RAYZON Solar on track to start production at 5.1GW cell facility next month

New Delhi, Nov 4 (PTI) RAYZON Solar on Wednesday said that the company is on track to begin production at its upcoming 5.1 GW TOPCon cell facility, built with an investment of Rs 2,000 crore in Surat, next month.

     According to a company statement, initial deliveries are expected from the first quarter of 2027.

    The upcoming 5.1 GW TOPCon solar cell manufacturing facility represents a key milestone in RAYZON Solar’s expansion beyond module manufacturing, it said.

     Despite a shift from IPO proceeds to debt financing amid market volatility, the company remains focused on executing its manufacturing roadmap and building capabilities across the solar value chain.

     Looking ahead, RAYZON Solar plans to take its backward integration strategy further with a proposed 5.1 GW ingot casting and wafer slicing facility, targeted for development by 2028, the statement said. The company is engaging with multiple states to evaluate incentives and finalise a suitable location for the proposed project.

     The planned investment is intended to strengthen domestic upstream manufacturing capabilities and contribute to reducing India’s dependence on imported solar manufacturing inputs.

     Chirag Nakrani, Co-Founder, RAYZON Solar said in the statement, "The commissioning of our 5.1 GW TOPCon solar cell manufacturing facility in December 2026 will mark an important milestone in RAYZON Solar’s journey towards deeper backward integration."

     As we advance our cell manufacturing plans, our next phase of expansion will focus on a proposed 5.1 GW ingot casting and wafer slicing facility, targeted for 2028, Nakrani said.

     Hardik Kothiya, Co-Founder, RAYZON Solar added that our strategy is centred on building a technologically advanced and increasingly integrated solar manufacturing ecosystem in India.

(This story has not been edited by THE WEEK and is auto-generated from PTI)