Insolation Energy Sets Rs. 8,000 Crore Revenue Target with 1,82,108.50 Sq. mtr. Land Allotment from Madhya Pradesh Government

Insolation Energy Ltd. has announced a consolidated revenue target of Rs. 8,000 Crore ($1 Billion) following the allotment of 1,82,108.50 Sq. mtr. of land from the Government of Madhya Pradesh. The land, located in the Madhya Pradesh Zone for Power and Renewable Energy Equipment, will be used for a manufacturing unit for Solar PV Modules, Solar Cells, and Aluminum Frames. The allotment comes with several benefits and concessions, including a one-time lease premium of Re. 1/- Sq. Mtr, annual lease rent and development charges of Rs. 21/- per Sq. Mtr, a capital incentive subsidy of up to 40%, employment subsidy, electricity benefits, and water benefits. The proposed facility will have a capacity of 3 GW for Solar Cell Manufacturing, 4 GW for Solar Module Manufacturing, and 24,000 MT for Aluminum Frame Manufacturing. The company plans to invest approximately Rs. 1,800 Crore in this project, which is expected to generate over 1,600 direct and indirect employment opportunities.