Microtek commits over ₹400 crore to launch Jaipur solar panel plant

Microtek International Pvt Ltd revealed a capital injection exceeding ₹400 crore to accelerate its solar business, including the construction of a solar panel manufacturing plant in Jaipur that should be operational by November 2026. The announcement came during the Renewable Energy Expo 2026, where the company also presented its new Battery Energy Storage System, aligning with its "Har Ghar Bijli Ghar" vision to provide reliable power to homes and enterprises.

Founder and Chairman N K Aggarwal said the investment builds on four decades of expertise across generation, distribution, conditioning and storage. Microtek expects to more than double its FY27 revenue to ₹5,000 crore and target ₹10,000 crore within two years. Its product showcase featured home inverters, UPS systems, batteries, solar panels, solar inverters and lithium batteries, supported by a network of over 100,000 dealers nationwide. The firm also referenced government schemes like PM Surya Ghar: Muft Bijli Yojana that aim to install rooftop solar for one crore households.