GREW Solar Bags Rs 2,028 Crore Order From NTPC Renewable Energy For PV Modules

New Delhi, Dec 30 (KNN) Solar photovoltaic (PV) modules manufacturer GREW Solar on Tuesday said that it has secured a Rs 2,028.33 crore contract from NTPC Renewable Energy Limited (NTPC REL) for the supply of high-efficiency solar PV modules.

The solar PV modules aggregating about 1,464.5 MW would be supplied across multiple locations in Uttar Pradesh.

"The cumulative contract value stands at approximately Rs 2,028.33 crore, marking one of the largest module supply partnerships under NTPC REL’s current renewable energy program," GREW Solar said in a release.

The solar firm said that under the terms of the contract it will supply advanced, high-efficiency solar PV modules backed by robust quality standards and cutting-edge manufacturing technology for deployment across multiple sites.

"This project will play a pivotal role in supporting NTPC REL’s renewable energy expansion, while advancing India’s long-term clean energy transition and decarbonisation objectives," it said.

Commenting on the development, GREW Solar CEO and Director Vinay Thadani said, "At GREW Solar, we see each project as more than a supply order, it’s a responsibility to power progress with integrity, precision, and purpose. With a strong national push toward self-reliant manufacturing and innovation-led solar solutions, we remain deeply committed to advancing the Atmanirbhar Bharat vision and strengthening India’s renewable ecosystem."

Backed by the Chiripal Group, GREW Solar launched M10 modules of up to 550 Wp and commissioned 1.2 GW of PV module manufacturing at Dudu, Rajasthan in 2022. The company has since scaled its operational capacity to 3.0 GW. It is currently expanding its Dudu plant to 11.0 GW.

GREW plans to initially establish a 3.0 GW solar PV cell plant at Narmadapuram, Madhya Pradesh, followed by a capacity expansion to 8.0 GW by end of 2026 at the same location, enabling backward integration.

(KNN Bureau)