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Avaada Electro files confidential DRHP for ₹9-10 k crore IPO aiming at solar module manufacturing scale-up
Avaada Electro moves ahead with ₹9-10 k crore IPO filing, targeting scale-up in solar module manufacturing capacity.
Green-energy firm Avaada Electro, a subsidiary of the Brookfield-backed Avaada Group, has filed a confidential draft prospectus with SEBI in India to raise about ₹9,000-10,000 crore via IPO. The company currently has an 8.5 GW solar-module production capacity and plans to expand to 13.6 GW by FY27. Proceeds will fund manufacturing facility expansion at Butibori near Nagpur and increase solar-cell capacity. The listing is positioned as India’s largest solar-module offering so far and aligns with domestic clean-manufacturing push.