Welcome to Multibagg AI
Log in to access personalized features
Portfolio
Alerts
IRIS
Discovery
Timeline
Multibagg AI is an AI powered stock research and analysis platform. We provide data, information, content, and analytics for publicly traded Indian companies listed on NSE and BSE. AI can make mistakes, check important information.
Prices might be delayed by a few minutes.
Join our Exclusive Community
Join our Exclusive Community
Made with 💙 in India. © Finsky Technologies Pvt Ltd. 2026
Key highlights
powered by IRIS
Citizen Solar Limited began commercial production of solar photovoltaic, or PV, modules at its 1.2 gigawatt, or GW, Phase I facility in Ankhol, Gujarat, on November 5, 2026. The start-up puts Unit-2 in Mehsana district into commercial operation and adds the disclosed 1.2 GW module-manufacturing capacity under Citizen Solar's Ankhol expansion project.
Know Citizen Solar inside out
Results, valuation, peers and who's buying, in one view.
Citizen Solar began commercial production at its Ankhol Unit-2 facility on November 5, 2026. The company disclosed the commencement to BSE Limited under Regulation 30 of the Securities and Exchange Board of India, or SEBI, Listing Regulations, identifying the site as Survey No. 96/1, Village Ankhol, Taluka Kadi, District Mehsana, Gujarat 384440.
The November 5, 2026 announcement concerns commercial production, not a proposed construction project. Citizen Solar said production commenced under Phase I of the Ankhol project, with approximately 1.2 GW of solar PV module capacity. The filing does not state a construction-completion date, commissioning schedule, capital investment, initial production volume or capacity-utilisation level.
Unit-2 manufactures solar PV modules, the same activity Citizen Solar lists as its existing business. The disclosure therefore identifies an additional module-manufacturing location rather than a newly disclosed entry into another solar product category. It does not mention manufacturing of solar cells, inverters, batteries or solar power projects at the Ankhol facility.
Citizen Solar has disclosed installed capacity of 1.2 GW at Ankhol Unit-2. The company linked this capacity to Phase I in its November 5, 2026 filing, meaning 1.2 GW is the capacity stated to have entered commercial production at that stage rather than a disclosed company-wide manufacturing total.
The main announcement describes Phase I capacity as approximately 1.2 GW, while the annexure lists installed capacity of 1.2 GW at Unit-2. Citizen Solar has not provided a separate figure for annual output, production during the opening period or the proportion of installed capacity expected to be used after the November 5, 2026 start.
Citizen Solar separately lists Unit-1 at Survey No. 966, Village Indrad, Chhatral Kadi Road, Taluka Kadi, District Mehsana. While both Unit-1 and the new Unit-2 are in Taluka Kadi, the filing gives no installed-capacity figure for Unit-1. As a result, it does not disclose a numerical before-and-after total for Citizen Solar's overall module-manufacturing capacity.
Got a follow-up? Ask IRIS
Citizen Solar says the 1.2 GW Phase I start-up is intended to enhance manufacturing capacity, strengthen operational capabilities and expand its business presence in the sector. In the November 5, 2026 filing, the company described the commencement of commercial production at Ankhol as a milestone in its manufacturing expansion plans.
The mechanism stated by Citizen Solar is the added module-manufacturing capacity at Unit-2. The company said the facility is expected to improve its operational scale and help it cater to growing demand for solar modules in domestic and other relevant markets. It did not identify overseas markets, named customers or contracted sales volumes for the 1.2 GW capacity.
The rationale in the annexure is limited to manufacturing expansion, operational capabilities and business presence. Citizen Solar did not disclose revenue forecasts, operating-margin expectations, module prices, manufacturing costs, capital expenditure or funding arrangements for the Ankhol facility in its November 5, 2026 announcement.
The factory addresses place the new 1.2 GW Unit-2 in the same Mehsana district as Citizen Solar's listed Unit-1. However, the filing does not say whether the Ankhol and Indrad units share suppliers, logistics infrastructure, technology, workforce or other operating resources. Those links cannot be inferred from the disclosed locations alone.
For Citizen Solar, Phase I refers to the 1.2 GW solar PV module capacity at Unit-2 that began commercial production on November 5, 2026. The company explicitly connects the Phase I designation and the 1.2 GW figure, rather than presenting that capacity as a final total for the entire Ankhol site.
Citizen Solar has not disclosed whether further phases are planned, the capacity of any future phases, their cost or their completion dates. The confirmed event is therefore limited to Phase I becoming commercially operational with 1.2 GW of installed solar PV module capacity on November 5, 2026.
The operational change disclosed is from an Ankhol expansion project to commercial production at Unit-2. Citizen Solar said the facility is expected to enhance its overall module-manufacturing capacity, but did not state its total post-start-up capacity, a production ramp-up target or an expected utilisation percentage for the 1.2 GW plant.
The announcement also does not quantify the commercial effect of the start-up. There is no disclosure of orders, customer allocations, shipment schedules or financial contribution from Unit-2. Citizen Solar's stated expectation is that the plant will support future growth by serving domestic and other relevant markets.
Citizen Solar has placed a 1.2 GW Phase I solar PV module facility at Ankhol into commercial production from November 5, 2026. The addition is a defined operational expansion at Unit-2 in Mehsana district, with the company expecting it to increase manufacturing capacity, operational scale and its ability to address module demand.
What to watch next is the operating detail Citizen Solar has not yet disclosed for the 1.2 GW facility. The company has not set out a production ramp-up target, capacity-utilisation target, customer base, further-phase timeline, combined manufacturing-capacity figure or financial contribution for Ankhol Unit-2.
On this page
See what broke. See what stood.
More on Citizen Solar Ltd
