Shares of Solarium Inexperienced Power Ltd had been locked 5% larger on Wednesday, 11 June, after the corporate introduced its return to photo voltaic module manufacture utilizing cutting-edge, absolutely automated know-how.
The enterprise proposes to develop a 1000 megawatts (MW) photo voltaic module manufacturing facility in Ahmedabad, Gujarat, with an anticipated capital funding of Rs 70 crore, funded by a 3:1 debt-to-equity combine and crucial working capital.
The transfer is a big step ahead in Solarium’s backward integration strategy, because it seeks to enhance management over important elements utilized in its EPC photo voltaic tasks. Notably, photo voltaic modules account for 50-60% of the typical EPC undertaking price.
By producing these modules in-house, the corporate hopes to cut back price volatility, rely much less on exterior suppliers, enhance undertaking schedules, and enhance revenue margins.
The plant will manufacture Crystalline Silicon Photo voltaic PV Modules with superior applied sciences comparable to TOPCon cells, half-cut cells, and bifacial cells, supported by high-end imported tools comparable to tabber-stringers, laminators, and solar simulators.
Solarium will even start manufacturing mounting buildings (about 10% of the undertaking price) at its present Bavla facility in Gujarat, streamlining its execution capabilities.
This vertical integration is meant to guard Solarium from provide chain disruptions, geopolitical dangers, and value volatility whereas sustaining well timed supply and value effectiveness on long-term tasks.
Surplus manufacturing capability, past inside consumption, can be utilized to serve different EPC gamers and B2B shoppers, rising earnings diversification.
The corporate additionally intends to extend its place within the authorities (B2G) and business (B2B) segments, in addition to broaden into the residential market.
The brand new facility is slated to start business operations in This autumn of the present fiscal yr (FY26), with Solarium emphasizing its future-ready, absolutely automated plant that comes with the newest know-how developments in photo voltaic manufacturing.
Solarium Inexperienced Power, based in 2018, gives full turnkey photo voltaic options, together with design, engineering, procurement, testing, set up, commissioning, and operation and upkeep (O&M).
The corporate additionally provides all kinds of photo voltaic items, together with PV modules, inverters, and Availability Primarily based Tariff (ABT) meters. Along with its important residential presence, the corporate has efficiently accomplished over 35 MW of business and industrial rooftop tasks, in addition to greater than 30 MW of ground-mounted photo voltaic installations, together with authorities tasks.
At 12:02 pm, the shares of Solarium Inexperienced had been locked 5% larger at Rs 389.70 on NSE.
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