INA Solar to Set Up 3 GW Cell and 4 GW Module Manufacturing Plant in Madhya Pradesh
Jaipur-based Insolation Green Energy (INA Solar) plans to invest INR 1,800 crore in a 3 GW solar cell, 4 GW solar module, and 24,000 MT aluminium frame manufacturing facility in Madhya Pradesh, marking its first plant outside Rajasthan.
December 16, 2024. By Mrinmoy Dey
This will be INA Solar’s fourth manufacturing facility and its first outside of Rajasthan and will be executed in two phases.
The company has been allocated 45 acres of land in the Mohasa-Babai industrial area of Narmadapuram district.
This expansion will significantly bolster the company’s presence and capabilities in renewable energy manufacturing. “Upon completion, this facility is expected to generate over 1,600 direct and indirect employment opportunities, thereby contributing to regional development and the renewable energy sector's growth,” the company shared in an exchange filing.
The company has recently completed a preferential allotment of INR 400 crore. The company further shared that the work of setting up the company’s third manufacturing facility is under full swing to enhance the solar module manufacturing capacity from 1 GW to 4 GW by April 2025 and the Aluminum frame manufacturing facility 12,000 MT.
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