11 firms to get ₹13,937 crore under solar cells PLI tranche-II

The government has allocated a total capacity of 39,600 MW of domestic solar PV module manufacturing capacity to 11 companies at a total outlay of Rs 13,937.575 crore.

Renewable energy subsidiaries of Reliance Industries Ltd, Tata Power Company Ltd, and JSW Energy Ltd are among the winners of the bids.

The power ministry has mentioned that 7400 MW of manufacturing capacity is expected to become operational by October 2024, 16,800 MW capacity by April 2025, and the balance 15,400 MW capacity by April 2026. The Tranche-II of the PLI Scheme is expected to bring in an investment of Rs 93,041 crore. It will also generate a total of 1,01,487 jobs with 35,010 getting direct employment and 66,477 being indirectly employed.

On September 21, the Union Cabinet had approved the second tranche of the PLI scheme for the development of solar PV modules, with an outlay of Rs 19,500 crore.