We are pleased to enclose herewith the Press Release titled "Solarium Commissions 1 GW Solar Module Manufacturing Facility in Ahmedabad"
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Solarium Green Energy has commissioned a 1 GW (1000 MW) solar module manufacturing facility in Ahmedabad, Gujarat, built at an estimated capex of approximately ₹90 crore (excluding working capital). The fully automated plant can produce high-efficiency G12 solar modules of up to 725 Wp using TOPCon cells, half-cut cells, and bifacial technology. The facility, delivered in under nine months, is part of the company's backward integration strategy announced in June 2025. At ~85% plant utilization, it has the potential to generate annual revenues exceeding ₹1,000 crore. The move is expected to cut dependence on third-party suppliers, speed up project execution, and improve EPC margins since solar modules account for 50–60% of total EPC project costs.
This is a positive development for shareholders as the company transitions into an integrated solar solutions provider, with potential to meaningfully boost revenue and margins. Investors should watch for utilization ramp-up and whether the captive production delivers the expected cost savings.