Solar Cell & Module Manufacturing

12 companies Updated 18 May 2026

NSE-listed companies building India's solar PV manufacturing base — from integrated cell-to-module producers like Waaree and Premier Energies to upstream solar glass maker Borosil Renewables.

Sectors represented: Capital Goods, Power

Companies with exposure to solar cell & module manufacturing

EMMVEE

Emmvee Photovoltaic Power Limited

Capital Goods
investor presentation · 2025

Total Installed capacity increased to 7,803 MW for solar. PV modules and 2,943 MW for solar cells in Q2 FY26. . Effective capacity utilization for solar PV modules stood. at 43% in Q2 FY26, while solar cell utilization stood 59%. on account of small modification carried out to improve. the efficiency in Q2 FY26. . Effective capacity utilization for solar PV modules stood.

VIKRAMSOLR

Vikram Solar Limited

Capital Goods
annual report · 2026

Falta, West BengalOragadam, Tamil Nadu Vallam, Tamil Nadu. CapacityCapacityCapacity. AreaAreaArea. 3.2 GW1.3 GW5 GW. >4,50,000 sq. feet>1,00,000 sq. feet>5,00,000 sq. solar module manufacturing capacity. Falta, West BengalOragadam, Tamil Nadu Vallam, Tamil Nadu. CapacityCapacityCapacity. AreaAreaArea. 3.2 GW1.3 GW5 GW. >4,50,000 sq. feet>1,00,000 sq. feet>5,00,000 sq. feet.

ALPEXSOLAR

Alpex Solar Limited

Capital Goods
investor presentation · 2025

OF SOLAR PV MODULES. 94.1%. OF TOTAL REVENUES. IN Q1FY26. Mono Perc Solar Panel | Half-Cut Solar Panels | Bi-facial Solar PanelsEngineering, Procurement, and Construction (EPC) of AC/DC solar pumps G. OF SOLAR PV MODULES. 94.1%. OF TOTAL REVENUES. IN Q1FY26. Mono Perc Solar Panel | Half-Cut Solar Panels | Bi-facial Solar PanelsEngineering, Procurement, and Construction (EPC) of AC/DC solar pumps.

TATAPOWER

Tata Power Company Limited

Power
annual report · 2026

Tata Power, through its subsidiary TP Solar Limited, has. integrated 4.3 GW solar cell and module manufacturing plant. in Tirunelveli, Tamil Nadu. With a I 4,300 crore investment,. this facility enhances domestic production, cuts import. dependence and drives India's clean energy shift. l and module manufacturing plant. in Tirunelveli, Tamil Nadu. With a I 4,300 crore investment,.

WEBELSOLAR

Websol Energy System Limited

Capital Goods
investor presentation · 2025

SolarFossilWindHydroOthers. 3 Solar Module Capacity. by FY2030. 500 GW of Non-Fossil Fuel Energy. Capacity FY2030. 50% Renewable in the Energy Mix. by FY2030. Installed Capacity (GW). FY2025. FY2030E. FY2047E. SolarFossilWindHydroOthers. 3. India’s Solar Energy Transformation. Government Initiatives. 29.1. 41.2. 66.8. 102.6. 280.0. FY2019FY2021FY2023FY2025FY2030E.

PREMIERENE

Premier Energies Limited

Capital Goods
investor presentation · 2024

Prominentplayer -Indian PV manufacturing sector. 1)Data as on 31. st. March 2024. 2)ALMM: Approved list of module manufacturers. Integrated solar cell and module. manufacturer with 29 years of. legacy. Largest Indian solar cell exporter nufacturing sector. 1)Data as on 31. st. March 2024. 2)ALMM: Approved list of module manufacturers. Integrated solar cell and module. manufacturer with 29 years of...

BORORENEW BOROSIL RENEWABLES LIMITED Construction Materials
investor presentation · 2023

Annual Capacity addition (GW)Cumulative Installed Capacity (GW). 10. Indian solar Industry: Growth Drivers and enablers. National Solar MissionTargets of 280 GW installed solar capacity to be achieved by 2030. apacity addition (GW)Cumulative Installed Capacity (GW). 10. Indian solar Industry: Growth Drivers and enablers.

INA Insolation Energy Limited Capital Goods
annual report · 2026

Our. pan-India distribution network continues to. expand, supported by deep engagement with. channel partners and customers across key. markets. We continue to enhance our technological. capabilities through advanced manufacturing. of high-efficiency modules, including TOPCon,. M10R, and G12R technologies. tners and customers across key. markets. We continue to enhance our technological.

SOLEX Solex Energy Limited Capital Goods
investor presentation · 2024

Employing Best of Practices. in the Industry. I. n. no. v. a. t. i. o. n. -. D. r. i. v. e. n. T. e. c. h. n. o. l. o. g. y. S. t. r. i. n. g. e. n. t. Q. u. a. l. i. t. y. C. o. n. t. r. o. l. C. u. s. t. o. m. i. z. a. t. i. o. n. &. A. d. a. p. t. a. b. i. l. i. t. y. S. t. a. t. e. -. o. f. -. t. h. e. -. A. r. t in the Industry. I. n. no. v. a. t. i. o. n. -. D. r. i. v. e. n. T. e. c. h. n.

WAAREEENER Waaree Energies Limited Capital Goods
investor presentation · 2025

Commenced operations at Indosolar. facility. . Awarded PLI for a 300MW Electrolyser. mfg. facility. . Entered a Share Purchase Agreement. for acquisition of ENEL Green Power. India. . Trial production commenced at 5.4GW. cell mfg. at Indosolar. facility. . Awarded PLI for a 300MW Electrolyser. mfg. facility. . Entered a Share Purchase Agreement. for acquisition of ENEL Green Power. India. .

WAAREERTL Waaree Renewable Technologies Limited Capital Goods
annual report · 2026

Across the corporate landscape, a decisive shift toward. optimised manufacturing, standardised production. methods, and lower installation costs is reshaping the. competitive environment. ng. Across the corporate landscape, a decisive shift toward. optimised manufacturing, standardised production. methods, and lower installation costs is reshaping the. competitive environment.

CESC CESC Limited Power
investor presentation · 2025

Renewable Projects – Status. Project 2: Hybrid. by Q3 FY27. Projects Under Implementation : 1600 MW. Capex of ~Rs. 10,800 Cr. Annualized Revenue of ~Rs. ect 1: Solar. by Q4FY26. Project 3: Hybrid. by Q4 FY27. Renewable Projects – Status. Project 2: Hybrid. by Q3 FY27. Projects Under Implementation : 1600 MW. Capex of ~Rs. 10,800 Cr. Annualized Revenue of ~Rs. 1,500 Cr. 28. Project 4: Solar+. BESS.

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