Solarium invests ₹70 crore in a 1,000 MW TOPCon module facility in Ahmedabad, boosting EPC margins and supply chain security.
Backward Integration Strategy to Boost EPC Margins by 5-8%
Ahmedabad, June 2025 – Solarium Green Energy has unveiled plans to establish a 1,000 MW fully automated solar module manufacturing facility in Ahmedabad, Gujarat, marking its strategic re-entry into module production. The ₹70 crore investment, financed through a 3:1 debt-equity ratio, is expected to commence operations by Q4 FY26 and generate ₹1,000+ crore annual revenue at 85% capacity utilization.
Key Highlights of the New Facility
1. Advanced Manufacturing Capabilities
✔ TOPCon, Half-Cut & Bifacial Modules – High-efficiency solar PV modules
✔ Imported Automation – Tabber-stringers, laminators, and sun simulators for premium quality
✔ Backward Integration – Aims to reduce supply chain risks and improve EPC margins by 5-8%
2. Strategic Expansion
✔ Structure Manufacturing Unit – Additional facility in Bavla, Gujarat
✔ Inverter Distribution – Partnership with WattPower Systems for MP & Maharashtra markets
3. Financial & Market Outlook
💰 Investment: ₹70 crore (Debt:Equity = 3:1)
📈 Revenue Potential: ₹1,000+ crore/year at 85% utilization
🔄 Synergy Boost: Enhances Solarium’s EPC and solar project business
Why This Move Matters?
🔹 Reduces Import Dependency – Supports India’s PLI scheme for solar manufacturing
🔹 Cost Control – In-house production mitigates module price volatility
🔹 Competitive Edge – TOPCon & bifacial tech future-proofs product portfolio
Management Insight
Ankit Garg, CMD, Solarium Green Energy:
“This backward integration strengthens our position as an end-to-end solar solutions provider. The new facility will drive cost efficiencies and improve project economics.”
Market Context
- India’s annual solar module demand: ~20 GW
- Domestic manufacturing push under PLI Scheme (Tranche-II)
- TOPCon adoption rising – Expected to dominate 60% of new capacity by 2027
What’s Next?
📅 2025-26: Plant construction & machinery installation
⚡ Q4 FY26: Commercial production begins
🌍 Export Potential: Targeting Africa & Middle East markets
