Emmvee Photovoltaic Power Ltd. IPO

We are primarily a solar module manufacturer and are the second largest pure-play integrated solar PV module and solar cell manufacturing company and one of the largest solar PV module manufacturers in India, each in terms of production capacity as of March 31, 2025. (Source: Crisil Report) As of ... June 30, 2025, we have a solar PV module production capacity of 7.80 GW and a solar cell production capacity of 2.94 GW. Our product portfolio comprises bifacial and mono-facial formats of TOPCon modules and cells, and Mono PERC modules. We are an ALMM-enlisted module manufacturer and operate four manufacturing units across two locations in Karnataka. We undertake our operations primarily as business-to-government (“B2G”) and business-to-business (“B2B”). We also undertake certain business-to-consumer (“B2C”) activities. Read more

India’s solar PV module and cell manufacturing capacities have surged from 21 GW and approximately 3.2 GW, respectively in March 2022 to 82 GW and 23 GW, respectively by March 2025, driven by government policies to reduce reliance on imports, market dynamics and a growing commitment to ... renewable energy. By the end of Fiscal 2030, domestic module and cell manufacturing industries’ nameplate capacities are expected to reach 175 GW to 185 GW and 85 GW to 95 GW, respectively. In this landscape, integrated manufacturing capabilities offer advantages such as improved efficiency, cost reduction, quality control, flexibility and supply chain security. Read more