Agastya Energy announces ₹7800 crore investment in integrated 12GW ingot and wafer manufacturing in AP’s Kurnool
Agastya Energy will invest about ₹7,800 crore to establish 12 GW each of ingot and wafer manufacturing capacity at Orvakal in Kurnool, creating more than 3,500 jobs.
Anubhav Agarwal, Chairman, AAG (Anubhav Agarwal Group), Bernhard Rack, CEO and Piyush Bichhoriya, Director, Agastya Energy, and others.
KURNOOL: Agastya Green Energy Limited, part of the Anubhav Agarwal Group, has announced an investment of approximately ₹7,800 crore to establish integrated 12 GW ingot and 12 GW wafer manufacturing facilities at the Orvakal Industrial Area in Kurnool, Andhra Pradesh.
The expansion will complement the company’s existing solar cell and module manufacturing capabilities and is expected to create more than 3,500 employment opportunities. The project marks the next phase of Agastya Energy’s plan to build an integrated and globally competitive solar photovoltaic manufacturing platform in India.
The new facilities will add 12 GW each of integrated ingot and wafer manufacturing capacity, strengthening the company’s domestic manufacturing capabilities and increasing domestic value addition within India’s solar manufacturing sector.
Anubhav Agarwal, Chairman, AAG (Anubhav Agarwal Group), said the investment reflected the group’s long-term conviction in India’s energy transition and its commitment to building globally competitive manufacturing capabilities at scale. He said strengthening domestic manufacturing would be critical to meeting India’s growing energy needs, reducing import dependence and creating a resilient energy ecosystem.
Piyush Bichhoriya, Director, Agastya Energy, said the expansion into ingot and wafer manufacturing would strengthen the company’s end-to-end photovoltaic value chain by complementing its solar cell and module capabilities. He said the move would deepen the company’s presence across the solar ecosystem and create synergies across manufacturing, independent power production and engineering, procurement and construction.
Bernhard Rack, CEO, Agastya Energy, said the expansion would strengthen the company’s capabilities across ingots, wafers, cells and modules amid the global energy transition and growing demand for resilient, scalable and competitive solar 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 company said the project aligns with the government’s Make in India and Atmanirbhar Bharat priorities.
Agastya Energy operates across the renewable energy sector, with capabilities spanning solar module and cell manufacturing, independent power production, EPC and operations and maintenance. The company said it is expanding its manufacturing capabilities across ingots, wafers, solar cells and modules as it seeks to build an integrated and globally competitive solar manufacturing platform.
