Jakson Engineers plans Rs 2,000 cr investment to expand solar manufacturing biz

New Delhi: Jakson Engineers, a subsidiary of Jakson Group, announced on Wednesday that it plans to allocate around Rs 2,000 crore towards the growth of its solar manufacturing division. The company statement said that Jakson Engineers Ltd (JEL), a division of the well-known energy and infrastructure conglomerate Jakson Group, revealed a substantial growth in its solar manufacturing business.

As per the announcement, the company intends to invest around Rs 2,000 crore for establishing a 2,500 MW Solar Cell manufacturing plant, to be completed in two stages, while also growing its current solar module manufacturing facility to 2,000 MW. This growth signifies a significant achievement for Jakson Engineers, demonstrating their commitment to addressing the increasing need for solar energy solutions.

Jakson is looking to enhance its manufacturing capacities in order to more effectively cater to its expanding customer base and play a significant role in the worldwide move towards renewable energy. In the announcement, Sundeep Gupta, Vice Chairman & Managing Director of the Jakson Group, mentioned, "This growth not only enhances our market position but also highlights Jakson's impressive development and enduring dedication to sustainability." "Our company has continuously been reaching higher levels of success in the solar manufacturing industry. This action reinforces our dedication to becoming a solar solutions provider with complete integration.

The company's commitment to sustainability and innovation is showcased through the expansion and integration of the most advanced TOPCON technology, guaranteeing their products' top-notch efficiency and reliability.

The solar cell plant's initial stage is scheduled to be operational in the next 15 months, and the module plant expansion is projected to finish within six months. After the expansion plan is finished, it is expected to generate 1,200 new jobs in the area. This substantial investment is in line with JEL's dedication to the sustainable development of energy in India. With the current capacity for manufacturing solar cells in the country.