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Tata Power Plans 10 GW Solar Wafer and Ingot Manufacturing Facility to Deepen Backward Integration

Tata Power is preparing to make a major leap in solar manufacturing with plans to build a 10 GW ingot and wafer production plant, strengthening its position across the entire solar value chain. The announcement was made by Praveer Sinha, CEO and Managing Director of Tata Power, as the company accelerates its transition into a fully integrated solar technology producer.

The upcoming facility will complement Tata Power’s existing 4.9 GW solar module and cell manufacturing capacity, enabling the company to produce the foundational materials—wafers and ingots—that form the basis for solar cell fabrication. “We are in the final stages of determining the site and technology,” Sinha said, noting that the expansion will significantly enhance the company’s cost competitiveness and reinforce supply chain security.

In Q2 FY26, Tata Power recorded an output of 928 MW of solar cells and 970 MW of modules, reflecting high utilisation levels of its current operations and readiness for further scaling.

The initiative is aligned with the Government of India’s goal to build a fully domestic solar manufacturing ecosystem and reduce dependence on imported components. At present, only a few companies—such as Adani Solar—operate across the entire ingot-to-module chain. Other players including Avaada Electro, ReNew, Reliance Industries, and Waaree have also announced plans to deepen their manufacturing footprints across the full solar value chain.

From a financial perspective, Tata Power reported a 14% YoY increase in consolidated net profit to INR 1,245 crore in Q2 FY26, supported by a 3% rise in revenue to INR 15,769 crore. Sinha noted that these results underscore the strength of the company’s integrated, diversified growth strategy.

Beyond solar, Tata Power is also exploring emerging opportunities in nuclear energy, with a dedicated six-member team assessing potential entry once private sector participation is allowed. In the distribution sector, the company aims to serve 40 million customers by 2030, supported by potential amendments to the Electricity Act and continued expansion of its digital-first distribution initiatives.