Synopsis:
Insolation Inexperienced Vitality secured a ₹1,134 crore IREDA mortgage for a 4.5 GW photo voltaic cell plant in Madhya Pradesh, with ₹378 crore from inside funds, supporting full photo voltaic worth chain integration.
The shares of one of many main renewable vitality firm, specializing within the growth and set up of solar energy programs, jumped upto 2 % upon receiving Rs. 1,134 crore from IREDA to finance a brand new 4.5 GW photo voltaic cell manufacturing facility in Madhya Pradesh.
With a market capitalization of Rs. 4,404.66 crores on Thursday, the shares of Insolation Vitality Restricted jumped upto 2.2 %, making a excessive of Rs. 203.00 per share in comparison with its earlier closing worth of Rs. 198.45 per share.
What Occurred
Insolation Vitality Restricted has knowledgeable that its wholly owned subsidiary, Insolation Inexperienced Vitality Non-public Restricted, has obtained a mortgage sanction of Rs. 1,134 crores from the Indian Renewable Vitality Growth Company Restricted (IREDA) by way of a sanction letter dated September 17, 2025.
The mortgage can be utilized for organising a brand new 4.5 GW photo voltaic cell manufacturing facility at Mohasa Babai, Narmadapuram, Madhya Pradesh, with a complete estimated challenge value of Rs. 1,512 crores. Whereas Rs. 1,134 crores can be funded by IREDA, the remaining Rs. 378 crores can be financed by way of the corporate’s inside accruals.
This challenge aligns with the corporate’s broader technique of from side to side integration throughout the photo voltaic vitality worth chain, with the photo voltaic cell facility reinforcing its backward integration efforts.
Throughout the subsequent two years, the group goals to attain a cumulative manufacturing capability comprising 7 GW of PV module manufacturing, 4.5 GW of photo voltaic cell manufacturing, and 18,000 MTA of aluminum body manufacturing, together with a future plan to determine 3 GW of ingot and wafer manufacturing by 2028.
Financials & Others
The corporate’s income rose by 90 % from Rs. 372 crore to Rs. 707 crore in H2FY25-26. In the meantime, the Web revenue rose from Rs. 43 crore to Rs. 62 crore throughout the identical interval.
The corporate has delivered sturdy revenue progress of 109% CAGR over the past 5 years and maintains a stable return on fairness, with a 3-year common ROE of 39.7%. It additionally studies a excessive ROCE of 56.6% and ROE of 49.9%, with a low debt-to-equity ratio of 0.06, indicating sturdy monetary well being.
Insolation Vitality Restricted (INA Photo voltaic) is an Indian firm, based in 2015 and based mostly in Jaipur, that manufactures and provides photo voltaic panels, batteries, and energy conditioning items underneath the model identify INA Photo voltaic.
INA Photo voltaic, a BSE SME-listed firm underneath Insolation Vitality Restricted, has been offering sustainable vitality options for over 8 years. With a present manufacturing capability of 1 GW and three fashionable items in Jaipur, Rajasthan, the corporate ranks among the many prime 10 photo voltaic corporations in India.
The corporate presently has a powerful order guide of ₹2,500 crores, with main tasks scheduled for execution in FY25–26. The order break up contains ₹1,250 crores from EPC/Builders, ₹650 crores from Authorities Schemes, ₹300 crores from Rooftop tasks, and ₹300 crores from Channel Companions.
Written by Sridhar J
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