Tata Power’s TP Solar Hits 1 GW Module, 0.9 GW Cell Output in Q2 FY27, Driving India’s Net‑Zero Manufacturing Push

TP Solar Limited (TP Solar), the solar manufacturing arm of The Tata Power Company Limited (Tata Power) and a wholly owned subsidiary of Tata Power Renewable Energy Limited (TPREL), achieved a strong manufacturing performance in Q2 FY27 (July - September 2026), producing 1 GW of solar modules and 0.9 GW of solar cells.

In H1FY26, i.e. from April to September 2026, TP Solar manufactured 2 GW of Modules and 1.8 GW of Cells. This production performance underscores TP Solar’s consistent capacity ramp-up and improving operational efficiency. The modules are compliant with Domestic Content Requirement (DCR) norms and approved under the Approved List of Models and Manufacturers (ALMM).

TP Solar operates one of India’s largest single-location state of the art, 4.3 GW Solar Cell and Module manufacturing facility in Tirunelveli, Tamil Nadu.

The facility is also distinguished by a workforce comprising nearly 80% women, reflecting the Company’s strong commitment to inclusive workforce. Tata Power, through its subsidiary, TPREL, has invested nearly ₹ 4,300 crore in establishing this facility. The investment represents a significant milestone in advancing indigenization across the solar value chain and reinforces the Tata Power’s strategic focus on achieving self-sufficiency in solar cell and module manufacturing.

Equipped with advanced TOPCon and Mono PERC technologies, the plant produces ALMM - certified modules as also DCR modules using Made in India Cells in this plant. The plant also features cutting-edge AI/ML-driven systems and Automated Guided Vehicles (AGVs), and exemplifies next-generation manufacturing through intelligent automation and superior operational efficiency.

The facility aligns with Tata Power’s commitment to supporting India’s vision for a Net-Zero carbon future with local manufacturing capabilities.

Godrej Strengthens Indonesia Ties, Committing IDR 500B To Kendal Manufacturing

New investment backs GCPL’s long term commitment to Indonesia, combining technology enabled manufacturing with inclusive and responsible growth

Godrej Consumer Products Indonesia (GCPI), operating as a subsidiary of India-based Godrej Consumer Products Limited (GCPL), today inaugurated the first phase of its new manufacturing facility in the Kendal Special Economic Zone, part of an IDR (Indonesian Rupiah) 500 billion (approx. INR 250 crore) investment in Kendal to strengthen the company’s manufacturing footprint in Indonesia.

The investment builds on GCPI’s presence in Indonesia since 2010. Since then, the business has grown 4.5 times while brands including HIT, Stella, Mitu and NYU reach approximately 1 in 4 Indonesian households. The first phase has been developed across 2.5 hectares of GCPI’s 5.5 hectare site in Kendal and is dedicated to Household Insecticides, strengthening GCPI’s manufacturing capabilities to serve the Indonesian market and support exports.

The inauguration brought together the Ambassador of India to Indonesia, the Deputy Governor of Central Java, the Regent of Kendal and a senior representative from Indonesia’s Ministry of Investment and Downstream Industry/BKPM, alongside key stakeholders, partners and senior leaders from GCPL and GCPI, reflecting the shared importance of investment, local economic development and long term growth in Indonesia.

“India and Indonesia share deep rooted historical and cultural ties, and there is tremendous potential to build an equally strong economic partnership. Godrej, one of India’s most prominent business houses, has been present in Indonesia since 2010. Its products have made significant impact in the Indonesian market due to quality and affordability. Its new manufacturing facility in Kendal is a concrete example of this partnership in action. The facility will serve both Indonesia and export markets, strengthening the connection between investment, manufacturing and trade. We would like to see many more such examples of Indian and Indonesian businesses investing, growing and creating value together.” said Sandeep Chakravorty, Ambassador of India to Indonesia.

For GCPL, the Kendal facility represents the next phase of its long term commitment to Indonesia, strengthening local manufacturing while building greater capacity for future growth.

“Indonesia is an important part of our business, and we believe there is significant headroom to grow. Kendal is a big step in that direction. Our IDR 500 billion investment in the new Indonesian plant will expand home and personal care categories capacity by approximately 15%. This expansion addresses current capacity utilization of 75-80%, positioning us to meet rising regional demand and scale. GCPI is truly an Indonesian company, and we believe this investment is in the interest of the economic development of this region and this country. Where we see opportunity, we do not shy away from investing. We also believe Kendal will become a platform for exports around the region,” said Aasif Malbari, Managing Director & CEO, Godrej Consumer Products Limited (GCPL).

