JAKSON Group, a leading Indian energy infrastructure company, announced the expansion of its solar portfolio with a new MNRE-compliant solar kit, projecting ₹9,000 crore ($1.1 billion) in revenue by fiscal year 2026. The move comes as India accelerates its renewable energy transition to meet 500 GW of non-fossil fuel capacity by 2030.
The Ministry of New and Renewable Energy (MNRE)-approved solar kit includes modular components for residential and commercial installations, designed to simplify adoption. “This launch positions JAKSON as a key player in distributed solar solutions,” said an industry analyst familiar with the rollout, speaking on condition of anonymity.
Company sources indicate the ₹9,000 crore projection assumes 40% year-over-year growth in their solar division, building on existing contracts with state utilities. The timeline coincides with India’s updated Nationally Determined Contributions (NDCs) under the Paris Agreement.
Market observers note the announcement follows the government’s ₹19,500 crore Production Linked Incentive (PLI) scheme for solar module manufacturing. However, supply chain challenges for polysilicon and the looming Basic Customs Duty on imported cells could impact margins. “The revenue target is ambitious but plausible if domestic manufacturing scales as planned,” commented a renewable energy consultant cited in BloombergQuint’s sector report.
Should JAKSON meet its targets, the company could capture ~3% of India’s projected 280 GW solar capacity by 2026. The expansion highlights growing private sector alignment with India’s net-zero roadmap, though execution risks remain amid evolving policy frameworks.