Jakson Engineers To Invest Rs 2,000cr On Solar Manufacturing

Jakson Engineers To Invest Rs 2,000cr On Solar Manufacturing

Jakson Engineers Ltd (JEL), part of the energy and infrastructure conglomerate Jakson Group, announced an expansion of its solar manufacturing business. The company plans to invest approximately Rs 2,000 crore for setting-up a 2,500 MW Solar Cell manufacturing facility, which will be developed in two phases and is simultaneously expanding its existing solar module manufacturing facility to 2,000 MW.

By significantly ramping up its manufacturing capabilities, Jakson aims to better serve its growing customer base and contribute meaningfully to the global shift towards renewable energy. Sundeep Gupta, Vice Chairman & Managing Director of Jakson Group, stated, “We are thrilled to announce this substantial increase in our manufacturing capabilities. This expansion not only strengthens our position in the market but also underscores Jakson’s remarkable growth and long-standing commitment to sustainability. Our company has been consistently scaling new heights in the solar manufacturing sector. This move further solidifies our commitment to becoming a fully integrated solar solutions provider.”

The first phase of solar cell plant is set to be commissioned within the next 15 months, while the module plant expansion is expected to be completed within six months. Upon completion this expansion plan is set to create 1,200 new jobs, in the region. This significant investment aligns with JEL’s commitment to sustainable energy development in India. With the country’s current solar cell manufacturing capacity at just 7GW, Jakson’s expansion will help bridge the gap between imports and domestic production.

Gupta further added, “Jakson Group has been on an impressive growth trajectory, and this expansion is a testament to our vision and the increasing demand for our high-quality solar products. By strengthening our backward integration capabilities, we’re not only ensuring a more robust supply chain but also positioning ourselves to deliver even greater value to our customers.”

Looking ahead, JEL aims to become a 5,000 MW integrated solar wafer, cell and module manufacturer, in alignment with India’s ambitious goal of achieving Net Zero emissions.

About Jakson Group
Established in the year 1947, the Jakson Group has evolved from specializing in Diesel Generator Manufacturing to becoming a multifaceted Energy Solutions provider. The company’s prowess encompasses Distributed Energy, Solar Power, Eco-friendly Energy sources, Alternative Fuels, and high-tech Energy Storage Systems, as well as Renewable, Civil, and Infrastructure EPC services. The Company has an extensive presence throughout India with 6 manufacturing facilities, 30+ Sales Offices, 8 international offices and a wide network of channel partners and dealers making it one of the top 10 energy companies in India.