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.

Tata Power Renewable Energy Limited has reached a significant milestone by achieving 1 GWp rooftop solar installation capacity within the first nine months of FY26. This achievement spans both residential and Commercial & Industrial segments, demonstrating accelerated growth momentum and solidifying the company's position as India's leading rooftop solar solutions provider.

Outstanding Growth Performance

The company's performance metrics showcase exceptional growth across multiple parameters during the nine-month period of FY26:

The third quarter of FY26 marked a particularly strong performance period, with the company achieving 58,476 installations and adding 372 MWp capacity. This represented an exceptional 242% year-on-year growth compared to 17,092 installations recorded in Q3 FY25.

State-wise Performance Analysis

During the nine-month period, several states emerged as key contributors to Tata Power Renewable Energy's growth trajectory:

Uttar Pradesh led in terms of installation numbers, while Gujarat contributed the highest installed capacity despite fewer installations, indicating larger average system sizes in the state.

Cumulative Market Leadership

On a cumulative basis, the company's geographic performance demonstrates strong pan-India presence:

Maharashtra maintains its position as the leading market, followed by Gujarat, Tamil Nadu, and Chhattisgarh, collectively underscoring the company's execution capabilities and sustained growth momentum across major rooftop solar markets.

Strategic Initiatives and Market Position

Tata Power Renewable Energy has maintained its position as India's number one rooftop solar player for the past decade, according to BTI Research. The company operates through a comprehensive network of 650+ channel partners, ensuring scale, consistency, and reliability in rooftop solar deployment across the country.

The company's growth aligns with the Government of India's Pradhan Mantri Surya Ghar Yojana, with Tata Power driving awareness through its flagship Ghar Ghar Solar campaign. This initiative focuses on enabling widespread adoption of rooftop solar across Indian households, contributing to the nation's transition toward sustainable energy solutions.

Comprehensive Service Offering

Tata Power Solarroof provides an integrated end-to-end rooftop solar proposition that includes:

This comprehensive approach enables customers to transition confidently to cleaner, more reliable, and resilient energy solutions across residential, commercial, and industrial segments. The company continues to contribute meaningfully to India's clean energy journey, supporting the country's ambition of achieving 500 GW of non-fossil fuel capacity by 2030 and progressing toward net-zero emissions by 2070.