Result of Solar PLI tranche II shows 32% lower response than tranche I

14 Apr 2023 CW Team

“The bid outcome demonstrates the severe competitive disadvantage domestic producers currently face. We anticipate domestic polysilicon and cell capacity to reach only 30 GW and 42 GW, respectively, by December 2026, barely enough to meet domestic demand,” according to Vinay Rustagi, managing director of Bridge To India. This is despite significant trade restrictions and a variety of incentives. Sadly, he continued, both project developers and manufacturers can expect more market uncertainty.

A total of 11 companies received PLI awards totaling $1.7 billion under tranche-II to establish a combined manufacturing capacity of 39.6 GW. According to the consultancy, PLI was given to Reliance and Shirdi Sai for an additional 6 GW of fully integrated capacity each, bringing their combined allocated capacity to 10 GW each, the maximum allowed under the programme. With a 3.4 GW capacity, First Solar is the only other winner in the fully integrated category. In the wafer- module category, there are five winners, including Waaree, ReNew, Avaada, Grew, and JSW, with a combined capacity of 16.8 GW; in the cell-module category, there are three winners, including Tata Power, Vikram, and Amp, with a combined capacity of 7.4 GW.

The consultant noted that it is important to take note of the fact that project developers, who are concerned about the market disruption over the past two years and the strict import barriers, have contributed close to 50% of the PLI bid capacity. These developers are primarily looking to service their captive demand.

Despite being 4.3 times larger, Solar Energy Corporation of India’s (SECI) tranche-II of the production-linked incentive (PLI) scheme received a total response that was 32% lower than tranche- I, according to renewable energy consultancy Bridge To India. “Tranche-II was 4.3 times larger than the first tranche, but in comparison, the overall response was 32% lower. Overall, it received 28% less applications than expected, but the fully integrated category saw the highest shortfall of 37%” according to the news statement. PLI will have a 48 GW manufacturing capacity overall. “The bid outcome demonstrates the severe competitive disadvantage domestic producers currently face. We anticipate domestic polysilicon and cell capacity to reach only 30 GW and 42 GW, respectively, by December 2026, barely enough to meet domestic demand,” according to Vinay Rustagi, managing director of Bridge To India. This is despite significant trade restrictions and a variety of incentives. Sadly, he continued, both project developers and manufacturers can expect more market uncertainty. A total of 11 companies received PLI awards totaling $1.7 billion under tranche-II to establish a combined manufacturing capacity of 39.6 GW. According to the consultancy, PLI was given to Reliance and Shirdi Sai for an additional 6 GW of fully integrated capacity each, bringing their combined allocated capacity to 10 GW each, the maximum allowed under the programme. With a 3.4 GW capacity, First Solar is the only other winner in the fully integrated category. In the wafer- module category, there are five winners, including Waaree, ReNew, Avaada, Grew, and JSW, with a combined capacity of 16.8 GW; in the cell-module category, there are three winners, including Tata Power, Vikram, and Amp, with a combined capacity of 7.4 GW. The consultant noted that it is important to take note of the fact that project developers, who are concerned about the market disruption over the past two years and the strict import barriers, have contributed close to 50% of the PLI bid capacity. These developers are primarily looking to service their captive demand.

Real Estate

11 May 2026

Stans Arize Sells Rs 1 Billion Homes in One Week

The Mandate House has recorded sales of 111 residential units worth over Rs 1 billion within one week of the launch of Stans Arize, a residential development by Stans Buildtech in Jogeshwari (East), Mumbai.The Mandate House, appointed as the exclusive sales partner for the project, managed the end-to-end sales and marketing strategy for the launch.Located at Janata Colony, Gandhi Nagar, Stans Arize is a 23-storey residential tower comprising one and two-bedroom apartments. The project includes amenities such as a swimming pool, fitness centre, jogging track, yoga and meditation area, moss gard..

Infrastructure Transport

11 May 2026

RAHSTA 2026 to Host Certified Highway Construction Masterclass

RAHSTA 2026 will organise the Certified Highway Construction Masterclass, a specialised two-day corporate training programme for highway construction professionals, on July 8–9, 2026, at the Jio World Convention Centre.The Masterclass will be delivered by RASTA – Center for Road Technology and supported by Construction World and FIRST Construction Council.Designed as an industry-led refresher programme, the Masterclass aims to help engineering and project teams stay updated with the latest advancements in highway construction, pavement technologies, sustainable materials, intelligent compa..

Infrastructure Urban

11 May 2026

Grand Mercure Mysuru Turns 10; BHVL to Invest Rs 1,000 Crore in Karnataka

Brigade Hotel Ventures Limited (BHVL) has marked the 10th anniversary of its flagship property, Grand Mercure Mysuru, by announcing a major investment plan of around Rs 1,000 crore in Karnataka over the next five years. The company said the investment will be directed towards new hospitality projects as well as modernisation of existing assets, aligning with the evolving demand for experiential tourism.The announcement comes as BHVL reiterated its focus on strengthening Mysuru’s position as a prominent global tourism destination by supporting the local micro-economy and adopting sustainable ..