The RPSG Group is making a strategic entry into the solar cell and module manufacturing sector. The company is preparing to launch its initial production capacity within the next few days, marking a significant step in its renewable energy ambitions.
Ambitious Capacity Expansion Plans
The brand aims to establish three GW each of solar cell and module capacity within three years. While a large portion of the production will come from in-house facilities, the Group also intends to export products to international markets, supported by what he described as “a very good business model.”
Strong Market Capitalisation Target
Reaffirming the Group’s growth trajectory, Goenka expressed confidence in reaching a ₹2 lakh crore market capitalisation within the next 30 months. He emphasized that renewables will play a central role in achieving this milestone.
Renewables at the Core of Investment Strategy
Renewable energy forms a key component of the Group’s ₹1 lakh crore capex plan for the next five years. The strategy targets 10 GW of renewable capacity over six years, with 3.2 GW already under implementation and another 4 GW nearing closure.
A Strategic Push Towards Green Growth
As reported by projectstoday.com, the RPSG Group is investing heavily in renewable infrastructure and manufacturing. This positions the company as a major player in India’s energy transition. The solar cell and module foray strengthens RPSG Group’s domestic presence. It also opens opportunities in the global clean energy market.
