ACME Aims Rs 100 Bn Revenue from Solar Manufacturing
POWER & RENEWABLE ENERGY

ACME Aims Rs 100 Bn Revenue from Solar Manufacturing

Gurugram-based renewable energy company ACME Group is set to make a major push into solar manufacturing, with a goal of achieving Rs 100 billion in revenue by 2030 through the production of solar modules and cells. This move aligns with the government's ‘Make in India’ initiative and supports the country’s broader push towards clean energy and self-reliant infrastructure.

The company has already commissioned a solar module manufacturing unit in Jaipur, Rajasthan, with an annual capacity of 1.2 GW. The facility, built with an investment of Rs 2.3 billion, currently employs over 700 people. ACME now plans to scale up this capacity and establish a new solar cell manufacturing plant through its subsidiary, ACME Renewable Equipment Manufacturing Pvt Ltd.

The company has also been included in the Ministry of New and Renewable Energy’s (MNRE) Approved List of Models and Manufacturers (ALMM), a certification that enables it to supply modules for government-backed schemes, SECI bids, rooftop solar installations, the KUSUM programme, and export markets.

ACME’s Chairman, Manoj K Upadhyay, said the move not only reinforces India's manufacturing capabilities but also helps reduce the overall cost of renewable energy. According to industry estimates, India’s solar module production capacity is projected to rise from 80 GW in 2025 to 125 GW by 2030, while solar cell manufacturing is expected to grow from 25 GW to 40 GW.

This strategic expansion strengthens ACME’s position in the clean energy value chain and supports India’s ambitions to lead in sustainable power technologies.

Gurugram-based renewable energy company ACME Group is set to make a major push into solar manufacturing, with a goal of achieving Rs 100 billion in revenue by 2030 through the production of solar modules and cells. This move aligns with the government's ‘Make in India’ initiative and supports the country’s broader push towards clean energy and self-reliant infrastructure. The company has already commissioned a solar module manufacturing unit in Jaipur, Rajasthan, with an annual capacity of 1.2 GW. The facility, built with an investment of Rs 2.3 billion, currently employs over 700 people. ACME now plans to scale up this capacity and establish a new solar cell manufacturing plant through its subsidiary, ACME Renewable Equipment Manufacturing Pvt Ltd. The company has also been included in the Ministry of New and Renewable Energy’s (MNRE) Approved List of Models and Manufacturers (ALMM), a certification that enables it to supply modules for government-backed schemes, SECI bids, rooftop solar installations, the KUSUM programme, and export markets. ACME’s Chairman, Manoj K Upadhyay, said the move not only reinforces India's manufacturing capabilities but also helps reduce the overall cost of renewable energy. According to industry estimates, India’s solar module production capacity is projected to rise from 80 GW in 2025 to 125 GW by 2030, while solar cell manufacturing is expected to grow from 25 GW to 40 GW. This strategic expansion strengthens ACME’s position in the clean energy value chain and supports India’s ambitions to lead in sustainable power technologies.

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?