Tata Power shares rise by 6% as the company launches production at India’s largest solar facility.

Tata Power has initiated production at its new 4.3 GW solar cell and module manufacturing plant in Tirunelveli, Tamil Nadu. This facility is the largest domestic single-location plant and utilizes advanced technologies to enhance solar cell efficiency. The ramp-up in production is expected to significantly strengthen Tata Power's position in the renewable energy sector and support India's solar energy goals

This accomplishment comes after solar modules were produced successfully earlier in the year. Tata Power Company is the parent company of TPREL. Tata Power stated in a BSE filing that the manufacture of solar cells, which is now at a capacity of 2 GW, will improve the company’s ability to meet the growing demand for high-quality, domestically produced solar components, particularly for large-scale capacity-addition projects. As to the statement from the Tata group company, “the plant is expected to ramp up production with the remaining 2 GW capacity to be added over the next 4-6 weeks, reaching peak production within the next few months.”

The Tirunelveli plant’s module production line, which has a 4.3 GW total cell and module manufacturing capacity, was put into service in October 2023 and has since produced 1250 MW of solar modules.

Tata Power has invested close to Rs 4,300 crore in the facility’s construction. In order to enhance the company’s supply chain, the solar cells and modules made at the Tamil Nadu facility will first be used for ongoing projects. Tata Power also intends to look into ways to reach a larger market.

The company now has a manufacturing facility in Bengaluru, Karnataka, in addition to the Tirunelveli plant. 682 MW of solar modules and 530 MW of solar cells can be produced at this facility. It has provided 3.73 GW in total so far.

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