Tata Power Company Ltd announced on Thursday that it will set up a 10-GW ingots and wafers manufacturing facility in Odisha with an investment of Rs 10,000 crore. Ingots and wafers are essential raw materials used in producing solar cells, solar modules, and semiconductor chips.
The company currently operates with 4.55 GW of solar cell and module manufacturing capacity. With the new facility, Tata Power aims to backward integrate its supply chain by adding ingot and wafer production to support both domestic operations and export markets, the company said in its release.