Govt to increase fund allocation for solar PLI scheme to Rs.240 bn
ECONOMY & POLICY

Govt to increase fund allocation for solar PLI scheme to Rs.240 bn

RK Singh, Minister of Power, New & Renewable Energy recently announced that the Centre will increase funding for the production-linked incentive (PLI) programme to produce domestic solar cells and modules to Rs.240 billion from the current Rs.45 billion.The PLI pro...

RK Singh, Minister of Power, New & Renewable Energy recently announced that the Centre will increase funding for the production-linked incentive (PLI) programme to produce domestic solar cells and modules to Rs.240 billion from the current Rs.45 billion.The PLI programme for solar modules and cells received proposals for a 54.5 gw production capacity, which prompted the request for approval of additional funding. Solar equipment will also be shipped. According to the minister, solar module production capacity in the nation was 8.8 gw while cell production capacity was 2.5 gw.Recently, the Indian Renewable Energy Development Agency (IREDA) released the list of successful bidders for installing production capacities for a minimum of 10 gw of vertically integrated high-efficiency solar modules under the PLI programme. A PLI totalling Rs.44.50 billion for a total capacity of 10,483 mw was granted. The 16 eligible bidders had requested a total PLI of Rs.229.94 billion.Jindal India Solar Energy was granted a PLI of Rs.13.90 billion, and Shirdi Sai Electricals a PLI of Rs.18.75 billion, for 4 gw capacity each. Reliance New Energy Solar was granted a PLI of Rs.11.90 billion for 2,483 mw capacity. The Government said that it would view the PLI for the bidders on the waiting list if funds were improved for the programme. The PLI request under the waiting list amounts to Rs.185.39 billion.In April 2021, the Union Cabinet passed the Rs. 45 billion PLI programme to enhance the domestic production capacity of solar PV modules. The programme plans to increase the 100 gw production capacity of integrated solar PV modules requiring a direct investment of Rs.172 billion. With the offered rise in allocation to Rs.240 billion, the quantum of investments and domestic production capacity envisaged under the PLI programme would improve.

Next Story
Building Material

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Next Story
Building Material

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Next Story
Building Material

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App