Newsletter
Solar module maker Emmvee is gearing up to raise ₹2,500–3,000 crore via its IPO.
The company currently has 2.5 GW capacity for solar cells and 6.6 GW for solar modules, placing it among the top names in India’s fast-growing solar manufacturing ecosystem.
Zoom out: Emmvee’s IPO comes on the heels of blockbuster listings by peers like Premier Energies (₹2,830 crore) and Waaree Energies (₹4,321 crore) in late 2024.
With India chasing 500 GW of non-fossil energy by 2030, solar players are racing to scale. That said, India’s solar exports have more than doubled in a year, powered by US demand and China’s pullback and Emmvee wants in on the action.
