INA Solar Receives INR 208 Crore Order to Supply 550 Wp Solar PV Modules
Insolation Energy Ltd. (INA Solar) has secured an INR 208.32 crore order from Zetwork Manufacturing Business to supply 550 Wp solar PV modules for NTPC's Khavada, Gujarat site.
October 25, 2024. By Mrinmoy Dey
“Our wholly-owned subsidiary company i.e. Insolation Green Energy Pvt. Ltd. has been awarded a purchase order for the supply of Solar PV Modules at NTPC Khavada Gujarat Site,” informed the company in a regulatory filing.
It has further added that the order has to be executed within FY 2024-25.
The company recently raised about INR 402 crore from investors through preferential allotment of equity shares.
Currently, INA Solar boasts a production capacity of 1,000 MW for solar panels. Over the next six months, the company plans to significantly expand, adding new manufacturing units with capacities of 3 GW for solar panels, 1.5 GW for solar cells, and 12,000 MT for aluminium frames, positioning itself as a key contributor to India’s renewable energy ambitions.
“In our next phase of expansion, we envision going to 6.5 GW of operative solar module and 3 GW of solar cell manufacturing capacity in the next 3 years. We aspire to cross USD 1 billion in revenue with 10 percent+ PAT margins in the next 3 years,” the company shared in an earlier filing.
please contact: contact@energetica-india.net.
Prashant Singh
Co-Founder and CEO
Exploring E-Waste-to-Energy: Promising Technologies for Sustainable Power Generation
Manjula Girish
Business Head, EV Charging and Photovoltaic Inverter Division
Driving Sustainability: Delta Electronics' Vision for Renewable Energy and EV Charging
Dhiman Roy
CEO and Director
Breaking Barriers in Green Hydrogen: GreenH Electrolysis’ Vision for Industrial Decarbonisation
Nilabh Jha
Chief Technology Officer
Greenway Mobility Ensuring Affordable and Reliable EVs with its Buyback and Warranty Programs
Deepak Maheshwari
CEO
Hydrogen, Biofuels, and LNG: Essar’s Multi-Pronged Strategy for a Greener Future