Latest news with #AvinashHiranandani
Business Standard
22-05-2025
- Business
- Business Standard
RenewSys Accelerates Encapsulant Expansion to 30 GW
RenewSys Encapsulant Manufacturing line in Bengaluru NewsVoir Mumbai (Maharashtra) [India], May 22: In a major move to strengthen its manufacturing capabilities, RenewSys, India's first integrated manufacturer of solar PV modules and their key components, has announced the addition of eight new encapsulant manufacturing lines at its recently commissioned Khopoli facility. This capacity expansion is aimed at addressing the rapidly increasing demand for high-performance encapsulants in the Indian and global solar markets, with seven encapsulant lines already operational and four more being commissioned during 2025. In total, the company will soon run 19 fully operational, technologically advanced production lines, across its facilities. This growth aligns with RenewSys' strategic objective of achieving a cumulative installed manufacturing capacity of 30 GW and further enhances its top ranking amongst the Indian Encapsulant manufacturers. "Our focus remains on consolidating our leadership in the solar PV ecosystem with cutting-edge solutions like Transparent Backsheets and Anti-Acid Encapsulants, along with our well established EVA, POE and EPE products." said Avinash Hiranandani, Vice Chairman and Managing Director, RenewSys. "We are investing in advanced technologies, optimizing costs, and scaling sustainably to meet both domestic and international demand." RenewSys is already a market leader in Encapsulants and Backsheets, with an encapsulant manufacturing capacity of 9 GW. The new Khopoli lines represent the company's commitment to manufacturing excellence, R & D-led product innovation, and supporting India's renewable energy mission. RenewSys is India's first integrated manufacturer of Solar PV Modules (5.5 GW*) and key components - Encapsulants (9 GW), Backsheets (4 GW) - with a 2.5 GW high-efficiency cell line under installation. Headquartered in Mumbai, RenewSys is the Renewable Energy arm of the ENPEE Group, an international conglomerate established in 1961 with a legacy of manufacturing excellence.
Fashion Value Chain
22-05-2025
- Business
- Fashion Value Chain
RenewSys Accelerates Encapsulant Expansion to 30 GW
In a major move to strengthen its manufacturing capabilities, RenewSys, India's first integrated manufacturer of solar PV modules and their key components, has announced the addition of eight new encapsulant manufacturing lines at its recently commissioned Khopoli facility. RenewSys Encapsulant Manufacturing line in Bengaluru This capacity expansion is aimed at addressing the rapidly increasing demand for high-performance encapsulants in the Indian and global solar markets, with seven encapsulant lines already operational and four more being commissioned during 2025. In total, the company will soon run 19 fully operational, technologically advanced production lines, across its facilities. This growth aligns with RenewSys' strategic objective of achieving a cumulative installed manufacturing capacity of 30 GW and further enhances its top ranking amongst the Indian Encapsulant manufacturers. 'Our focus remains on consolidating our leadership in the solar PV ecosystem with cutting-edge solutions like Transparent Backsheets and Anti-Acid Encapsulants, along with our well established EVA, POE and EPE products.' said Avinash Hiranandani, Vice Chairman and Managing Director, RenewSys. 'We are investing in advanced technologies, optimizing costs, and scaling sustainably to meet both domestic and international demand.' RenewSys is already a market leader in Encapsulants and Backsheets, with an encapsulant manufacturing capacity of 9 GW. The new Khopoli lines represent the company's commitment to manufacturing excellence, R&D-led product innovation, and supporting India's renewable energy mission. About RenewSys RenewSys is India's first integrated manufacturer of Solar PV Modules (5.5 GW*) and key components – Encapsulants (9 GW), Backsheets (4 GW) – with a 2.5 GW high-efficiency cell line under installation. Headquartered in Mumbai, RenewSys is the Renewable Energy arm of the ENPEE Group, an international conglomerate established in 1961 with a legacy of manufacturing excellence. *Capacity targets for FY 2026-27
Business Standard
06-05-2025
- Business
- Business Standard
RenewSys Awarded EcoVadis Platinum Rating -- A First in India's Solar Manufacturing Sector
VMPL New Delhi [India], May 6: RenewSys India Pvt Ltd (RenewSys), India's first integrated manufacturer of solar PV modules and their key components, has achieved a historic milestone by earning the EcoVadis Platinum Rating -- the highest level of sustainability recognition awarded by EcoVadis, the world's most trusted sustainability ratings platform. This prestigious rating was awarded by EcoVadis following a rigorous assessment of RenewSys' sustainability practices, placing the company among the top 1% of organizations evaluated worldwide. With this achievement, RenewSys becomes the first and only solar manufacturing company in India to earn the coveted EcoVadis Platinum Medal. EcoVadis assesses companies across the globe on 21 sustainability criteria grouped under four key pillars: Environment, Labour & Human Rights, Sustainable Procurement, and Ethics. With an impressive score of 86/100, RenewSys ranks in the top 1% percentile globally, setting a new sustainability benchmark for both the Indian and international renewable energy sectors. What makes this award particularly significant is that EcoVadis calculates percentile ranks across companies in all industries, not on a per-industry basis -- underscoring the outstanding nature of RenewSys' achievement. Avinash Hiranandani, VC & MD at RenewSys, commented: "We are proud and honoured to receive this platinum medal for sustainability, which is the core of everything we do here at RenewSys. As a key player in the solar industry, RenewSys has always led by example through its advanced manufacturing facilities and its strong focus on innovations and social responsibility. So, this Platinum Rating is not just an insignia, it is an assurance and commitment to customers, partners and the community." At a time when sustainability is no longer just a choice but a shared global responsibility, this recognition further strengthens RenewSys' position as a trusted, future-ready solar partner and a leader in driving sustainable transformation globally. About RenewSys RenewSys is India's first integrated manufacturer of Solar PV Modules (5.5 GW*) and key components - Encapsulants (9 GW), Backsheets (4 GW), with a high-efficiency cell line (2.5 GW*) under installation. Headquartered in Mumbai, RenewSys is the renewable energy arm of the ENPEE Group, an international conglomerate with a proud manufacturing legacy dating back to 1961. (*FY 26-27) Learn more at About EcoVadis EcoVadis is the world's leading provider of business sustainability ratings, assessing companies across Environment, Labour & Human Rights, Ethics, and Sustainable Procurement. Companies receive Bronze, Silver, Gold, or Platinum medals, with Platinum reserved for the top 1% of performers globally.
