Jupiter International Plans IPO to Enhance Solar Manufacturing Capabilities
Jupiter International is considering an IPO within 10-12 months to raise capital for expanding manufacturing and technology. The company aims to invest ₹10,900 crore in its Nagpur facility, enhancing its solar production capabilities and integrated manufacturing ecosystem.
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Jupiter International, a major solar photovoltaic cell manufacturer in India, is exploring an IPO in the next 10 to 12 months to support its growth initiatives. The Nagpur facility requires a total investment of ₹10,900 crore, with ₹3,500 crore allocated for this fiscal year to develop next-generation solar cells, modules, and wafers.
The company aims to establish a comprehensive photovoltaic manufacturing ecosystem to enhance its integrated capabilities. In FY27, an additional ₹2,500 crore is planned for cell and module production, alongside ₹1,000 crore for wafer-ingot production. This strategic move could strengthen domestic manufacturing and position Jupiter as a competitive player in global solar technology.
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