GREW Solar: Scaling Up the Sun with ₹1,050 Crore Boost

GREW Solar has secured ₹1,050 crore in a funding round led by Bay Capital Investment Limited along with two other institutional investors. The company said the fresh capital will be utilised to scale up its solar cell manufacturing capacity at its Narmadapuram facility in Madhya Pradesh from 3 GW to 8 GW.

Earlier, the integrated solar PV module manufacturer had raised ₹300 crore from prominent investors, including Vijay Kedia and Rohit Kothari of GeeCee Holdings.

The company stated that the latest round of investment will reinforce its operational capabilities and advance its plans to evolve into a fully integrated solar manufacturing enterprise.

Vinay Thadani, CEO and Director of GREW Solar, said the fundraise reflects strong investor confidence in the company’s production capabilities and long-term growth roadmap. He noted that the capital infusion will help fast-track capacity expansion, improve operational efficiency, and support continued technological innovation.

News by Rahul Yelligetti.