Gautam Solar to take a position 4,000 crore to arrange photo voltaic cell manufacturing plant in Madhya Pradesh

Gautam Solar on Monday stated it’s going to make investments Rs 4,000 crore in a 5 GW photo voltaic cell manufacturing plant in Madhya Pradesh.

The undertaking will probably be developed on 54 acres of land in Gwalior, the place the corporate will give attention to producing superior TOPCon photo voltaic cells with a complete deliberate capability of 5 GW, an organization assertion stated.

The firm has introduced a big funding of ₹4,000 crore for establishing a photo voltaic cell manufacturing facility in Madhya Pradesh, the assertion stated.

Implementation of the undertaking has commenced with Phase 1, which can embrace establishing a photo voltaic cell manufacturing capability of two GW.

The growth is anticipated to be accomplished by calendar 12 months 2026. After the profitable completion of Phase 1, Gautam Solar plans to launch an IPO to lift funds for Phase 2, which could have a further 3 GW capability.

Looking ahead, the corporate envisions increasing into photo voltaic wafer manufacturing to create a completely built-in photo voltaic worth chain in India.

Gautam Mohanka, Director, Gautam Solar, stated, “With one of many largest photo voltaic cell manufacturing items in India utilizing the newest extremely superior TOPCon expertise, we envision to deepen the home photo voltaic manufacturing context whereas lowering reliance on imports for the ecosystem.

“Our imaginative and prescient is integrating photo voltaic worth chains in India from wafers to modules. We are supporting the nation’s transition to wash power and the Atmanirbhar Bharat.” Gautam Solar has a number of manufacturing items throughout the nation. It is focusing on a photo voltaic module manufacturing capability of 5 GWp by FY2025-26, up from its present capability of three.2 GWp.