Sanjiv Goenka says RPSG group will foray into cell and module manufacturing: Exclusive

The RPSG Group will be foraying into module and cell manufacturing with some capacity coming on stream in the next few days, Chairman Sanjiv Goenka told CNBC-TV18 first and exclusively, in an interaction on Friday, September 19.

Goenka said that within the next three years, there will be 3 GW each of cell and module capacity that will go on stream.

"Our first gigawatt of module capacity goes on stream in the next 45 days. That is something that we have been quietly implementing," Goenka said.

The RPSG Group Chairman said that a large part of this will come into the group's own facilities, but added that the market for these products is growing. Goenka also said that he would be looking at exporting these cells and modules as well, as "there's a very good business model."

Further, Goenka mentioned that he remains vey confident of achieving the ₹2 lakh crore market capitalisation target over the next 30 months, something that he had highlighted in his previous interaction last year.

"Our internal targets have actually been scaled up since then, despite the stock markets not being at their best, and we had talked about investments, that number has gone up considerably. And as we move forward, the implementation part of each company, each project, each improvement, is actually a lot more secure, because A, we've made a very good start, and B, now we are that much more confident," the RPSG Group Chairman highlighted.

Renewables will be a large part of the RPSG Group's ₹1 lakh crore capex plans over the next five years. With 3.2 GW being under implementation and advanced stages of implementation, another four GW is getting close to closure, and Goenka is targeting about 10 GW in renewables capacity over the next six years.