Agastya Green Energy Ltd., part of the Anubhav Agarwal Group, has announced an ambitious ₹7,800 crore expansion plan to establish integrated ingot and wafer manufacturing capacity in Andhra Pradesh, marking a significant push towards strengthening India’s domestic solar manufacturing ecosystem.
The company plans to develop 12 GW each of ingot and wafer manufacturing capacity at the Orvakal Industrial Area in Kurnool. The new facility will complement Agastya Energy’s existing solar cell and module manufacturing operations and is aimed at increasing domestic value addition across the solar supply chain.
Major Push for Domestic Solar Manufacturing
The proposed expansion is expected to strengthen Agastya Energy’s position across multiple stages of the solar manufacturing value chain. By adding ingot and wafer production to its existing cell and module capabilities, the company aims to build a more integrated manufacturing ecosystem within India.
Ingot and wafer manufacturing represents an important upstream stage in solar photovoltaic production. Increasing domestic capacity in these segments could help reduce dependence on imported components while supporting India’s broader objective of developing a self-reliant renewable energy manufacturing base.
₹7,800 Crore Investment in Kurnool
The project, with an estimated investment of approximately ₹7,800 crore, will be located at the Orvakal Industrial Area in Kurnool, Andhra Pradesh.
The planned facility will have the capacity to manufacture 12 GW of ingots and 12 GW of wafers, creating substantial additional manufacturing capability for the country’s rapidly expanding solar sector.
The expansion also positions Kurnool as a potential hub for advanced renewable energy manufacturing, as India continues to attract large investments into solar cells, modules, wafers and other components required for the clean energy transition.
Complementing Existing Solar Operations
Agastya Energy already has capabilities in solar cell and module manufacturing, and the new investment is intended to complement these operations by adding upstream manufacturing capacity.
An integrated manufacturing model could allow the company to have greater control over its supply chain, improve domestic sourcing and increase the amount of value created within India.
The move comes at a time when India’s solar industry is rapidly expanding and manufacturers are increasingly looking to build integrated production capabilities rather than relying heavily on imported upstream components.
Strengthening India’s Solar Supply Chain
The proposed expansion is also aligned with India’s wider push to establish a competitive domestic solar manufacturing industry.
With growing renewable energy deployment and increasing demand for solar equipment, expanding domestic production of ingots and wafers could become increasingly important for reducing supply-chain vulnerabilities and supporting long-term solar capacity addition.
Agastya Energy’s proposed ₹7,800 crore investment therefore represents not only an expansion of its own manufacturing footprint but also another significant development in India’s effort to build a complete, domestic solar manufacturing value chain.
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