Mumbai, Oct 23 – Riding high on the growing demand for remote monitoring of solar plants, operation and maintenance service provider Gensol is eyeing at least 10 per cent share in the supervisory control and data acquisition (SCADA) services market in this sector by 2018-end.
“Currently, we are present in the design, engineering, operation and maintenance sides of solar plants. But now we want to move a step ahead by providing our own developed SCADA system making us the complete services provider in the O&M segment,” company’s Director Anmol Jaggi told PTI here.
SCADA is a control system architecture that uses computers, networked data communications and graphical user interfaces for high-level process supervisory management.
Jaggi said the company has provided its design and engineering services to both domestic and international firms for around 6500 MW of projects.
Gensol with its Spanish JV partner, Solarig, offers dedicated solar operation and maintenance services for almost 776 MW of projects.
“Currently, we are providing our SCADA system to two clients whom we are providing our O&M services as well. We want to expand our reach in the SCADA business by reaching out to our clients and asking them to use our in-house built system. Since we are maintaining their plants, we hope they will also use our system,” he said.
Jaggi further said that given the growing confidence in our services and the nearly 7,000-8,000 MW being added every year, the company is sure it will be able to have a 10 per cent share or provide our SCADA systems for at least 2,000 MW of projects by 2018-end.
“Our Spanish JV partner is also planning to pick up a significant stake in the SCADA business. We think we will attain this target much before the timeline,” Jaggi added.
When asked about its revenue expectation, he said the company is likely to touch Rs 100 crore this fiscal and expects 30-40 per cent rise in fiscal 2019.
“Our design and manufacturing business contributes nearly 70 per cent of the total revenues while the O&M is around 30 per cent. SCADA is very miniscule today, but we are confident that this business will also grow and contribute nearly 10-15 per cent of the revenues by next year,” he added.
Source: PTI
