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Nikhil Kamath Backs Goldi Solar With Rs 137.5 Crore Investment

Goldi Solar will use the capital to build a solar cell factory under incentive schemes that promote higher-efficiency production.

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Overview

  • Nikhil Kamath announced on August 18 that he has invested Rs 137.5 crore in Goldi Solar to bolster its expansion.
  • Over the past year, the company nearly tripled its PV module capacity from 3 GW to 14.7 GW.
  • Goldi Solar is constructing solar cell manufacturing units in Surat to integrate production vertically.
  • India’s ALMM registry has reached 100 GW of domestic PV capacity supported by PLI incentives and import duties.
  • The company aims to launch high-efficiency modules and cells for both domestic deployment and export markets.