Jakson Engineers to invest over INR 8,000 crore in 6 GW solar wafer-to-module factory in Madhya Pradesh

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Jakson Engineers Ltd, part of the leading energy and infrastructure solutions conglomerate Jakson Group, is set to invest over INR 8,000 crore to establish a 6 GW integrated solar module, cell and wafer manufacturing plant at Maksi Phase II in Madhya Pradesh.

The mega project will be developed in two phases across a 110-acre site allocated to the company recently. Site activities are set to commence within 15 days. In Phase, Jakson will commission manufacturing capacity of 3 GW of solar modules and 3 GW of solar cells with an investment of around INR 2,000 crore. Phase II will include establishment of 6 GW solar wafers plant along with additional 3 GW module and cell capacities each, at an investment of over INR 6,000 crore.

The first solar modules from the plant are expected to roll out by May 2026 followed by cells in September 2026.

“This is a momentous occasion for our company and a major leap forward for India’s renewable energy sector,” said Sundeep Gupta, vice chairman of Jakson Group. “Our investment in Maksi is testament to our unwavering commitment to ‘Make in India’ and directly supports the nation’s ambitious clean energy targets. We are confident that with the support of the Madhya Pradesh government, this plant will become a beacon of technological excellence and a catalyst for creating green jobs.”

Gagan Chanana, joint managing director & CEO of Jakson Solar Modules and Cells, added, “The global demand for solar energy is soaring. Our fully integrated facility and unique ‘four-in-one’ business model as a manufacturer, developer, EPC, and O&M provider, aims to contribute to meeting India’s energy needs and help position the country as a global solar leader. This allows us to ensure quality, cut costs, and rapidly deploy new technology, boosting our energy security and self-reliance.”

Madhya Pradesh was selected for this landmark project due to its strategic central location, robust infrastructure, investor-friendly ecosystem, and progressive renewable energy policies. The plant will create a positive socio-economic impact in the region by generating over 1,000 jobs during the construction phase and employing around 1,400 people once operational.

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