Insolation Energy’s Subsidiary Bags ₹558.29-Crore Solar Module Order from NTPC Renewable Energy

Insolation Energy Limited has secured a major domestic order worth ₹558.29 crore (inclusive of GST) through its wholly owned subsidiary, Insolation Green Energy Private Limited (IGEPL). The contract has been awarded by NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Limited, for the supply of solar photovoltaic (PV) modules. The order is scheduled to be executed during the financial year 2026–27.

The contract marks another significant addition to Insolation Energy’s order book and reinforces the company’s growing presence in India’s renewable energy manufacturing sector. The supply of high-quality solar PV modules will support NTPC Renewable Energy’s expanding clean energy portfolio and contribute to the country’s ongoing transition towards low-carbon power generation.

According to the company’s regulatory disclosure, the order is classified as a domestic contract and will be executed over the course of FY 2026–27. The announcement was made in compliance with SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, reflecting the material nature of the project.

The latest order is expected to strengthen Insolation Energy’s revenue visibility and further enhance its position in the rapidly expanding solar manufacturing industry. With increasing investments in utility-scale renewable energy projects across the country, demand for domestically manufactured solar modules continues to rise, creating significant growth opportunities for Indian manufacturers.

The award also highlights NTPC Renewable Energy’s continued focus on expanding its renewable energy capacity through large-scale solar projects. As one of India’s leading clean energy developers, the company has been actively procuring equipment and infrastructure to support its ambitious renewable energy targets, in line with the country’s broader objective of accelerating the adoption of sustainable energy solutions.