It has partnered with Ahmedabad-based Vishakha Group to form what is says is India’s largest solar glass manufacturing plant.
The greenfield site at Mundra, Gujarat will have a phase-1 capacity of up to 3GW.
The plant is expected to be commissioned within 18-24 months and AIS will take a minority stake in the business.
Vishakha Group is a manufacturer of flexible polymer packaging. It also has manufacturing facilities for other key components in the entire solar panel value chain such as solar backsheets, EVA encapsulant sheets and solar module aluminium frames.
As part of its commitment to the Paris Climate Agreement, India has now embarked on a target of generating 450 GW of renewable energy by year 2030.
This has led to a surge in demand for solar power in India, resulting in a demand for solar power equipment and solar glass.
- possibly, a greenfield expansion of a fourth float glass plant for external sale,
- one additional (total 2) greenfield solar (patterned) glass plant, in a minority partnership with Vishakha Group, and