Energetica India Magazine - November 2025

Ahead of Major Energy Shift, IEW 2026 Prepares to Convene Global Energy Dialogues in Goa India Energy Week (IEW) 2026, sched- uled to take place from 27-30 January in Goa, is set to unite world energy leaders, policymakers, innovators and industry stalwarts at a critical moment in the global energy transition. Organ- ised under the aegis of the Ministry of Petroleum and Natural Gas, the 4th edition of IEW is touted to be amongst the world’s largest energy platforms with over 700 exhibiting companies, 550 speakers and 120+ conference sessions. From hydrogen and biofuels to renew- able energy, LNG, nuclear, digitisation, and AI, it will be conducted under the backdrop of city gas distribution and petrochemicals, with an aim to establish a diversified and robust energy ecosys - tem. The conference is being held at a critical moment for India, the world’s fastest-growing major economy, which is also the third-largest energy user. The nation is confronted by the two-fold challenge of providing energy security and, at the same time, scaling up clean energy swiftly. IEW 2026 aims to be a strategic platform to elevate these am- bitions through high-level ministerial roundtables, CEO dialogues, and in- ternational collaborations. The coun- try is wrestling with providing energy security while drastically ramping up clean energy. With targets of 500 GW of non-fossil fuel capacity by 2030, and a plan to expand natural gas to 15 per- cent of the energy mix, India is making bold reforms and investments estimated at USD 150 billion to forge a low-carbon future. This year, IEW seeks to enhance India’s position as a key voice in global energy diplomacy through key themes of af- fordability, equity, investment, work- force, resilience and technology innova- tion. ENERGY UPDATES Emmvee Photovoltaic Makes Market Debut with INR 2,900 Crore IPO Emmvee Photovoltaic made its debut on the Indian stock exchanges, listing at INR 217 per share on the BSE. The stock also opened at INR 217 on the NSE. The Bengaluru-based solar module and cell manufacturer’s INR 2,900 crore ini- tial public offering (IPO) was priced in the INR 206-217 per share range. The company filed the draft red herring prospectus (DRHP) in July 2025. As per the DRHP, the IPO proceeds will primarily be used to repay borrowings, with INR 1,607.90 crore allocated to clear over 59 percent of its consolidated debt. A significant portion of this debt stems from loans sanctioned by the In- dian Renewable Energy Development Agency (IREDA) for Emmvee’s large- scale TOPCon solar PV manufacturing projects. The remaining funds will be used for working capital and general corporate purposes. JM Financial, Jefferies India, IIFL Capital Services, and Kotak Mahindra Capital were the book-running lead managers, while KFin Technologies was appointed as the registrar to the issue. As of May 2025, Emmvee had a mod- ule manufacturing capacity of 7.80 GW and a cell capacity of 2.94 GW, with ad- ditional facilities in the pipeline. A 2.50 GW module line is expected to come on- line by FY26, and a 6 GW integrated so- lar cell and module plant is slated to be- gin operations in the first half of FY28. The company has seen strong growth in orders, with its order book rising from 4.89 GW in March 2025 to 5.26 GW by May 2025. Emmvee posted a total income of INR 2,360.33 crore in FY25, up by 147.3 per- cent from INR 954.44 crore in FY24. Its profit after tax (PAT) increased to INR 369.01 crore, up over 1,177 percent from INR 28.90 crore the previous year. energetica INDIA- November_2025 12