Andhra Pradesh-based transformer manufacturer and EPC contractor Shirdi Sai Electricals, BC Jindal Group’s Jindal India Solar Energy and Reliance New Energy Solar have been selected as the beneficiaries of the production-linked incentive (PLI) scheme for solar panel manufacturing.
Taken together, these companies will set up around 12,000 megawatt (MW) of manufacturing capacities under the scheme, and receive a combined incentive of Rs 4,500 crore.
The new capacities are seen to provide a domestic supply source to an industry which is 80% dependent on imports. As per the recent COP26 announcements, the country has set a target to install 500 gigawatt (GW) of renewable energy capacity by 2030 and much of it is to come from solar plants.
