Funding · Climate, Energy & Sustainability

Celloraa Energy gets ₹160 crore for solar cell plant

What they do

Celloraa Energy makes solar cells for renewable energy projects

StarlinePS Enterprises invested ₹160 crore to set up a 1.2 GW solar cell factory in Surat, Gujarat

The facility will be Domestic Content Requirement compliant, supporting India's push for local solar manufacturing

StarlinePS Enterprises invested ₹160 crore in Celloraa Energy.
Celloraa Energy will use the funds to set up a 1.2 GW solar cell manufacturing facility.
The facility will be located in Surat, Gujarat.
The plant will be Domestic Content Requirement (DCR) compliant.
DCR means the solar cells must use locally made components, supporting domestic industry.
The investment supports India's push for domestic solar manufacturing and import substitution.
Gujarat is one of India's fastest-growing industrial and renewable energy hubs.

India aims to reduce dependence on imported solar cells, especially from China.
DCR-compliant manufacturing helps meet government solar project requirements.
Gujarat's industrial ecosystem and renewable energy policies attract such investments.

Celloraa Energy manufactures solar cells for renewable energy projects.
The company is setting up a 1.2 GW capacity facility in Surat, Gujarat.
The facility will be DCR compliant, meaning it uses domestically sourced components.
The company aims to support India's solar energy goals and reduce imports.

Celloraa Energy will use the funds to build world-class solar manufacturing infrastructure.
The company will scale its operations to meet domestic demand.

StarlinePS Enterprises (lead) — StarlinePS Enterprises is an investment firm. Shwet Koradiya is a Director at the firm.