Indonesia’s consumer landscape is evolving rapidly, shaped by changing lifestyles, shopping behaviour and technology. Built in just over a year, Kendal has been designed with technology and data embedded into its operations from the start, creating greater visibility and enabling GCPI to operate more effectively and at speed.

“What excites me about Kendal is not only what we have built, but how we have built it. In just over a year, we have created a manufacturing platform with technology and data embedded from the start, giving us better visibility and enabling us to operate more effectively and at speed. For a consumer business, that matters. It brings us closer to real demand, helps us make faster decisions and gives us the capability to turn consumer insight into relevant innovation at scale,” said Rajesh Sethuraman, Business Head, Indonesia & Global Head, Business Transformation and Digital, Godrej Consumer Products Limited (GCPL).

Beyond manufacturing capacity, Kendal is also an investment in people and responsible operations, with a focus on building local capabilities, creating more inclusive opportunities and reducing the facility’s environmental footprint.

“For us, how we grow matters as much as how much we grow. At Kendal, inclusion is being designed into the workplace, with an ambition for women to represent 50% of the workforce alongside meaningful opportunities for persons with disabilities. The same thinking extends to how we operate, with responsible manufacturing built into the facility from the start, from resource efficiency and energy visibility to biodiversity and waste management. This is about making inclusion and responsibility part of how we do business, every day,” said Vaibhav Ram, Global Head, Human Resources, Godrej Consumer Products Limited (GCPL).

The Kendal facility marks the next chapter in GCPL’s journey in Indonesia, strengthening its ability to serve changing consumer needs while building local capabilities and embedding inclusion and responsibility into how it grows.

AI Cracks the Code: OpenAI Publishes Landmark Math Breakthroughs

OpenAI has built a very advanced AI system that can solve tough math problems. Instead of keeping the results secret, they shared hundreds of these solutions online. Some of these problems are so famous that mathematicians have been struggling with them for decades.

OpenAI has released 722 manuscripts from its unreleased frontier AI model, covering 372 families of mathematical results—including claimed solutions to famous open problems like the Navier–Stokes equations and progress on the Birch–Swinnerton-Dyer conjecture. These results are published on GitHub with Lean-verified proofs and summaries of the model’s reasoning.

As OpenAI looks to improve how it shares results with the math community, OpenAI has been consulting with the independent Advisory Group on Mathematics and Artificial Intelligence at the Institute for Advanced Study to develop best practices, and OpenAI has drawn on their advice and public recommendations to inform how these results are released. 

Sharing AI Progress in Mathematics

OpenAI has released hundreds of manuscripts generated by its frontier AI model, showcasing new mathematical results and verified proofs. This marks a significant step in combining artificial intelligence with formal mathematics.

What Was Released

• Manuscripts: A broad range of new mathematical results produced by the model.
• Verification: Many proofs formalized in Lean, enabling computer-checkable proofs.
• Transparency: GitHub repository includes reasoning summaries, compute estimates, and problem statistics.
• Protocols: Clear guidelines for revisions and citations to ensure academic rigor.

Why This Matters

• Scientific frontier: AI is producing results on open problems in mathematics.
• Community empowerment: Results are openly shared for validation and extension.
• Transparency: Publishing reasoning summaries and compute usage demystifies AI processes.
• Future commitment: OpenAI pledges to improve exposition and presentation quality.

Key Features of the Release

• Lean formalizations: Results can be rigorously checked by machines.
• Workshops & conferences: OpenAI will fund events to help mathematicians engage with AI-generated results.
• Responsible release: The frontier model itself is not yet public.
• Community feedback loop: Standards for disclosure will evolve with mathematicians’ input.

Challenges Ahead

• Verification bottleneck: Hundreds of results require careful human review.
• Exposition quality: Manuscripts may need clearer citations and explanations.
• Attribution & ethics: Raises questions about credit between AI and humans.
• Balance of openness vs safety: Transparency must be weighed against risks.

Implications for Mathematics

This release signals a paradigm shift: AI is no longer just assisting mathematicians but actively producing new results. If validated, these manuscripts could reshape how research is conducted, reviewed, and disseminated. It also sets a precedent for AI-driven science in other fields, from physics to biology.

This is a turning point: AI is not just helping with math, it’s actually producing new discoveries. If proven right, these results could reshape science and inspire similar breakthroughs in physics, biology, and beyond.

