APS commissions 400 MW TOPCon line, module capacity rises to 1.2 GW
APS · price
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APS started commercial production at a new 400 MW TOPCon solar module line at its Gujarat plant on October 13, 2026, lifting total module capacity from 800 MW to 1.2 GW (up 50 percent). The expansion follows strong FY26 results, with revenue rising 60.7 percent to Rs 708.74 crore, EBITDA up 62.6 percent to Rs 95.60 crore, and PAT up 44.3 percent to Rs 57.87 crore. APS plans future entry into battery storage and captive power, targeting around 30 percent annual net asset growth.
Capacity expansion supports long-term growth outlook; ramp-up of new line and margin trajectory are key near-term monitorables.