Archive · 7 Aug 2025
Indosol Solar Plans IPO After Andhra Pradesh Facility Launch
Indosol Solar, a company making solar panels, is planning to raise money by selling shares in a stock market (IPO) next year.
This is happening after they finish building a big factory in Andhra Pradesh that makes a lot of solar panels.
The company got money from the government to help them make solar panels.
They want to make everything themselves, from the raw materials to the finished solar panels, in a huge factory.
Indosol Solar, a subsidiary of Shirdi Sai Electricals, plans an IPO next fiscal year.
The IPO follows the commissioning of a 1 GW line in Andhra Pradesh.
Indosol Solar received a Rs5,175 crore incentive under the PLI scheme.
The company aims for a fully integrated, Giga-scale Solar PV manufacturing facility.
The project covers the entire process from quartz to PV modules.
- Who
- Indosol Solar Pvt Ltd, a subsidiary of Shirdi Sai Electricals Ltd.
- What
- Indosol Solar plans an IPO after commissioning a manufacturing line.
- When
- Next financial year.
- Where
- Andhra Pradesh (manufacturing facility).
- Why
- To become a major player in India's solar sector.
- Company
- Indosol Solar Pvt Ltd
- Parent Company
- Shirdi Sai Electricals Ltd
- IPO Plan
- Next financial year
- Facility Location
- Andhra Pradesh
- PLI Incentive
- Rs5,175 crore
- Production Capacity
- 1 GW (initial line)