Jindal India, Shirdi Sai, Reliance and Adani emerge as lowest bidders for IREDA’s PLI scheme

Jindal India Solar Energy, Shirdi Sai Electricals, Reliance New Energy Solar and Adani Infrastructure have emerged as the lowest bidders for Indian Renewable Energy Development Agency’s (IREDA) production-linked incentive (PLI) programme.

Under the Rs 45 billion PLI scheme, companies will need to set up manufacturing capacities for a minimum of 10 GW of vertically-integrated high-efficiency solar modules. A total of 16 bidders have qualified, and the respective PLI requested by them have been released. As the next step, IREDA will decide on the PLI to be disbursed to each of these bidders. Jindal India has sought the lowest incentive of Rs 13.9 billion, Shirdi Sai of Rs 18.75 billion, Reliance of Rs 19.17 billion and Adani has bid Rs 26 billion. The four stages in module making include polysilicon, wafers, cells and modules.

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