GREW Solar Raises Rs 300M to Expand Manufacturing Capacity
ECONOMY & POLICY

GREW Solar Raises Rs 300M to Expand Manufacturing Capacity

GREW Solar, a solar PV manufacturer under the Chiripal Group, has raised Rs 300 million from a diverse set of investors, including noted market participants Vijay Kedia and Rohit Kothari of GeeCee Holdings. The company plans to deploy the capital towards new product development, strengthening technological infrastructure, and funding expansion initiatives.
Vijay Kedia said, “I invest in companies built on integrity, vision and execution strength. GREW Solar embodies these values and is well-positioned to ride India’s renewable energy wave, particularly in solar manufacturing. It has the potential to create long-term value for investors while advancing India’s clean energy leadership.”
Rohit Kothari of GeeCee Holdings added, “We trust GREW Solar’s commitment to driving its next phase of growth, backed by strong technology capabilities and visionary leadership. Aligned with India’s clean energy agenda and global sustainability goals, we support GREW Solar’s journey as it scales and creates lasting impact.”
Vinay Thadani, Director & CEO of GREW Solar, said, “We are honoured to welcome Mr Kedia and Mr Kothari on board. These investments validate our strategy and motivate us to build a robust solar ecosystem powering India’s green ambitions. This will accelerate our growth and strengthen our contribution to India’s renewable energy targets.”
About GREW Solar
Founded in 2022, GREW Solar has rapidly scaled with support from the Chiripal Group’s five-decade manufacturing legacy. In its first year, it launched M10 modules up to 550 Wp and commissioned 1.2 GW of module capacity at Dudu, Rajasthan. By 2025, capacity expanded to 3 GW with high-efficiency M10 TOPCon modules of up to 590 Wp. The Dudu facility is being scaled to 11 GW, positioning it as one of India’s largest AI-powered integrated solar PV module manufacturing plants with an in-house R&D lab.
The company is also setting up a 3 GW solar PV cell plant in Narmadapuram, Madhya Pradesh, with plans to expand to 8 GW by the end of 2026, enabling full backward integration.

GREW Solar, a solar PV manufacturer under the Chiripal Group, has raised Rs 300 million from a diverse set of investors, including noted market participants Vijay Kedia and Rohit Kothari of GeeCee Holdings. The company plans to deploy the capital towards new product development, strengthening technological infrastructure, and funding expansion initiatives.Vijay Kedia said, “I invest in companies built on integrity, vision and execution strength. GREW Solar embodies these values and is well-positioned to ride India’s renewable energy wave, particularly in solar manufacturing. It has the potential to create long-term value for investors while advancing India’s clean energy leadership.”Rohit Kothari of GeeCee Holdings added, “We trust GREW Solar’s commitment to driving its next phase of growth, backed by strong technology capabilities and visionary leadership. Aligned with India’s clean energy agenda and global sustainability goals, we support GREW Solar’s journey as it scales and creates lasting impact.”Vinay Thadani, Director & CEO of GREW Solar, said, “We are honoured to welcome Mr Kedia and Mr Kothari on board. These investments validate our strategy and motivate us to build a robust solar ecosystem powering India’s green ambitions. This will accelerate our growth and strengthen our contribution to India’s renewable energy targets.”About GREW SolarFounded in 2022, GREW Solar has rapidly scaled with support from the Chiripal Group’s five-decade manufacturing legacy. In its first year, it launched M10 modules up to 550 Wp and commissioned 1.2 GW of module capacity at Dudu, Rajasthan. By 2025, capacity expanded to 3 GW with high-efficiency M10 TOPCon modules of up to 590 Wp. The Dudu facility is being scaled to 11 GW, positioning it as one of India’s largest AI-powered integrated solar PV module manufacturing plants with an in-house R&D lab.The company is also setting up a 3 GW solar PV cell plant in Narmadapuram, Madhya Pradesh, with plans to expand to 8 GW by the end of 2026, enabling full backward integration.

Next Story
Real Estate

Q3 2025: Housing Sales Volume Declines 9% Annually

India’s residential real estate market showed mixed trends in Q3 2025. Despite global economic uncertainties and affordability challenges, housing demand remained resilient, supported by rising incomes, urbanisation, and aspirational homeownership.According to ANAROCK Research, housing sales across the top 7 cities stood at approx. 97,080 units in Q3 2025, a 9 per cent decline from 1,07,060 units in Q3 2024. However, the total sales value grew 14 per cent annually – from approx. Rs 1.33 trillion in Q3 2024 to approx. Rs 1.52 trillion in Q3 2025 – largely driven by higher traction in the ..

Next Story
Infrastructure Urban

LANXESS India Honoured with Three Recognitions by Indian Chemical Council

LANXESS India has been honoured with three prestigious awards from the Indian Chemical Council (ICC), reaffirming its commitment to safety, security, and sustainability. The recognitions include the ICC–Vinati Organics Award for Excellence in Management of Health & Safety for its Jhagadia site, along with two ICC–Epsilon Carbon Certificates of Merit under Responsible Care for being the best compliant company in the categories of Security Code and Product Safety & Stewardship Code.The awards were presented by Shri Deepankar Aron IRS, Joint Secretary, Department of Chemicals and Petr..

Next Story
Infrastructure Energy

Enlight Metals Expands into Coal Aggregation

Enlight Metals, one of India’s fastest-growing metal aggregators, has announced its entry into the coal sector with the launch of a dedicated coal aggregation division. This strategic move extends the company’s proven aggregation model from metals to coal, with a focus on reliability, efficiency, and scale in meeting the needs of India’s industrial and energy sectors.The new division will primarily serve two high-demand segments: coking coal for the steel industry and thermal coal for industrial and power producers. Both segments face persistent supply challenges, which Enlight Metals ai..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?