· Manufacturing & Investment · Source: business-standard.com

Swelect Energy Plans ₹4,500-Crore Investment, Eyes Solar Ingot and Wafer Manufacturing

Chennai-based Swelect Energy Systems plans to invest about ₹4,500 crore over three years, mainly to scale its independent power producer portfolio from 180 MW to around 450 MW initially (₹1,200 crore) and over 1 GW within two to three years. It is exploring a ₹600 crore ingot and wafer venture in Tamil Nadu, in early partner talks, and targets revenue growth from about ₹700 crore to ₹1,500 crore by FY28.

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