You are here: Home » Companies » News
Business Standard

SmartTrak to treble production capacity

K Rajani Kanth  |  Chennai/ Hyderabad 

SmartTrak Solar Systems, a Hyderabad-based startup that manufactures solar tracking systems and solar weather stations, is looking at expanding the production capacity at its Hyderabad plant from the current 300 Mw to 1,000 Mw a year, according to director Bhagawan Reddy.

“The success of such technologies depends on government policies. We are closely observing the policies, and once they are clear and our order book swells, we will go in for the expansion in the next six months,” he told Business Standard.

SmartTrak, which so far had invested Rs 2 crore in its manufacturing facility, is planning to further infuse Rs 4 crore for the expansion. It is talking to private equity and venture capitalists to raise funds for the same, he said.

The company’s solar tracking systems comprise an in-built algorithm, which calculate and follow the course of the sun in advance, and move and arrange the solar panels accordingly.

The company has already implemented a 3-KWp (kilowatt-peak) dual-axis tracking system at Hyderabad-based Signion Systems, and two 6.5-KWp dual axis system at a solar power plant near Anantapur in AP.

Stating that the company had an order book of 20 dual-axis tracking systems valued at Rs 1.5 crore, and was expecting Rs 12 crore worth of orders during this year, Reddy said they were targeting to garner revenues of Rs 15 crore by March 2013, as against Rs 12 crore last year.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, September 29 2012. 00:17 IST