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JBM to invest in Solar sector

24 Apr 2015

JBM Group, an auto component manufacturer and engineering service provider, has announced plans to diversify into the solar energy sector.

The India-based company is expected to invest Rs 1,000 crore in the next three years to set up 300MW of solar power plants.

The group has businesses in automotive and engineering, with four engineering and design centres across the world. The company currently has an order to execute a 20 MW plant in Haryana.

IBM will focus its’ projects on both ground-mounted and solar rooftop projects.