Tata Power, Jakson, Ashoka Buildcon lead solar EPC market in 1H 2024
POWER & RENEWABLE ENERGY

Tata Power, Jakson, Ashoka Buildcon lead solar EPC market in 1H 2024

Tata Power Solar, Jakson Green, and Ashoka Buildcon have emerged as the top utility-scale solar engineering, procurement, and construction (EPC) providers in India during the first half (1H) of 2024, according to Mercom India’s Solar Market Leaderboard for 1H 2024. Gensol Engineering and InSolare Energy also secured spots in the top five.

Tata Power Solar led the market with a 32.7% share, followed closely by Jakson Green at 32.1%, while Ashoka Buildcon claimed the third spot with 6.5%. Gensol Engineering and InSolare Energy accounted for 6.2% and 5.1% of the market, respectively. Together, the top five companies held a dominant 82.6% share of the market.

Tata Power Solar’s cumulative installed capacity in EPC mode reached 6.4 GW as of June 2024. Notably, the company commissioned India’s largest solar and Battery Energy Storage Systems (BESS) project during this period—a 100 MW solar power plant with a 40 MW/120 MWh utility-scale BESS system in Rajnandgaon, Chhattisgarh.

Jakson Green, with a cumulative installed capacity of 2.8 GW, delivered a 40 MW solar project in Ayodhya, Uttar Pradesh, awarded by NTPC Green Energy.

Ashoka Buildcon made its mark in the solar EPC sector by commissioning its first 150 MW solar project, part of NTPC’s 1,070 MW EPC auction from December 2020. This achievement propelled the company to third place in the rankings for 1H 2024.

(Mercom)

Tata Power Solar, Jakson Green, and Ashoka Buildcon have emerged as the top utility-scale solar engineering, procurement, and construction (EPC) providers in India during the first half (1H) of 2024, according to Mercom India’s Solar Market Leaderboard for 1H 2024. Gensol Engineering and InSolare Energy also secured spots in the top five. Tata Power Solar led the market with a 32.7% share, followed closely by Jakson Green at 32.1%, while Ashoka Buildcon claimed the third spot with 6.5%. Gensol Engineering and InSolare Energy accounted for 6.2% and 5.1% of the market, respectively. Together, the top five companies held a dominant 82.6% share of the market. Tata Power Solar’s cumulative installed capacity in EPC mode reached 6.4 GW as of June 2024. Notably, the company commissioned India’s largest solar and Battery Energy Storage Systems (BESS) project during this period—a 100 MW solar power plant with a 40 MW/120 MWh utility-scale BESS system in Rajnandgaon, Chhattisgarh. Jakson Green, with a cumulative installed capacity of 2.8 GW, delivered a 40 MW solar project in Ayodhya, Uttar Pradesh, awarded by NTPC Green Energy. Ashoka Buildcon made its mark in the solar EPC sector by commissioning its first 150 MW solar project, part of NTPC’s 1,070 MW EPC auction from December 2020. This achievement propelled the company to third place in the rankings for 1H 2024. (Mercom)

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?