Group Surya set to invest ₹1000 crores in Bihar for solar module and cell manufacturing

Bhubaneswar, Odisha - Group Surya, the parent company of Suryam International Private Limited, a leader in renewable energy and sustainable solutions, headquartered in Bhubaneswar, Odisha, and led by entrepreneur Kamlesh Kumar Singh, is proud to announce a significant new investment totaling over ₹1000 crores in the development of a state-of-the-art solar module and cell manufacturing facility in Sasaram, Bihar.

Strategic Expansion in Bihar

Group Surya has earmarked up to ₹1000 crores for the creation of a cutting-edge solar module and cell manufacturing facility in Sasaram, Bihar. This facility, with a planned capacity of 1.2 GW, represents a monumental step towards industrializing a region traditionally known as agrarian. The site for the new facility covers 50 acres, to be acquired in phases, reflecting the founder Kamlesh Kumar Singh’s commitment to his birthplace and to fostering economic development in one of India’s most underdeveloped regions. This initiative is bolstered by a Memorandum of Understanding (MoU) with the Government of Bihar, aiming to kickstart solar manufacturing in an area previously devoid of such industry.

A Vision for Bihar's High-Tech Industry

• Kamlesh Kumar Singh, Managing Director of Group Surya, stated, "Group Surya is striving to change perceptions among investors and entrepreneurs, showing that high-tech industries can thrive in Bihar—a state full of talented, hardworking people. Both the government and the people support these industries. Bihar, known for its wisdom, gave the world Chanakya's Arthashastra and the teachings of Buddha and Mahavir. Home to ancient universities like Nalanda and Vikramshila, it was once a global learning hub. Inspired by this legacy, I aim to contribute to Bihar's resurgence by establishing a cutting-edge solar cell factory, fostering progress and glory."

Diverse Operations and Future Prospects

Group Surya operates across a broad spectrum of sectors, including Renewable Energy, Water Solutions, EPC, Green Ammonia, Carbon Capture, Green Hydrogen, and Fintech. With products ranging from solar panels to Lithium batteries and PVC & HDPE pipes, Group Surya has reported a turnover of ₹350 crores in FY23-24, with projections set to reach approximately ₹500 crores this financial year and an ambitious target of ₹750 crores by FY 25-26. The company is also contemplating an Initial Public Offering (IPO) in the near future to further capitalize on its growth trajectory.

About Group Surya

Group Surya, founded by Kamlesh Kumar Singh, is dedicated to innovating in the fields of renewable energy and sustainable development. With a diverse portfolio that spans multiple sectors, Group Surya is committed to contributing positively to environmental sustainability and economic development through cutting-edge technology and strategic growth initiatives.