Tata Power selects Odisha for ₹6,675 crore 10 GW ingot-and-wafer plant

Tata Power has chosen Gopalpur, Odisha, over Andhra Pradesh for a 10 GW ingot-and-wafer facility, citing incentives, lower power costs and ready land. The project will be built in two 5 GW phases, with the first targeted for January 2028.

— Source publishedTue, 28 Jul, 2026, 00:43 IST·First seen Tue, 28 Jul, 2026, 00:56 IST·Source ET Small Business

What happened

Tata Power selected Gopalpur, Odisha, for a ₹6,675-crore 10 GW ingot-and-wafer plant, citing incentives, lower power costs and ready land. It also reported Q1

Key facts

  • ₹6,675 crore
  • 10 GW
  • two 5 GW phases
  • January 2028
  • 11% net-profit increase
  • ₹1,401 crore Q1 FY27 net profit
  • ₹19,051.26 crore revenue
  • 5.6% revenue increase
  • ₹4,013 crore EBITDA
  • 3% EBITDA decline
  • 220 MW
  • 700 MW
  • six to eight months

Why this matters

Odisha’s win over Andhra Pradesh highlights how ready land, power pricing and state incentives are becoming decisive in landing large-scale clean-energy manufacturing.

What to watch

  • Signing of the final Odisha MoU, incentive notification and land-allotment terms.
  • Environmental, water-use, power-supply and construction approvals.
  • Capital-expenditure guidance, financing structure and phase-one groundbreaking date.
  • Announcements of technology partners, equipment suppliers and wafer offtake agreements.
  • Changes in Indian solar import duties, approved-list rules, domestic-content requirements and production-linked incentives.
  • Chinese wafer pricing trends and domestic module manufacturers' utilization rates.
  • Evidence of a committed second 5 GW phase versus a deferred expansion.
  • Finalize Odisha state incentive package, land transfer, grid-power arrangements and statutory approvals.
  • Secure technology partnerships and equipment orders for ingot pulling, wafering, slicing and quality-control lines.
  • Align wafer output with Tata Power's cell/module capacity expansion and negotiate offtake commitments with domestic solar manufacturers.
  • Build logistics, water, skilled-labor and vendor ecosystems around Gopalpur to lower ramp-up risk.
  • Use the Odisha selection to seek comparable incentives for downstream cell, module, storage and renewable-power projects.

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