Jakson Power today outlined the company’s plans to invest about Rs 700 crore in setting up solar power farms, taking the company's installed capacity to 200 MW over the next two years.

Part of the Jakson Group, Jakson Power, which is engaged in the manufacture of diesel gensets, solar energy-based products, solar power farms and the hospitality sector, today announced the setting up of their office in Telangana to market their products and services.

“The company, which had a turnover of Rs 1,500 crore last fiscal, is aiming at revenues of about Rs 2,500 crore over the next two years. This growth will be fuelled by the gen-sets business, expansion in the solar power generation capacity and the hospitality business,” Sameer Gupta, Managing Director of Jakson Group, said.

Addressing a press conference here, he said the 70-year–old company currently has four manufacturing plants and a Global Training Centre in partnership with Cummins. The capacity expansion undertaken in the past year was good enough to support growth over the next couple of years. The focus now was on expanding the market for diesel gen-sets and also setting up of solar photovoltaic power generation farms.

“Currently, the company has an installed capacity of 30 MW of solar power generation, 20 MW in Rajasthan and 10 MW in Uttar Pradesh. We are in the process of setting up 30 MW more in UP. And are looking at opportunities in other locations including in Telangana,” he said.

The company plans to have an installed capacity of about 200 MW of solar power generation as an independent power producer within two years, he said.

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