Eastman Auto & Power Ltd (EAPL) is leveraging the momentum of the PM Surya Ghar Muft Bijli Yojana to aggressively expand its rooftop solar segment, with plans to nearly double its contribution to overall revenue by the next fiscal year.
The company aims to achieve a revenue milestone of ₹6,000–7,000 crore in FY26, up from ₹4,250 crore in FY25. The growth will be largely driven by its rooftop solar business, which is expected to contribute 40% to the total turnover—translating to ₹2,500–3,000 crore—up from 20% in FY25 and 15% in FY24.
Strong policy push, improved access to financing, declining solar system costs, and rising consumer awareness are all driving rooftop adoption. In addition, new product lines in hybrid and grid-tie inverters are coming online, and the company is expanding capacity at a fast pace.
EAPL, which also operates in last-mile e-mobility and continued energy solutions, is expanding its rooftop offerings to cater to residential, commercial, and industrial (C&I) sectors. The company is also seeing increasing demand for energy storage integration in larger systems.
Internationally, Eastman expects 10–15% of its rooftop solar revenue in FY26 to come from exports, with India accounting for 25%. Key global focus markets include the Middle East, Africa, South-East Asia, with planned expansions into Europe and the United States.
The firm is targeting all segments of rooftop solar, including off-grid rural systems, grid-connected backup, hybrid bi-directional systems, and cost-saving installations for MSMEs.
As of FY25, Eastman’s installed capacity stood at 11 GW, which it plans to increase to 16 GW by FY26 and further to 34 GW by FY28 across all product categories. To support this scale-up, the company has earmarked a capital expenditure of ₹700–1,000 crore over the next three years, entirely funded through internal accruals.
This level of capex, without external funding, reflects Eastman’s financial strength and long-term growth strategy.
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