Sujana energy claims to be a unified renewable energy and energy efficient solutions provider.Sujana Energy provides Eco friendly turnkey (EPC) lighting solutions using the most advanced technological innovations in the areas of renewable power generation LED Lighting and Solar Power based LED Lighting.
..Under this collaboration, Sujana will invest $5 million dollars to manufacture LED (light-emitting diode) lighting products for homes, offices and streets at its facility in Madhapur here. Nichia will provide LEDs while Sujana will design the products.
..Sujana plans to introduce soon in the market maximum energy-saving street lights, indoor lighting products like LED bulbs and solar LED lantern.
..The sales are expected to start in September this year and the company is aiming sales worth Rs.20 to 25 crore in this fiscal. ‘We are targeting top-line growth of Rs.500 crore in the first three years of operations,’ said C. Hari Kiran, managing director,’ Sujana Energy. The bottom-line growth is expected to be 20 to 30 percent.
The JNNSM in its policy document mentions the intention to implement at least 60 solar powered cities providing manufacturers an opportunity to venture into this space.
As Panchabuta has reported recently (here and here), a number of new players are entering the Solar Lantern and Solar LED Lantern space to tap the potential of offgrid solar opportunities in rural India under the JNNSM.