Renewable Energy • Solar cell manufacturing

Jupiter International Limited is a Kolkata-based manufacturer of solar cells. The company was incorporated on 08/09/1978 and its registered and corporate office is at 20A Ashutosh Chowdhury Avenue, Kolkata. Its factories are at Baddi in Himachal Pradesh. Jupiter began as a different business. In 1992 it diversified into IT peripherals under the Frontech brand. In 2009 it set up a 30 MW solar cell unit, and solar cells have since become its main business. Capacity grew to 133 MW in 2015 and 433 MW in 2017. Its brownfield expansion and move to mono PERC cells took total solar cell capacity to 959 MW. The company sells solar cells (M10 mono PERC) and also offers solar EPC work: engineering, procurement and construction. As of June 30, 2025 it had executed 11.80 MW of solar projects across India, covering rooftop and ground-mounted installations. Its website says it employs over 600 people. The company is adding capacity. The website lists a new 1.00 GW mono PERC solar cell facility planned for the third quarter of Fiscal 2026 and a 1.25 GW TOPCon facility planned for the last quarter of Fiscal 2026, both at Baddi. It also describes an integrated solar cell and solar module project in Bhubaneswar, Odisha, with one unit being a joint venture. These are company statements, not results we have verified. On funding, the company says Edelweiss Alternatives invested ₹ 1,700.00 million in 2022 to set up a 528 MW mono PERC cell unit. It raised funds from ValueQuest SCALE Fund and signed a shareholders agreement on May 3, 2024. Alok Garodia is Chairman and Managing Director and has led the solar business since it began in 2009. We have no IPO date or price for Jupiter International, and we do not guess one. Shares of a company like this are dealt off-market through unlisted-share dealers, so prices are indicative only. Our indicative price is ₹235 per share with a lot size of 500 shares, which implies a market cap of about ₹17515.43 crore. No annual report or DRHP text could be read for this page, so financial figures are not shown.
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Data refreshed 08 Nov 2026, 09:00 pm IST.