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Jakson Engineers plans Rs 2k-cr investment, set up solar cell facility

Thursday, 05 Sep 2024
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Jakson Group arm Jakson Engineers (JEL) has investment plans of Rs 2,000 crore to help steer expansion of its solar manufacturing business. The company will set up a 2,500 MW solar cell manufacturing facility, to be developed in two phases and simultaneously expand its existing module manufacturing facility to 2,000 MW.

This expansion marks a major milestone in building capability towards meeting the growing demand for solar energy solutions. The expansion, coupled with the latest TOPCON technology, will drive sustainability and innovation, ensuring that its products meet the highest standards in efficiency and reliability.

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, the expansion plan is set to create 1,200 new employment opportunities in the region. This significant investment aligns with JEL's commitment to sustainable energy development in India.

JEL aims to become a 5,000 MW integrated solar wafer, cell and module manufacturer, in alignment with India's goal of achieving net zero emissions.

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