Emmvee Photovoltaic Bets on Data Centers to Fuel Massive Solar Energy Demand Growth

• Emmvee Photovoltaic sees emerging sectors like data centers as key drivers for renewable energy demand, especially solar, due to their high energy consumption and solar's cost-effectiveness.
• India's data center capacity is projected to grow five-fold by 2030 to over 8 GW, significantly increasing electricity and water consumption.
• Emmvee boasts a 9.3 GW order book and plans to commission 6 GW of cell and module capacity, with the module line operational by December 2026 and cell line by March 2027.
• The company plans a Rs 4,500-5,500 crore capital expenditure for ingot and wafer manufacturing, funded by internal accruals, with zero net debt after its November 2025 IPO.
• Emmvee is maintaining strong EBITDA margins of 30% to 35% in the coming quarters, showcasing robust financial health.