Shares of Solarium Green Energy Ltd were locked 5% higher on Wednesday, 11 June, after the company announced its return to solar module manufacture using cutting-edge, fully automated technology.
The business proposes to develop a 1000 megawatts (MW) solar module production facility in Ahmedabad, Gujarat, with an anticipated capital investment of Rs 70 crore, funded by a 3:1 debt-to-equity mix and necessary working capital.
The move is a significant step forward in Solarium’s backward integration approach, as it seeks to improve control over critical components utilized in its EPC solar projects. Notably, solar modules account for 50-60% of the average EPC project cost.
By producing these modules in-house, the company hopes to reduce cost volatility, rely less on external suppliers, improve project schedules, and increase profit margins.
The plant will manufacture Crystalline Silicon Solar PV Modules with advanced technologies such as TOPCon cells, half-cut cells, and bifacial cells, supported by high-end imported equipment such as tabber-stringers, laminators, and sun simulators.
Solarium will also begin manufacturing mounting structures (about 10% of the project cost) at its current Bavla facility in Gujarat, streamlining its execution capabilities.
This vertical integration is intended to protect Solarium from supply chain disruptions, geopolitical risks, and price volatility while maintaining timely delivery and cost effectiveness on long-term projects.
Surplus production capacity, beyond internal consumption, can be used to serve other EPC players and B2B clients, increasing income diversification.
The company also intends to increase its position in the government (B2G) and commercial (B2B) segments, as well as expand into the residential market.
The new facility is slated to begin commercial operations in Q4 of the current fiscal year (FY26), with Solarium emphasizing its future-ready, fully automated plant that incorporates the most recent technology developments in solar production.
Solarium Green Energy, founded in 2018, provides complete turnkey solar solutions, including design, engineering, procurement, testing, installation, commissioning, and operation and maintenance (O&M).
The company also offers a wide variety of solar goods, including PV modules, inverters, and Availability Based Tariff (ABT) meters. In addition to its significant residential presence, the company has successfully completed over 35 MW of commercial and industrial rooftop projects, as well as more than 30 MW of ground-mounted solar installations, including government projects.
At 12:02 pm, the shares of Solarium Green were locked 5% higher at Rs 389.70 on NSE.
Discover the next big investment! Unicorn Signals’ IPO screener helps you identify promising initial public offerings. Download Unicorn Signals and get ahead of the curve! Sign Up Now & Find Your Next IPO Gem!
