Adani Group, RIL and 17 other companies bid for making solar modules
POWER & RENEWABLE ENERGY

Adani Group, RIL and 17 other companies bid for making solar modules

As many as 19 companies, including Reliance Industries Limited (RIL), Adani Group and First Solar, have bid for setting up solar manufacturing units under the production linked incentive (PLI) scheme of the government.

RIL, Adani, First Solar, Shirdi Sai and Jindal Poly have bid for manufacturing polysilicon, wafer, solar cells and modules. Coal India Limited (CIL), ReNew Energy Global Plc, CubicPV and Larsen and Toubro (L&T) have bid for manufacturing wafers, solar cells and modules.

Avaada Energy Private Limited, Megha Engineering and Infrastructure Limited (MEIL), Vikram Solar, Tata Power, Acme Solar, Premier Energies, Waaree Energies, Emmvee Group and Jupiter Solar have also bid for solar cells and modules manufacturing.

In 2020, the PLI scheme was unveiled, which sought to create global manufacturers in India by eliminating sectoral disabilities and creating an economy for complete development in India. In February, PM Narendra Modi invited global firms to gain benefit from the Rs 1.97 trillion PLI scheme from 13 sectors and expand their manufacturing network in the country.

Polysilicon manufacturing received bids for 19 GW, while wafers and solar cells and modules received bds of 32 GW and 54.80 GW, respectively. According to the report, the domestic solar equipment manufacturing plan gained traction with 15 firms with total investments of nearly $3 billion.

The government's PLI scheme worth Rs 4,500 crore for solar photovoltaic modules will help the country to boost its domestic manufacturing unit. It aims to install 10 GW integrated solar PV manufacturing capacity and bring in a direct investment of Rs 17,200 crore. With India's growing market for green energy to boost manufacturing, it also plans to play a big role in the global supply chain.

Indian Renewable Energy Development Agency (IREDA) has called the bids. The minimum capacity of the manufacturing unit should be 1 GW with the PLI scheme to be distributed to successful bidders after its completion of five years.

Image Source


Also read: Adani Group to invest $20 bn in RE generation for next 10 years

Also read: Andhra University set to launch solar thermal power project in campus

As many as 19 companies, including Reliance Industries Limited (RIL), Adani Group and First Solar, have bid for setting up solar manufacturing units under the production linked incentive (PLI) scheme of the government. RIL, Adani, First Solar, Shirdi Sai and Jindal Poly have bid for manufacturing polysilicon, wafer, solar cells and modules. Coal India Limited (CIL), ReNew Energy Global Plc, CubicPV and Larsen and Toubro (L&T) have bid for manufacturing wafers, solar cells and modules. Avaada Energy Private Limited, Megha Engineering and Infrastructure Limited (MEIL), Vikram Solar, Tata Power, Acme Solar, Premier Energies, Waaree Energies, Emmvee Group and Jupiter Solar have also bid for solar cells and modules manufacturing. In 2020, the PLI scheme was unveiled, which sought to create global manufacturers in India by eliminating sectoral disabilities and creating an economy for complete development in India. In February, PM Narendra Modi invited global firms to gain benefit from the Rs 1.97 trillion PLI scheme from 13 sectors and expand their manufacturing network in the country. Polysilicon manufacturing received bids for 19 GW, while wafers and solar cells and modules received bds of 32 GW and 54.80 GW, respectively. According to the report, the domestic solar equipment manufacturing plan gained traction with 15 firms with total investments of nearly $3 billion. The government's PLI scheme worth Rs 4,500 crore for solar photovoltaic modules will help the country to boost its domestic manufacturing unit. It aims to install 10 GW integrated solar PV manufacturing capacity and bring in a direct investment of Rs 17,200 crore. With India's growing market for green energy to boost manufacturing, it also plans to play a big role in the global supply chain. Indian Renewable Energy Development Agency (IREDA) has called the bids. The minimum capacity of the manufacturing unit should be 1 GW with the PLI scheme to be distributed to successful bidders after its completion of five years. Image SourceAlso read: Adani Group to invest $20 bn in RE generation for next 10 years Also read: Andhra University set to launch solar thermal power project in campus

Next Story
Infrastructure Urban

Paras Defence Subsidiary Wins Rs 460 Mn Anti-Drone Order

Paras Defence and Space Technologies (PDST) saw its shares rise 1.5 per cent to Rs 701 after its subsidiary, Paras Anti-Drone Technologies, secured a defence contract from the Ministry of Defence, Government of India, valued at approximately Rs 460.19 million.The order covers the supply of Anti-Drone Systems, including Drone Jammers, marking a significant milestone for Paras Anti-Drone in India’s growing counter-UAV segment. The contract is scheduled for execution by March 2026. According to official filings, the award is from a domestic entity, not a related party transaction, and no promot..

Next Story
Building Material

Jindal Stainless Launches First Stainless Steel Fabrication Unit in Mumbai

Jindal Stainless, India’s largest stainless steel manufacturer, through its subsidiary Jindal Stainless Steelway (JSSL), has inaugurated its first stainless steel fabrication unit at Washivali, Patalganga, Mumbai. The 4 lakh sq ft facility is designed to serve the bridge sector, fabricating critical components such as girders, arches, nuts, bolts, and handles. The unit was inaugurated by CEO & CFO Tarun Khulbe in the presence of senior leadership.Developed with an initial investment of Rs 1.25 billion, the facility strengthens Jindal Stainless’ position as a provider of end-to-end fabr..

Next Story
Infrastructure Energy

Hero Future Energies Secures Rs 19.08 Bn for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19,080 million in funding from State Bank of India (lead) and Canara Bank for the development of its 120 MW renewable energy (RE) hybrid project in Kurnool, Andhra Pradesh.The project, contracted with SJVN, integrates wind, solar, and storage technologies to provide reliable peak power. The funding, structured with a 21-year repayment tenure, will support timely project execution and the commencement of commercial operations.This financial closure underscores the banking community’s confidence in ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?