Jupiter International Ltd has announced a significant ₹500 crore investment from ValueQuest SCALE Fund and its affiliates to accelerate the expansion of its solar manufacturing operations. The strategic infusion of capital will support the company’s ambitious capacity-building plans and reinforce its role in India’s clean energy landscape.
Scaling Up for a Greener Future
Currently operating a 1 GW solar cell manufacturing facility in Baddi, Himachal Pradesh, Jupiter International is set to ramp up its production capacity to 5.6 GW for solar cells and 2.4 GW for solar modules. The expansion is part of the company’s broader capital expenditure (capex) program, backed by the new funding and internal accruals.
Strengthening Strategic Partnerships
The investment marks a continued commitment from ValueQuest, highlighting its confidence in Jupiter’s ability to scale efficiently and sustainably. The collaboration signals a long-term vision. It aims to support India’s shift toward energy self-reliance and reduce dependence on imported solar components.
Leaders Speak on Impact and Vision
Alok Garodia and Ravi Dharamshi—key representatives from Jupiter International and ValueQuest, respectively—emphasized the importance of the partnership in advancing India’s energy transition. They noted that the expansion would strengthen domestic manufacturing. It would also contribute meaningfully to the nation’s renewable energy goals.
Accelerating India’s Solar Momentum
As reported by devdiscourse.com, India is pursuing aggressive solar capacity targets. Jupiter International’s expansion positions it as a vital player in the country’s push for energy independence and sustainable growth.
