Jakson Engineers to invest Rs 8,000 crore in MP's largest solar manufacturing plant

Jakson Engineers plans to invest over Rs 8,000 crore in a 6 GW integrated solar manufacturing plant in Madhya Pradesh. The project, which is the largest solar manufacturing investment in the state, will be developed in two phases across a 110-acre site. The first phase will have a manufacturing capacity of 3 GW of solar modules and 3 GW of solar cells, while the second phase will include a 6 GW solar wafer plant and additional 3 GW modules and cells each. The project is expected to create over 1,000 jobs during the construction phase and employ around 1,400 people once operational.

Jakson Engineers, a subsidiary of the Jakson Group, has announced a significant investment of over Rs 8,000 crore (approximately $914 million) to build a 6 gigawatt (GW) integrated solar manufacturing plant in Madhya Pradesh, India. This project, set to be the largest solar manufacturing investment in the state, will be developed in two phases across a 110-acre site. The first phase will have a manufacturing capacity of 3 GW of solar modules and 3 GW of solar cells, while the second phase will include a 6 GW solar wafer plant and additional 3 GW modules and cells each [1].

The investment is part of the Jakson Group's strategy to capitalize on India's growing demand for renewable energy. The Indian government aims to add at least 500 GW of clean energy by 2030, creating a substantial market opportunity for solar manufacturers. Jakson Solar, another unit of the group, has already committed to adding 1 GW of renewable capacity per annum for the next five years [1].

The project is expected to create over 1,000 jobs during the construction phase and employ around 1,400 people once operational. Gagan Chanana, managing director and chief executive at Jakson Solar, stated that this investment will allow the company to ensure quality, cut costs, and rapidly deploy new technology [1].

Corning Inc. (GLW), a major player in the solar supply chain, has also been making strategic moves in the renewable energy sector. The company recently secured a deal with T1 Energy Inc. to supply its hyper-pure polysilicon and solar wafers, positioning Corning as a cornerstone supplier to the U.S. solar supply chain [2]. This partnership is part of Corning's broader expansion into key sectors like renewables, driven by strong demand and investor sentiment.

The investment by Jakson Engineers and the strategic partnership between Corning and T1 Energy reflect the increasing importance of the solar industry in the global energy landscape. As demand for renewable energy continues to grow, these investments are likely to have a positive impact on both companies and the broader market.

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3UI0IK:0-india-s-jakson-engineers-to-invest-over-914-million-in-solar-manufacturing-plant/
[2] https://simplywall.st/stocks/us/tech/nyse-glw/corning/news/corning-glw-evaluating-valuation-after-securing-major-us-sol