| Code: MTA6593 | Publication Date: Jul 2025 |
The are several growth drivers, such as robust manufacturing of electric vehicles [EV] and consumer electronics, increased solar PV installation, Production Linked Incentive [PLI] schemes and clean-energy goals.
The push towards larger wafers, budding domestic ingot production, and the end of merit-based process versus manufacturing pure play approach along the wafer-to-chip value chain, are also picking up steam. Moreover, the semiconductor supply-chain build-out, as well as oxford in coordination with global OEMs, digitalization across other industries, and distinct operational capacity as a wafer production hub particularly enhances prospects for growth in India.
| Company Name | Adani Green Energy Ltd. / ANIL New Industries Ltd. |
|---|---|
| Establishment Year | Adani Green Energy: 2015 (ANIL: early 2020s) |
| Headquarter | Mundra, Gujarat, India |
| Official Website | Click Here |
Adani Group began commercial production of silicon ingots and wafers for solar cells in Gujarat as of April 2024, and is expanding toward full polysilicon integration by 2027/28. It markets itself as India’s first integrated renewable energy and silicon wafer maker.
| Company Name | Lanco Infratech (Bhaskar Solar / Lanco Solar) |
|---|---|
| Establishment Year | 2009 (Lanco Solar project announced ~2011) |
| Headquarter | Bhubaneshwar, Odisha, India |
| Official Website | - |
Lanco Solar, part of Lanco Infratech, announced plans to manufacture multicrystalline silicon ingots and wafers in Orissa (Cuttack), targeting solar PV integration. They projected 80 MWp wafer output and up to 1,250 tonnes/year polysilicon capacity.
| Company Name | Carborundum Universal Limited (CUMI) |
|---|---|
| Establishment Year | 1954 |
| Headquarter | Chennai, Tamil Nadu, India |
| Official Website | Click Here |
As part of the Murugappa Group, CUMI is exploring partnerships and JVs to enter vertical integration into silicon ingots and wafers manufacturing, extending its materials expertise into the solar upstream sector.
| Company Name | National Aluminium Company Limited (NALCO) |
|---|---|
| Establishment Year | 1981 |
| Headquarter | Bhubaneswar, Odisha, India |
| Official Website | Click Here |
Although mainly an aluminium producer, NALCO offers aluminium ingots (metal ingots). It’s not a silicon wafer company, but is a major ingot supplier in metals sector in India.
| Company Name | ASM Technologies Limited |
|---|---|
| Establishment Year | 1992 |
| Headquarter | Bangalore, Karnataka, India |
| Official Website | Click Here |
ASM Technologies is a technology innovator involved in silicon wafer and IC research, supplying high‑quality wafers, solar cells, and semiconductor components tailored for healthcare, automotive, and renewable energy sectors.
| Company Name | Reliance Industries Limited (Reliance Silicones) |
|---|---|
| Establishment Year | 1973 (Reliance Silicones involvement in silicon products ~2023–24) |
| Headquarter | Mumbai, Maharashtra, India |
| Official Website | Click Here |
Reliance is expanding into silicon-based manufacturing via its subsidiary Reliance Silicones, focusing on wafers, solar cells, and electronics materials to capture domestic semiconductor growth.