Mumbai, Oct. 28 -- Microtek has announced an investment of over Rs. 4 bn to accelerate the growth of its solar business, including the establishment of a new solar panel manufacturing plant in Jaipur. The facility is expected to become operational by November 2026, the company said at a renewable energy expo.
The company is also launching a Battery Energy Storage System (BESS) under its Har Ghar Bijli Ghar vision. The initiative is intended to make reliable energy generation, storage and management solutions more accessible to households and businesses across India.
Microtek said its portfolio is built around four areas: power generation, distribution, conditioning and storage. At the expo, it showcased home inverters, uninterruptible power supply systems, batteries, electrical wires, solar panels, solar inverters and lithium batteries.
The expansion supports initiatives such as PM Surya Ghar: Muft Bijli Yojana, which aims to bring rooftop solar power to 10 mn households. Microtek said its products are designed to help consumers generate, store and manage electricity more efficiently, while reducing dependence on conventional power sources.
With nearly four decades of experience in power management, Microtek has a network of more than 100,000 dealers across India. The company expects to more than double its revenue in FY27 to Rs. 50 bn and has set an ambition of reaching Rs. 100 bn within two years. Its strategy includes expanding solar manufacturing capabilities and strengthening its BESS and lithium-based product offerings to address changing energy requirements.
Published by HT Digital Content Services with permission from Construction World.