10 hrs ago
RSOLEC Plans ₹5,000 Crore Solar Materials Facility in Tumakuru
Renaissance Solar and Electronic Materials wants to build a large solar-materials factory in Tumakuru.
The company may invest ₹5,000 crore in the project.
It has asked the Karnataka government for 100 acres of land.
The factory would make solar ingots and wafers used in solar equipment.
Its planned production capacity is 5 GW.
The company would need 80 MW of electricity and 10 MLD of water.
It has also requested a special incentive package from the state.
If discussions and approvals go well, manufacturing could start by the middle of 2028.
Renaissance Solar and Electronic Materials has expressed interest in investing ₹5,000 crore in Tumakuru, Karnataka.
The company has sought 100 acres in the Chennai-Bengaluru Industrial Corridor region.
It plans to establish a 5 GW facility producing solar ingots and wafers.
The proposed plant would require 80 MW of power and 10 MLD of water.
Manufacturing could begin by mid-2028, subject to further discussions and approvals.
- Who
- Renaissance Solar and Electronic Materials, Chairman and CEO Milind S Kulkarni, and Karnataka Industries Minister M B Patil.
- What
- RSOLEC has expressed interest in investing ₹5,000 crore to establish a 5 GW solar ingot and wafer manufacturing facility.
- Where
- The proposed facility would be in the Chennai-Bengaluru Industrial Corridor region of Tumakuru, Karnataka.
- When
- The announcement was published on October 1, 2026; manufacturing could begin by mid-2028.
- Why
- The company is seeking to establish a solar-materials manufacturing facility and has requested land, power, water, and a Special Incentive Package from the Karnataka government.
Key facts
- Proposed investment
- ₹5,000 crore
- Proposed location
- Tumakuru region of the Chennai-Bengaluru Industrial Corridor
- Land requested
- 100 acres
- Planned facility
- 5 GW solar ingot and wafer manufacturing plant
- Power requirement
- 80 MW
- Water requirement
- 10 MLD
- Potential manufacturing start
- Mid-2028
Quotes
M B Patil
Karnataka Industries Minister
“A final decision will be taken after discussions on the company’s other requirements.”
thehansindia.com
Sources
Related news
Applied Materials to Invest ₹3,600 Crore in Karnataka
Karnataka Expects Rs 15,000 Crore Semiconductor Investments, 2,000 Jobs
Lam Research Plans Rs 10,000 Crore India Silicon Facility
Wipro-Kawasaki Plans ₹1,000 Crore Hydraulic Pump Plant in Karnataka
West Bengal Allots Land to Websol for Large Solar Plant
Odisha Plans 870-Acre Silicon Valley Technology Hub Near Cuttack
Karnataka Orders Special Cleanliness Drive for Gandhi Jayanti
Karnataka CM Alleges Voter Purge in Revision Drive
Bommai urges Karnataka to expedite Varada-Bedthi river-linking DPR
Karnataka Deputy Chief Minister Seeks Urgent Centre Aid For Drought
Karnataka Leaders Clash Over Urdu Festival at Vidhana Soudha
