New Delhi-based solar and waste-to-energy company SAEL Industries will invest approximately ₹82 billion (~$953.78 million) through its subsidiary, SAEL Solar P6, to set up an integrated solar manufacturing facility in Greater Noida, Uttar Pradesh.

This facility will be under the jurisdiction of the Yamuna Expressway Industrial Development Authority.

The facility will comprise a 5 GW solar cell manufacturing unit and a 5 GW solar module manufacturing line. SAEL’s total solar manufacturing capacity will increase to 8.5 GW after this project is operationalized.

The facility will produce tunnel oxide passivated contact (TOPCon) solar cells, which will be assembled into solar panels at its in-house module manufacturing line.

The project is expected to begin construction this year.

SAEL Industries has over 6.7 GW of solar independent power producer (IPP) assets. These assets include operational and under-construction projects throughout India.  It also has a 3.2 GW TOPCon module assembly capacity in Rajasthan and a 300 MW assembly capacity in Punjab.

The company said the investment announcement is part of its backward integration strategy to support its growing solar IPP business and the domestic solar value chain.

India added 25.3 GW of solar module capacity and 11.6 GW of solar cell capacity in 2024, according to Mercom’s State of Solar PV Manufacturing in India 2025 report.

In May this year, SAEL Industries’ subsidiary SAEL Solar MHP secured debt finance of $132 million from the Asian Infrastructure Investment Bank, the New Development Bank, and Societe Generale to develop a 300 MW solar power project in Andhra Pradesh.

SAEL was among the winners of Gujarat Urja Vikas Nigam’s auction to supply power from 250 MW grid-connected solar power projects anywhere in India with a greenshoe option of 250 MW. It won 100 MW out of the quoted capacity of 200 MW at a tariff of ₹2.60 (~$0.0299)/kWh.