INA Solar receives Rs 402 crore by Preferential Allotment of Equity Shares
Insolation Energy Limited (INA Solar), one of the India’s leading solar panel manufacturer has garnered an overwhelming response from investors for its preferential allotment of equity shares. The company successfully raised significant amount of Rs 402 Crores during the process, further cementing its reputation in the renewable energy industry.
Chairman Manish Gupta and Managing Director Vikas Jain expressed their gratitude, highlighting that since its inception in 2017, Insolation Energy Limited has established Rajasthan’s largest solar panel manufacturing facility. By contributing to the country’s green energy goals, INA Solar is committed to strengthening India’s energy independence and supporting the Make in India initiative, not just in Rajasthan but across the nation. With the new upcoming facility of 3 GW in Jaipur, INA will be one on the largest solar panel manufacturer in India with 4GW solar module capacity. By March 2025, we expect to make the module capacity operational, in addition to setup of 12000 MT Aluminum frame manufacturing unit. By March 2026 INA Solar plans to expand 1.5GW solar cell manufacturing facility.