Tata Power Partners Norway's Ocean Sun to Pilot Membrane‑Based Floating Solar in India

• Will undertake a ~300 kWp floating solar pilot at Tata Power’s Mulshi reservoir in Maharashtra

Tata Power, one of India’s largest integrated power companies, has partnered with Norway-based renewable energy technology company Ocean Sun to bring its innovative membrane-based floating solar technology to India. The collaboration agreement was signed on the sidelines of the 2nd India–EFTA Prosperity Summit, reinforcing the growing India–Norway and India–EFTA partnership in technology, innovation and clean energy.

The collaboration will see Tata Power and Ocean Sun undertake a ~300 kWp floating solar pilot at Tata Power’s Mulshi reservoir in Maharashtra. The pilot will evaluate Ocean Sun’s proprietary membrane-based floating solar technology for performance, reliability, cost competitiveness and scalability under Indian conditions, while generating practical operating insights for potential future deployment.

India has significant potential for floating solar deployment. According to estimates by the National Institute of Solar Energy (NISE), the country has more than 102 GWp of floating solar potential, providing a substantial opportunity for the technology to complement ground-mounted and rooftop solar as India scales its renewable energy ecosystem. Against this backdrop, technology pilots such as the Mulshi project can help build the technical and commercial evidence base required for wider deployment.

The ~300 kWp pilot will enable Tata Power to evaluate Ocean Sun’s technology against conventional floating solar solutions across key parameters, including energy generation, capacity utilisation factor (CUF), installation methodology and time, reliability, operations and maintenance (O&M) requirements, capital cost and overall commercial viability.

Unlike conventional floating solar systems that typically use interconnected pontoon structures, Ocean Sun’s technology deploys solar PV modules on a thin, hydro-elastic membrane that floats directly on the water surface. The lightweight design has the potential to simplify transportation and installation while reducing structural requirements. The close proximity of the PV modules to the water surface may also provide a cooling effect, which could contribute to improved generation performance.

Commenting on the initiative, Dr Praveer Sinha, CEO&MD Tata Power, said: “At Tata Power, innovation is central to accelerating India’s clean energy transition. Our collaboration with Ocean Sun reflects our commitment to bringing advanced global technologies to India and evaluating their potential in real-world conditions. Through this floating solar pilot, we aim to generate valuable operating insights and assess its potential to deliver reliable, scalable and cost-effective clean power solutions.”

"India is one of the world's most attractive floating solar markets, but it is also a large and complex market where local execution capabilities are essential. Tata Power brings the experience, capabilities and market understanding required to navigate that complexity. We are therefore particularly pleased to establish this collaboration and to work together on the floating solar project," said Kristian Tørvold, CEO, Ocean Sun.

The collaboration comes at an important juncture for India’s floating solar sector, which is expected to assume a growing role in the country’s renewable energy transition. By enabling solar generation from suitable water bodies, floating solar can help reduce dependence on land while offering opportunities for co-benefits such as reduced water evaporation and potentially enhanced PV performance.

The Summit brought together stakeholders from India and the European Free Trade Association (EFTA) countries, with the Ministry of Commerce & Industry and Invest India playing an important role in facilitating and strengthening India’s engagement with EFTA and supporting opportunities for international investment and technology collaboration.

IIT Hyderabad and S&P Global Launch AI Innovation Lab to Transform Finance Research

The AI Innovation Lab brings together IIT Hyderabad’s AI expertise and S&P Global’s industry experience to advance applied AI research and talent development in finance.

As Artificial Intelligence (AI) continues to reshape the financial sector, IIT Hyderabad (IITH) has launched an AI Innovation Lab in collaboration with S&P Global to create opportunities for students and faculty to work on real-world challenges at the intersection of AI and finance. The Lab will bring together IIT Hyderabad’s academic and AI expertise with S&P Global’s industry experience through hands-on projects, open exploration and mentored research.

The AI Innovation Lab was inaugurated on October 7, 2026, in the presence of Prof. B S Murty, Director, IITH, Mr. Nilam Patel, Managing Director, India Operations, S&P Global, Ms. Sravanthi Lanka, Senior Director, Site Head, Hyderabad Operations, S&P Global, along with representatives from S&P Global and IITH.

The Lab will provide students with opportunities to participate in industry-led challenges, workshops, expert interactions and hands-on learning, while selected students and faculty will also engage in collaborative research. The initiative will provide a platform for students to explore and prototype solutions to financial-sector challenges and develop practical experience working with emerging AI technologies.

