CESC Green Power Invests ₹3,800 Cr in Uttar Pradesh Solar Plant

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AuthorIshaan Verma|Published at:
CESC Green Power Invests ₹3,800 Cr in Uttar Pradesh Solar Plant
Overview

CESC's subsidiary, CESC Green Power Ltd, inked a ₹3,800 crore deal with Uttar Pradesh for a 3GW solar cell and module plant, plus a 60MW solar power facility. This expansion follows a similar large-scale renewable manufacturing project approved for Odisha last year. The move signals CESC's aggressive push into the renewable energy sector, aiming to capitalize on India's growing green energy demand and government incentives.

Uttar Pradesh Solar Expansion

CESC Green Power Ltd has cemented a significant expansion in India's renewable energy landscape by signing a Memorandum of Understanding (MoU) with the Governor of Uttar Pradesh. The agreement, dated January 20, 2026, earmarks an investment of approximately ₹3,800 crore. This capital will fund the establishment of a 3-gigawatt (GW) solar cell and module manufacturing plant, alongside a 60-megawatt (MW) solar power plant. The project also includes vital infrastructural facilities such as a research and development laboratory, underscoring a commitment to innovation.

Odisha Project Parallel

This strategic move into Uttar Pradesh mirrors CESC's ambitious renewable manufacturing plans initiated last year. Its subsidiary had previously secured in-principle approval from the Odisha government for a substantial ₹4,500 crore project in Dhenkanal district. That facility is slated to encompass 3GW solar cell and module units, a 5GWh battery cell and pack operation, and a 60MW captive power plant, further highlighting the company's aggressive multi-state renewable strategy.

Market Outlook

The market is watching CESC's accelerated transition into green energy closely. Analysts at Emkay Global have previously indicated that this shift could potentially drive CESC shares up by as much as 28%. CESC Ltd shares concluded Tuesday's trading session on the BSE down 0.92% at ₹145.80. The twin investments in Uttar Pradesh and Odisha position CESC Green Power as a major player in India's domestic solar manufacturing ecosystem, aiming to meet escalating demand for clean energy solutions and reduce import reliance.

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