Solar as a business, not a paragraph: manufacturers, generators and EPC players tiered by real exposure, with the report passage behind each.
ANIL's solar manufacturing arm is one of the world's top 10 manufacturers with 15 GW+ cumulative shipments and an expansion of cell/module capacity from 4 GW to 10 GW.
“Adani Solar - a part of Adani New Industries – became one of the world's top 10 solar manufacturers and the only Indian company to achieve this feat.”
Solar power generation is AGEL's largest segment, with 13,515 MW operationalised and 3,412 MW added in FY 2025-26 alone, plus 30 GW under development at Khavda.
“Solar power plants operationalised 13,515 MW”
“19,294 MW operational portfolio (13,515 MW solar, 2,563 MW wind and 3,216 MW hybrid)”
Vikram Solar's principal business is solar PV module manufacturing (9.5 GW capacity) with end-to-end solar EPC and O&M services.
“Our manufacturing platform delivers a portfolio of advanced solar modules, including HJT, N-type, Mono-PERC and bifacial configurations, with a strong focus on scale, consistency and quality.”
“We currently operate 9.5 GW of solar module manufacturing capacity across our facilities in Falta, West Bengal and Chennai, Tamil Nadu.”
Websol is a principal manufacturer of solar PV cells and modules with 600 MW cell and 550 MW module installed capacity, the company's primary business line.
“The Company produces high-quality photovoltaic solar cells and modules at its state-of-the-art facility located in the Falta Special Economic Zone (SEZ), West Bengal. As of March 31, 2025, the facility had an installed solar cell production capacity of 600 MW and 550MW of solar modules.”
Sterling Powergensys's primary business is sale of solar systems and execution of solar power projects, generating ₹2,380.05 Lakhs in revenue from operations in FY26.
“The Company is primarily engaged in the business of sale of solar systems, execution of solar power projects and allied renewable energy activities.”
Definition used: Manufactures solar modules/cells/ingots, develops or operates solar generation capacity AS A BUSINESS (selling power or capacity), or does utility-scale solar EPC. Captive/rooftop solar for the company's own consumption does NOT qualify.Membership is extracted from each company’s newest annual report; every quote is validated against the report page before publishing, and core/growing tiers are confirmed by a second independent read (marked ). Companies whose reports our corpus hasn’t read yet simply aren’t listed — absence means unread, not “no exposure”.
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