PVV Infra signs MoU to invest ₹650 crore in Solar Cell unit in Andhra Pradesh

PVV Infra signs MoU to invest ₹650 crore in Solar Cell unit in Andhra Pradesh

Business


PVV Infra Ltd., which is into solar power rooftop installations, has signed an MoU with the Andhra Pradesh Economic Development Board to set up a solar cells manufacturing unit in Andhra Pradesh at an investment of ₹650 crore.

The manufacturing facility will be located at Visakhapatnam, near the airport. It will be developed on a 30-acre industrial site within the solar cells manufacturing cluster. The investment is expected to create 350 direct jobs and over 450 indirect jobs, the company said in a statement.

The company said it would leverage its strengths in investment, technology, planning, design, and equipment sourcing to establish and operationalise the advanced TOPCon solar cell manufacturing unit.  “This initiative aligns with our commitment to supporting India’s renewable infrastructure while fostering sustainable industrial development in Andhra Pradesh,” it said.



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