Insolation Energy Reports Major Revenue Surge in FY25

27 May 2025 CW Team

Chairman Manish Gupta attributed the strong performance to continued expansion across all segments and deeper penetration into Central and Southern India, establishing the company as a national player. To support its growth ambitions, Insolation is setting up a 3 GW solar module line at its new Unit 3 in Jaipur, with 80 per cent of construction completed. The facility is expected to become operational by the end of Q1 FY26.

Furthering its backward integration strategy, the company is developing a 3 GW solar cell line and a 54,000 MT aluminium frame manufacturing facility in Narmadapuram, Madhya Pradesh. Construction is scheduled to begin by the end of Q1 FY26, with commercial operations targeted for H1 FY27.

Insolation’s EPC and IPP arm, Insolation Green Infra, is also gaining momentum, with an expected revenue target of Rs 10 billion over the next three years. The company has ambitious revenue projections of over Rs 30 billion in FY26, Rs 55 billion in FY27, and Rs 85 billion in FY28.

Net profit is forecast to grow in parallel, with targets set at Rs 3.5 billion in FY26, Rs 8 billion in FY27, and Rs 13.5 billion in FY28.

Managing Director Vikas Jain noted the benefits of scale, as EBITDA margins rose by 120 basis points to 12.1 per cent. Operational efficiencies contributed to a return on capital employed (ROCE) of 60.1 per cent and operating cash flow of Rs 1.13 billion.

With a current consolidated order book exceeding Rs 20 billion—including module supplies, KUSUM projects, and EPC contracts in both public and private sectors—Insolation Energy is well-positioned for sustained growth.

Its upcoming Jaipur manufacturing unit is expected to be one of India’s most advanced solar panel production facilities. The company remains focused on cost optimisation, technology integration, and talent development to deliver long-term value to shareholders.

Insolation Energy Limited (BSE: 543620), a leading Indian manufacturer of high-efficiency solar photovoltaic modules, has reported a robust 80.9 per cent year-on-year rise in consolidated revenue, reaching Rs 13.34 billion for the financial year ended 31 March 2025.Chairman Manish Gupta attributed the strong performance to continued expansion across all segments and deeper penetration into Central and Southern India, establishing the company as a national player. To support its growth ambitions, Insolation is setting up a 3 GW solar module line at its new Unit 3 in Jaipur, with 80 per cent of construction completed. The facility is expected to become operational by the end of Q1 FY26.Furthering its backward integration strategy, the company is developing a 3 GW solar cell line and a 54,000 MT aluminium frame manufacturing facility in Narmadapuram, Madhya Pradesh. Construction is scheduled to begin by the end of Q1 FY26, with commercial operations targeted for H1 FY27.Insolation’s EPC and IPP arm, Insolation Green Infra, is also gaining momentum, with an expected revenue target of Rs 10 billion over the next three years. The company has ambitious revenue projections of over Rs 30 billion in FY26, Rs 55 billion in FY27, and Rs 85 billion in FY28.Net profit is forecast to grow in parallel, with targets set at Rs 3.5 billion in FY26, Rs 8 billion in FY27, and Rs 13.5 billion in FY28.Managing Director Vikas Jain noted the benefits of scale, as EBITDA margins rose by 120 basis points to 12.1 per cent. Operational efficiencies contributed to a return on capital employed (ROCE) of 60.1 per cent and operating cash flow of Rs 1.13 billion.With a current consolidated order book exceeding Rs 20 billion—including module supplies, KUSUM projects, and EPC contracts in both public and private sectors—Insolation Energy is well-positioned for sustained growth.Its upcoming Jaipur manufacturing unit is expected to be one of India’s most advanced solar panel production facilities. The company remains focused on cost optimisation, technology integration, and talent development to deliver long-term value to shareholders.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Infrastructure Urban

06 Apr 2026

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Infrastructure Energy

06 Apr 2026

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..