Jakson Group Eyes Rs. 600 Crore Revenue in FY 2017 from Solar Projects

Online, March 10, 2014 (Newswire.com) - Jakson Group, India's leading power solutions company, today unveiled blueprint to up revenue share in its total earnings from solar business. As part of its strategy, the company is targeting revenue of Rs. 600 crore by March 2017 through expanding its solar power production (IPP), mobile & containerised solar gensets and EPC portfolio. The company also plans to increase its solar business presence in overseas market primarily in Middle East and Africa.

Jakson is already getting strong response for its stand alone solar mobile & containerised gensets. Jakson recently introduced India's first environment friendly Solar Gensets as part of its plan to launch innovative solar products.

Apart from this, the company plans to enter into Indian Defence Sector with a vision to become an integral part of Indigenization drive started by Ministry of Defence. Jakson will offer its innovative solar product line in the defence sector for their power needs at remote locations.

Mr. Sundeep Gupta, Joint Managing Director, Jakson Group, "We are very optimistic about the future of our solar business vertical and we are moving steadily to achieve our desired target. We at Jakson Group believe in technological innovations which are future ready, efficient and environment friendly. We are hoping to cross our revenue targets by 2017 through our Solar Business Channel."

The company has commissioned its first 20 MW solar power plant at BAP, Jodhpur District, Rajasthan in February, 2013 with an investment of Rs 200 crore. The company plans to further expand the capacity from 20 MW to 100 MW with an investment of additional Rs. 600 crore by 2017. The company is currently implementing 10 MW solar project in Bundelkhand region, Uttar Pradesh, with an investment of Rs. 80 crore.

Jakson has state-of-the-art manufacturing facility in Greater Noida (NCR) region to manufacture solar products. The plant is expected to manufacture 5000 units per annum of the current range of solar products besides having the capacity to produce another 5000 units per annum of new products which shall be added to the offerings from Jakson in due course. The company is in the process of setting up new dealers and distributions network to market these new products in India and Overseas.

About Jakson Group

Established in 1945, Jakson is one of the leading Power Solutions Group in India today. With 4 companies in its fold, the group has a strong presence in various sectors. The group has more than 1800 employees and its current revenues exceed Rs. 1350 crores per annum with a sales and service network spread across India, Nepal, Bangladesh and Singapore.

The group manages diverse business interests in the areas of Power Generation, Power Distribution, Solar Power, Electrical Contracting, EPC business and now even Hospitality delivering comprehensive services at the market place.