By diversifying our focus, we aim to capture a broader market share and foster sustainable practices across various industries. As we expand our capabilities in supplying solar cell manufacturing, we are also exploring export opportunities for our innovative products, says Khushboo Doshi, MD, Rajoo Engineers Ltd.

Rajoo Engineers based in Rajkot, Gujarat, has been a trusted name in plastic extrusion machinery since its inception in 1986. Over the years, we have built a strong reputation as leaders in blown film lines, sheet lines, thermoformers, extrusion coating and lines across the world. Our cutting-edge manufacturing facility, spread over 125000 square meters, is a testament to our commitment to quality, innovation and timely deliveries. It houses advanced design offices, state-of-the-art tool rooms, die shops, and modern assembly areas, all supported by a dedicated team of over 550 professionals, including more than 40 highly qualified engineers.

At Rajoo, we offer a wide range of machinery and solutions tailored to meet the needs of various industries such as renewable energy, packaging, construction, agriculture, automobile and healthcare. 

Rajoo Engineers is an established reliable brand in global markets, with exports contributing to over 45% of total sales—a testament to global acceptance. Our machinery is installed in more than 70 countries, catering to a broad and satisfied customer base worldwide. Notably, CE-compliant machines have been delivered to Germany, UK, USA, marking a significant breakthrough in developed markets. Our reach extends across Latin America, including Colombia, Ecuador, and Mexico, as well as East and West Africa, with installations in Kenya, Tanzania, Sudan, Ghana, and Nigeria. In South Africa, we serve countries like the Republic of South Africa, Angola, Lesotho, Namibia, and Zambia, and we also have a presence in the Gulf region, including Iran, Kuwait, Saudi Arabia and the UAE. Closer to home, Rajoo’s footprint spans Bangladesh, Japan, Malaysia, Nepal, Pakistan, Russia, Sri Lanka, Thailand, and Vietnam.

Our growing presence in developed markets like Germany, Spain, and the UK reflects our global acceptance, even in regions with stringent quality standards. With 60% of our business coming from repeat orders, customer satisfaction is clearly evident.

As a technology-driven company, Rajoo has built a reputation for product innovation, world-class quality, energy efficiency, and advanced automation, enabling us to compete on a global stage with established industry leaders. Since our international debut in 1990 with an export to Tanzania, our exports have multiplied, earning us the prestigious "Star Export House" recognition from the Indian government.

Recent developments include the launch of India's first 9-layer blown film line for recyclable barrier film, and strategic land acquisition for future expansion. The company has also recently introduced a technologically advanced product is the PROEX series for high performance blown film extrusion line and secured high-value export orders. With a strong focus on R&D and innovation, supported by an in-house R&D centre approved by DSIR and a committed focus on after-market customer care

Rajoo continues to develop energy-efficient and technologically advanced products to meet evolving market demands and maintain its position as a leader in the plastics extrusion machinery industry.

Rajoo Engineers has experienced remarkable growth in recent years, as evidenced by our Q1 FY25 performance. Our revenue from operations surged by 63%, reaching Rs. 508.7 million compared to Q1 FY24, reflecting strong market demand and operational efficiency. This impressive growth is further highlighted by a 122.15% increase in net profit, which more than doubled to Rs. 54.7 million. Maintaining a robust EBITDA margin of 13.99%, we continue to demonstrate consistent profitability. Our Earnings per Share (EPS) also saw significant improvement, rising from Rs. 0.40 in Q1 FY24 to Rs. 0.89 in Q1 FY25, delivering enhanced value to our shareholders. These financials underscore Rajoo Engineers' adaptability to shifting market conditions, highlighting our resilience and ability to capitalise on emerging opportunities. We remain committed to sustaining this positive trajectory and reinforcing our leadership in the industry.

Rajoo Engineers has strategically entered the renewable energy sector, building on over three decades of innovation in plastics extrusion machinery and extrusion being the forte. Our commitment to supporting India's clean energy goals, including the ambitious target of 450 GW renewable capacity by 2030, has driven this strategic shift, particularly in the solar energy space. We recognised the critical role we could play in this transformation and the significant opportunity in solar cell manufacturing. This move not only reinforces Rajoo Engineers’ commitment to innovation but also supports the government’s ‘Make-in-India’ initiative, emphasising self-reliance in the solar sector and reducing dependence on imports, particularly from China. We are proud to actively contribute to India's journey toward sustainable development and energy security, further cementing our position as a leader in the industry, and more specifically in plastic extrusion with sheet extrusion technology

Leveraging our expertise in extrusion technology, we have introduced LAMINA-E, India's first mono & multi-layer EVA/POE sheet extrusion line for producing encapsulant sheets used in solar cells, Rajoo is set to transform the solar panel manufacturing industry. With output ranges from 300 to 900 kg/hr and the flexibility to produce sheets of varying widths and thicknesses, LAMINA-E enhances the efficiency and quality of solar panels. Rajoo Engineers is actively leveraging government initiatives, particularly the Production-Linked Incentive (PLI) scheme, to enhance the solar manufacturing capabilities for processors. While we do not directly manufacture solar cells or modules, our products are critical components in the solar panel manufacturing process. We are aligning our production capabilities to meet the increased demand expected from the PLI scheme and exploring partnerships with PLI beneficiaries. 

Furthermore, our expansion into solar manufacturing is contributing to job creation and growth in the renewable energy sector. We are creating new jobs within our organisation, particularly in areas such as solar technology, materials science, and renewable energy systems. As we scale up our operations, we are also investing in training and skill development programs to ensure continuous upskilling in the renewable energy sector. By providing cutting-edge technology to sheet manufactures catering to the solar panel manufacturers, we are indirectly supporting job creation in the broader solar industry, contributing to the growth of India's solar manufacturing capabilities.

