India’s solar market on track for 280 GW by 2030 — Nuvama identifies capex boom for these 2 companies

India’s solar sector is gathering pace as installations accelerate and government schemes create a more reliable demand line across households, agriculture and public-sector buyers. Nuvama Institutional Equities estimates that the country is moving from 127 GW of installed capacity toward about 280 GW by 2030. With 22 GW already added in the first half of FY26, the brokerage expects manufacturers to enter a period of steady ordering supported by domestic content rules and a growing project funnel.