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.