The project comes as India continues to strengthen its domestic solar manufacturing ecosystem.
Agastya Green Energy Limited, part of the Anubhav Agarwal Group, has announced an investment of approximately ₹7,800 crore to establish integrated 12 GW ingot and wafer manufacturing capacity at the Orvakal Industrial Area in Kurnool, Andhra Pradesh.
The expansion will add 12 GW each of ingot and wafer manufacturing capacity to Agastya Energy’s existing solar cell and module manufacturing capabilities. The company said the project will increase domestic value addition and strengthen its position across the solar photovoltaic (PV) manufacturing value chain.
The project was formally launched with a ceremony marking the beginning of the next phase of Agastya Energy’s expansion. The company expects the project to create more than 3,500 employment opportunities and contribute to its plans to build an integrated and globally competitive solar PV manufacturing platform in India.
Anubhav Agarwal, Chairman, Anubhav Agarwal Group, said the investment reflects the group’s long-term confidence in India’s energy transition and its commitment to developing large-scale domestic manufacturing capabilities. He said strengthening local manufacturing would help reduce import dependence and build a more resilient energy ecosystem.
Piyush Bichhoriya, Director, Agastya Energy, said the ingot and wafer facility would serve as a critical upstream component of the company’s integrated solar manufacturing strategy. The new capacity will complement its existing cell and module manufacturing operations and create greater integration across manufacturing, independent power producer (IPP) and engineering, procurement and construction (EPC) activities.
Bernhard Rack, CEO, Agastya Energy, said the expansion would strengthen the company’s capabilities across ingots, wafers, cells and modules amid growing demand for resilient and scalable solar manufacturing. He added that the project would support India’s ambition to become a major hub for clean-energy manufacturing.
The integrated facility will bring together ingot, wafer, cell and module manufacturing, enabling greater domestic value addition and manufacturing efficiencies across upstream and downstream segments of the PV value chain.
The project comes as India continues to strengthen its domestic solar manufacturing ecosystem. The Ministry of New and Renewable Energy (MNRE) is progressively strengthening the Approved List of Models and Manufacturers (ALMM) framework, including ALMM List III covering solar PV modules, cells and wafers.
The project aligns with the government’s Make in India and Atmanirbhar Bharat initiatives and will contribute to India’s renewable energy ambitions, energy security and efforts to develop a competitive domestic solar manufacturing ecosystem.
