What project owners need to know.
Jakson Solar plans to invest up to ₹5,000 crore (about $525 million) in 3 GW of solar cell capacity and 3 GW of ingot and wafer capacity in India, The Hindu BusinessLine reported on 26 October 2026, citing managing director Ivan Saha. The cell plant is targeted for commissioning by December 2027 and the ingot-wafer plant for the third quarter of fiscal 2028, with output aimed mainly at the merchant market rather than only Jakson's own module line. It is an announcement, not operating capacity. This guide is general industry information drawn from published sources. It is not legal, tax or engineering advice, and any figure should be validated against current official documents and the specific project.
What was announced
Speaking on the sidelines of the Renewable Energy India Expo, Jakson managing director Ivan Saha said the company plans to invest up to 50 billion rupees to build 3 GW each of solar cell and ingot-wafer capacity, BusinessLine reported on 26 October 2026. Jakson already runs a 1.2 GW module plant, and the report says equipment procurement tie-ups have been secured.
The reports we read do not give a site for the new plants. The figures come from an executive's remarks to the press, not a stock-exchange filing, so we treat them as stated plans and will update this page as filings or ground-breaking reports appear.
- 3 GW solar cells: target December 2027
- 3 GW ingots and wafers: target Q3 FY2028
- Investment: up to ₹5,000 crore (about $525 million)
- Market: mainly merchant sales
Captive or merchant, and why it matters
Most ingot-wafer plants announced in India are backward integration: a module and cell maker building wafers for its own lines. That helps the group, but it does not help an independent cell maker that has no wafer plant of its own.
A merchant supplier sells wafers to other companies. Jakson's stated focus on the merchant market is the notable part of this announcement, because independent cell makers will need domestic wafers once ALMM List-III applies, and they will want more than one qualified source.
Where it sits against ALMM List-III
MNRE has notified that ALMM List-III, for ingots and wafers, applies from 1 June 2028. A Q3 FY2028 target for Jakson's ingot-wafer plant would put it in the window when cell makers are lining up compliant wafer supply, if the schedule holds.
Timelines for new ingot plants often slip, because crystal growth needs stable power, argon, trained operators and a ramp-up period before yields settle. Buyers should plan on qualified output, not nameplate dates.
Announced versus operating capacity
India's announced ingot-wafer pipeline is far larger than what is running today. Our capacity tracker separates announced, under-construction and operating projects. Jakson's plan joins the announced column; it moves only when equipment is installed and ingots are pulled.
What a 3 GW ingot-wafer plant needs upstream
Every ingot plant depends on a steady stream of consumables and feedstock, most of it imported in India today. The quality of these inputs decides wafer quality as much as the pullers do.
- Polysilicon feedstock and dopants
- Quartz crucibles, normally one per batch pull, made from high-purity quartz sand
- Graphite hot-zone parts and insulation
- Argon and cooling water
- Diamond wire and slicing consumables for wafering
What to watch
Three markers will show progress: a confirmed site and land allotment, equipment arriving and first ingots pulled, and an application for ALMM List-III once the list opens. We will add each to this page when it is reported.
How JRST supports this requirement
JRST Technology works upstream of new ingot-wafer plants: quartz crucible and high-purity quartz sand sourcing, puller spares, and technical advisory for crystal growth. Buyers planning domestic wafer supply, or plants needing consumables, can send an enquiry through the JRST Buyer Portal.
Solar Wafers: products and enquiriesQuartz Crucibles & Quartzware: products and enquiriesDiscuss your requirement
Mohammed Saif Zaveri connects JRST's industrial content to execution conversations.
As Co-Founder and designated partner of JRST Technology LLP, Mohammed Saif Zaveri works across industrial growth, strategic partnerships, client conversations, equipment strategy, and project pathways for silicon, solar, semiconductor, and advanced-manufacturing opportunities.
This knowledge page is part of JRST's public industrial knowledge base, designed to help buyers move from search terms and early research toward a structured technical-commercial discussion.
View Mohammed Saif Zaveri's profileConnect on LinkedInFrequently asked questions
Is Jakson's ingot-wafer plant operational?
No. It was announced in October 2026, with the ingot-wafer plant targeted for the third quarter of fiscal 2028 and the cell plant for December 2027, according to press reports.
Is Jakson's wafer output captive or merchant?
Reports say the new capacity will mainly serve the merchant market, meaning sales to other cell makers, not only Jakson's own module line.
How much is Jakson investing?
Up to ₹5,000 crore (about $525 million) for 3 GW of cells and 3 GW of ingots and wafers, BusinessLine reported on 26 October 2026.
Where will Jakson's new plants be?
The reports we reviewed did not name a site. We will update this page when it is confirmed.
Does this affect ALMM List-III?
It adds to the announced pipeline that List-III will draw on from 1 June 2028. Only operating, enlisted capacity counts once the list is in force.
Is JRST involved in Jakson's project?
No relationship is implied. This page is an independent summary of public reports.
Primary sources and further reading
Last reviewed 2026-11-03. Technical scope, policy eligibility, availability, and commercial terms should be independently confirmed for each project.