Solarium To Launch Rs 700 Million Solar Module Plant
POWER & RENEWABLE ENERGY

Solarium To Launch Rs 700 Million Solar Module Plant

Solarium Green Energy Limited, a leading name in India’s rooftop solar sector, has announced plans to re-enter solar module manufacturing with a new Rs 700 million facility in Ahmedabad, Gujarat. The plant will have an annual production capacity of approximately 1,000 MW, and will be financed through a debt-to-equity ratio of 3:1, in addition to working capital provisions.

This strategic move marks a significant step in Solarium’s backward integration initiative. In solar EPC projects, solar modules represent roughly 50 to 60 per cent of total project costs. By setting up its own manufacturing line, Solarium aims to reduce cost volatility, improve project execution timelines, and secure a consistent module supply, thereby improving operating margins.

The new plant will produce Crystalline Silicon Solar PV Modules using state-of-the-art automation and technologies such as TOPCon cells, half-cut cells, and bifacial cells. Imported equipment like tabber-stringers, laminators, and sun simulators will be deployed to ensure high efficiency and output quality.

In parallel, Solarium is also initiating in-house production of mounting structures—which contribute around 10 per cent of project cost—at its existing facility in Bavla, Gujarat. This dual manufacturing capacity is expected to bolster the company’s EPC execution capabilities and support timely project delivery.

The move is strategically aligned with efforts to mitigate global supply chain disruptions, trade barriers, and geopolitical uncertainties. By localising the production of core components, Solarium aims to enhance cost control and project efficiency while maintaining flexibility to supply modules to external EPC players and B2B clients.

India’s solar energy capacity is projected to reach 750 GW by 2047, positioning companies like Solarium for long-term growth. The new capacity will also strengthen Solarium’s position in both B2G and B2B bidding processes, while supporting the company’s expansion into the residential segment through consistent quality and integrated service offerings.

The facility, which will feature fully automated operations, is expected to commence commercial production in Q4 of the current financial year.

Ankit Garg, Chairman and Managing Director of Solarium, expressed optimism: “We are thrilled to re-enter the manufacturing space. This backward integration will secure our supply chain and improve profitability. At 85 per cent capacity utilisation, the plant has the potential to generate over Rs 10 billion in revenue, and we expect gross margins to improve by 5 to 8 per cent in projects using in-house modules.”

The initiative marks a milestone in Solarium’s journey toward full-spectrum solar project capabilities, reinforcing its leadership in sustainable energy solutions.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Solarium Green Energy Limited, a leading name in India’s rooftop solar sector, has announced plans to re-enter solar module manufacturing with a new Rs 700 million facility in Ahmedabad, Gujarat. The plant will have an annual production capacity of approximately 1,000 MW, and will be financed through a debt-to-equity ratio of 3:1, in addition to working capital provisions.This strategic move marks a significant step in Solarium’s backward integration initiative. In solar EPC projects, solar modules represent roughly 50 to 60 per cent of total project costs. By setting up its own manufacturing line, Solarium aims to reduce cost volatility, improve project execution timelines, and secure a consistent module supply, thereby improving operating margins.The new plant will produce Crystalline Silicon Solar PV Modules using state-of-the-art automation and technologies such as TOPCon cells, half-cut cells, and bifacial cells. Imported equipment like tabber-stringers, laminators, and sun simulators will be deployed to ensure high efficiency and output quality.In parallel, Solarium is also initiating in-house production of mounting structures—which contribute around 10 per cent of project cost—at its existing facility in Bavla, Gujarat. This dual manufacturing capacity is expected to bolster the company’s EPC execution capabilities and support timely project delivery.The move is strategically aligned with efforts to mitigate global supply chain disruptions, trade barriers, and geopolitical uncertainties. By localising the production of core components, Solarium aims to enhance cost control and project efficiency while maintaining flexibility to supply modules to external EPC players and B2B clients.India’s solar energy capacity is projected to reach 750 GW by 2047, positioning companies like Solarium for long-term growth. The new capacity will also strengthen Solarium’s position in both B2G and B2B bidding processes, while supporting the company’s expansion into the residential segment through consistent quality and integrated service offerings.The facility, which will feature fully automated operations, is expected to commence commercial production in Q4 of the current financial year.Ankit Garg, Chairman and Managing Director of Solarium, expressed optimism: “We are thrilled to re-enter the manufacturing space. This backward integration will secure our supply chain and improve profitability. At 85 per cent capacity utilisation, the plant has the potential to generate over Rs 10 billion in revenue, and we expect gross margins to improve by 5 to 8 per cent in projects using in-house modules.”The initiative marks a milestone in Solarium’s journey toward full-spectrum solar project capabilities, reinforcing its leadership in sustainable energy solutions.

Next Story
Infrastructure Urban

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Next Story
Infrastructure Transport

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Next Story
Infrastructure Transport

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement