We are pleased to enclose herewith Press Release titled "Solarium Re-Enters into Manufacturing Solar Modules: 1000MW capacity with latest Automated technology"
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Solarium Green Energy is re-entering solar module manufacturing by setting up a 1,000 MW fully automated plant at Ahmedabad, Gujarat, with an estimated project cost of around ₹70 crore funded through a 3:1 debt-to-equity mix. The facility will produce crystalline silicon PV modules using advanced TOPCon, half-cut, and bifacial cell technologies, and commercial operations are expected to begin from Q4 of the current financial year. This is a backward integration move since solar modules account for 50–60% of EPC project costs, and the company also plans to manufacture mounting structures at its existing Bavla facility. The Chairman stated that at 85% plant utilization, the plant could generate over ₹1,000 crore in revenue, and captive use of modules could lift gross margins by 5–8% in projects where they are deployed. Excess capacity after captive use will be sold to other EPC players and B2B customers.
This expansion signals a major growth phase for Solarium, potentially adding ₹1,000+ crore to its revenue base and improving project margins meaningfully. Shareholders should view this as a positive capacity-building move, though execution risk, capex absorption, and timely commissioning by Q4 FY25 remain key things to watch.