Goldi Solar targets 14-GW solar module capacity by FY26: Ishver Dholakiya
POWER & RENEWABLE ENERGY

Goldi Solar targets 14-GW solar module capacity by FY26: Ishver Dholakiya

Goldi Solar plans to enhance its module manufacturing capacity from the current 3 gigawatts (GW) to 14 GW by the middle of the financial year 2025-26 (FY26) and aims to achieve a solar cell manufacturing capacity of 4 GW by FY27. This expansion of module capacity is proposed at a new facility in Kosamba, Gujarat.

Approximately Rs 1 billion in capital expenditure is necessary for every 1 GW of solar manufacturing capacity.

Dholakiya noted that the company’s turnover had increased from Rs 6 billion in FY22 to Rs 17.50 crore in FY24, reflecting a growth of 191.67 per cent over the past three years. He emphasised that the company is not only expanding its production capacity but also building a foundation for innovation and leadership in the renewable energy sector.

The current order book of the company stands at about Rs 53.50 billion, which comprises Rs 45.50 billion in module manufacturing and Rs 8 billion in EPC contracts. He expressed the company's goal to advance solar technology while empowering industries and communities to embrace sustainable solutions that will influence the energy landscape for generations.

According to the Gujarat-based firm, the expansion will create new market opportunities in northern, eastern, and southern India. Additionally, the company intends to increase its workforce by hiring over 4,000 employees. Dholakiya added that with new leadership and thousands of new professionals joining the team, they are cultivating a culture of innovation that will establish new benchmarks in the industry, positioning them to redefine what is achievable in solar energy, both in India and globally.

Currently, the firm operates two manufacturing plants in Pipodara and Navsari, Gujarat, with a combined capacity of 3 GW.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Goldi Solar plans to enhance its module manufacturing capacity from the current 3 gigawatts (GW) to 14 GW by the middle of the financial year 2025-26 (FY26) and aims to achieve a solar cell manufacturing capacity of 4 GW by FY27. This expansion of module capacity is proposed at a new facility in Kosamba, Gujarat. Approximately Rs 1 billion in capital expenditure is necessary for every 1 GW of solar manufacturing capacity. Dholakiya noted that the company’s turnover had increased from Rs 6 billion in FY22 to Rs 17.50 crore in FY24, reflecting a growth of 191.67 per cent over the past three years. He emphasised that the company is not only expanding its production capacity but also building a foundation for innovation and leadership in the renewable energy sector. The current order book of the company stands at about Rs 53.50 billion, which comprises Rs 45.50 billion in module manufacturing and Rs 8 billion in EPC contracts. He expressed the company's goal to advance solar technology while empowering industries and communities to embrace sustainable solutions that will influence the energy landscape for generations. According to the Gujarat-based firm, the expansion will create new market opportunities in northern, eastern, and southern India. Additionally, the company intends to increase its workforce by hiring over 4,000 employees. Dholakiya added that with new leadership and thousands of new professionals joining the team, they are cultivating a culture of innovation that will establish new benchmarks in the industry, positioning them to redefine what is achievable in solar energy, both in India and globally. Currently, the firm operates two manufacturing plants in Pipodara and Navsari, Gujarat, with a combined capacity of 3 GW.

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?