TATA POWER SUBSIDIARY TO INVEST Rs 6,500 CRORE IN SOLAR MANUFACTURING EXPANSION

renewable energy division has approved entering a new business line focused on photovoltaic (PV) ingots and wafers in which it will invest up to Rs 6,500 crore. The company plans to set up to 10 GW of ingot and wafer manufacturing capacity in two phases of 5 GW each. This move will position the company in the upstream solar value chain that supplies critical inputs for solar cells and modules. The project also aligns with national manufacturing priorities and positions the company to leverage policy incentives and demand protection mechanisms. Having a market cap of Rs 1,42,049 crore, the company has delivered good profit growth of 45% CAGR over last 5 years. DIIs have also shown confidence in the company and have increased their stake from 15.87% in Mar25 to 17.98% in Mar26. With this new expansion, the company's sales and profits are expected to grow in the coming years.