Jupiter Renewables will invest Rs 2,700 crore to set up a solar cell manufacturing plant in Andhra Pradesh, becoming the third company to establish operations in the State, which is rapidly positioning itself as a leader in solar module and cell production.
Jupiter Renewables, a subsidiary of Kolkata-based Jupiter International, plans to set up a 4.8 gigawatt (GW) solar photovoltaic (PV) cell and 1.5 GW module manufacturing facility at Rambilli in Anakapalli district, with an investment of Rs 2,700 crore, according to State government’s Industries & Commerce Department order approving the investment.
The project will be set up in two phases (Phase-1 Rs 1,504 crore and Phase-2 Rs 1,196 crore), which has an employment generation potential of 2,216 persons, the order said.