Insolation Energy Limited (IEL), a leading player in India's solar energy sector, has significantly expanded its operational capacity by incorporating 16 new wholly-owned subsidiaries through its subsidiary, Insolation Green Energy Private Limited. This strategic move, executed over three days from September 9 to 11, 2025, positions IEL for substantial growth in the solar power industry.

Rapid Expansion in Solar Infrastructure

The newly formed subsidiaries, all registered as Special Purpose Vehicles (SPVs), are designed to set up and operate solar power plants across various locations. Each SPV is incorporated with an authorized share capital of Rs. 1.00 lakh, divided into 10,000 equity shares of Rs. 10.00 each. This structure allows for focused management and potentially easier project financing for each solar installation.

Diverse Portfolio of Solar Projects

The 16 new entities include:

Comprehensive Solar Solutions

These SPVs are set to engage in a wide range of solar energy activities, including:

• Solar power plant development
• Erection, installation, and construction of solar facilities
• Operation and maintenance of solar power plants
• Consultancy services for renewable energy projects
• Design, supply, and commissioning of rooftop solar photovoltaic power projects

Strategic Implications

This rapid expansion suggests that Insolation Energy Limited is positioning itself to capitalize on the growing demand for solar energy solutions in India. By creating dedicated entities for various projects, the company can potentially streamline operations, manage risks more effectively, and accelerate the deployment of solar infrastructure across different regions.

Market Response and Future Outlook

While the newly incorporated subsidiaries are yet to commence business operations, this move signals IEL's ambitious growth plans in the renewable energy sector. The company's strategy aligns with India's push towards clean energy and could potentially lead to significant market share gains in the coming years.

As these subsidiaries begin operations, investors and industry observers will be keen to see how quickly Insolation Energy can translate this corporate restructuring into tangible solar power capacity and revenue growth.

Regulatory Compliance

Insolation Energy Limited has ensured full compliance with regulatory requirements, making timely disclosures to the BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company's proactive approach in creating these subsidiaries demonstrates its commitment to expanding its solar energy portfolio and contributing to India's renewable energy goals. As the solar sector continues to grow, Insolation Energy Limited appears well-positioned to play a significant role in shaping the country's green energy landscape.

Insolation Energy Limited (IEL), a leading solar panel manufacturer in India, has announced significant developments that underscore its growth trajectory in the renewable energy sector. The company's subsidiary has secured a substantial order, further solidifying its position in the solar energy market.

Major Order Win

Insolation Green Energy Private Limited, a wholly-owned subsidiary of IEL, has secured a significant sale order valued at ₹143.20 crore (inclusive of GST) from Zetwerk Manufacturing Businesses Private Limited. The order is for the supply of solar modules, highlighting the company's strong position in the solar energy market.

Key Details of the Order

Additional Information

• This is a domestic transaction with no related party involvement.
• There is no promoter group interest in the awarding entity.

The recent development, including the significant order win, reflects Insolation Energy's robust growth strategy and its positioning to capitalize on the expanding opportunities in the solar energy market. This order further strengthens the company's order book and demonstrates the increasing demand for solar modules in India's growing renewable energy sector.