solar manufacturing

India | Finance | News

Rayzon Solar secures SEBI approval for Rs 15 billion IPO
By October 28, 2025October 28, 2025

Rayzon Solar has received approval from the Securities and Exchange Board of India (SEBI) to move ahead with its proposed Rs 15 billion initial public offering. The regulator issued final observations, clearing the way for the company’s market debut. Proceeds from the issue will be used to set up a 3.5 GW solar cell manufacturing facility in Surat through Rayzon’s subsidiary, Rayzon Energy Private Limited. The plant will produce high-efficiency tunnel oxide passivated solar cells…

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News | Finance | India

Avaada Electro files confidential papers with SEBI for IPO
By October 22, 2025October 28, 2025

Avaada Electro, the solar manufacturing subsidiary of the Brookfield-backed Avaada Group, has filed confidential documents with the Securities and Exchange Board of India (SEBI) to raise between Rs 90–100 billion through an initial public offering (IPO). The proposed IPO is expected to include both fresh equity issuance and an offer for sale by existing shareholders. According to market sources, the company is targeting a valuation in the range of Rs 1.10–1.30 trillion. Funds raised will…

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India | News | Renewable Energy

Saatvik secures Rs 6.89 billion solar module orders across India
By October 17, 2025October 28, 2025

Saatvik Green Energy Limited and its subsidiary Saatvik Solar Industries Private Limited have received solar photovoltaic (PV) module supply orders worth Rs 6.89 billion from independent power producers and engineering, procurement, and construction developers across India. Of the total, Saatvik Green Energy received Rs 0.51 billion in orders, scheduled for execution by November 2025. Its subsidiary, Saatvik Solar Industries, secured Rs 6.38 billion in orders, with completion targeted by June 2026. Saatvik currently operates 3.8…

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India | News | Policy & Programmes

MNRE adds 6,922 MW to ALMM solar module list
By October 15, 2025October 28, 2025

The Ministry of New and Renewable Energy (MNRE) has updated the Approved List of Models and Manufacturers (ALMM) for solar photovoltaic modules, adding 6,922 MW of new capacity. With this revision, the cumulative capacity under the ALMM now stands at 116,467 MW. The latest update, listed as Revision XLIII and dated October 13, 2025, introduces new manufacturers and expanded capacities for several existing ones. Five new manufacturing facilities with a total capacity of 2,730 MW…

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India | News | Renewable Energy

Saatvik Green to invest Rs 31.5 billion in solar manufacturing expansion
By October 14, 2025October 28, 2025

Saatvik Green Energy Limited will invest Rs 31.5 billion to expand its solar manufacturing operations in Odisha. The expansion will be carried out in two phases and is aimed at strengthening the company’s domestic production capacity for solar modules and cells. In the first phase, the company plans to establish 4 GW of module capacity and 2.4 GW of cell capacity with an investment of Rs 18.5 billion. The second phase will add another 2.4…

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India | News | Renewable Energy

India adds 44.2 GW of solar module capacity in first half of 2025
By October 1, 2025October 28, 2025

India’s solar manufacturing sector added 44.2 gigawatts (GW) of module capacity and 7.5 GW of cell capacity in the first half of 2025, according to Mercom India’s report State of Solar PV Manufacturing in India 1H 2025. The report links the growth to the 186 GW large-scale solar project pipeline expected between 2025 and 2027, national solar targets for 2030, and rising demand for modules compliant with the Approved List of Models and Manufacturers (ALMM)….

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India | News | Renewable Energy

Waaree Energies starts 950 MW solar module line in Gujarat
By October 1, 2025October 28, 2025

Waaree Energies Limited has commissioned a 950 MW solar module manufacturing line at its plant in Degam, Chikli taluka, Navsari district, Gujarat. The facility began operations on 30 September 2025. In September 2025, the company also added four subsidiaries under Waaree Forever Energies Private Limited, including Waaree Forever Energies Three Private Limited incorporated on 24 September. Three other step-down subsidiaries were registered earlier in the month.

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News | India | Renewable Energy

Alpex Solar raises Rs 2.6 billion to expand module manufacturing capacity
By September 29, 2025October 28, 2025

Alpex Solar Limited has raised about Rs 2.6 billion through a preferential issue of 21,46,600 equity shares and warrants. The company said the funds will be directed toward scaling up its module manufacturing capacity and progressing toward integrated solar cell and module production. The preferential issue drew interest from several institutional investors and funds, including some with existing exposure to the renewable energy sector. Alpex Solar plans to increase its solar cell capacity to 1.6…

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India | News | Renewable Energy

Inox Solar commissions 1.2 GW solar module facility in Gujarat
By September 24, 2025October 28, 2025

Inox Solar Limited, a subsidiary of Inox Clean Energy Limited, has commissioned a 1.2 GW solar module manufacturing plant at Bavla, Ahmedabad, Gujarat. This is the first phase of a planned 3 GW module facility. The Bavla plant, completed in four months, will manufacture N-type tunnel oxide passivated contact solar modules using M10, G12R, and G12 cells. The modules are bi-facial and designed to support higher capacity utilisation. Work on the second phase of 1.8…

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News | India | Renewable Energy

IREDA sanctions Rs 1,134 crore loan for Insolation Green’s solar cell plant
By September 23, 2025October 28, 2025

Indian Renewable Energy Development Agency Limited (IREDA) has approved a loan of Rs 1,134 crore for Insolation Green Energy, a wholly owned subsidiary, to develop a 4.5 GW solar cell manufacturing unit in Madhya Pradesh. The company said the total project cost is estimated at Rs 1,512 crore, of which IREDA will provide Rs 1,134 crore, with the balance Rs 378 crore to be funded through internal accruals. The plant will be set up in…

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