Tata Power Builds India's Largest Solar Ingot Plant in Andhra Pradesh; Shares Dip

• Tata Power Renewable Energy Limited (TPREL) will establish a 10 GW ingot and wafer manufacturing facility in Nellore, Andhra Pradesh.
• The project involves a ₹6,675 crore investment, making it India's largest ingot and wafer plant, crucial for solar cells and semiconductors.
• Andhra Pradesh government allocated 200 acres at IFFCO Kisan SEZ, with CM Chandrababu Naidu's SIPB clearing the project.
• A 200 MW captive green power plant will supply renewable energy to the facility.
• Despite the announcement, Tata Power's shares declined by 1.22% today, extending a 4.85% slip over six months.

Why It Matters: Tata Power's ₹6,675 crore solar manufacturing plant in Andhra Pradesh marks a major green energy push, yet shares reacted negatively.