Insolation Energy Expands Solar Portfolio with New Subsidiary MGVI Green Infra Four 3 days ago
Insolation Energy Limited has incorporated a new subsidiary, MGVI Green Infra Four Private Limited, on July 23, 2025, with an authorized share capital of ₹1,00,000. The company holds a 60% stake in the subsidiary, which will focus on solar power plant development, installation, maintenance, and consultancy services. This strategic move aims to strengthen Insolation Energy's position in the renewable energy sector.
Insolation Energy Limited Expands Solar Footprint with New Subsidiary MGVI Green Infra Four 3 days ago
Insolation Energy's Subsidiary Secures 109.79 MW Solar Project Under PM-KUSUM Scheme Jun 30, 2025
Insolation Energy Reports Robust H2 Performance with Significant Revenue and Profit Growth May 26, 2025
Insolation Energy Bolsters Green Energy Portfolio with ₹250.75 Crore Investment in Subsidiary Apr 25, 2025
More news about Insolation Energy
24Apr 25
Insolation Energy Bolsters Green Energy Subsidiary with ₹250.75 Crore Investment
Insolation Energy Limited (IEL) has invested ₹250.75 crore in its wholly owned subsidiary, Insolation Green Energy Private Limited (IGEPL), by subscribing to 8,08,886 equity shares at ₹3,100 per share. IGEPL, specializing in Solar PV Module manufacturing, has shown exponential growth with turnover increasing from ₹2,571.08 lakhs in FY 2022-23 to ₹50,788.75 lakhs in FY 2023-24. This investment aligns with IEL's strategy to expand its solar energy capabilities and capitalize on the growing renewable energy market in India.
09Apr 25
Insolation Energy Reports 80.49% Revenue Surge in FY 2025
Insolation Energy Limited achieved consolidated unaudited provisional revenue of ₹1,338.00 crore for FY 2025, marking an 80.49% year-over-year growth. The company plans to expand its capacity by 3GW through its subsidiary, with 2GW starting production in Q1 FY 2025-26 and 1GW in Q2, bringing total capacity to 4GW. Management anticipates improved performance in revenue and profitability for FY 2025-26.
20Mar 25
Insolation Energy Secures 38.43 MW Solar Project with ₹134 Crore Investment
Insolation Energy Limited has won a 38.43 MW solar project under the PM KUSUM SCHEME, involving a ₹134 crore investment. The project spans 28 sites across Ajmer and Jaipur, with a projected annual revenue of ₹18.34 crore. The company will design, install, and maintain grid-connected solar power plants for 25 years, with completion expected in FY 2025-26. This expansion reinforces Insolation Energy's position in India's renewable energy sector.
20Mar 25
Insolation Energy Secures Major Solar Power Projects Worth ₹134.00 Crore
Insolation Energy Limited has been awarded multiple solar power projects in Rajasthan under the PM KUSUM Scheme - Component A, totaling 38.43 MW capacity. The projects, valued at ₹134.00 crore, span 28 sites across Ajmer and Jaipur Vidyut Vitran Nigam Limited. With competitive tariff rates, the company projects an annual revenue of ₹18.34 crore from these installations. The scope includes design, installation, and 25-year maintenance of grid-connected solar power plants, to be executed in FY 2025-26.
19Mar 25
Insolation Energy's Subsidiary Secures Record-Breaking 733 Crore Rupee Order for Solar PV Modules
Insolation Energy's subsidiary has received its largest-ever order worth 733.04 crore rupees from KPI Green Energy Limited for Solar PV Modules. The order is split into two parts: 513.13 crore rupees and 219.91 crore rupees, both for GUVNL projects. Delivery is scheduled between June 2025 and March 2026. This order comes in addition to a previously announced 372.20 crore rupee order, significantly boosting the company's order book and potential future earnings.
18Mar 25
Insolation Energy Secures Orders Worth ₹372.20 Crore, Boosting Solar Energy Initiatives in Rajasthan
Insolation Energy Limited has won two major orders totaling ₹372.20 crore. The company received a ₹340.20 crore Letter of Award from Rajasthan Renewable Energy Corporation Limited for a rooftop solar project across three districts, including 25 years of maintenance. Additionally, they secured a ₹32.00 crore order from Teerth Gopicon Limited for 46,297 Solar Photovoltaic MONO Crystalline Modules. Both projects, totaling 78 MW, are set for execution in FY 2025-26, significantly boosting the company's order book and reinforcing its position in India's renewable energy sector.
02Mar 25
Insolation Energy Expands Solar Footprint with New Subsidiary
Insolation Energy Limited has incorporated a new subsidiary, MGVI Green Infra Two Private Limited, with an authorized share capital of ₹1,00,000. The subsidiary will focus on solar power plant development, installation, maintenance, and consultancy services. Insolation Energy owns 60% of the new entity, while promoters Mr. Manish Gupta and Mr. Vikas Jain each hold 20%. This strategic move aims to strengthen the company's presence in the renewable energy sector.