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Adani Enterprises, SunEdison to invest $4 billion in solar PV manufacturing facility in Gujarat

12 Jan 2015 Evaluate

Adani Enterprises, the flagship company of Adani Group, India’s leading integrated infrastructure player and SunEdison Inc., a leading solar technology manufacturer and provider of solar energy services, have signed a Memorandum of Understanding (MoU) to establish a Joint Venture to build the largest, vertically integrated solar photovoltaic manufacturing facility in India with an investment of around $4 billion.

The facility will create enough solar panels to fuel substantial solar growth in India, furthering India’s goals for clean, renewable energy independence. The new $4 billion facility will be constructed in Mundra, Gujarat, India, over a three to four year period. This facility will vertically integrate all aspects of solar panel production on site, including Polysilicon refining, ingots, wafers, cells and panels production with a broader ecosystem involving extended supply chain for raw materials and consumables.

Adani Enterprises is the country’s largest coal importer-turned-domestic private mine developer-cum-operator (MDO). The company is truly a diversified asset backed commodities trader, sourcing, producing, marketing and transporting them across the globe.

Adani Enterprises Share Price

2218.35 13.35 (0.61%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Redington 234.90
Adani Enterprises 2218.35
Amrapali Industries 17.53
Rashi Peripheral 455.25
PDS 301.45
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