Agastya Green Energy Announces ₹7,800 Crore Expansion into 12 GW Ingot-Wafer Plant at Orvakal

What Agastya Announced

Agastya Green Energy Limited announced its expansion into Integrated 12 GW Ingot and Wafer manufacturing at the Orvakal Industrial Area in Kurnool with a project cost of approximately ₹7,800 crore. The planned facility will have 12 GW each of ingot and wafer manufacturing capacity.

The expansion will complement the company's existing solar cell and module manufacturing capabilities, creating a more vertically integrated production platform spanning ingots, wafers, cells and modules.

Strategic Significance

This project represents a significant upstream integration for India's solar sector, reducing reliance on imports and aligning with the government's ALMM framework for wafers. The investment aligns with the government's push to integrate upstream solar manufacturing, helping companies meet future ALMM mandates for domestic wafers, with ALMM List-III for wafers expected to become mandatory by June 1, 2028.

The Kurnool facility will integrate ingot, wafer, solar cell and module production, potentially improving manufacturing efficiency and supply-chain resilience across upstream and downstream operations.

The Parent Company

Agastya sits inside the Anubhav Agarwal Group (AAG), whose core business is BN Group, one of north India's established edible oil companies. Founded in 2024, Agastya is a visionary venture shaped by the ethos of parent company BN Group, guided by its motto of "Building Nation", and is redefining energy solutions through sustainability.

Building on Earlier Plans

Agastya first went public in October 2025 with plans for an integrated 5 GW solar cell and 5 GW module facility on roughly 120 acres in Kurnool, backed by ₹7,000 crore. Less than a year later, the group has added a second ₹7,800 crore tranche for 12 GW of ingot and wafer capacity at the same Orvakal site, taking cumulative committed investment in Kurnool to roughly ₹14,800 crore and positioning Agastya for a genuinely full-stack ingot-to-module operation.

Employment & Development

The company performed a ceremony marking the start of the next phase of the company's growth, which is expected to generate more than 3,500 jobs. The Kurnool facility will integrate ingot, wafer, solar cell and module production, potentially improving manufacturing efficiency and supply-chain resilience across upstream and downstream operations.

The Orvakal Industrial Area

The Orvakal node in Kurnool District, spanning 2,621 acres, is being developed under the Hyderabad-Bengaluru Industrial Corridor with strategic location offering access to NH40, NH44, and Kurnool Bypass, ensuring robust road connectivity. In 2024, the Centre approved development of trunk infrastructure components for Orvakal Industrial Area among 12 new industrial smart city projects.

What Happens Next

Future updates on the project's construction timeline and the progress of the company's parallel 5 GW solar cell and module manufacturing plans are expected. The cell and module facility is being executed in two phases, with the first phase contributing 2 GW of capacity, with subsequent phases subject to market demand and strategic evaluations.