IB Solar to Invest ₹3,000 Crore in 4GW Solar Cell Manufacturing Facility at YEIDA

Indian solar module manufacturing company Integrated Batteries India (IB Solar) is set to invest around ₹3,000 crore to set up a 4GW solar cell manufacturing plant after the Yamuna Expressway Industrial Development Authority (YEIDA) approved the allotment of 25 acres of land in Sector 8, the company said. The plan is a breakthrough for the Noida based firm in terms of both ambition and size. 

The project, classified as an "ultra mega" investment, is part of Uttar Pradesh’s broader push to attract large-scale industrial investments and transform the region around the upcoming Noida International Airport at Jewar into a renewable energy and manufacturing hub.

Strategic Location 

Located strategically along the Yamuna Expressway and in close proximity to the airport, the facility is expected to give IB Solar significant logistical advantages for both domestic and export markets.

This investment adds to the state’s growing renewable energy ecosystem, with YEIDA positioning itself as a preferred destination for high-value manufacturing projects.

Adding New Vertical to Its Portfolio

IB Solar, founded by SK Mahajan in 1992, is led by Abhinav Mahajan (Director) and Aviral Mahajan (Technical head). From the  production of solar modules and batteries, the new plan will make the firm a much more integrated player in the solar market. The introduction of new production is set to boost the backward integration of its manufacturing, allowing it to make better margins and control the production line. This also comes at a time when the Union government has mandated the use of only domestic solar cells under its planned ALMM norms for solar cells from 2026.