Tata Power to set up ₹6,675 crore 10 GW ingot and wafer plant; shares react

Tata Power has announced the establishment of a 10-GW ingot and wafer manufacturing facility in Andhra Pradesh.

In a statement, the Tata Group-owned company said that Tata Power Renewable Energy Limited (TPREL) will set up a greenfield 10 GW ingot and wafer manufacturing facility at Nellore, Andhra Pradesh.

Manufacturing Facility In Andhra Pradesh

This project will have a cumulative investment of ₹6,675 crore. This renewable energy project, according to the company, will be the largest ingot and wafer manufacturing facility in India.

Here, ingots and wafers are critical inputs for solar cells, modules, and semiconductor applications.

The Andhra Pradesh government has allocated 200 acres of land for the project, and it will be developed at the IFFCO Kisan Special Economic Zone. Furthermore, Tata Power added that the project has been cleared by the State Investment Promotion Board (SIPB) headed by the state Chief Minister Chandrababu Naidu.

Also Read: Tata Power commits ₹1,572 crore for Bhutan's 1,125 MW Dorjilung hydro project

Tata Power's arm will also establish a 200 MW captive green power plant to supply renewable energy to the facility.

Speaking on the matter, IT and Electronics Minister of Andhra Pradesh, Nara Lokesh, said, “Andhra Pradesh is proud to host yet another landmark investment from the Tata Group. This project is a strong vote of confidence in our state’s policy stability, infrastructure readiness, and commitment to clean energy manufacturing."

Stock Reaction

Previously, in November 2025, the company inked a set of commercial agreements with Druk Green Power Corporation Ltd (DGPC) for the development of the 1,125 MW Dorjilung hydroelectric power project in Bhutan. The value of this project is pegged at ₹13,100 crore.

When we take a look at the recent performance of the company's stock, the company shares, despite this announcement, have declined in today's trade. The shares dipped by 1.22% or ₹4.70. In the past 6 months, the stock price has slipped in value by 4.85%. The current stock price, at the time of writing, stands at ₹381.80 per piece.