Odisha Government Approves ₹4,000 Cr Solar Cell & Module Manufacturing Project by Inox Solar

The Government of Odisha has allocated 78 acres of land in Dhenkanal to Inox Solar, a subsidiary of Inox Clean Energy under the INOXGFL Group, for setting up a solar cell and module manufacturing facility.

As of 9:39 AM on April 9, 2025, Inox Green Energy Services share price was trading at ₹104.79 , 3.79% down, though down 44.02% over the past six months and 25.59% over the past year.

Project Capacity 

The plant is planned with a production capacity of 4.8 GW each for solar cells and solar modules. The project is part of a ₹4,000 crore investment announced earlier by the company. This is expected to contribute to India’s broader renewable energy goal of achieving 500 GW of non-fossil fuel capacity by 2030.

Approval and Land Allocation

The project has been approved by the state’s High-Level Clearance Authority (HLCA). Following this, the formal land allocation was completed for the development of the facility in the Dhenkanal district.

Employment Opportunities

According to reports, the manufacturing unit is to generate over 5,400 jobs. This includes both direct and indirect employment across the region. The project is positioned to support Odisha’s broader plans for industrial development and employment generation in the clean energy sector.

Statements from Stakeholders

Odisha Chief Minister Mohan Charan Majhi stated that the initiative aligns with the state’s plans to promote green energy and industrial growth. He also mentioned that the government aims to create long-term employment opportunities through such large-scale projects.

Devansh Jain, Executive Director of INOXGFL Group, said the land allocation will help expand their solar energy operations and contribute to clean energy manufacturing capabilities in India.

Company Background

Inox Solar operates as a part of the INOXGFL Group, which has businesses across wind energy, renewables, and chemical manufacturing. The new plant in Odisha will be the group’s entry into large-scale solar module and cell production.

Conclusion

The land allocation to Inox Solar is part of the state’s efforts to attract investment in renewable energy and industrial manufacturing while supporting national sustainability goals.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/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 the securities market are subject to market risks, read all the related documents carefully before investing.