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News Brief | August 2013

JPS to invest Rs.750 cr on solar energy solution

Jakson Power Solutions plans to invest around Rs 750 crore for providing solar energy solutions across India in the next 3-4years. The firm targets to double its revenue to Rs 2,500 crore by March 2016. It has so far invested Rs 200 crore on its 20 MW solar power plant set up near Jodhpur, Rajasthan. The Rs 750-crore investment would be for expansion of this capacity, with the debt-equity ratio being 70:30. Jakson Power has tied up with Standard Chartered Bank, Singapore, for getting funds through the external commercial borrowing (ECB) route. Out of the proposed float, it has got about Rs 70 crore through this route for its next 10 MW project in Uttar Pradesh. Jakson has four four manufacturing plants at Jammu, Daman, Kalsar (Gujarat) and Greater Noida. These plants manufacture silent diesel and gas-based power generation sets, and power distribution products.
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