The Indian government plans to introduce an Approved List of Models and Manufacturers (ALMM) for solar photovoltaic (PV) cells, effective April 1, 2026, to boost domestic manufacturing and support the green energy transition.
This initiative follows the 2019 framework for solar modules, enhancing the quality and reliability of solar PV cells in government projects while reducing import dependency. Industry experts see this as crucial for meeting India’s renewable energy target of 500 GW by 2030.
Adani Green Energy Ltd
With a market capitalization of Rs.2.61 lakh crore, the share price of Adani Green Energy Ltd (AGEL) is currently trading at Rs.1,648.00 per share on Monday, rising 0.3 percent from its previous close.
AGEL is well-positioned to benefit from the Indian government’s Approved List of Models and Manufacturers (ALMM) for solar PV cells, set to take effect on April 1, 2026. This initiative aims to promote domestic manufacturing by ensuring that only approved, high-quality cells are utilized in government projects.
With its established manufacturing capabilities, AGEL is prepared to meet the anticipated increase in demand for compliant products. The company’s strong reputation for reliability further strengthens its competitive edge in securing contracts.