Insolation Energy Limited (INA Solar) Migrates to Main Board; Shares Listed on BSE and NSE

Solar panel manufacturer Insolation Energy Limited (INA Solar) achieved a new milestone on Monday as its equity shares were successfully listed on the main boards of BSE Limited and the National Stock Exchange (NSE) of India.

A total of 220,394,625 equity shares with a face value of ₹1 each were admitted for trading on both exchanges. The company was earlier listed on the BSE SME platform and has now migrated to the BSE Main Board while also securing a direct listing on the NSE Capital Market segment.

Ceremony in Jaipur 

To mark the occasion, a ceremony was organised in Jaipur in the presence of industry leaders and dignitaries. The event was attended by Heeralal Nagar, Energy Minister of Rajasthan, as the Chief Guest, while former Jaipur Member of Parliament Ramcharan Bohra attended as Guest of Honour. Jaswant Jain, Chief Manager at the National Stock Exchange, was also present.

Speaking on the occasion, Chairman Manish Gupta said the listing marks a significant milestone for the company. “Our listing on the main boards of BSE and NSE represents a major step in our growth journey. This achievement reflects the trust of our investors, the dedication of our team and our commitment to strong corporate governance. We believe this will further strengthen our credibility and open new avenues for growth,” Gupta said.

Managing Director Vikas Jain highlighted the company’s future strategy, stating that the transition from the SME platform to the main board also brings greater responsibility. “We remain committed to strengthening our presence in the solar energy sector through continuous technological innovation, expansion of manufacturing capacity and the delivery of high-quality products,” he said.

Rajasthan On Emerging Path 

Addressing the gathering, Energy Minister Heeralal Nagar said Rajasthan is rapidly emerging as a leader in solar energy. “The state government is creating a favourable industrial ecosystem to promote solar manufacturing. Companies like Insolation Energy Limited are playing a key role in positioning Rajasthan as a solar manufacturing hub. The company’s listing on the main boards of BSE and NSE is a positive signal for both industrial growth and clean energy expansion,” he said.

Former MP Ramcharan Bohra congratulated the company and said the national-level progress of a Jaipur-based enterprise is a matter of pride for the state and will contribute to India’s energy self-reliance.

The ceremony was also attended by representatives from industry bodies including Confederation of Indian Industry, Federation of Indian Chambers of Commerce and Industry, Federation of Rajasthan Trade and Industry, EAR and the Rajasthan Chamber of Commerce and Industry.

About Insolation Energy

Headquartered in Jaipur, Insolation Energy currently operates three solar module manufacturing facilities equipped with TOPCon G12 and M10R technologies, with a combined manufacturing capacity of 5.5 GW. As part of its expansion plans, the company is developing a 4.5 GW solar cell manufacturing facility along with an aluminium frame manufacturing unit with an annual capacity of 18,000 metric tonnes in Narmadapuram, Madhya Pradesh.

INA Solar’s products are certified under ISO, UL, IEC, ALMM, CE and BIS standards. The company also supports key government initiatives including PM Surya Ghar Muft Bijli Yojana, PM Kusum Yojana, and Jal Jeevan Mission, contributing to India’s clean energy transition.