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

24 Sep 2021 CW Team

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

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

Infrastructure Energy

05 Aug 2026

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Infrastructure Urban

05 Aug 2026

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..