Microtek to invest over ₹400 crore in solar expansion
In short
Microtek said it will spend over ₹400 crore to grow its solar business. It is building a new solar panel plant in Jaipur, and the company expects it to start operating by November 2026.
Microtek also plans to launch a new Battery Energy Storage System. The report does not say how big the plant will be or how much money the new products could make.
What the reporting says
Microtek announced it will invest over ₹400 crore to accelerate its solar business growth. The company said it is setting up a new solar panel manufacturing plant in Jaipur, expected to become operational by November 2026, and that it will introduce a new Battery Energy Storage System under its ‘Har Ghar Bijli Ghar’ vision. The reporting does not state the plant capacity, financing details, or expected revenue impact.
Why it matters
Microtek announced a large investment of more than ₹400 crore to expand its solar business, including a new manufacturing plant in Jaipur due to start by November 2026. The company also plans to launch a Battery Energy Storage System tied to its household energy-access theme. The reporting does not provide capacity, funding structure or profit outlook, so the scale of financial payoff remains unknown.