For domestic customers, inverter maker Su-Kam is planning to invest around Rs 300 crore to launch solar- and wind-powered inverters and storage devices, Kunwer Sachdev, Managing Director, Su-Kam said. The company is looking at acquiring a solar panel firm as well as enhance capacity of its existing plants to start manufacturing solar-powered inverters.
Su-Kam has a war chest of Rs 100 crore for acquiring firms manufacturing solar panels. Su-Kam will invest another Rs 200 crore in the solar sector over the next three years to develop and design new products. The privately-held company, which has investors such as Anil Ambani’s Reliance Group and Temasek Holdings on board, will fund the buy through internal accruals.
Sachdev said that the solar generation market is very complex and requires a lot of government intervention, and the company don’t want to get into that. Su-Kam launched its first solar-powered inverter, priced at Rs 24,000, last year and within six months, it sold 4,000 units of the same in Delhi alone.
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