GenX PV India, a producer of split junction boxes with integrated diodes, has announced plans to establish a fully integrated aluminium frame manufacturing facility in Raipur by early next year. The facility will produce 18,000 metric tons of aluminium annually, catering to Indian solar panel manufacturers and reducing reliance on imports from China. This facility will provide end-to-end solutions, including extrusion, anodising, and cutting, enhancing GenX PV’s ability to manufacture aluminium frames in-house.
“The Raipur facility, along with backward integration of the junction box, will help GENX PV solidify its position as a comprehensive provider of solar panel materials,” stated GenX PV.
GenX PV aims to increase its Bangalore manufacturing capacity of junction boxes from 20 GW to 50 GW by FY 2025.
Additionally, GenX PV expects a revenue jump from INR 200 crore in FY24 to INR 900 crore by FY25.
Piyush Agarwal, founder and managing director, GenX PV, said, “With our fully integrated aluminium frame facility and backward integration into junction box manufacturing, GENX PV is not just expanding its capacity but redefining the end-to-end ecosystem for solar panels. Our innovative product portfolio, which includes advanced diodes and precision-engineered components, ensures we are meeting the demands of tomorrow’s solar energy landscape.”
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