INOXGFL Group has launched Inox Solar to venture into solar manufacturing, targeting an initial capacity of five GW for solar modules and 2.5 GW for solar cells by 2026. The promoters plan to invest Rs 15 billion in this initiative.
The first solar module manufacturing plant, with a 1.2 GW capacity for TopCon modules, is being set up in Gujarat and is expected to become operational by March 2025.
Through group company Inox Renewable Solutions, the company will provide turnkey EPC services, including land acquisition and power evacuation.
Inox Green Energy Services will manage post-commissioning operations and maintenance (O&M) services.
Inox Solar will complement Inox Wind to deliver hybrid wind and solar renewable energy solutions, focusing on the commercial and industrial (C&I) segment.