India selects 11 companies to manufacture solar PV modules

Solar panels are installed on the rooftops of residential houses in Modhera
Solar panels are installed on the rooftops of residential houses in Modhera, India's first round-the-clock solar-powered village, in the western state of Gujarat, India, October 19, 2022. REUTERS/Sunil Kataria/File Photo

NEW DELHI, March 28 (Reuters) - India has selected 11 companies to manufacture 39,600 megawatts (MW) of domestic solar PV modules, including Indosolar (INDL.NS), Reliance (RELI.NS) and First Solar, the government said in a statement on Tuesday.

The allotments are part of tranche two of a production-linked incentive scheme with a total outlay of 140 billion rupees ($1.7 billion), the statement said.

($1 = 82.2150 Indian rupees)

Reporting by Shivam Patel in New Delhi; editing by Jason Neely

Our Standards: The Thomson Reuters Trust Principles.

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