Schedule a Call Back
Luminous Power Tech plans new plant in eastern India

In a media interview, Bajaj said the proposed investments would boost Luminous Power Technologies’ battery capacity by more than 50 per cent in the next few years.
She said the company recently opened a manufacturing unit in Haridwar, Uttarakhand, and plans to set up a new manufacturing plant in the eastern part of the country. “We are still contemplating on the exact location,” she added.
Bajaj, who joined Luminous Power Technologies as CEO and MD in July this year, said capacity expansion and technological innovation would be priorities for the company in the coming years.
“Today we are focused on home consumers with power backup solutions. We believe that there is an opportunity to bring to the consumer trusted advisory, brand assurance, good quality service and good quality products for solar as well. That is certainly a lever of growth that we are focused on,” she said.
Bajaj expressed confidence in the growth potential of the Indian power backup market. “India’s potential for rooftop solar is estimated at 200 gigawatts. A lot of that is in the commercial and industrial segment, but home is also significant. That seems to be an opportunity area because Luminous is focused on home consumers,” she said.


Subscribe Now
Subscribe to our Newsletter & Stay updated
RECENT POSTS
Popular Tags
Folliow us
Related Stories
ArcelorMittal Deploys Liebherr Crane for Gijón Green Steel Plant
ArcelorMittal is using Liebherr’s 1188 EC-H Fibre tower crane as part of its decarbonisation project at the Gijón steelworks in Spain. This ma...
ElitePro Infra Named 'Titan of Trump' for Rs 180 Crore Sales Feat
ElitePro Infra, a leading real estate advisory firm in India’s luxury segment, has been conferred the prestigious “Titan of Trump” title fo...
New Pilot Brings PCM Cooling Tech to Nigeria’s Cold Chain Sector
A new pilot project under the IFC TechEmerge Sustainable Cooling Innovation programme is introducing Phase Change Material (PCM) technology to en...