{"url":"https://newsforagent.com/news/2026-10-25/microtek-400-crore-jaipur-solar-plant","markdown_url":"https://newsforagent.com/news/2026-10-25/microtek-400-crore-jaipur-solar-plant.md","title":"Microtek Invests ₹400 Crore in Jaipur Solar Panel Plant","headline":"Microtek Puts Over ₹400 Crore Into Solar Panel Plant in Jaipur and New Storage System","description":"Microtek is investing over ₹400 crore in a Jaipur solar panel plant due by November 2026 and targets ₹5,000 crore revenue in FY27.","section":"Expansion","published_at":"2026-10-25T10:43:22+00:00","modified_at":"2026-10-25T10:43:22+00:00","author":"News Desk","key_takeaways":["Microtek has invested over ₹400 crore and is building a solar panel manufacturing plant in Jaipur expected to be operational by November 2026.","Microtek expects to more than double revenue in FY27 to ₹5,000 crore and aims for ₹10,000 crore within two years.","Microtek will introduce a new Battery Energy Storage System under its 'Har Ghar Bijli Ghar' vision, with reach supported by over 100,000 dealers across India."],"companies":[{"name":"Microtek International P. Ltd.","is_primary":true,"profile_url":"https://akta.pro/company-profiles/004w6gk/microtek-international-p-ltd","website":"https://microtekdirect.com"}],"source":{"publisher":"Business Standard","title":"Microtek invests over ₹400 crore to accelerate solar business growth","url":"https://www.business-standard.com/companies/news/microtek-invests-over-400-crore-to-accelerate-solar-business-growth-126102500350_1.html"},"other_sources":[{"publisher":"TESLARATI","url":"https://www.teslarati.com/tesla-cybercab-gets-sale-date-at-last/"},{"publisher":"EIN Presswire","url":"https://www.einnews.com/article/950113184/live"},{"publisher":"CNBCTV18","url":"https://www.cnbctv18.com/energy/vikram-solar-bags-187-mw-module-order-for-projects-in-karnataka-and-tamil-nadu-20012804.htm"},{"publisher":"Financial Express","url":"https://www.financialexpress.com/business/industry-europe-amp-west-asia-key-in-avaada-growth-plan-chair-4361518/"}],"tags":["Expansion","Microtek International P. Ltd."],"body_markdown":"[Microtek International P. Ltd.](https://akta.pro/company-profiles/004w6gk/microtek-international-p-ltd) has invested over ₹400 crore to accelerate its solar business and is setting up a solar panel manufacturing plant in Jaipur expected to become operational by November 2026, [Business Standard](https://www.business-standard.com/companies/news/microtek-invests-over-400-crore-to-accelerate-solar-business-growth-126102500350_1.html) reported. The company announced the investment at the renewable energy expo 2026, which concluded on Saturday.\n\n## Microtek's Jaipur Plant and BESS Plans\n\nMicrotek, an Indian manufacturer of home UPS and inverter systems, batteries, voltage stabilizers and solar products, said the Jaipur plant forms part of its expansion plans. The company will introduce a new Battery Energy Storage System under its 'Har Ghar Bijli Ghar' vision, which it said focuses on making reliable energy solutions accessible to households and businesses.\n\nMicrotek's portfolio spans power generation, distribution, conditioning and storage, built on nearly four decades of power management experience. At the expo, the company showcased home inverters, UPS systems, batteries, electrical wires, solar panels, solar inverters and lithium batteries. It also offers solutions supporting PM Surya Ghar: Muft Bijli Yojana, the programme aimed at bringing rooftop solar power to one crore households.\n\nN K Aggarwal, Founder & Chairman of Microtek International Pvt Ltd, said, \"Our vision of 'Har Ghar Bijli Ghar' reflects our ambition to help households generate and manage their own electricity. Our portfolio across generation, distribution, conditioning and storage builds on nearly four decades of experience in keeping power reliable. Through our BESS and lithium-based solutions, we are strengthening our capabilities to serve India's changing energy needs.\"\n\nMicrotek's reach is supported by over 100,000 dealers across India. The company expects to more than double revenue in FY27 to ₹5,000 crore, with an ambition to reach ₹10,000 crore within two years, it said.\n\n## Microtek's Product and Financing Record\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Microtek launched a LiFePO4-based lithium battery for inverter and home UPS applications in 2025, entering the maintenance-free lithium category for residential power backup. The same records show a partnership with Bajaj Finance to offer EMI and financing options on Microtek power backup products, including battery combos, inverters and batteries. Microtek also launched an end-to-end solar solutions portfolio covering solar hybrid inverters, polycrystalline and mono PERC/Topcon bifacial panels, MPPT/PWM PCUs, single- and three-phase grid-tied inverters, solar management units and solar tubular batteries. The records list four manufacturing units across India and a presence in over 29 countries.\n\n## Solar Manufacturing Moves Across the Sector\n\nOther solar manufacturers have also announced expansion steps. Fort Bend County commissioners approved four tax incentives for Tesla's proposed $10.1 billion solar cell factory near Needville, Texas, a project called Project Crystal Sun that would create 9,712 jobs and target commercial operations in Q1 2029, [TESLARATI](https://www.teslarati.com/tesla-cybercab-gets-sale-date-at-last/) reported on October 22, 2026. Australian Premium Solar (India) Limited began commercial production of a 400 MW TOPCon module line at its Gujarat facility, raising total module capacity to 1.2 GW, [EIN Presswire](https://www.einnews.com/article/950113184/live) reported on October 16, 2026. Vikram Solar secured an 187 MW order to supply N-Type TOPCon modules for renewable projects in Karnataka and Tamil Nadu, [CNBCTV18](https://www.cnbctv18.com/energy/vikram-solar-bags-187-mw-module-order-for-projects-in-karnataka-and-tamil-nadu-20012804.htm) reported on October 15, 2026. Avaada Group is evaluating Europe and West Asia for solar exports, with Europe focusing on Italy, Germany, the Netherlands and Spain, [Financial Express](https://www.financialexpress.com/business/industry-europe-amp-west-asia-key-in-avaada-growth-plan-chair-4361518/) reported on October 14, 2026.\n\n## Microtek's November 2026 Plant Timeline\n\nMicrotek's Jaipur solar panel manufacturing plant is expected to become operational by November 2026, the company said. The company also said it will introduce its new Battery Energy Storage System, with details of the launch to come from Microtek.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}