Oswal Pumps Limited, through its wholly owned subsidiary Oswal Solar Energy Private Limited (OSEPL), has approved plans to establish a 1.2 GW TOPCon solar cell manufacturing facility, with commercial production expected to begin by April 2028.
The project entails an estimated investment of ₹456 crore and aims to strengthen the company’s backward integration across the solar manufacturing value chain.
The facility’s entire output will be used for captive consumption in the company’s in-house solar module manufacturing lines. It is expected to meet approximately 75% of Oswal Solar Energy’s total solar cell requirements, reducing dependence on external suppliers.
The investment is also intended to secure domestic-content-compliant solar cells for government-backed programmes such as PM-KUSUM and PM Surya Ghar, while improving supply reliability, cost control and manufacturing efficiency.
By bringing solar cell production in-house, Oswal Pumps aims to strengthen its competitiveness and build a more integrated solar solutions business.
Source: Energetica India
