New Delhi, February 13 Grew Solar has raised ₹1,050 crore to fund its growth and expansion plans.
The latest round was led by Bay Capital Investment Ltd, with participation from two other institutional investors, the company said in a statement.
The new funds worth ₹1,050 crore will be used to strengthen ongoing operations and support strategic expansion initiatives.
A significant portion of the investment will be directed towards expanding the solar cell manufacturing facility, increasing the total cell manufacturing capacity from the planned 3 GW to 8 GW.
In a separate statement, the company said it has secured a 550 MW solar module supply order from a leading independent power producer.
