Agastya Energy Expands into 12 GW Ingot & Wafer Manufacturing

New Delhi, Aug 15 (PTI) Agastya Green Energy Ltd, a part of Anubhav Agarwal Group, on Saturday 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 Rs 7,800 crore.

The expansion will complement the company's existing solar cell and module manufacturing capabilities, a company statement said.

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 company performed bhumi pooja (groundbreaking ceremony), marking the commencement of this next phase of growth, which is expected to generate 3,500+ employment opportunities.

Anubhav Agarwal, Chairman, AAG (Anubhav Agarwal Group), said that, "Our Rs 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."

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.