Chennai, April 28 2026: GREW Solar continues to strengthen its position as a key player in India’s renewable energy ecosystem, driven by rapid capacity expansion, backward integration, and a strong focus on domestic manufacturing.
The company currently operates 6.5 GW of solar module manufacturing capacity at its facility in Dudu, Jaipur, backed by an investment of approximately ₹1,400 crore. As part of its next phase of growth, GREW Solar is commissioning 3 GW of solar cell capacity at its Narmadapuram facility near Bhopal, which is set to become operational shortly. This marks a significant step towards backward integration and aligns with India’s push for self-reliant solar manufacturing.
Further expanding its footprint, the company plans to add an additional 5 GW of capacity by March 2027, with an estimated investment of ₹3,700 crore. The first phase of this expansion, involving ₹2,000 crore, is already 95% complete.
Looking ahead, GREW Solar is also planning entry into ingot and wafer manufacturing, with an initial 3 GW capacity in Madhya Pradesh, scalable to 8 GW over the next two years. This development is aligned with upcoming policy mandates and reinforces the company’s commitment to becoming a fully integrated solar manufacturing player.
The company has been a beneficiary of the government’s Production Linked Incentive (PLI) scheme, which has supported its expansion journey and enabled closer engagement with policymakers to address industry challenges.
While maintaining a strong focus on the domestic market, GREW Solar is also exploring export opportunities in Europe and the MENA region, as global markets increasingly look to diversify supply chains beyond China. Initial engagements with international customers are underway, with exports expected to begin by the end of the current fiscal year.
GREW Solar is also entering the rooftop solar segment, supported by its newly added cell manufacturing capacity, enabling participation in schemes such as PM Surya Ghar that mandate domestic content requirements.
On the technology front, the company is leveraging advanced TOPCon G12R technology, producing high-efficiency modules of up to 680Wp, while continuing to invest in next-generation innovations.
Financially, GREW Solar has demonstrated strong growth momentum, with revenue increasing from ₹1,400 crore in FY25 to ₹3,400 crore in FY26, and projected to reach approximately ₹8,000 crore in FY27, reflecting sustained demand and expansion-led scale.
Beyond manufacturing, the company is evaluating future opportunities in Battery Energy Storage Systems (BESS) with a potential capacity of 10 GWh, as well as green data centres powered predominantly by renewable energy, reinforcing its long-term vision of enabling round-the-clock clean energy solutions.
Despite global supply chain disruptions impacting logistics timelines and costs, GREW Solar continues to see strong domestic demand, with a resilient outlook supported by India’s accelerating energy transition.