Tata Power’s shares increased by 5% following the start of solar cell production at its Tirunelveli plant in Tamil Nadu. Operated by TP Solar Limited, a Tata Power Renewable Energy Limited (TPREL) subsidiary, this plant is now India’s largest solar cell and module manufacturing facility.
The plant has begun commercial operations with a 2 GW solar cell line, strengthening Tata Power’s position in the renewable energy sector. This significant milestone is part of the company’s broader strategy to boost domestic solar cell production and reduce reliance on imported components.
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Tata Power’s Tirunelveli facility, which commenced solar module production earlier this year, has already produced 1,250 MW of solar modules. The company is on track to increase output by adding an additional 2 GW of production capacity in the coming weeks.
This expansion aligns with Tata Power’s goal of supporting India’s renewable energy initiatives. By producing solar cells domestically, the company aims to contribute to the country’s clean energy targets and reduce the dependency on foreign solar components.
With this increased capacity, Tata Power is better positioned to meet the rising demand for solar components, especially for large-scale solar projects in India. This development also enhances the company’s competitive edge in the growing renewable energy market.
