INA Solar Secures INR 558 Crore Solar Module Supply Order from NTPC Renewable Energy
Insolation Green Energy, a wholly owned subsidiary of Insolation Energy, has secured an INR 558.29 crore contract from NTPC Renewable Energy for the supply of solar PV modules.
July 10, 2026. By Mrinmoy Dey
The order has been awarded by NTPC Renewable Energy as part of its ongoing solar power capacity expansion and involves the supply of solar PV modules. The contract is scheduled to be executed during FY 2026-27, according to a regulatory filing by Insolation Energy.
In FY26, the company's revenue from operations surged to INR 2,163.52 crore from INR 1,343.62 crore in FY 25, marking a 61.02 percent YoY growth. Net profit jumped by 59.75 percent to INR 200.63 crore in FY26 from INR 125.59 crore in FY25.
The company also expanded its module manufacturing capacity to 5.5 GW, supported by the ramp-up at its highly automated INA3 manufacturing facility. The company also reported progress on its strategic backward integration plan of developing a 4.5 GW TOPCon solar cell manufacturing facility and an 18,000 MTPA aluminium frame manufacturing facility at Narmadapuram, Madhya Pradesh.
Additionally, the company advanced execution across KUSUM-linked projects and further expanded its Independent Power Producer (IPP) portfolio of around 400 MW.
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