CESC Limited on Friday informed stock exchanges that its subsidiary, CESC Green Power Limited, has entered into a memorandum of understanding (MoU) with the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL), Government of Odisha, for setting up a large-scale renewable energy manufacturing facility in the state.
Details of the proposed project
As per the regulatory filing, the proposed project will be established at Chhatia–Ambakhala under Gondia Tahasil in Dhenkanal district of Odisha. The project involves an investment of around Rs 4,500 crore and will include multiple manufacturing units across the solar and energy storage value chain.
Manufacturing capacity outlined
Under the MoU, CESC Green Power plans to set up:
- 3 GW solar cell manufacturing capacity
- 3 GW solar module manufacturing capacity
- Advanced Chemistry Cell (ACC) battery pack facility of 5 GWh
- Advanced solar components manufacturing
- 60 MW AC captive power plant unit to support operations
The project is aimed at strengthening domestic manufacturing capabilities in renewable energy and energy storage technologies.
Regulatory disclosure
The company stated that the intimation is being made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This development follows an earlier disclosure made by the company in November 2025 regarding progress on the proposed investment.
Key takeaway
The MoU marks a significant step for CESC’s renewable energy arm, with a multi-gigawatt solar and battery manufacturing project planned in Odisha involving a Rs 4,500 crore investment, subject to further approvals and execution timelines.