According to foreign media reports, Agastya Energy, a unit of the Anubhav Agarwal Group, plans to build a joint venture at Orvakal in Kurnoo, Andhra Pradesh, India, A silicon ingot and wafer manufacturing plant will be built in the industrial zone, with a proposed investment of INR 78 billion (about RMB 5.5 billion, 1 RMB ≈ INR 14.2).
It is reported that the factory will have 12 GW silicon ingot and silicon wafer manufacturing capacity respectively, and form a complete set of photovoltaic cell and module manufacturing business in the above company's planning. Piyush Bichhoriya, director
of Agastya Energy, said, "The entry into silicon ingot and wafer manufacturing is a crucial upstream pillar of the company's integrated PV manufacturing strategy.". This will improve the company's existing battery and component production capacity and further consolidate the full-link photovoltaic value chain. At the same time, it will deepen the company's layout in the whole photovoltaic industry chain, enhance the value-added capacity of local industries, and form synergies among manufacturing, independent power producers (IPP) and EPC business. In October
2025, the Agastya Energy Industries Pvt. Ltd. Announced plans to invest 70 billion Indian rupees to build a 5G W photovoltaic cell and 5G W module manufacturing plant in Kanur, Andhra Pradesh. The plant is planned to adopt TOPC on double-sided technology, covering an area of about 120 acres (about 728.43 acres), and will be constructed in two phases, with 2G W battery and module production capacity in the first phase.
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