INOXGFL enters solar manufacturing sector
Chemicals & Renewable energy firm INOXGFL Group has forayed into solar manufacturing through Inox Solar, a privately held entity by the promoters. The firm is targeting an initial capacity of 5 GW of solar modules and 2.5 GW of solar cell manufacturing capacity by 2026.
A Capex of Rs 1,500 crore is planned for the expansion, and it will also provide turnkey EPC (engineering procurement construction) solutions, including land acquisition and power evacuation, through its group company Inox Renewable Solutions Ltd.
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