Jupiter Int Bags Rs 300 cr investment To expand solar cell manufacturing

Jupiter International Ltd., headquartered in Kolkata, which is a top producer of photovoltaic solar cells and offers solar power solutions, has disclosed receiving a funding of ₹300 crore from ValueQuest S.C.A.L.E. PE fund. This planned investment is focused on increasing the company's ability to manufacture solar cells to meet the rising demand for solar energy in India.

Established in 2009 by Alok Garodia, Jupiter International has been a key player in the solar sector, operating from its modern production plant in Baddi, Himachal Pradesh. The company currently has the ability to produce 800 MW and plans to significantly expand operations by building new facilities.

The money will be used to improve Jupiter International's current solar cell capacity and establish new module manufacturing operations, aiming to create a 1.8 GW solar cell and a 1.2 GW solar module manufacturing facility. Moreover, the company has partnered with AmpIn Energy to create a combined solar cell and module capacity of 1.2 GW.

"We are delighted to welcome ValueQuest to our family of investors. Their support will be instrumental in accelerating our growth trajectory," said Alok Garodia, Managing Director of Jupiter International. He added, "This funding round strengthens our competencies in achieving our revenue and profitability goals. As India emerges as a significant player in solar cell manufacturing, Jupiter is well-positioned to meet the increasing demand both domestically and internationally."