Positive impactCompany
Microtek invests over ₹400 crore to accelerate solar business growth
Business Standard 1 hr ago·25 Oct 2026, 10:17 am
Microtek has announced a major expansion of its solar business with an investment of over ₹400 crore. A key part of this plan is the construction of a new solar panel manufacturing plant in Jaipur, which is expected to be operational by November 2026. This move is aligned with the company's broader vision of increasing its presence in the renewable energy sector.
For investors, this development signals Microtek's intent to strengthen its manufacturing capabilities and capture a larger share of the growing solar market. The new plant is expected to boost production capacity, potentially improving the company's competitive edge. The company also plans to introduce a new Battery Energy Storage System (BESS) as part of this initiative.
Investors should monitor the progress of the Jaipur plant and the company's ability to integrate the new BESS into its product lineup. The success of this expansion will depend on execution and market demand for these new offerings.
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- Category: Company.
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