RPSG Group to Enter Cell and Module Manufacturing, Targets 6 GW Capacity

As per the CNBC-TV18 report, the RPSG Group has announced its entry into solar cell and module manufacturing, aiming to establish a combined capacity of 6 GW in the next 3 years. This expansion is a central focus of the group’s ambitious ₹1,00,000 crore capital expenditure plan in renewables over the coming 5 years.

RPSG Begins Module Manufacturing with 1 GW Capacity

In a recent interaction, Chairman Sanjiv Goenka revealed that the group’s first 1 GW of solar module capacity will begin operations within the next 45 days. This capacity is part of the group's larger plan to implement 3 GW each in cell and module facilities in the next 3 years. A major portion of this manufacturing will be housed within the group’s own industrial infrastructure.

Export Plans and Market Prospects

Highlighting the growing demand for solar solutions, Goenka affirmed plans to tap into export markets. According to him, there is “a very good business model” for international shipments of solar cells and modules, making overseas expansion a key opportunity for RPSG. The rising global focus on renewable energy positions the group strongly amid increasing appetite for clean technology products.

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Ambitious Renewable Energy Roadmap

Renewables form the cornerstone of RPSG's ₹1,00,000 crore investment roadmap for the next 5 years. The group already has 3.2 GW of renewable energy projects in progress, with agreements for 4 GW nearing completion. The long-term target stands at 10 GW of operational renewable energy capacity within 6 years.

Group’s Bigger Goals and Market Confidence

Goenka reiterated confidence in reaching ₹2,00,000 crore market capitalisation in 30 months, expressing that internal targets have been revised upwards. He pointed out that implementation confidence has grown due to early successes and strategic clarity across group ventures.

Conclusion

The RPSG Group’s foray into solar cell and module manufacturing reflects its commitment to green growth and self-reliance. With a bold 6 GW manufacturing target and ₹1,00,000 crore renewables capex plan, the group is well-positioned to emerge as a key player in the fast-evolving clean energy landscape.

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