GP Eco Solutions, Invergy Secure ₹720.6 Million in New Orders and MoUs

Anirudh Jain - Kolkata Bureau Jul 14, 2026 1,750 Views

GP Eco Solutions India and its subsidiary, Invergy, announced new orders and MoUs totaling ₹720.6 million on July 14, 2026. The contracts leverage the company’s new Dasna Giga factory to bolster its presence in India’s BESS market, marking a key step in its strategy to reach 3 GWh capacity by fiscal year-end.

NOIDA, India — GP Eco Solutions India Limited and its subsidiary, Invergy India Pvt. Ltd., announced on July 14, 2026, the successful procurement of new orders and the signing of Memoranda of Understanding (MoUs) totaling ₹720.6 million. The dual development underscores the company's aggressive scaling strategy following the recent commissioning of its Giga factory in Dasna, Uttar Pradesh.

The fresh inflow of contracts, finalized early this week, aligns with the firm’s broader push to capture an increasing share of India’s domestic Battery Energy Storage System (BESS) and solar inverter market. This surge in commercial activity follows a robust fiscal year for the parent entity, which reported significant growth in manufacturing and project execution sectors.

Scaling BESS Infrastructure

The newly secured contracts are expected to utilize the production capacity of the company’s state-of-the-art facility in Dasna. Launched in late May 2026, the factory is positioned to support the increasing demand for advanced BESS units, LiFePO4 battery packs, and solar inverters.

According to company projections, the facility is designed to reach an operational capacity of 3 gigawatt-hours by the end of September 2026. These new orders form a critical component of the company's backlog, ensuring steady throughput for the factory’s automated production lines as it transitions from the initial commissioning phase to full-scale manufacturing.

Strategic Market Positioning

The collaboration and order procurement arrive as GP Eco Solutions continues to pivot its business model. While the company historically focused on solar distribution, recent filings show a strategic shift toward integrated renewable energy solutions, including Engineering, Procurement, and Construction (EPC) services and specialized manufacturing under the Invergy brand.

Management has previously outlined a target for 3x revenue growth in FY27, with the BESS segment serving as a primary driver. By integrating manufacturing and deployment, the company aims to reduce dependency on imported components and align with the national "Atmanirbhar Bharat" initiative for renewable energy self-reliance.

Official Statements

Company leadership emphasized that these latest agreements reflect a growing market trust in domestic energy storage technology.

"According to officials, the combination of new supply orders and strategic partnerships will provide the necessary volume to stabilize production at our Dasna facility," the firm noted in a corporate update. "Organizers stated that the focus remains on delivering reliable energy storage to the commercial and industrial segments while maintaining the high-efficiency standards required for grid-connected operations."

Why It Matters

For stakeholders and the broader renewable energy sector, the ₹720.6 million milestone signals a tangible shift from project planning to active implementation. The impact includes:

For Investors: Increased visibility into the company's revenue pipeline for the remainder of FY27.
For Clients: Enhanced access to indigenous, locally manufactured energy storage solutions that may offer lower lead times compared to imports.
For the Region: Continued industrial development in Uttar Pradesh, as the company scales its workforce to manage the increased manufacturing output.

Key Facts at a Glance

Total Value: The new orders and MoUs aggregate to ₹720.6 million.
Subsidiary Focus: Invergy India is leading the manufacturing output for these contracts, focusing on BESS and inverter solutions.
Operational Hub: Production is anchored at the 217,000-square-foot Giga factory in Dasna, Uttar Pradesh.
Strategic Goal: The company aims to scale its total BESS capability from an existing 500+ MWh to 3 GWh.

FAQ

What is the primary business of GP Eco Solutions India? The company provides integrated solar solutions, including manufacturing solar inverters and battery systems, solar distribution, and EPC services for residential, commercial, and industrial clients.

What is the role of Invergy India in these contracts? Invergy India serves as the manufacturing arm of the group, responsible for producing the BESS units and solar inverters specified in the new orders.

How does this impact the company’s revenue targets? The new orders contribute to the company's strategic goal of 3x revenue growth in FY27 by securing a solid pipeline for its manufacturing division.

Where can I find details on the company's financial disclosures? Official financial performance and regulatory updates are available through the National Stock Exchange of India (NSE) and the company's official investor relations portal.