Novasys Greenergy targets Rs. 1,000 Cr revenue by 2025
Novasys Greenergy, hailing from Nagpur, Maharashtra, shines bright as a leading solar module manufacturer! Started as an EPC player in 2016, they’ve already completed 25 MW projects in Maharashtra and Chhattisgarh.
In 2022, Novasys ventured into solar module production with a 300 MW facility, swiftly expanding to 600 MW by 2023. Now, they’re gearing up to hit a whopping 1.2 GW annual production capacity in next 2 months!
With sights set on a Rs. 1,000 Cr revenue by 2025, Novasys Greenergy’s President Ashok Singh shares their vision for a sustainable future. From launching Mono PERC 395 Wp modules to investing Rs. 35 Cr for expansion, Novasys is trailblazing!
Takeaways from the exclusive interview:
* Pioneers in Mono PERC modules
* Growth fueled by supportive policies and rising demand
* Investment of Rs. 35 Cr for expansion
* FY 2024 turnover: Rs. 500 Cr; FY 23: Rs. 350 Cr
* India’s solar industry on track for self-sufficiency in raw materials within 2-3 years
* Message to customers: Trust Indian manufacturers for world-class products!
