Emmvee Photovoltaic Projects ₹5000 Crore Revenue Target Amid Capacity Expansion
Emmvee Photovoltaic Power reported a Q3FY26 net profit of ₹263.6 crore and revenues of ₹1,152.3 crore, with plans to expand capacity by adding 6 GW of cell and module production within 12 to 18 months, requiring an investment of ₹3,500 crore. The company targets revenues of nearly ₹5,000 crore this year, up from ₹2,300 crore last year, to meet rising domestic demand despite cell price fluctuations. Emmvee also advocates for a dedicated Green Bank to support renewable project funding.
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Emmvee Photovoltaic Power reported a Q3FY26 net profit of ₹263.6 crore and revenues of ₹1,152.3 crore. The company plans to expand its capacity by adding 6 GW of cell and module production operational in 12 to 18 months, requiring ₹3,500 crore investment.
Emmvee is targeting revenues of nearly ₹5000 crore this year, up from ₹2300 crore last year. The firm aims to deliver 6.3 GW within the next 18 months and is responding to increasing domestic demand despite fluctuations in cell prices. Emmvee supports the establishment of a dedicated Green Bank to fund renewable projects.
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