Comments
Vikram Solar Pvt Ltd, one of the top solar panel manufacturers, is expanding its manufacturing capacity to produce panels (from the present 500 MW to 1 GW) and is also getting into production of cells.
Gyanesh Chaudhary, MD and CEO of the Kolkata-based company, said an investment of Rs 500 crore has been envisaged for these projects. The projects would be implemented at its plant at Falta, near here, in two phases in the next three years.
“We would fund it through internal accruals and borrowings,” he said.
The company, which mainly depends on exports, recorded revenue of Rs 620 crore in 2014-15. It hopes to post a revenue growth of 40 per cent in this financial year. So far this year it has installed 70 MW solar panels, including rooftop modules at the Kolkata and Kozhikode airports.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.