Eastman Auto & Power Ltd Eyes Rs 10,000 Crore Turnover by 2025

Solar rooftop solutions provider Eastman Auto & Power Ltd aims for a Rs 10,000 crore turnover by 2025-26 through capacity expansion and strategic investments. The company has recently appointed new senior management to drive this growth trajectory.

Eastman Auto & Power Ltd, a prominent solar rooftop solutions provider, has announced its ambitious plan to achieve a turnover of Rs 10,000 crore by 2025-26, significantly up from its Rs 3,600 crore turnover in 2023-24. This target is fueled by substantial capacity expansion on the renewable energy side.

Shekhar Singal, Managing Director of Eastman Auto & Power, emphasized the company's dedication to sustainable and profitable growth. The strategic goal involves investments in the solar rooftop solutions sector alongside their primary Last Mile E-Mobility Solutions business. The expansion will focus on new power electronics manufacturing facilities for solar inverters, technology partnerships, and advanced chemistries for energy storage.

To support this ambitious objective, the company has made significant top-level appointments. Ashok Jain has been appointed as the Chief Finance Officer (CFO), Mantosh Kumar as Vice President (Finance), Ritesh Srivastava as Vice President (Supply Chain Management), Bhupinder Singh as Vice President (Exports), and Sudham Ravinutala as Chief Marketing Officer.

(With inputs from agencies.)