Speaking on the occasion, Prof. B S Murty, Director, IIT Hyderabad, said: “Artificial Intelligence is creating new opportunities across sectors, including finance, and preparing students to work on real-world problems is an important part of our approach to technology education and research. The AI Innovation Lab with S&P Global will bring together academic expertise and industry experience, giving our students and faculty opportunities to explore challenging problems, develop practical solutions and undertake meaningful research. We see this collaboration as an important step towards strengthening applied AI research and developing future-ready talent.”

Speaking on the collaboration, S&P Global Chief People Officer Girish Ganesan, said, “At S&P Global, we’re proud to be at the forefront of AI innovation by empowering the next generation with the skills they need to thrive in an AI-enabled world." He added, "The launch of the S&P Global-sponsored AI Innovation Lab at IIT Hyderabad is a reflection of our commitment to supporting talent and offering students meaningful opportunities to learn, create, and lead. Students are the future, and by drawing on S&P Global’s leadership, expertise, and capabilities in AI, we’re excited to help unlock their potential, enable real-world learning, and support them as they take their first steps toward impactful careers.”

The collaboration builds on IIT Hyderabad’s role as a Strategic Collaborator for StepForward, an initiative of S&P Global and the S&P Global Foundation backed by a $10 million, three-year commitment to workforce readiness and AI education.

The AI Innovation Lab is expected to strengthen the connection between academic research, industry challenges and emerging AI technologies, while creating opportunities for students to gain practical experience and develop skills relevant to the future of AI-driven finance.

About IIT Hyderabad:

IITH, established in 2008, has reached a respectable position in academics, research, technology development, and Startups in a short span of 17+ years.

• In the National Institutional Ranking Framework (NIRF-2025), IITH is ranked 7th among Engineering institutes (crossing a first-generation IIT this year).
• Ranked 6th in Innovation, while maintaining its rank within the top 10 Engineering Institutes ever since NIRF was launched.
• Ranked 588th in the QS World University Rankings 2027 and 270th in the QS Asian University Rankings 2026 (123rd globally in citations per faculty).
• Entered the global Top 400 in Engineering & Technology with a rank of 395 in QS World University Rankings by Subject 2026, improving from the 501–550 band in 2025.
• Secured 46 positions by 31 faculties in the Stanford/Elsevier Global Top 2% Scientists list 2025 across two categories.

With 355+ full-time Faculty, 350+ non-teaching Staff and 6110+ Students (PG + PhD students accounting for about 60%), IITH has a strong research focus with:

• 5980+ R&D Projects worth Rs. 1880+ Cr (Rs. 245+ Cr funding in 2025-26).
• 14,340+ Publications, 2,95,540+ Citations, 167 h-index.
• 830+ Patents, 450+ granted patents (250 Patents in 2025, i.e., almost a patent on every working day in 2025).
• 300+ Start-ups (generated 1100+ jobs with a revenue of Rs. 1500+ Cr).

Thrust areas of research at IITH:

• Next-Generation Telecommunications
• Autonomous Navigation
• Robotics & Intelligent systems
• Semiconductors & Devices
• Additive Manufacturing
• Advanced Materials & Critical Minerals
• Materials characterisation
• Catalysis
• Healthcare
• Energy
• Sustainability
• Climate Change
• Smart Mobility
• EV technology
• Quantum technologies
• Nuclear Energy
• Computational Engineering
• Design
• AR/VR
• Waste management
• Rural development

About S&P Global

S&P Global (NYSE: SPGI) enables businesses, governments, and individuals with trusted data, expertise and technology to make decisions with conviction. We are Advancing Essential Intelligence through world-leading benchmarks, data, and insights that customers need in order to plan confidently, act decisively, and thrive in a rapidly changing global landscape.

From helping our customers assess new investments across the capital and commodities markets to navigating the energy expansion, acceleration of Artificial Intelligence, and evolution of public and private markets, we enable the world’s leading organizations to unlock opportunities, solve challenges, and plan for tomorrow – today.

Learn more at www.spglobal.com

About S&P Global Foundation

The S&P Global Foundation, the keystone of S&P Global's philanthropic efforts, supports the building of resilient communities. At the Foundation, we focus our program efforts where we can have an impact in the communities where we live and work.

Focus areas:

• Technology & Data
• Environmental Resilience

Visit the S&P Global Foundation website for more information.