Madhya Pradesh Green Zone Attracts ₹56,960 Cr, Led by Saatvik & Cosmic PV

Madhya Pradesh Chief Minister Mohan Yadav can be happy with his work at the the Mohasa-Babai region in Narmadapuram district.  The district is emerging as an industrial hub, where the manufacturing of power and renewable energy equipment is set to play a pivotal role in shaping India’s green industrial transition in the years ahead.

The state government has developed the Mohasa-Babai Industrial Area as a Greenfield Manufacturing Zone for power and renewable energy equipment. The Chief Minister, along with the Department of Industrial Policy and Investment Promotion, has introduced investor-friendly policies to attract projects and facilitate industrial units with incentives, creating a more conducive environment for investment.  This approach links industries with local resources, skill development, and environmental sustainability, creating a new model of decentralised development.

Phase 1: 22 Units on 884 Acres

In Phase 1 of the Mohasa-Babai Industrial Area, land measuring 884 acres has been earmarked, with 514.5 acres allocated to 22 industrial units. The proposed investments total ₹17,750 crore and are expected to generate employment for 21,777 people. Prominent companies such as U Energy, Lendsmill Green Energy, and Raise Green Energy Manufacturing have already begun construction on their plots. The success of Phase 1 has laid a strong foundation for expansion, paving the way for the commencement of Phase 2.

Phase 2: 9 Units on 551 Acres of Allotted Land

Under Phase 2, 551 acres of land have been allotted to nine units. Seven of these belong to the power and renewable energy equipment manufacturing sector, while two are part of the broader Mohasa-Babai industrial ecosystem. The total proposed investment for these units amounts to ₹39,210.55 crore, which is expected to generate employment for 14,777 people.

The Key investments include

Chief Minister Yadav’s focus extends beyond investment — he emphasises ensuring that every industrial project in the state promotes technological self-reliance, job creation, and the spirit of green growth.

Under Phase 2, investors are being offered several attractive incentives, including land allotment at only 25% of prevailing market rates, payment of actual development fees in 20 annual installments, 100% reimbursement of stamp duty and registration fees, and water supply at a subsidized rate of ₹25 per kiloliter.

Some of the key investors are: 

• Satvik Solar Industries Pvt. Ltd. – Land allotted 185 acres with ₹10,000 crore investment and 2,500 jobs to be created.
• Grav PV Pvt. Ltd. - invested ₹5,533 crore, allotted 65 acres of land with 1,320 estimated job creation. 
• Cosmic PV Power Ltd. - invested ₹4,000 crore on 60 acres of land allotted, with 1,000 jobs created.
• Gautam Solar Power Pvt. Ltd. – invested ₹4,000 crore, 4,000 jobs on 40 acres of land allotted.
• Grav Energy Pvt. Ltd. – invested ₹3,997.85 crore, 1,657 jobs, 64 acres of land allotted. 
• Integrated Batteries India Pvt. Ltd. – invested ₹3,381 crore, 1,000 jobs, 40 acres of land allotted. 
• HETIH Green Energy Pvt. Ltd. – invested ₹3,298.7 crore, 2,050 jobs, 52 acres of land allotted. 
• Oriana Power Ltd. – invested ₹4,500 crore, expects to create 1,000 jobs, with  30 acres of land allotment. 
• Allenberry Industrial Gases Ltd. – invested ₹500 crore, 250 jobs, and land allotted 15 acres.

The Mohasa-Babai project is emerging as an ideal model for clean and sustainable industrial development while promoting green energy production. The units established here will reduce India's import dependence through the production of solar energy systems, batteries, and energy equipment, positioning Madhya Pradesh as a key hub for energy equipment manufacturing.

Chief Minister Dr. Yadav envisions that every industrial project in Madhya Pradesh will set new benchmarks for growth and elevate the state's industrial identity at both national and global levels. The Mohasa-Babai project stands as a powerful testament to that vision.

Cosmic PV Power New Facility  

Under the latest announcement, Cosmic PV Power has acquired  60 acres (approximately 2,42,811 sq. meters) of prime industrial land in the Manufacturing Zone of Narmadapuram by the Madhya Pradesh Government. On this allotment, the company said, "This marks a major milestone in our expansion strategy and reaffirms the trust and recognition Cosmic PV Power Limited has earned as a leading force in the renewable energy and manufacturing sector."

The new facility will enable:

• Establish a 4GW Solar cell manufacturing facility (in a phased manner), enhancing production capacity and efficiency.
• Diversify our product portfolio and strengthen our vertical integration in solar and energy-related manufacturing.
• Generate substantial employment opportunities and contribute to regional industrial growth.
• Position Cosmic PV Power Limited among the top industry leaders in India’s clean energy revolution.
• This development will significantly boost our growth trajectory multifold, enhancing both our market presence and shareholder value. It stands as a testament to our vision of creating a self-reliant, sustainable future powered by innovation, integrity, and excellence.

On this latest announcement, Cosmic PV said, "We extend our heartfelt gratitude to our shareholders, stakeholders, employees, and partners for their continued trust and support as we take this giant leap forward. "