Jupiter to expand Baddi PV plant to 5.6 GW with INR 500 crore deal

ValueQuest SCALE Fund invested INR 500 crore in Jupiter International to expand solar cell and module capacity at its Baddi plant in Himachal Pradesh.

By Prudhvi Rani 14 Apr 2025 in India Bytes Business Bytes

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Jupiter International received INR 500 crore to scale its 1 GW solar facility in Baddi to 5.6 GW cell and 2.4 GW module capacity. Image Credit/Source: Kelly/Pexels

India-headquartered Jupiter International Ltd has secured an investment of INR 500 crore (~$58.08 million) from ValueQuest SCALE Fund and affiliates to support its solar manufacturing expansion. The company operated a 1 GW facility in Baddi, Himachal Pradesh and planned to scale it to 5.6 GW solar cell and 2.4 GW module capacity. The funding round and internal accruals were intended to fund ongoing capital expenditure. The company stated it manufactures photovoltaic solar cells and offers solar power solutions. ValueQuest described Jupiter as having the potential to scale operations and reduce import dependency through advanced manufacturing.

#India #HimachalPradesh #BaddiPVPlant #ValueQuestSCALEFund #JupiterInternationalLtd

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