Emmvee Photovoltaic Power Limited

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About the Company

Emmvee Photovoltaic Power is a leading solar module manufacturer in India, ranked as the second largest pure-play integrated solar PV module and cell producer by capacity as of March 2025. With over 18 years of experience, they operate 7.80 GW of module and 2.94 GW of cell capacity, including advanced TOPCon technology for higher-efficiency solar cells. By FY 2028, they aim to expand this to 16.30 GW of module and 8.94 GW of cell capacity through new production lines. Their portfolio includes bifacial and mono-facial TOPCon and Mono PERC modules designed for superior performance and efficiency and are certified under MNRE’s ALMM List I and hold a 5.1% share of ALMM-enlisted module capacity, enabling them to supply to government projects and DCR-mandated schemes like CPSU, PM-KUSUM, and PM Surya Ghar. Their inclusion in ALMM List II for solar cells also positions them favorably for growth in the domestic solar content market. With upcoming ALMM rules mandating both modules and cells be sourced from domestic producers from June 2026, their integrated model strengthens their competitive advantage in India’s rapidly growing solar energy ecosystem. Discuss on Trading Q&A