Eastman Auto and Power to invest up to Rs 10 billion by FY27

Eastman Auto and Power has announced plans to invest between Rs 7 billion and Rs 10 billion over the next three financial years to expand its capacity. The investment will be funded through internal accruals.

The company will focus its expansion on the distributed rooftop solar segment. Eastman aims to reach a turnover of Rs 100 billion by FY26, up from Rs 36 billion in FY24.

Founded in 2006 and based in Delhi, Eastman Auto & Power Limited operates in solar energy, energy storage, and power electronics. The company recorded a revenue of USD 420 million and employs over 3,000 professionals.

Eastman currently operates in over 40 countries across Asia, Africa, the Middle East, and Europe.