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Insolation Green Energy Bags Rs 516 Crore Solar Module Supply Orders

Insolation Energy (INA Solar) announced that its wholly owned subsidiary, Insolation Green Energy, has secured solar PV module supply orders worth Rs516.05 crore across both IPP projects and installations under the PM-KUSUM scheme.

According to the company’s regulatory filing, Insolation Green Energy received a major purchase order of Rs357 crore from a leading independent power producer for the supply of N-Type TOPCon solar PV modules.

In addition, the subsidiary has obtained multiple orders totaling Rs159.05 crore for supplying solar modules to various developers executing projects under the PM-KUSUM program in Andhra Pradesh.

Earlier, in September 2025, Insolation Green Energy received Letters of Intent for developing 226.45 MW of solar capacity in Rajasthan under Component-A of the PM-KUSUM Yojana. The company estimates an investment requirement of Rs750 crore for these plants, which are projected to generate annual revenue of roughly Rs98.47 crore.

On the financial front, Insolation Energy reported a 25.6% year-on-year increase in revenue for H1 FY26, reaching Rs776.7 crore. The growth has been supported by the commissioning of a new 3 GW solar module manufacturing facility, with an additional 1.5 GW scheduled to become operational by Q3 FY26. The company’s 4.5 GW solar cell plant is expected to go live by H2 FY27.