+
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.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

KPIL announces new business wins worth Rs 22.25 bn

Kalpataru Projects International (KPIL) has secured new orders and a letter of comfort worth approximately Rs 20.31 billion in its power transmission and distribution (T&D) business across India and international markets. Additionally, its Swedish subsidiary, Linjemontage i Grästorp AB, has received an order worth approximately Rs 1.94 billion (SEK 200 million), taking the combined order value to Rs 22.25 billion.Commenting on the order wins, Manish Mohnot, Managing Director and CEO, KPIL, said the new orders reflect customer confidence in the company's execution capabilities and technical ex..

Next Story
Infrastructure Transport

Tiruchi Airport Handles over 20 t of Domestic Cargo in a Month

Tiruchi International Airport has handled more than 20 t of inbound and outbound domestic cargo since the facility was launched in late August. Outbound shipments have exceeded inbound volumes, with private carriers transporting goods to Chennai, Delhi, Bengaluru and Mumbai. The domestic cargo service began after the Bureau of Civil Aviation Security (BCAS), an independent department under the Ministry of Civil Aviation, granted clearance. The facility was introduced to give local businesses a faster route for sending goods to major domestic hubs, reducing their reliance on cargo routed throug..

Next Story
Infrastructure Urban

Gabriel India Forms Joint Venture with Forvia for Advanced Seating

Gabriel India, part of the US$2.6 bn Anand Group, has formed a joint venture with France-based Forvia to bring advanced seating systems and technologies to the Indian automotive market. The partnership expands Gabriel India’s participation in vehicle systems as automotive architectures become more sophisticated and customer requirements evolve. The joint venture, named Faurecia Anand Seating India, combines Forvia’s global seating technology expertise with Gabriel India’s manufacturing capabilities, customer relationships and understanding of the Indian automotive market. Forvia will hol..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code