With the Ministry of New and Renewable Energy (MNRE) releasing the sixth revision of ALMM List-II for solar PV cells on April 13, 2026, this marks a significant effort to ensure the use of high-quality solar components while strengthening domestic manufacturing.
Please find below a quote from Mr. Prashant Mathur, CEO, Saatvik Green Energy Limited, on this development:
“The latest revision of the ALMM List-II marks a defining moment for India’s solar manufacturing ecosystem. What we are witnessing is not just a policy milestone, but a clear signal of market-led confidence in domestic cell manufacturing. The entry of large industrial players, alongside the adoption of advanced technologies such as Heterojunction, reflects a decisive shift towards higher efficiency and long-term competitiveness.
This is a meaningful evolution from capacity creation to capability building. The pace of revisions over the past several months also underscores the momentum the sector has gained. Investments are increasingly being made with a long-term lens, reinforcing the credibility and resilience of India’s solar manufacturing ambitions.
The ALMM framework is beginning to deliver on its intended objective, attracting the right kind of investment that strengthens the ecosystem structurally. This is particularly encouraging for companies like Saatvik that have consistently believed in backward integration as a strategic imperative. India is now moving beyond bridging supply gaps to establishing itself as a reliable, future-ready manufacturing hub for solar technologies.”
About Saatvik Green Energy Limited
Saatvik Green Energy Limited is one of India’s leading solar photovoltaic module manufacturers, with a strong presence across utility-scale, commercial & industrial, EPC, and distributed solar segments. The Company currently operates a 4.8 GW module manufacturing facility in Ambala, Haryana, and is developing a Greenfield integrated manufacturing facility in Odisha with 4 GW of module capacity and 4.8 GW of solar cell capacity. With a focus on technology, quality, and execution, Saatvik aims to play a meaningful role in India’s renewable energy transition.
