Navitas Solar Plans Rs. 100 bn Investment in Two States
ECONOMY & POLICY

Navitas Solar Plans Rs. 100 bn Investment in Two States

Solar module maker Navitas Solar plans to invest Rs. 100 bn over the next five years in Gujarat and Maharashtra to develop an integrated clean energy business, according to a company statement issued on Thursday. The programme is intended to expand the company’s activities beyond module manufacturing into upstream production, battery storage and renewable power generation, covering multiple stages of the solar value chain.

The proposed investment will support capacity across solar ingots, wafers, cells and modules, along with battery energy storage systems. Navitas said the plan would broaden its presence across India’s clean energy sector. The company’s statement placed the manufacturing expansion, storage facility and renewable power projects within a single investment programme spread across the two states.

As part of the programme, Navitas is building a 2.4 gigawatt (GW) solar cell plant at Sisodara in Gujarat. The first phase, involving an investment of about Rs. 12 bn, is scheduled to begin operations by July 2027. The project will add cell-making capacity to the company’s existing solar module manufacturing operations and form part of its planned expansion in the state.

The company also plans to establish a 5 gigawatt-hour (GWh) battery storage facility in Vadodara. It has not provided a commissioning timeline for the facility in the information available. The storage project is included alongside manufacturing expansion and renewable generation in the proposed investment programme, giving the Gujarat plan a combination of production and energy-storage assets.

In Maharashtra, Navitas is developing solar parks with capacities of 200 MW and 25 MW. The two projects represent the company’s planned renewable power generation presence in the state, complementing the manufacturing and storage assets proposed for Gujarat. Navitas currently has annual solar module manufacturing capacity of 3 GW, which it said would be supplemented by the planned investments as the broader expansion progresses over the five-year period.

Solar module maker Navitas Solar plans to invest Rs. 100 bn over the next five years in Gujarat and Maharashtra to develop an integrated clean energy business, according to a company statement issued on Thursday. The programme is intended to expand the company’s activities beyond module manufacturing into upstream production, battery storage and renewable power generation, covering multiple stages of the solar value chain. The proposed investment will support capacity across solar ingots, wafers, cells and modules, along with battery energy storage systems. Navitas said the plan would broaden its presence across India’s clean energy sector. The company’s statement placed the manufacturing expansion, storage facility and renewable power projects within a single investment programme spread across the two states. As part of the programme, Navitas is building a 2.4 gigawatt (GW) solar cell plant at Sisodara in Gujarat. The first phase, involving an investment of about Rs. 12 bn, is scheduled to begin operations by July 2027. The project will add cell-making capacity to the company’s existing solar module manufacturing operations and form part of its planned expansion in the state. The company also plans to establish a 5 gigawatt-hour (GWh) battery storage facility in Vadodara. It has not provided a commissioning timeline for the facility in the information available. The storage project is included alongside manufacturing expansion and renewable generation in the proposed investment programme, giving the Gujarat plan a combination of production and energy-storage assets. In Maharashtra, Navitas is developing solar parks with capacities of 200 MW and 25 MW. The two projects represent the company’s planned renewable power generation presence in the state, complementing the manufacturing and storage assets proposed for Gujarat. Navitas currently has annual solar module manufacturing capacity of 3 GW, which it said would be supplemented by the planned investments as the broader expansion progresses over the five-year period.

Related Stories

Gold Stories

Next Story
Building Material

From Rough to Refined: How Modern Plastering Is Changing Wall Finishes

When Rohan first walked into his newly constructed home, he imagined what it would become—a warm living room, a bright bedroom, and walls smooth enough to complement his carefully chosen interiors.But there was one problem.The walls didn't look anything like the finished home he had imagined.They were uneven in places, rough to the touch, and covered with visible patches and minor surface imperfections. Rohan initially thought paint would fix everything.His contractor had a different answer.“Before the paint, we need to get the plastering right.”That conversation made Rohan realise somet..

Next Story
Infrastructure Urban

Embraer to Acquire 51 Per Cent Stake in Mahindra Aerospace Arm

Brazilian aerospace major Embraer will acquire a 51 per cent equity stake in Novavayu Aerospace, a step-down subsidiary of Mahindra and Mahindra, under an Investment Agreement notified by the automobile company in an exchange filing. The transaction will give Embraer control of the aerospace business. Following completion of the acquisition, Novavayu Aerospace will cease to be a wholly owned subsidiary and become an associate of Mahindra Defence Systems, which is a step-down wholly owned subsidiary of Mahindra and Mahindra. The agreement is expected to be completed on or before December 1. Mah..

Next Story
Infrastructure Urban

RBI Opens Special Dollar Window for Three State-Run OMCs

The Reserve Bank of India (RBI) has opened a special facility to meet the entire daily US dollar requirements of three public sector oil marketing companies (OMCs), in a move aimed at easing pressure on the Indian rupee. The facility will take effect on October 12, 2026, and remain available until further notice. Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation are eligible to use the arrangement. Under the facility, the RBI will sell US dollars to the three companies through designated banks, allowing them to meet their oil-import payments without sourc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code