GenX PV India to establish an aluminium frame manufacturing facility

By Staff Report October 4, 2024 6:35 pm IST

GenX PV India plans to establish a fully integrated aluminium frame manufacturing facility in Raipur by early next year, producing 18,000 metric tonnes of aluminium annually.

GenX PV India, a pioneer in split junction box manufacturing with integrated diodes, has disclosed plans to establish a fully integrated aluminium frame manufacturing facility in Raipur by early next year. The facility will produce 18,000 metric tonnes of aluminium annually, catering to Indian solar panel manufacturers and reducing reliance on imports from China. This facility will provide end-to-end solutions, including extrusion, anodising, and cutting, improving GenX PV’s ability to manufacture aluminium frames in-house.

GENX PV announced plans to expand its manufacturing capacity of junction boxes in Bangalore from 20 GW to 50 GW by FY25, aiming to solidify its position as a comprehensive provider of solar panel materials, including the integration of the junction box at its Raipur facility and backward integration of junction boxes.

GenX PV is set to increase its revenue from INR 200 crore in FY24 to INR 900 crore by FY25, citing its commitment to R&D, producing advanced, efficient solar solutions, rigorous testing, and innovative technology integration, as well as adherence to V0 flammability standards.

Piyush Agarwal, Founder and Managing Director, GenX PV, said, “With our fully integrated aluminium frame facility and backward integration into junction box manufacturing, GENX PV is not just expanding its capacity but redefining the end-to-end ecosystem for solar panels. Our innovative product portfolio, which includes advanced diodes and precision-engineered components, ensures we are meeting the demands of tomorrow’s solar energy landscape. By controlling every aspect from raw materials to finished products, we are delivering unmatched quality and efficiency to our customers.”