar operates one of India's largest single-location state-of-the-art 4.3 GW solar cell and module manufacturing facility in Tirunelveli, Tamil Nadu. Tata Power, through its subsidiary TPREL, has invested ₹4,300 crores in establishing this facility, representing a significant milestone in advancing indigenization across the solar value chain.

Strategic Manufacturing Position

The facility is equipped with advanced TOPCon and Mono PERC technologies, producing ALMM-certified modules as well as DCR modules using Made in India cells. The facility is distinguished by a workforce comprising nearly 80% women, reflecting the company's strong commitment to inclusive workforce practices.

These production figures underscore TP Solar Limited's role in supporting India's renewable energy objectives and Tata Power's broader clean energy portfolio. The substantial investment and consistent high production volumes demonstrate the company's commitment to achieving self-sufficiency in solar cell and module manufacturing while supporting India's vision for a Net-Zero carbon future.

Tata Power Renewable Energy has received state government approval to establish India's largest ingot and wafer manufacturing facility in Andhra Pradesh. The State Investment Promotion Board, chaired by Chief Minister N Chandrababu Naidu, approved the ambitious ₹6,675 crore project, with cabinet approval expected this week.

Project Specifications and Approval

The greenfield manufacturing facility will be established at Nellore, Andhra Pradesh, representing a significant milestone in India's solar manufacturing capabilities. The state government has allocated strategic land parcels to support the project's development and future expansion.

Strategic Location and Infrastructure

The facility will be located at the Iffco Kisan Special Economic Zone in Nellore, with 120 acres designated for the manufacturing plant and 80 acres reserved for future expansion. Andhra Pradesh will provide additional land for a captive 200 MW green energy plant to power the facility, which proved to be a key factor in securing the investment.

Nellore is emerging as a solar manufacturing hub, with companies like Premier Energies, Websol, and Voltsun planning projects in the region. ReNew is also establishing a 6GW ingot and wafer plant in the state, creating a robust manufacturing ecosystem.

Government Support and Strategic Importance

The project received clearance from the State Investment Promotion Committee and represents the first manufacturing initiative under Tata Power Renewable's broader agreement with Andhra Pradesh. The company had signed an MoU to invest up to ₹49,000 crore in renewable energy projects across the state.

"Andhra Pradesh is proud to host yet another landmark investment from the Tata group," said state IT minister Nara Lokesh. "This project is a strong vote of confidence in our state's policy stability, infrastructure readiness, and commitment to clean energy manufacturing."

Stock Performance and Market Reaction

Despite the positive project announcement, Tata Power shares declined in trading, dropping 1.22% or ₹4.70 to ₹381.80 per share. The stock has experienced a broader decline over the past six months, falling 4.85% in value during this period.

Manufacturing Excellence and Market Position

The 10GW capacity facility will produce ingots and wafers, critical raw materials for semiconductor chips, solar cells, and modules. This substantial production capacity positions the company as a major player in India's solar manufacturing ecosystem and aligns with the Centre's policy to boost domestic solar equipment manufacturing while reducing reliance on imported components.

Tata Power Renewable Energy has already developed several large-scale renewable projects across India, including facilities in Gujarat, Karnataka, Rajasthan, and Madhya Pradesh, demonstrating its comprehensive expertise in the renewable energy sector.