Group Surya, a Bhubaneswar-based company led by Kamlesh Kumar Singh, has unveiled a ₹1000-crore investment plan aimed at strengthening India’s renewable energy infrastructure. The initiative focuses on establishing a 1.2 GW solar module and cell manufacturing facility in Sasaram, Bihar, alongside other renewable energy projects.
The Sasaram facility, a first for Bihar, spans 50 acres and is being developed under a Memorandum of Understanding (MoU) with the Bihar government. Strategically located, the site is not only the founder’s birthplace but also a region ripe for industrial development. The project promises job creation and economic growth, positioning Sasaram as a future hub for renewable energy manufacturing.
Group Surya’s operations span multiple sectors, including solar panels, lithium batteries, water solutions, and green technologies like hydrogen and carbon capture. The company has already completed ₹1600 crores worth of solar and clean water EPC projects and operates a 70 MW RESCO power plant, set to grow to 100 MW by the end of this fiscal year.
For FY 2023-24, Group Surya reported a turnover of ₹350 crores, with projections of ₹500 crores for FY 2024-25 and ₹750 crores for FY 2025-26. The company attributes this growth to its diversified portfolio and strategic investments, including plans for an Initial Public Offering (IPO).
Group Surya is also investing $9.8 million in a 500 MW solar module factory in Odisha to meet rising solar energy demand. This facility will enhance its manufacturing capabilities and bolster its position in the renewable energy sector.
