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“We Have To Continuously Enhance Our Quality And Adopt Latest Technologies So We Are Not Focusing On EPC Or Tenders Business”

In Conversation with Mr. Vikas Jain, Director, Insolation Energy P. Ltd.

Could you give our readers a brief introduction of your company?

Insolation Energy is being Promoted by Vikas Jain & Manish Gupta both are Engineers from Education Background and company was incorporated in 2016.

We began our commercial production from the year 2017 April with a Fully automatic line of capacity 80 MW. It is one of the most advanced plant installed in North India having a manufacturing base in Jaipur on NH8.

What are the services provided by your company? What makes you stand apart from other players in the market?

We are purely into Panels Manufacturing keeping our complete focus on manufacturing only. WE believe still there is a lot of R&D going on in this field and we have to continuously enhance our quality and adopt the latest technologies so we are not focusing on EPC or tenders business.

What according to you has been the biggest milestone on your path?

The decision to invest in good equipment and selection of the right team has been biggest milestone without which we would not be able to reach this position. At the start of the plant, we got an order for 2.3 MW plant in Ujjain where we could prove our quality and this was the biggest milestone in our growth.

As a module manufacturer, what trend do you expect in the race in Module Technology?

New trends are Twin Peak / Bifacial and Mono PERC. We have already started making MONO PERC modules and are In the process of quality updation for Bifacial and Twin Peak Modules.

Module Quality, Costs, and Performance are key concern areas for Indian project developers. How would you like to address these issues for your offerings in India?

There is too much pressure in India on the cost of solar Modules we strive hard to keep our prices competitive without any compromise in quality. Since the last two years, we have been able to supply good quality panels in the market and customers are gaining confidence in our quality and we have to receive repeat orders from the satisfied customers now. In the past, it has been observed that some Chinese companies failed to provide warranty claims and replacement to Indian EPC companies. Since we are a local company we can address their concerns better.

What are your plans for the current and next financial year?

India has been our biggest market as of now but we trying very hard to reach markets of Middle East Africa and Latin America. We hope to get some good orders from these countries in the near future.

Currently, our capacity is 80 MW per Annum we are going to make the size double in this fiscal along with modules we are also planning for a cell line and a Lithium batter line. This year we plan to do a business of 100 cr. We have target of at least 25% growth YoY.

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