Jupiter International Plans IPO As It Expands Solar Capacity

03 Aug 2026 CW Team

Jupiter International Ltd is planning an initial public offering in the first quarter of calendar 2027, subject to statutory approvals, the chief executive, Dhruv Sharma, indicated to a national newspaper. The intention is to enlarge the investor base and raise funds for the next phase of growth, with management saying the company is already profitable and has established managerial and execution capability to accept retail investment.

The company began cell manufacturing with a capacity of 30 megawatt (MW) in 2009 and has since scaled output to around 4.5 gigawatt (GW). It currently operates four manufacturing units in Himachal Pradesh and another facility in Odisha through a joint venture partner. These operations underpin the firm’s confidence in pursuing a market listing to support further expansion.

A new 3 GW TopCon manufacturing unit with advanced technology is under construction in Nagpur and is expected to be commissioned between December 2026 and March 2027, which would raise cell manufacturing capacity to about 7.5 GW by the end of the current financial year. The company also plans a 5 GW ingot and wafer manufacturing facility in Nagpur over the next 20 months, with the overall expansion programme estimated at Rs 30 bn.

The expansion is expected to drive a sharp increase in revenue, with last financial year revenue at about Rs 9.75 bn and a target of roughly Rs 32 bn for the current financial year, management noted. Jupiter International is also pursuing overseas markets, with the United States identified as a key geography for potential entry with a local partner, and the company believes that declining storage costs will strengthen the competitiveness and viability of solar power in the coming years.

Infrastructure Urban

03 Aug 2026

BPTP Appoints Sanjay Sharma as Chief Operating Officer

BPTP Limited has appointed Sanjay Sharma as Chief Operating Officer to lead its Project Development function across residential, commercial and township projects.In his new role, Sharma will oversee end-to-end project delivery, including contracts and procurement, planning, safety, quality, cost management and schedule control.He brings more than three decades of experience in real estate development and large-scale project execution. His experience spans residential, commercial and township developments, with a focus on delivering complex projects within quality and timeline requirements.Befo..

Vedanta Aluminium Q1 PAT Surges 205% to Rs 6,597 Crore

Vedanta Aluminium Metal Limited reported a 205 per cent year-on-year increase in profit after tax to Rs 6,597 crore for the quarter ended June 2026, marking its first quarterly results as an independent entity.The company’s board approved an interim dividend of Rs 8 per equity share, involving a cumulative payout of more than Rs 3,000 crore.Revenue rose by 45 per cent year-on-year and 13 per cent quarter-on-quarter to a record Rs 21,105 crore, supported by higher volumes, improved realisations and marketing contributions.EBITDA increased by 134 per cent year-on-year and 24 per cent sequentia..

Royal Green Realty Appoints Deepak Khemchandani as CFO

Royal Green Realty has appointed Deepak Khemchandani as its Chief Financial Officer to strengthen the Gurugram-based developer’s financial strategy and support its sustainable growth plans.Khemchandani brings more than 24 years of experience across finance, accounting, business planning, treasury, taxation, investor relations and financial strategy.He has previously held leadership roles at real estate companies including Jindal Realty, Orris Infrastructure, Shipra Group, AlphaCorp Group and Splendor Landbase. His experience covers financial transformation, capital structuring, regulatory co..