Agastya Green Energy Limited, a part of Anubhav Agarwal Group, announced its expansion into Integrated 12 GW Ingot and Wafer manufacturing at the Orvakal Industrial Area in Kurnool, Andhra Pradesh, with a project cost of approximately ₹7,800 crore. The expansion will complement the company’s existing solar cell and module manufacturing capabilities.
The project will establish 12 GW each of integrated ingot and wafer manufacturing capacity, strengthening Agastya Energy’s domestic manufacturing capabilities and enabling greater domestic value addition within India’s solar manufacturing sector. The Pooja marks the commencement of this next phase of growth, which is expected to generate 3,500+ employment opportunities and further Agastya Energy’s vision of building an integrated and globally competitive solar photovoltaic manufacturing platform in India.
Mr. Anubhav Agarwal, Chairman, AAG (Anubhav Agarwal Group), said, “At AAG, our focus is on building businesses that contribute meaningfully to India’s growth and advance our vision to empower India’s journey towards energy security. Our ₹7,800 crore investment in Agastya Energy reflects our long-term conviction in India’s energy transition and our commitment to building globally competitive manufacturing capabilities at scale. We believe that strengthening domestic manufacturing will be critical to meeting India’s growing energy needs, reducing import dependence and creating a resilient energy ecosystem for the decades ahead.”
We are grateful to the Government of Andhra Pradesh for its continued support and commitment to fostering a conducive environment for large-scale manufacturing and renewable energy investments. We extend our sincere appreciation to Shri N. Chandrababu Naidu, Hon. Chief Minister of Andhra Pradesh; Shri Nara Lokesh, Hon. Minister of Human Resources Development, Information Technology, Electronics & Communication, Real Time Governance of Andhra Pradesh; and Shri T. G. Bharath, Hon. Minister of Industries, Commerce and Food Processing. Their leadership, vision and encouragement have been instrumental in advancing industrial growth, strengthening investor confidence and enabling transformative projects that contribute to India’s clean energy future.
Mr. Piyush Bichhoriya, Director, Agastya Energy, said, “The expansion into Ingot and Wafer manufacturing marks a critical upstream pillar of Agastya Energy’s integrated solar manufacturing strategy, complementing our solar cell and module capabilities and strengthening our end-to-end PV value chain. It will deepen our presence across the solar ecosystem, drive greater domestic value addition, and create synergies across manufacturing, IPP and EPC. As we scale, our focus remains on efficient execution and building a future-ready platform to support India’s growing renewable energy needs. In many ways, this is our contribution to Powering the Age of India.”
Mr. Bernhard Rack, CEO, Agastya Energy, said, “The global energy transition is creating a strong need for resilient, scalable and globally competitive solar manufacturing. This expansion will strengthen Agastya Energy’s capabilities across ingots, wafers, cells and modules. It marks an important step towards establishing India as a leading hub for clean energy manufacturing.”
The integrated facility will bring together ingot, wafer, cell and module manufacturing, enabling greater domestic value addition, manufacturing efficiency and deeper integration across the upstream and downstream segments of the photovoltaic value chain. The project comes at a time when India continues to strengthen its solar manufacturing and renewable energy ecosystem, with the Ministry of New and Renewable Energy (MNRE) progressively strengthening the ALMM framework, including ALMM List III, for solar PV modules, cells and wafers. In this context, the facility aligns with the Government of India’s Make in India and Atmanirbhar Bharat priorities, while supporting the country’s broader ambitions for renewable energy, energy security and a globally competitive domestic solar manufacturing ecosystem.
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