+
Gautam Solar Plans to Expand Module Capacity to 5 GW by 2025
POWER & RENEWABLE ENERGY

Gautam Solar Plans to Expand Module Capacity to 5 GW by 2025

Delhi-based solar manufacturer Gautam Solar has announced plans to expand its solar module manufacturing capacity to 5 GW by 2025. The expansion will occur in three phases, with the first phase expected to complete in November 2024, followed by the second and third phases in January and April 2025, respectively.

The company also revealed a Rs 10 billion solar cell expansion plan, which will be funded through an Initial Public Offering (IPO) expected to be launched in the next 12-18 months. This IPO will support the establishment of a 2 GW solar cell manufacturing plant, enabling Gautam Solar to meet its 5 GW production target within the stipulated timeframe.

Gautam Mohanka, Managing Director of Gautam Solar, stated that with India's solar energy capacity currently at 70 GW, the company aims to contribute around 5-7% of the national total through this expansion. Mohanka emphasized that the initiative is not only focused on scaling production but also on fostering innovation, creating jobs, and offering solar solutions tailored to India’s environmental and economic conditions.

Delhi-based solar manufacturer Gautam Solar has announced plans to expand its solar module manufacturing capacity to 5 GW by 2025. The expansion will occur in three phases, with the first phase expected to complete in November 2024, followed by the second and third phases in January and April 2025, respectively. The company also revealed a Rs 10 billion solar cell expansion plan, which will be funded through an Initial Public Offering (IPO) expected to be launched in the next 12-18 months. This IPO will support the establishment of a 2 GW solar cell manufacturing plant, enabling Gautam Solar to meet its 5 GW production target within the stipulated timeframe. Gautam Mohanka, Managing Director of Gautam Solar, stated that with India's solar energy capacity currently at 70 GW, the company aims to contribute around 5-7% of the national total through this expansion. Mohanka emphasized that the initiative is not only focused on scaling production but also on fostering innovation, creating jobs, and offering solar solutions tailored to India’s environmental and economic conditions.

Next Story
Infrastructure Transport

Syama Prasad Mookerjee Port Partners to Redevelop Nimtala Ghat

Kolkata: Syama Prasad Mookerjee Port, Kolkata (SMPK), signed a Memorandum of Understanding (MoU) on Tuesday with PS Group Realty Private Limited to redevelop and beautify Nimtala Ghat as part of PS Group’s Corporate Social Responsibility (CSR) initiative.The agreement was formalised at SMPK’s Head Office at 15, Strand Road, in the presence of SMPK chairman Rathendra Raman, deputy chairman Samrat Rahi, PS Group directors Saurav Dugar, Gaurav Dugar, Arun Sancheti, and senior SMPK officials.Under the MoU, PS Group will undertake the full redevelopment and permitted construction of Nimtala Imm..

Next Story
Infrastructure Urban

CSIR-NCL and Covestro Collaborate to Upcycle Polyurethane Waste

In a move towards sustainable plastic waste management, Pune-based CSIR-National Chemical Laboratory (CSIR-NCL) signed a Memorandum of Understanding (MoU) with Covestro (India) Private Limited on Wednesday to develop innovative upcycling technologies for polyurethane waste.Polyurethane is notoriously difficult to recycle, with current methods often proving inefficient, costly, and environmentally harmful. This collaboration aims to address existing challenges, including high energy usage and deterioration of material quality during recycling.Ashish Lele, director of CSIR-NCL, stated, “This p..

Next Story
Infrastructure Urban

Torrent Pharma Seeks CCI Approval for Rs 195 Billion JB Chemicals Deal

Ahmedabad-based Torrent Pharmaceuticals has sought clearance from the Competition Commission of India (CCI) to acquire a majority stake in J B Chemicals and Pharmaceuticals in a Rs 195 billion deal.Upon completion, Torrent Pharmaceuticals will become India’s second most valuable pharmaceutical company.The move follows Torrent’s June announcement to acquire a majority stake in J B Chemicals for Rs 195 billion.“The proposed combination pertains to the acquisition of shareholding by Torrent Pharmaceuticals Ltd in J B Chemicals & Pharmaceuticals Ltd, followed by the merger of the target ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?