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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement