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February 10,2025

Grew Solar Plans Rs 2,800 Crore Investment for Solar Manufacturing

Grew Solar, part of the Chiripal Group, is investing Rs 2,800 crore to set up 3.6 GW of Solar Modules and 3 GW of Solar Cell manufacturing capacity in the next 12-14 months. The capital will be funded with a 2:1 debt-equity ratio, including Rs 950 crore in equity. The company aims to achieve Rs 1,400 crore in FY25 revenue and a Rs 3,400 crore target by FY26.

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