Solar PV Manufacturing Supply Chain

14 companies Updated 31 Aug 2026

NSE-listed companies manufacturing solar cells, modules, wafers, and ingots — driven by India's phased ALMM localization mandates and PLI incentives for domestic solar value-chain integration.

Sectors represented: Power, Capital Goods

Companies with exposure to solar pv manufacturing supply chain

TATAPOWER

Tata Power Company Limited

Power
annual report · 2026

Tata Power, through its subsidiary TP Solar Limited, has. integrated 4.3 GW solar cell and module manufacturing plant. in Tirunelveli, Tamil Nadu. With a I 4,300 crore investment,. this facility enhances domestic production, cuts import. dependence and drives India's clean energy shift. l and module manufacturing plant. in Tirunelveli, Tamil Nadu. With a I 4,300 crore investment,.

WEBELSOLAR

Websol Energy System Limited

Capital Goods
annual report · 2026

Websol’s future road-map extends. beyond cells and modules. The Company has initiated plans for. backward integration into solar ingot. and wafer manufacturing — a strategic. decision expected to strengthen sol’s future road-map extends. beyond cells and modules. The Company has initiated plans for. backward integration into solar ingot. and wafer manufacturing — a strategic.

OSWALPUMPS

Oswal Pumps Limited

Capital Goods
annual report · 2025

Our plans include. increasing this capacity by 1,500. MW using ₹ 2,727.58 million from. the Net Proceeds, enabling us to. meet the growing demand for. solar modules both in India and. globally. Our solar backward integration ncreasing this capacity by 1,500. MW using ₹ 2,727.58 million from. the Net Proceeds, enabling us to. meet the growing demand for. solar modules both in India and. globally.

PREMIERENE

Premier Energies Limited

Capital Goods
investor presentation · 2024

Prominentplayer -Indian PV manufacturing sector. 1)Data as on 31. st. March 2024. 2)ALMM: Approved list of module manufacturers. Integrated solar cell and module. manufacturer with 29 years of. legacy. Largest Indian solar cell exporter nufacturing sector. 1)Data as on 31. st. March 2024. 2)ALMM: Approved list of module manufacturers. Integrated solar cell and module. manufacturer with 29 years of...

EMMVEE

Emmvee Photovoltaic Power Limited

Capital Goods
investor presentation · 2025

Get into manufacturing of ancillary components. (1). in a phased manner. with a strategic focus on capturing larger share of BOM as sanctioned a term. loan of INR 33,060 mn for this manufacturing unit. . Get into manufacturing of ancillary components. (1). in a phased manner. with a strategic focus on capturing larger share of BOM. Backward Integration.

SAATVIKGL

Saatvik Green Energy Limited

Capital Goods
investor presentation · 2026

Backward integration optional, not. structural. . Margins exposed to commodity. & currency swings. INTEGRATED, CELL-LED. MANUFACTURING. . Domestic cell capacity becomes an. entry barrier. . Integrated players (cell + module ). secure supply , not. structural. . Margins exposed to commodity. & currency swings. INTEGRATED, CELL-LED. MANUFACTURING. . Domestic cell capacity becomes an. entry barrier. ...

BORORENEW BOROSIL RENEWABLES LIMITED Construction Materials
annual report · 2024

A Production Linked Incentive (PLI) scheme, and also a National Program on High Efficiency Solar PV Modules, has been announced, under. which additional production of High-efficiency solar modules, cells and further backward integration will be incentivized. The allocation. for the scheme has been raised from ` 4,500 crores to ` 24,000 crores.

VIKRAMSOLR Vikram Solar Limited Capital Goods
investor presentation · 2026

Single-Site Integration. Edge at Gangaikondan. Zero inter-plant logistics and. lower fixed cost per watt. Long-Term Value. Creation. Wafer-to-module margin ed factories, with. focus on increasing. automation. Single-Site Integration. Edge at Gangaikondan. Zero inter-plant logistics and. lower fixed cost per watt. Long-Term Value. Creation. Wafer-to-module margin. retained in-house, insulating.

ALPEXSOLAR Alpex Solar Limited Capital Goods
investor presentation · 2026

June 2026. BROADER PERSPECTIVE. Please see the management perspective in the next slide. ALMM List III. effective June 2027. (. Draft Policy). THE MODULE & CELL SCENARIO. THE MODULE & CELL SCENARIO. The supply of solar module overhang is now extending into the cell segment, driven by significant capacity. expansions. ne 2027. (. Draft Policy). THE MODULE & CELL SCENARIO. THE MODULE & CELL SCENARIO...

JSWENERGY JSW Energy Limited Power
investor presentation · 2024

Green H. 2. to also be a. part of the offtake. agreement. . JSWEL’s backward. integration to solar. module manufacturing. along with secured. energy storage. resources, provides. optionality of scaling up. its Green H. 2. capacity. going ahead. . Low LCoE for Green H. 2 . JSWEL’s backward. integration to solar. module manufacturing. along with secured. energy storage. resources, provides.

INA Insolation Energy Limited Capital Goods
investor presentation · 2026

Network. End-to-end Sales &. Service Support. Extensive Reach,. Stronger Future,. Sustainable Growth. Sales / Channel Presence. Manufacturing Facilities. Pan-India. Presence ia. Reach. Strong EPC &. Distributor. Network. End-to-end Sales &. Service Support. Extensive Reach,. Stronger Future,. Sustainable Growth. Sales / Channel Presence. Manufacturing Facilities. Pan-India. Presence. SOLAR CELL.

WAAREEENER Waaree Energies Limited Capital Goods
investor presentation · 2026

BESS VGF, ISTS waivers and mandatory 2-hour ESS norms are. accelerating grid-scale energy storage deployment. ACC battery PLI builds local cell making, while FAME subsidies. to push EV demand growth. BESS. Hydrogen Hub. European Union’s Net-Zero Industry Act (NZIA) targets ng grid-scale energy storage deployment. ACC battery PLI builds local cell making, while FAME subsidies.

RELIANCE Reliance Industries Limited Oil Gas & Consumable Fuels
earnings transcript · 2026

And this integrated platform positions us to. be one of the lowest cost electricity and energy producers globally and serving India's. requirements as well as export and also providing our self-sufficiency in energy for India. A few quarters back, I presented an aerial view of Jamnagar site. oducers globally and serving India's.

UTLSOLAR Fujiyama Power Systems Limited Capital Goods
investor presentation · 2026

Capacity: 4,180 MW?. 1: Inverter capacity increased in Parwanoo and Noida facility 3: Solar panel manufacturing commissioned at Ratlam in May 2026 5: Lithium-ion batteries expected to. 2: Power electronics includes Inverters, Solar PCUs and UPSs and Chargers 4: Power electronics manufacturing commissioned at Ratlam in August 2026 be commissioned by Q2FY27. Advanced. Manufacturing. Equipment. <.

See all 14 companies

Subscribe to unlock the full theme analysis and API access.

Start free trial
Search filings yourself →