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Jakson venture of solar products
Jakson was founded in the year 1947 as an electrical goods trading company in Delhi, India. Jakson is one of the oldest Diesel generator manufacturing companies in India. The company diversified into solar, EPC and Defence businesses in the year 2010. Jakson has four manufacturing plants across India located in Kathua, Kalsar and Greater Noida. The Kathua and Kalsar plants are dedicated generator manufacturing facilities. The Greater Noida manufacturing plant is a solar module manufacturing facility and manufactures solar modules and solar products.
Jakson is an OEM of Cummins, an American Fortune 500 corporation in India.
With the increase in its module capacity and a foray into solar cell manufacturing, the company wants to position itself as an energy and engineering company, said Sameer Gupta, chairman and managing director, Jakson group. Though the company diversified into solar business in 2010, power back-ups and diesel gensets still comprise a large part of its revenue. About 40 percent of its Rs 2,700 crore revenue comes from PowerGen and distribution business where it is a leading player.
This business comprises manufacture and sale of Cummins powered gensets, their installation, and maintenance. Solar modules contribute another 44 percent while the remaining comes other businesses which include EPC and defense retrofitting.
The company is making an investment of Rs 700 crore in the new solar module manufacturing plant in Gujarat. According to Gupta, the investment would be made in two phases. In the first phase, the capacity of 500 MW of solar modules would be set up. In the second phase, another 500MW of solar module manufacturing and 250MW of the solar cell would be set up.
The total capacity would 1GW of modules and 250MW of cells. It currently has 70 MW of capacity at its Noida plant for manufacturing mono and polycrystalline modules besides an installed capacity of 500 MW of module mounting structures.
On whether the influx of Chinese solar components was a challenge for players, like them, especially in a falling tariff regime, Gupta said, "The rates were competitive. The market is able to absorb products across the price range."
Gupta said they were also targeting the export market, which includes countries in the West Asia and Africa for EPC business. They have already appointed 12 dealers for selling modules and offer retail solutions in the export market.
The firm, which has a small 70 MW manufacturing plant in Greater Noida at present, is confident about competing with Chinese imports. "The cost difference between the modules we make at Jakson and Chinese ones is not more than 2%," Gupta said.
With all these new developments Jakson has become a trend setter and giving a tough competition to its competitors.
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