Gautam Solar Private Ltd (GSPL) announced an estimated investment of 4,000 INR- Crore to build a solar cell plant in Gwalior, Madhya Pradesh. The plant will cover approximately 4 Acres and produce advanced TOPCon cells with a capacity of 5 Gigawatts (GW).
The company has started with Phase 1 Implementation, which will set up 2 GW solar cell manufacturing capacity. After completing Phase 1, Gautam Solar will launch an IPO to raise funds for Phase 2, which will add 3 GW capacity. Additionally, the company aims to deepen the domestic solar manufacturing base using the latest TOPCon technology, said Gautam Mohanka, Director at Gautam Solar.
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Moreover, the upcoming project will strengthen India’s solar cell plant ecosystem and align with the national clean energy targets. Currently, Gautam Solar runs multiple units and targets around 5 GW solar module manufacturing capacity by FY 2026, compared to 3.2 GW now.
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