Telangana Loses Rs 17 Bn Solar Manufacturing Project

06 Mar 2025 CW Team

While the 4 GW Solar PV TOPCon Module line will still be set up in Telangana, the Rs 17 billion investment in cell manufacturing is moving to Andhra Pradesh, bringing with it an estimated 2,000 jobs.

Strategic Relocation for Backward Integration Premier Energies initially proposed both a 4 GW solar cell facility and a 4 GW module facility in Telangana. However, recent stock exchange filings reveal a shift in strategy. The company is now implementing a backward integration model, co-locating its silicon ingot and wafer manufacturing operations alongside its solar PV cell manufacturing.

The Andhra Pradesh Industrial Infrastructure Corporation (APIIC) has allotted 269.71 acres to Premier Energies in Nellore district, including:

169.71 acres already allocated An additional 100 acres approved in principle

This site will now host: ? 4 GW Solar PV TOPCon Cell manufacturing facility ? 5 GW silicon ingot and wafer manufacturing plant

By integrating wafer and ingot production with PV cell manufacturing, Premier Energies aims to enhance efficiency, streamline its supply chain, and reduce manufacturing costs.

Discussions between the Andhra Economic Development Board (EDB) and Premier Energies began in October 2024. Land allocation was finalised by February 2025, highlighting Andhra Pradesh’s business-friendly environment and rapid policy execution. Officials cited this as a prime example of the state’s “speed of doing business” approach.

Telangana’s industrial landscape faces a setback, losing a critical component of Premier Energies' expansion. However, the 4 GW Solar PV TOPCon Module line remains in the state. Andhra Pradesh strengthens its position as a renewable energy hub, attracting investments that could bolster its status in India's clean energy transition.

As competition between Telugu states intensifies, Andhra Pradesh’s proactive investment policies and strategic land allocations appear to be giving it a competitive edge in attracting large-scale industrial projects.

In a major industrial shift, Premier Energies Ltd, a pioneering player in India’s solar cell manufacturing sector, has decided to relocate its 4 GW solar photovoltaic (PV) cell manufacturing facility from Telangana’s Seetharampur Industrial Park to Naidupeta Industrial Park in Andhra Pradesh's Nellore district. While the 4 GW Solar PV TOPCon Module line will still be set up in Telangana, the Rs 17 billion investment in cell manufacturing is moving to Andhra Pradesh, bringing with it an estimated 2,000 jobs. Strategic Relocation for Backward Integration Premier Energies initially proposed both a 4 GW solar cell facility and a 4 GW module facility in Telangana. However, recent stock exchange filings reveal a shift in strategy. The company is now implementing a backward integration model, co-locating its silicon ingot and wafer manufacturing operations alongside its solar PV cell manufacturing. The Andhra Pradesh Industrial Infrastructure Corporation (APIIC) has allotted 269.71 acres to Premier Energies in Nellore district, including: 169.71 acres already allocated An additional 100 acres approved in principle This site will now host: ? 4 GW Solar PV TOPCon Cell manufacturing facility ? 5 GW silicon ingot and wafer manufacturing plant By integrating wafer and ingot production with PV cell manufacturing, Premier Energies aims to enhance efficiency, streamline its supply chain, and reduce manufacturing costs. Discussions between the Andhra Economic Development Board (EDB) and Premier Energies began in October 2024. Land allocation was finalised by February 2025, highlighting Andhra Pradesh’s business-friendly environment and rapid policy execution. Officials cited this as a prime example of the state’s “speed of doing business” approach. Telangana’s industrial landscape faces a setback, losing a critical component of Premier Energies' expansion. However, the 4 GW Solar PV TOPCon Module line remains in the state. Andhra Pradesh strengthens its position as a renewable energy hub, attracting investments that could bolster its status in India's clean energy transition. As competition between Telugu states intensifies, Andhra Pradesh’s proactive investment policies and strategic land allocations appear to be giving it a competitive edge in attracting large-scale industrial projects.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..