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IREDA Sanctions ₹1,134 Crore to Insolation Green for 4.5 GW Solar Cell Unit

Written by: Team Angel OneUpdated on: 18 Sept 2025, 9:46 pm IST
IREDA approves ₹1,134 crore funding to Insolation Green Energy to build a 4.5 GW solar cell facility in Madhya Pradesh.
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Indian Renewable Energy Development Agency Limited (IREDA) has sanctioned a ₹1,134 crore loan to Insolation Green Energy, a wholly owned subsidiary, to support the establishment of a 4.5 GW solar cell manufacturing plant in Madhya Pradesh. This project marks a significant step in the group’s comprehensive solar integration strategy.

Approval Boosts Renewable Plans with ₹1,134 Crore Solar Initiative

The sanctioned loan will fund a significant portion of the ₹1,512 crore total project cost. The balance amount of ₹378 crore will be managed through internal accruals. The facility will be built in the Manufacturing Zone for Power and Renewable Energy in the Narmadapuram district. This initiative advances the company’s backward and forward integration in the solar value chain, aiming to reduce reliance on imported components.

Facility to Strengthen Solar Manufacturing Ecosystem

Once operational, the manufacturing unit will significantly amplify the group's production capacity. In the next 2 years, the group aims to achieve 7 GW of PV module manufacturing, 4.5 GW of solar cell production, and 18,000 MTA of aluminium frame output. The phased growth also includes the addition of 3 GW of ingot and wafer manufacturing by 2028.

Read More: IREDA Raises ₹453 Crore Through Bonds Issue at 7.70% Coupon Rate!

Strategic Growth through Integrated Solar Infrastructure

This investment aligns with the government’s push for Atmanirbhar Bharat by strengthening domestic renewable infrastructure. With solar energy demand rising both domestically and globally, Insolation Green’s fully integrated manufacturing strategy enhances India's position in solar manufacturing while also activating job creation and regional development.

IREDA Share Price Performance

On September 18, 2025, Indian Renewable Energy Development Agency share price opened at ₹154.80 on NSE, above the previous close of ₹153.97. During the day, it surged to ₹159.29 and dipped to ₹154.20. The stock is trading at ₹155.65 as of 3:06 PM. The stock registered a moderate gain of 1.09%.

Over the past week, it has moved up by 5.63%, over the past month, it has moved up by 5.68%, and over the past 3 months, it has declined by 5.79%.

Conclusion

IREDA's loan approval of ₹1,134 crore to Insolation Green Energy is a pivotal development in strengthening India’s solar production capabilities. With a target of 4.5 GW solar cell output capacity, the move supports national renewable goals while fortifying domestic industrial infrastructure.

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities are subject to market risks. Read all related documents carefully before investing.

Published on: Sep 18, 2025, 3:19 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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