CESC subsidiary gets Odisha nod for Rs 4,500 cr solar and battery plant
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CESC Green Power, a subsidiary of CESC Limited, has received in-principle approval from the High-Level Clearance Authority of the Government of Odisha to set up a greenfield manufacturing facility in Dhenkanal district. The project will produce 3 GW solar cells, 3 GW solar modules, 5 GWh advanced chemistry battery cell packs, advanced solar components, and a 60 MW AC captive power plant. Total investment is around Rs 4,500 crores, to be spent in three phases.
Major greenfield capex of Rs 4,500 crores signals big push into clean energy manufacturing, likely to drive long-term revenue growth.