Piyush Agarwal, Founder and Managing Director, GenX PV
India’s Delhi
- estimates that by the next fiscal year, revenue will have increased to INR 900 crore.
- intends to produce 18,000 metric tonnes of aluminium per year.
By early next year, GenX PV India, a leader in the production of split junction boxes with integrated diodes, intends to open a fully integrated aluminium frame manufacturing facility in Raipur. By producing 18,000 metric tonnes of aluminium a year, the plant would serve Indian solar panel producers and lessen dependency on Chinese imports. This facility will improve GenX PV’s capacity to produce aluminium frames internally by offering end-to-end solutions, including as extrusion, anodising, and cutting.
On the sidelines of its attendance at the Renewable Energy India Expo 2024 (October 3–5, India Expo Centre, Greater Noida, Hall 12, Booth No. R883), the statement was made. Together with the junction box’s backward integration, the Raipur plant will assist GENX PV in establishing itself as a full-service supplier of solar panel components. By FY25, the business wants to double its junction box production capacity in Bangalore from 20 GW to 50 GW.
Furthermore, GenX PV anticipates a remarkable increase in income, from INR 200 crores in FY24 to INR 900 crores by FY25. The business is still dedicated to research and development, creating cutting-edge, portable, and effective solar solutions while guaranteeing superior quality via stringent testing and creative technological integration. GenX PV stands out in the solar market because to its larger diodes, strict quality controls, and compliance with V0 flammability norms.
“With our fully integrated aluminium frame facility and backward integration into junction box manufacturing, GENX PV is not only expanding its capacity but also redefining the end-to-end ecosystem for solar panels,” stated Piyush Agarwal, Founder and Managing Director of GenX PV. Our cutting-edge product line, which includes sophisticated diodes and precisely designed parts, guarantees that we are satisfying the needs of the solar energy market of the future. We are providing our clients with unrivalled quality and efficiency by managing every element, from raw materials to completed goods.