On Wednesday, March 11, 2026, Eastman Auto & Power Limited (EAPL) announced the operationalization of its new 800 MW (0.80 GW) solar PV panel and module manufacturing facility in Sonipat, Haryana.
The launch marks EAPL’s transformation into a backward-integrated solar solutions provider, allowing the company to control the entire value chain—from PV modules and high-efficiency inverters to advanced energy storage batteries.
The Sonipat Facility: Key Specifications
The new plant is designed to meet the growing demand for high-performance solar components under the “Make in India” initiative.
- Production Capacity: 800 MW annually.
- Technology Focus: The facility produces advanced Bifacial TOPCon and Mono PERC modules.
- Compliance: All products are fully compliant with Domestic Content Requirement (DCR) norms and MNRE standards, making them eligible for major government subsidies.
- Target Market: Specifically geared toward accelerating rooftop solar adoption under the PM Surya Ghar Muft Bijli Yojana.
Strategic Vision: “Solar with Storage”
Managing Director Shekhar Singal emphasized that the company’s core strategy is moving beyond standalone panels to integrated energy ecosystems.
- End-to-End Solutions: By combining solar generation with in-house storage (Lithium and Lead-Acid), Eastman aims to provide “energy independence” for residential and C&I (Commercial & Industrial) customers.
- Three Verticals: The company now operates across Last-Mile E-mobility (where it holds a 50% market share in E3W batteries), Solar Solutions, and Continued Energy Solutions.
- Operational Scale: With this addition, Eastman now operates eight manufacturing units across India and employs over 3,600 professionals.
Financial Context: IPO Readiness
The commissioning of the Sonipat plant comes at a pivotal financial moment for the company.
- SEBI Approval: In early March 2026, Eastman received the “go-ahead” from SEBI for its proposed Initial Public Offering (IPO).
- Growth Track: The company reported a revenue of ₹4,228 crore in FY25, maintaining a robust compound annual growth rate (CAGR) of 28% over the last three years.
“Our focus is on building a strong domestic solar ecosystem. By combining high-quality manufacturing with advanced storage, we are creating long-term value for the clean energy ecosystem.” — Shekhar Singal, Managing Director, Eastman Auto & Power Ltd.
