UltraVibrant Solar Energy has outlined an expansion plan, aiming for a Rs 1,500 crore turnover by FY27.

The company seeks to create employment of over 15,000 across its EPC, manufacturing, and technology divisions while focusing on key renewable energy markets such as Rajasthan, NCR, Gujarat, Madhya Pradesh, Uttar Pradesh, and Maharashtra. CEO KK Jain shared that the company plans to strengthen its presence in industrial and utility-scale segments with an emphasis on domestic manufacturing and integrated clean energy solutions.

The funding for this expansion is being sourced through a mix of banking partnerships and internal accruals, with collateral-free loans from SBI and HDFC. The company’s 1.7 GW manufacturing capacity is set to launch with a focus on battery energy storage systems (BESS). “Once we achieve this milestone, we plan to explore external funding options to expand further to 7 GW,” the CEO said. The company has also developed over 26 MWp of renewable assets and completed over 225 MW of EPC and BESS projects across India