Cosmic PV Power Secures 60 Acres for 4 GW Solar Cell Facility in Madhya Pradesh

In a major boost to its expansion plans, Cosmic PV Power Ltd. has been allotted 60 acres (approx. 2,42,811 sq. metres) of industrial land in the Manufacturing Zone of Narmadapuram by the Government of Madhya Pradesh.

According to the company, the newly allotted land will be used to set up a state-of-the-art 4 GW solar cell manufacturing facility, to be developed in phases. The upcoming plant is expected to enhance production efficiency, diversify the company’s product portfolio, and strengthen its vertical integration across the solar and energy-related manufacturing sectors.

The proposed facility is also expected to generate substantial employment opportunities and contribute to regional industrial development, aligning with India’s broader vision of clean and sustainable growth.

“The allotment of land in Narmadapuram represents a pivotal step toward expanding our manufacturing footprint and contributing to the country’s clean energy goals,” the company said in an official statement.

It may be noted, under Chief Minister Dr. Mohan Yadav’s leadership, Madhya Pradesh’s Mohasa-Babai Industrial Area in Narmadapuram is emerging as a national hub for green energy manufacturing. Developed as a Green Field Manufacturing Zone, the project spans 1,435 acres across two phases. Phase 1 includes 22 units on 514.5 acres with investments of INR 17,750 crore and potential 21,777 jobs, with companies like U Energy, Lendmill Green Energy, and Rage Green Energy already under construction.

Phase 2 comprises 9 units on 551 acres, including 7 renewable energy manufacturing units, with INR 39,210 crore investment and 14,777 jobs. Key investors include Satvik Solar, Cosmic PV Power, Gautam Solar, Oriana Power, among others. Attractive concessions include 25 percent  land premium, 20-year development fee installments, 100 percent stamp duty reimbursement, and subsidised water. The project aims to reduce India’s import dependence, promote sustainable industrial growth, generate employment, and position Madhya Pradesh as a leading renewable energy and energy equipment manufacturing hub nationally and globally.