Sunrise in Devanahalli: Emmvee Lights Up India’s Solar Ambition with 100-Acre Mega Hub

Emmvee Photovoltaic Power Limited has announced that its wholly owned subsidiary, Emmvee Energy Private Limited, has received the possession certificate from the Karnataka Industrial Areas Development Board (KIADB) for 100 acres of land in Devanahalli, Bengaluru. This landmark acquisition is set to accelerate Emmvee’s expansion plans and marks a critical step toward establishing a 6GW integrated solar module and cell manufacturing facility. The land will serve as the foundation for Emmvee’s ambitious backward integration strategy, which is expected to enhance cost control, stabilize margins, and strengthen the company’s supply chain resilience.

Key Highlights:
- Emmvee Energy Private Limited has completed all payments of ₹211.58 crore to KIADB for the 100-acre land allotment.
- The new facility will support the production of 6GW of integrated solar modules and cells, positioning Emmvee as a major player in India’s renewable energy sector.
- Backward integration will enable Emmvee to control more stages of the manufacturing process, reducing dependency on imports and geopolitical risks.
- The project aligns with India’s push for self-reliance in solar manufacturing and is expected to create thousands of jobs in the region.
- The company plans to operationalize the facility by 2027, further solidifying its position as an early mover in advanced solar technologies like TOPCon.

Source: NSE/BSE Corporate Announcements, Marketscreener, Rediff Money, EquityBulls, Scanx Trade