Gautam Solar has announced a Rs 4,000 crore investment to build a 5 GW solar cell manufacturing facility in Gwalior, Madhya Pradesh. 

The project will be developed on 54 acres of land and will produce advanced TOPCon solar cells.

The implementation will occur in two phases. Phase 1 will have a 2 GW capacity and is expected to be completed by the calendar year 2026. 

Following this, the company plans to launch an Initial Public Offering (IPO) to raise funds for Phase 2, which will add another 3 GW of capacity. 

This investment is crucial for boosting domestic solar manufacturing and supporting India’s clean energy goals.