Electrical Monitor

Jakson Power aims to increase market share in diesel gensets

Mrinalini PrasadTuesday, July 16, 2013, 14:44 Hrs  [IST]

Jakson PlantWith its Kalsar plant in Gujarat now fully functional, Jackson Power Solution plans to double its revenue from 1,350 crore to 2,500 crore by March 2016. As part of its strategy, the company will aim at growing its market share in diesel-based power generation in India. Jakson plans to manufacture 12,500 generating sets by the year 2016 compared with 8,000 units now.

Jakson Power has now started manufacturing generating sets at its Kalsar plant apart from its units at Daman and Jammu. The Kalsar plant will focus on special application generating sets like those mean for defence-related purposes. The company currently manufactures acoustic enclosures at the facility for Cummins India Ltd, besides using them for its captive consumption. The plants at Kalsar and Daman would be manufacturing generating sets up to 250KVA capacity and higher capacity would be produced at Jammu plants.

According to Sameer Gupta, Managing Director, Jakson Power Solutions, “The generating set market in India would continue to grow at 10-12 per cent and as a leader in this segment, Jakson has proactively made investments in doubling up the manufacturing capacity. Jakson that has an over 30-year business relationship with Cummins remains committed to providing technologically efficient, non-polluting generators to the consumer.”

Jakson also intends to invest around 400 crore in the coming two years. According to company officials, Jakson is geared up for the roll out of CPCB2 emission compliant products. CPCB 2 norms are expected to be enforced early next year.

Going forward with its overall business strategy, the company has also recently invested in clean energy having commissioned its own 20-mw solar power plant in Rajasthan with an investment of 200 crore. Over the next 3-4 years, the solar power portfolio is likely to grow to 100 mw.