Tata Power to Finalize Rs 6,500 Cr Wafer-Ingot Project by January: CEO Sinha

• Tata Power aims to finalize its 10 GW wafer and ingot project, estimated at Rs 6,500 crore, by January next year.
• CEO Praveer Sinha confirmed an announcement is expected in January regarding the project.
• The initiative is part of Tata Power's backward integration strategy to become a fully integrated solar manufacturer.
• The company is currently in discussions with various states, including Odisha, Tamil Nadu, and Andhra Pradesh, to finalize the project's location based on policies and incentives.
• This project will complete Tata Power's solar manufacturing chain, from wafers and ingots to cells and modules.

Why It Matters: Tata Power is set to finalize its major Rs 6,500 Cr solar wafer-ingot project by January for full integration.