Solex Energy is considering investments in the United States as part of a $1.5 bn roadmap through 2030, according to chairman and managing director Chetan Shah. The Gujarat-based company currently operates a 4 GW module facility and plans to increase module capacity to 10 GW. It is also establishing 10 GW of cell capacity and 2 GW of ingot and wafer production.
The proposed US facilities remain under evaluation, with locations, investment requirements and other details yet to be disclosed. Solex is assessing the opportunities in response to US demand for clean-energy components and trade conditions affecting Chinese imports. The company has not announced a construction schedule or final investment allocation between India and the US.
The capacity figures require caution because installed capacity does not necessarily represent operating output. Shah said much of India’s module capacity uses older mono PERC technology and that several facilities are non-operational, while newer plants have been established for TOPCon modules. The information available does not provide utilisation rates, production volumes or a technology-wise breakdown of functioning plants, preventing a precise assessment of the effective gap.
The issue also has implications for India’s Approved List of Models and Manufacturers framework, or ALMM-II, which links solar deployment to approved domestic sourcing. Shah said the industry supports the government’s objectives but has sought an extension of ALMM-II by at least 12 months because of current cell availability. That remains an industry request rather than a government decision.
Solex’s plans illustrate the need to assess manufacturing strength by operational capacity and supply-chain depth rather than headline announcements alone. The company’s next disclosures will need to clarify the commissioning timeline for its Indian facilities, the usability of existing module capacity and the location and scale of its proposed US projects.
India has reported solar module manufacturing capacity of about 262 GW, compared with around 37 GW of cell capacity as of October 2026, highlighting a significant imbalance in the renewable-energy supply chain. The gap has emerged as manufacturers expand module production while domestic availability of cells and upstream components remains more limited. Solex Energy is considering investments in the United States as part of a $1.5 bn roadmap through 2030, according to chairman and managing director Chetan Shah. The Gujarat-based company currently operates a 4 GW module facility and plans to increase module capacity to 10 GW. It is also establishing 10 GW of cell capacity and 2 GW of ingot and wafer production. The proposed US facilities remain under evaluation, with locations, investment requirements and other details yet to be disclosed. Solex is assessing the opportunities in response to US demand for clean-energy components and trade conditions affecting Chinese imports. The company has not announced a construction schedule or final investment allocation between India and the US. The capacity figures require caution because installed capacity does not necessarily represent operating output. Shah said much of India’s module capacity uses older mono PERC technology and that several facilities are non-operational, while newer plants have been established for TOPCon modules. The information available does not provide utilisation rates, production volumes or a technology-wise breakdown of functioning plants, preventing a precise assessment of the effective gap. The issue also has implications for India’s Approved List of Models and Manufacturers framework, or ALMM-II, which links solar deployment to approved domestic sourcing. Shah said the industry supports the government’s objectives but has sought an extension of ALMM-II by at least 12 months because of current cell availability. That remains an industry request rather than a government decision. Solex’s plans illustrate the need to assess manufacturing strength by operational capacity and supply-chain depth rather than headline announcements alone. The company’s next disclosures will need to clarify the commissioning timeline for its Indian facilities, the usability of existing module capacity and the location and scale of its proposed US projects.
Jupiter Wagons has secured private-sector orders worth more than Rs. 3.24 bn from GATX India and Chetak International for its ACT2 automobile carrier wagons. The company announced the orders on 2 November 2026, saying the contracts would strengthen its business with private wagon-leasing and logistics operators. GATX India has issued a Letter of Intent (LOI) for the manufacture and supply of 10 rakes comprising 270 ACT2 wagons. The LOI is valued at Rs. 2.15 bn and covers the production and delivery of the company’s new-design automobile carrier platform. Chetak International has separately p..
Tata Motors has taken control of Italian commercial-vehicle maker Iveco after acquiring an 89.42 per cent stake for approximately €3.43 bn, or Rs. 363.87 bn. The transaction gives India’s largest commercial-vehicle manufacturer control of a European business with annual revenue of Rs. 1.42 tn, while shifting attention to integration, cash-flow generation and repayment of acquisition debt. TML CV Holdings B.V., Tata Motors’ indirect wholly owned subsidiary, acquired 238.16 mn common shares at €14.40 apiece. The holding represents 89.42 per cent of Iveco’s common share capital, excludi..
Ambuja Cements will invest Rs. 145 bn to expand its cement capacity to 155 mn tonnes per annum by fiscal 2030. The planned investment, equivalent to $1.53 bn, will increase production capacity from the company’s current level of 113.5 MTPA. The company expects capacity to reach 119 MTPA by March 2027, with the wider expansion programme adding facilities across several major cement markets. The investment is intended to support the company’s long-term growth and strengthen its manufacturing network in India. The new capacity will be developed across Assam, Bihar, Jharkhand, Gujarat, Maharas..
Get daily newsletters around different themes from Construction world.
Don’t miss out on valuable insights and opportunities
to connect with like minded professionals
A-303, Navbharat Estates, Zakaria Bunder Road, Sewri (West), Mumbai – 400 015, Maharashtra, India
By creating an account, you agree to our Terms and Conditions and have read and acknowledge the Privacy Policy
test
Don’t miss out on valuable insights and opportunities
to connect with like minded professionals
By creating an account, you agree to our Terms and Conditions and have read and acknowledge the Privacy Policy
test
