Economy, Banking and Finance · 17 June 2026
Navitas Solar plans ₹1,500 crore investment for 3.6 GW solar cell plant in Gujarat
Exam-focused facts from the 17 June 2026 current affairs briefing.
Key facts
- Navitas Solar has announced a proposed investment of ₹1,500 crore to set up a 3.6 GW high-efficiency solar cell manufacturing facility in Gujarat.
- The facility will also include a pilot wafer and ingot production line as part of backward integration.
- Phase I of the project is targeted for commissioning in 2027.
- The project is expected to generate nearly 1,000 employment opportunities in manufacturing, engineering, and other functions.
- The company has secured technology tie-ups and appointed senior leadership to spearhead the new business vertical.