Eastman Auto & Power Ltd, a leading provider of solar rooftop solutions, announced its ambitious goal to reach a turnover of Rs 10,000 crore by the fiscal year 2025-26. This target will be supported by significant expansions in their renewable energy capacity.
The company reported a turnover of approximately Rs 3,600 crore for the fiscal year 2023-24. To achieve this substantial growth, Eastman Auto & Power will focus on expanding its solar rooftop business and enhancing its Last Mile E-Mobility Solutions division.
Shekhar Singal, Managing Director of Eastman Auto & Power, outlined that the company will invest in new power electronics manufacturing facilities for solar inverters, forge technology partnerships, and explore advanced energy storage solutions.
As part of its strategic plan, the company has also announced several key appointments. Ashok Jain has been named Chief Finance Officer, Mantosh Kumar has been appointed Vice President of Finance, Ritesh Srivastava will serve as Vice President of Supply Chain Management, Bhupinder Singh will take on the role of Vice President of Exports, and Sudham Ravinutala has been appointed Chief Marketing Officer.
Eastman Auto & Power Ltd is a leading provider of solar rooftop solutions in India, known for its commitment to sustainable energy and technological innovation. With a robust portfolio in the renewable energy sector, the company aims to achieve a turnover of Rs 10,000 crore by the fiscal year 2025-26, driven by its expansion in solar energy and electric mobility solutions.
Eastman Auto & Power, which reported a turnover of approximately Rs 3,600 crore in the previous fiscal year, plans to bolster its growth through strategic investments in new power electronics manufacturing facilities, technology partnerships, and advancements in energy storage. The company’s leadership recently made significant appointments to drive this ambitious goal, reinforcing its position as a key player in the renewable energy landscape.
