Solar panel manufacturing company Insolation Energy Limited has successfully migrated its equity shares to the main boards of both the BSE and NSE. According to reports from The Economic Times and SolarQuarter, a total of 220,394,625 equity shares with a face value of ₹1 each were listed and made available for trading on both exchanges from Monday. The company was previously listed on the BSE SME platform and has now migrated to the BSE Main Board while also securing a direct listing on the NSE Capital Market segment.
To mark the occasion, a special ceremony was organised in Jaipur which was attended by the state energy minister Heeralal Nagar as Chief Guest, while former Jaipur Member of Parliament Ramcharan Bohra attended as Guest of Honour. As reported by The Economic Times and SolarQuarter, Nagar stated that the state government is creating a favourable industrial ecosystem to promote solar manufacturing. The event was also attended by Jaswant Jain, Chief Manager at the National Stock Exchange, along with representatives from industry bodies including Confederation of Indian Industry, Federation of Indian Chambers of Commerce and Industry, Federation of Rajasthan Trade and Industry, EAR and the Rajasthan Chamber of Commerce and Industry. The ceremony was also graced by Dr. Shyam Agarwal (State Treasurer, BJP), Amit Goyal (Jaipur District President, BJP) and Rajesh Gurjar (Jaipur Rural District President, BJP).
Company Chairman Manish Gupta described the listing as marking a significant milestone for the company. According to The Economic Times and SolarQuarter, Gupta stated that the listing on the main boards of BSE and NSE represents a major step in their growth journey, reflecting trust of investors, dedication of the team and commitment to strong corporate governance. Gupta emphasized that the development will further strengthen the company's credibility and open new avenues for growth in India's renewable energy sector.
Headquartered in Jaipur, Insolation Energy currently operates three solar module manufacturing facilities equipped with TOPCon G12 and M10R technologies, with a combined manufacturing capacity of 5.5 GW. As part of its expansion plans, the company is developing a 4.5 GW solar cell manufacturing facility along with an aluminium frame manufacturing unit with an annual capacity of 18,000 metric tonnes in Narmadapuram, Madhya Pradesh. The company's products are certified under ISO, UL, IEC, ALMM, CE and BIS standards, and it supports key government initiatives including PM Surya Ghar Muft Bijli Yojana, PM Kusum Yojana, and Jal Jeevan Mission.
Managing Director Vikas Jain highlighted the company's future strategy, stating that the transition from the SME platform to the main board also brings greater responsibility. According to The Economic Times and SolarQuarter, Jain emphasized the company's commitment to strengthening its presence in the solar energy sector through continuous technological innovation, expansion of manufacturing capacity and delivery of high-quality products. Energy Minister Heeralal Nagar noted that Rajasthan is rapidly emerging as a leader in solar energy in India, with the state government creating a favourable industrial ecosystem to promote solar manufacturing. Companies like Insolation Energy Limited are playing a key role in positioning Rajasthan as a solar manufacturing hub, with the company's listing on the main boards of BSE and NSE serving as a positive signal for both industrial growth and clean energy expansion.
