Tata Power Aims to Finalise ₹6,500 Crore Wafer-Ingot Project by January, Says CEO Praveer Sinha

As per Economic Times report, Tata Power has announced plans to finalise its ₹6,500 crore wafer and ingot project by January 2026, moving closer towards a fully integrated solar supply chain. The initiative will enhance the company's existing solar manufacturing capabilities by adding upstream components. 

Tata Power’s ₹6,500 Crore Wafer-Ingot Project Plans 

On December 16, 2025, Tata Power’s CEO and MD, Praveer Sinha, confirmed that the company is set to finalise a 10 GW wafer and ingot manufacturing plant by January 2026. This investment is a part of Tata Power’s strategy to achieve complete backward integration in solar manufacturing.  

The project is expected to complement its existing solar cell and module capabilities, positioning Tata Power as a fully integrated solar component producer. Currently, discussions are ongoing with several state governments regarding the project site. 

Locations Under Consideration 

The company is examining locations in Odisha, Tamil Nadu, and Andhra Pradesh. The final decision will be influenced by specific state policies, availability of infrastructure, and incentive packages offered by state authorities.  

Sinha mentioned during an event in Bhubaneswar that these states are being considered based on their industrial support environment. 

Read More: Tata Power Plans ₹1.25 Trillion Capex Targeting 30 GW Capacity by FY30! 

Impact on Tata Power’s Solar Value Chain 

By adding ingots and wafers to its manufacturing spectrum, Tata Power intends to strengthen its footprint in the solar energy sector. This project comes as part of a broader expansion plan under which the company aims to scale up its total power capacity.  

Presently, Tata Power holds a 15.9 GW portfolio diversified across thermal, solar, and wind energy. Establishing the wafer and ingot facility supports the broader plan to become a more self-reliant solar power producer. 

Plans in Nuclear Energy Sector 

In addition to solar projects, the company is exploring opportunities in small modular reactors with a focus on 20 to 50 MW capacity. This comes in light of pending legal changes that may allow private investments in the nuclear energy segment. The company intends to assess these developments closely. 

Tata Power Share Price Performance  

As of December 16, 2025, at 11:55 AM, Tata Power share price on NSE was trading at ₹380.00 down by 0.43% from the previous closing price. 

Conclusion 

Tata Power is targeting a January 2026 deadline to finalise its ₹6,500 crore wafer and ingot project, aimed at completing its solar production cycle. The location for the plant will be selected after a review of state-wise policies and incentives. 

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