Our mono and multilayer EVA/POE sheet line for producing encapsulant sheets, LAMINA-e, offers numerous key advantages for solar cell producers.

The advanced features of LAMINA-E ensure precise and consistent material input, crucial for producing high-quality EVA/POE encapsulant sheets. This accuracy minimises material waste and ensures uniformity, resulting in more reliable solar cells.

LAMINA-E’s energy-efficient extruders further enhance its value. They reduce energy consumption during the manufacturing process, aligning with the renewable energy sector’s focus on sustainability. Additionally, it provides versatility, allowing manufacturers to experiment with different materials and develop innovative encapsulant formulations.

First being high-output, which is possible due to our high-performance technology that ensures low melt temperature. This is crucial for the quality of encapsulant sheets. Coupled with our ability to process resins with different VA content and melt flow index using the same screw design, provides flexibility and efficiency to manufacturers.

Secondly, our system operates at high line speed with low winder tension, keeping shrinkage under control. This eliminates the need for post-annealing systems, streamlining the production process.

All these features offer cost efficiency by saving on interlayer film and enabling low energy consumption. These factors contribute to a more profitable production. It is also worth noting that the demand for our products is primarily driven by India's ambitious renewable energy goals, particularly in solar power. With India aiming to reach 450GW of renewable energy capacity by 2030, of which 280GW is expected from solar, there is a substantial market for high quality, cost-effective solar panel components. Our “Made in India” solution aligns perfectly with this growing demand and the national push for self-reliance in the renewable energy sector.

As a supplier to the solar panel manufacturing sector, we navigate challenges with resilience, while embracing the immense opportunities to power a sustainable future. One of our main challenges is keeping pace with the rapidly evolving technology in the solar industry with exotic polymers. We invest significantly in R&D to ensure our products meet the latest industry standards and efficiency requirements.

While imports do pose competition, they are not a major cause of concern. Our focus on innovation, quality, and cost-effectiveness, coupled with the advantages of being a local manufacturer with a global outlook, positions us well in the market. This glocal approach, along with the Indian government's emphasis on 'Make in India' and the push for domestic manufacturing in the renewable energy sector, further amplifies our competitive  

In essence, while we face challenges, we see them as opportunities to innovate and grow, contributing to India's solar energy ambitions and sustainable future.

The solar sector in India presents significant growth opportunities. With the Government's ambitious targets, local manufacturing initiatives, technological advancements, and supportive infrastructure development, the country aims to achieve a renewable energy (RE) target of 450 GW by 2030. Thereby, the solar industry is expected to contribute around 280 GW.  

It’s notable that India is on track to reach 450 GW of installed renewable energy capacity by 2030, with solar power accounting for more than 60% of this target. This ambitious plan creates a robust demand for solar technologies and components. By implementing several measures to boost domestic manufacturing of solar modules and cells, the Government of India has initiated a Production-Linked Incentive (PLI) scheme, aimed at reducing import dependence on countries like China, thereby fostering local production capabilities. 

With the Government’s high power initiatives, it will attract investments amounting to approximately USD 221 billion by 2030 in the renewable energy sector. This includes substantial funding directed towards solar power projects and manufacturing. The approval of numerous solar parks across India, with an aggregate capacity of over 37 GW, indicates a structured approach to expanding solar infrastructure. This development is crucial for meeting the projected capacity additions required over the next decade.

The Indian government continues to create a favorable policy environment that encourages private sector participation in renewable energy projects. This includes streamlined bidding processes and regulatory support aimed at enhancing investment confidence in the sector.

By making use of the opportunities present in the solar sector, we are intensifying our R&D efforts to innovate and improve solar cell manufacturing technologies. Our recent launch of LAMINA-E, India’s first mono and multi-layer EVA/POE sheet line for producing encapsulant sheets for solar cells, is a testimony to our commitment to advancing technology in this sector. This product is designed to enhance the efficiency and quality of solar panels, addressing a critical need in the industry.

Furthermore, our new manufacturing lines are equipped with energy-efficient extruders and automated feeding and thickness control systems, which optimise production processes and reduce operational costs, further enhancing competitiveness in the global market.

Overall, we believe India is poised to create a favorable landscape for investment and innovation within the solar industry. And we are all geared up to take up every opportunity that comes our way. 

 At Rajoo Engineers, we are actively pursuing numerous strategies to tap into the growing segment of solar energy, aligning with India's ambitious renewable energy goals. We have recently installed and commissioned a 304.64 KW (DC) solar power plant in Hadamtala, Gujarat, as part of our commitment to increasing our renewable energy footprint. 

Our growth strategy involves targeting key sectors such as infrastructure, agriculture, electronics, and renewable energy. By diversifying our focus, we aim to capture a broader market share and foster sustainable practices across various industries.

As we expand our capabilities in supplying solar cell manufacturing, we are also exploring export opportunities for our innovative products. By leveraging our advanced manufacturing technologies and aligning with global standards, we aim to position ourselves as a competitive player in international markets.

Our initiatives reflect an unwavering dedication to sustainability. We are focused on reducing our carbon footprint while promoting diversity and inclusion within our workforce. By optimising energy consumption through natural light in our facilities and enhancing our renewable energy initiatives, we aim to drive positive change within the industry.

Through these comprehensive strategies—focusing on capacity expansion, R&D, targeted sector engagement, export readiness, and sustainability—Rajoo Engineers is well-positioned to capitalise on the burgeoning solar energy market in India.