Solar PV Manufacturing — Cells, Modules & Wafer Integration

12 companies Updated 23 Oct 2026

NSE-listed companies manufacturing solar cells, modules, and integrating upstream into wafers and ingots as India races to build a self-reliant photovoltaic supply chain.

Sectors represented: Capital Goods, Power, Oil Gas & Consumable Fuels

Companies with exposure to solar pv manufacturing — cells, modules & wafer integration

SAATVIKGL

Saatvik Green Energy Limited

Capital Goods
annual report · 2026

Module ManufacturingAmbala, Haryana4.8 GWOperational; 84.07% capacity. utilisation in FY 2025-26. EPE Encapsulant ManufacturingAmbala, Haryana2 GW. (expanding to 5 GW). 2 GW commissioned in FY 2025-26;. Planned expansion ringAmbala, Haryana4.8 GWOperational; 84.07% capacity. utilisation in FY 2025-26. EPE Encapsulant ManufacturingAmbala, Haryana2 GW. (expanding to 5 GW).

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,.

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.

RELIANCE

Reliance Industries Limited

Oil Gas & Consumable Fuels
investor presentation · 2026

We continue to make progress. on tying up green fuel capacity with strategic partners. ➢Continue to make good progress on Kutch project development and engineering. ✓Aim to start installation post-monsoon, with transmission capacity ready in time for the export of electricity this year. ✓All work is aimed at scaling up of execution to 55 MWp solar and 150 MWh batterieson daily basis by next year.

SOLEX

Solex Energy Limited

Capital Goods
investor presentation · 2026

Features India's largest chamber. laminators for efficient single-. cycle module production. Total PV Module Capacity of 4 GW. achieved in November 2025. Transitioning to TOPCon technology. while optimizing existing PERC lines. State – of –. the – Art. Production. Facility. Established in. September Total PV Module Capacity of 4 GW. achieved in November 2025. Transitioning to TOPCon technology.

WEBELSOLAR Websol Energy System Limited Capital Goods
investor presentation · 2026

JNNSM. 22 GW Target. 2015. Revised to. 100 GW Solar. 2021. COP26: 500 GW. Non-Fossil by. 2030. 2025. 50% Non-Fossil. Achieved — 5 Yrs Early. 2030+. 500 GW Non-. Fossil. & 60%+ Share. 50% non-fossil target by 2030 —. Achieved 5 Years Early! Revised to. 100 GW Solar. 2021. COP26: 500 GW. Non-Fossil by. 2030. 2025. 50% Non-Fossil. Achieved — 5 Yrs Early. 2030+. 500 GW Non-. Fossil. & 60%+ Share.

BORORENEW BOROSIL RENEWABLES LIMITED Construction Materials
investor presentation · 2026

The Approved List of Models and Manufacturers (ALMM) enforced from 1st April 2024 has helped this growth in use of. domestically produced modules and significant decline in imports of modules. umber. . The Approved List of Models and Manufacturers (ALMM) enforced from 1st April 2024 has helped this growth in use of. domestically produced modules and significant decline in imports of modules. .

ALPEXSOLAR Alpex Solar Limited Capital Goods
investor presentation · 2026

The capacity of 6,000 metric tonne is already functional,. while balance 6,000 would also be operational by Q1 FY26-27 to reach the total capacity of 12,000. metric tonne. ONGOING EXPANSION. SOLAR CELLS, MODULES & ALUMINIUM FRAMES tonne is already functional,. while balance 6,000 would also be operational by Q1 FY26-27 to reach the total capacity of 12,000. metric tonne. ONGOING EXPANSION.

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...

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. .

SOLARWORLD Solarworld Energy Solutions Limited Construction
annual report · 2026

The top 10 manufacturers accounted for 44% of cumulative. module manufacturing capacity, indicating increasing scale and. consolidation. Export. Performance. Domestic manufacturers exported approximately 5 GW of solar ufacturers accounted for 44% of cumulative. module manufacturing capacity, indicating increasing scale and. consolidation. Export. Performance.

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