New Delhi, Sept. 8 -- Solar module manufacturer, Gautam Solar Private Limited (GSPL), has announced an investment of Rs. 4,000 crore for establishing a new state-of-the-art solar cell manufacturing facility in Madhya Pradesh.

As per a press release, the project will be developed on 54 acres of land in Gwalior, where the company will focus on producing advanced TOPCon solar cells with a total planned capacity of 5 GW.

"Implementation of the project has commenced with Phase 1, which will include setting up a solar cell manufacturing capacity of 2 GW. The development is expected to be completed by calendar year 2026. After the successful completion of Phase 1, Gautam Solar plans to launch an IPO to raise funds for Phase 2, which will have ...