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Microtek Invests Over ₹400 Crore to Accelerate Solar Business Growth
Sentiment: NeutralHigh Priority
What Happened?
Microtek has announced an investment exceeding ₹400 crore to boost its solar business. The company is establishing a new solar panel manufacturing plant in Jaipur, set to begin operations by November 2026.
Key points
- Microtek's new solar panel plant in Jaipur will be operational by November 2026.
- The company aims to double its revenue to ₹5,000 crore in FY27.
- Microtek's vision includes providing reliable energy solutions to households and businesses.
- The company supports the PM Surya Ghar Yojana to promote rooftop solar power.
- Microtek has over 100,000 dealers across India.
Key insights
- Microtek's investment may lead to increased job opportunities in the renewable energy sector.
- The new manufacturing plant could position Microtek as a key player in India's solar market.
- The company's focus on energy storage solutions aligns with India's growing energy needs.
Why it matters
This investment could enhance renewable energy access for households and businesses in India.
Tags
Entities
Microtek· CompanyJaipur· CityPM Surya Ghar Yojana· Program
Source
Business Standard
