CESC Green Power Ltd signed a Memorandum of Understanding with the Uttar Pradesh Government to establish a 3 GW solar cell/module plant, 60 MW solar power plant, R&D lab and infrastructure with about ₹3,800 crore investment.
Source: CESC Limited Press Release (NSE Exchange Fillings) | Published on Jan 21, 2025
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As quoted in the press release of CESC Limited (NSE Exchange Filings), CESC Green Power Limited, a subsidiary of CESC Limited, has entered into a Memorandum of Understanding (MoU) with the Governor of Uttar Pradesh to develop solar manufacturing and power infrastructure in the state. The MoU was signed on 20 January 2026, with the intent to invest approximately ₹3,800 crore in the project.
Under the agreement, the planned infrastructure includes:
A 3 GW solar cell and module manufacturing plant.
A 60 megawatt (MW) solar power plant.
Ancillary units including a research and development laboratory and other supporting facilities.
The agreement was disclosed to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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CESC Green Power signed an MoU with the Uttar Pradesh Government on 20 January 2026.
The project comprises a 3 GW solar cell and module plant and a 60 MW solar power plant.
Total planned investment is around ₹3,800 crore.
The infrastructure package also includes R&D facilities and other units.
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The solar cell and module plant proposed under this MoU is among the larger renewable manufacturing initiatives announced in Uttar Pradesh in recent months. The addition of a 60 MW solar power plant alongside the manufacturing facility signals an integrated approach, combining production and generation assets within the same industrial ecosystem.
Including a research and development laboratory within the project scope also aligns with broader industry trends where renewable manufacturers invest in infrastructure that supports long-term technological development and skills.
Uttar Pradesh has been active in signing MoUs across energy and infrastructure sectors this year, as part of efforts to attract capital and build industrial capacity. The state’s energy policy framework has encouraged investments from both domestic and international firms, particularly in renewable energy and manufacturing.
Initiative | Key Detail |
MoU Signed On | 20 January 2026 |
Location | Uttar Pradesh Government partnership |
Solar Cell & Module Plant | 3 GW capacity |
Solar Power Plant | 60 MW capacity |
Ancillary Units | R&D lab and infrastructure |
Estimated Investment | ~₹3,800 crore |
CESC Limited operates across electricity generation, transmission and distribution, while its subsidiary CESC Green Power focuses on renewable energy assets. The renewable energy segment has grown in prominence among Indian utilities as policy incentives and demand patterns evolve.
Renewable projects, especially in solar manufacturing and generation, have been highlighted as part of India’s strategy to build domestic capacity and reduce reliance on imports across the solar value chain. These initiatives often attract attention from industry stakeholders and capital markets given their scale and infrastructure implications.
In the renewable space, several other firms have signed MoUs and agreements with state governments to build manufacturing and generation facilities in recent months, underlining the breadth of investment activity in the sector.
CESC Limited share price stands at ₹145 per share on the BSE as of 21 January 2026 at 15:30 PM IST, down by 1.41%.
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