Tata Power to Set Up 10 GW Solar Wafer and Ingot Plant

Tata Power plans to enter the wafer and ingot manufacturing space with a 10 GW facility, as announced by its CEO and Managing Director, Praveer Sinha.

The company currently has an integrated solar module and cell manufacturing capacity of 4.9 GW. Ingots and wafers are the base materials used to produce solar cells. Tata Power, an integrated power company, has a diversified power portfolio of 15.9 GW.

“As far as backward integration is concerned, we plan to set up a 10 GW wafer and ingot plant. We are finalising the location and technology,” Sinha said, adding that the project will strengthen the company’s position across the solar component ecosystem.

On the module and cell front, Tata Power achieved an output of 928 MW of solar cells and 970 MW of modules in Q2 FY26, showing adequate existing capacity for expansion.

The move aligns with government efforts to localise the solar module supply chain and reduce dependence on imports. Currently, only a few companies, including Adani Solar, operate across the ingot-to-module value chain. Other major players, such as Avaada Electro, ReNew, Reliance Industries, and Waaree, have announced plans to expand their presence in the full solar ecosystem.

Tata Power also reported a 14 percent rise in consolidated net profit to INR 1,245 crore for Q2 FY26, supported by a 3 percent increase in revenue to INR 15,769 crore. Sinha said the performance reflects the company’s integrated and diversified business strategy.On nuclear power, Sinha noted that Tata Power has formed a six-member team to explore opportunities once government regulations allow private participation. Regarding power distribution, he said the company aims to reach 40 million consumers by 2030, leveraging proposed amendments to the Electricity Act.