Jakson Engineers invest Rs 20 billion in 2,500 MW solar cell facility
POWER & RENEWABLE ENERGY

Jakson Engineers invest Rs 20 billion in 2,500 MW solar cell facility

Jakson Engineers Ltd (JEL), part of the Jakson Group, has announced an investment of approximately Rs 20 billion to establish a 2,500 MW solar cell manufacturing facility. The project will be developed in two phases, with the first phase set to be completed within the next 15 months. Concurrently, the company is expanding its existing solar module production capacity to 2,000 MW, with the expansion expected to be completed in six months.

The new facility and expansion are projected to create 1,200 jobs and strengthen JEL’s position as a fully integrated solar solutions provider. “This expansion not only strengthens our market position but also underscores Jakson’s commitment to growth and sustainability,” said Sundeep Gupta, Vice Chairman & Managing Director of Jakson Group.

India’s current solar cell manufacturing capacity stands at 7 GW, and Jakson’s initiative aims to help bridge the gap between domestic production and imports. The investment aligns with India’s objective of achieving self-reliance in renewable energy and meeting its Net Zero emissions target.

The new facility will incorporate advanced TOPCON technology to enhance efficiency and reliability. This expansion will also bolster JEL’s backward integration capabilities, offering greater value to customers while supporting India’s clean energy transition. As part of its long-term growth strategy, Jakson aims to eventually scale up its capacity to 5,000 MW. (ET)

Jakson Engineers Ltd (JEL), part of the Jakson Group, has announced an investment of approximately Rs 20 billion to establish a 2,500 MW solar cell manufacturing facility. The project will be developed in two phases, with the first phase set to be completed within the next 15 months. Concurrently, the company is expanding its existing solar module production capacity to 2,000 MW, with the expansion expected to be completed in six months. The new facility and expansion are projected to create 1,200 jobs and strengthen JEL’s position as a fully integrated solar solutions provider. “This expansion not only strengthens our market position but also underscores Jakson’s commitment to growth and sustainability,” said Sundeep Gupta, Vice Chairman & Managing Director of Jakson Group. India’s current solar cell manufacturing capacity stands at 7 GW, and Jakson’s initiative aims to help bridge the gap between domestic production and imports. The investment aligns with India’s objective of achieving self-reliance in renewable energy and meeting its Net Zero emissions target. The new facility will incorporate advanced TOPCON technology to enhance efficiency and reliability. This expansion will also bolster JEL’s backward integration capabilities, offering greater value to customers while supporting India’s clean energy transition. As part of its long-term growth strategy, Jakson aims to eventually scale up its capacity to 5,000 MW. (ET)

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code