Jupiter International plans to invest Rs 6,500 crore in expanding its capacity.
Jupiter International, a leading solar solutions provider, announced on Thursday its plan to invest Rs 6,500 crore in capacity expansion over the next three years. The company aims to enhance its capabilities by increasing its planned capacities to 3 GW for wafers, 9.4 GW for cells, and 6 GW for modules. This strategic investment is intended to meet the rising market demand with cutting-edge and reliable solar solutions.
In a statement, Jupiter International revealed its commitment to becoming a fully integrated solar manufacturing leader through this significant investment. The company will focus on expanding its capacity in wafer production, solar cell manufacturing, and module assembly to solidify its position in the solar sector. By establishing a robust and seamless supply chain that covers every stage of solar manufacturing, Jupiter International aims to set new standards in the industry.
Alok Garodia, Managing Director of Jupiter International, emphasized that the company is not only increasing its capacity but also redefining what it means to be a leader in solar manufacturing. Since its establishment in 2008, Jupiter has emerged as a key player in the solar industry by leveraging advanced technology, local manufacturing expertise, and a commitment to quality to deliver impactful solutions. The company’s facility in Himachal Pradesh currently produces 1 GW of high-efficiency solar photovoltaic (PV) cells annually.
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