GenX PV India, a company specializing in solar panel components, has announced plans to set up an aluminium frame manufacturing facility in Raipur, which is expected to become operational by early next year. The facility will have an annual production capacity of 18,000 metric tons of aluminium, aimed at supplying Indian solar panel manufacturers and reducing the reliance on imports from China. The facility will offer a complete range of services, including extrusion, anodizing, and cutting, allowing the company to handle aluminium frame manufacturing entirely in-house.
This announcement was made during GenX PV’s participation at the Renewable Energy India Expo 2024, held from October 3-5 at the India Expo Center in Greater Noida. The Raipur plant is part of the company’s broader strategy to integrate more of its production processes, including its manufacturing of split junction boxes. GenX PV plans to increase the production capacity of its Bangalore plant, which currently produces 20 GW of junction boxes annually, to 50 GW by the fiscal year 2025.
GenX PV also expects a significant increase in its revenue, projecting a rise from INR 200 crore in FY24 to INR 900 crore by FY25. The company continues to invest in research and development, with a focus on creating compact and efficient solar solutions. It also adheres to stringent quality control measures, including the use of larger diodes and compliance with V0 flammability standards.
In a statement, GenX PV’s Managing Director, Piyush Agarwal, noted that the new facility and expanded manufacturing capacity will enable the company to provide an integrated solution for solar panel materials. He emphasized that the company aims to meet future demands for solar energy by controlling production from raw materials to the final product.
GenX PV is known for producing solar junction boxes, connectors, and cables, and is recognized for being India’s first manufacturer of split junction boxes with integrated diodes. The company’s products comply with ISO 9001:2015, IEC, TUV, UL, and RoHS standards.