Kineco Exel Composites India (KECI), the joint venture between Goa-based Kineco Group and Finland’s Exel Composites, has reached a defining milestone with the successful commencement of full-scale production at its state-of-the-art manufacturing facility in Banda, Goa. The facility reached full operational status in 2023. The achievement demonstrates Kineco Limited's position as a leading company in advanced composites and marks a substantial advancement for renewable energy manufacturing in India.
The Banda facility, completed in 2024 and fully operational in 2025, represents a new chapter in India’s pursuit of clean energy self-reliance. The company produces high-performance carbon fibre components, which include flats, spar caps, joiners and bolt fixtures for wind turbine blades to provide structural support for modern turbines. The components enable the production of longer blades, which results in improved operational efficiency and increased power output.
Expanding Operations Amid a Growing Market
India's wind energy market has reached a critical growth stage, which enables KECI to expand its operations according to the increasing market demand. The wind turbine manufacturing industry of the nation, which earned USD 2.36 billion in 2024, will experience strong growth until it reaches about USD 5.18 billion by 2033. The composites and carbon fibre markets will continue their stable growth trajectory, while the carbon fibre segment is predicted to achieve a value of USD 162 million by 2030.
The Banda facility stands as India’s first pultrusion manufacturing plant for wind energy components, which allows the country to produce carbon fibre parts domestically that used to come from imports. The new development supports the government’s “Make in India” initiative because it decreases transportation expenses while accelerating delivery times and enhancing domestic manufacturing strength.
The achievement aligns closely with India’s renewable energy goals. The nation expanded its wind power capacity by 4.15 GW during 2024, which brought the total installed capacity to 50 GW. The wind power sector is expected to expand at a compound annual rate of 11.26% from 2024 to 2030, which will result in a capacity of about 89.49 GW. The expansion could potentially reach 150 GW under favourable conditions.
The local production system at Exel Composites enables fast delivery times and superior service for customers who are situated near the production facilities, according to Kari Loukola, who serves as Executive Vice President of Industrial Solutions.
Global Partnerships and Future Outlook
Kineco operates at a stronger position in the renewable energy value chain because of its strategic partnerships and its advanced manufacturing system. The company has established permanent worldwide supply contracts, which include a major €10 million deal with Vestas Wind Systems A/S to produce carbon planks for wind turbine spar caps.
India reached a major achievement by starting mass production of certified carbon fibre parts, which now enables the country to create high-volume precision components domestically. As Chief Operating Officer, Rohit Verlekar noted, the facility’s capabilities now meet both the technical and scale expectations of global wind energy leaders, reflecting the company’s commitment to quality and innovation.
Kineco demonstrates its commitment to future-oriented composite manufacturing through its partnership and world-class production standards. The achievement supports the organisation's permanent strategy to unite worldwide knowledge with local strength, which will establish India as a leading renewable energy composite production centre.
