Goldstone Infratech enters solar energy sector
Goldstone Infratech will enter the renewal energy space by setting up 5 MW solar power plant and production facility to manufacture photo voltaic modules for solar power generation.
By INDIATIMES NEWS NETWORK |
MUMBAI: Goldstone Infratech will enter the renewal energy space by setting up 5 MW solar power plant and production facility to manufacture photo voltaic modules for solar power generation.
The manufacturing facility, having a capacity of 40 MW per annum, will be located in Hyderabad, said LP Sashikumar, managing director of Goldstone Infratech.
Goldstone Infratech manufactures composite insulators. The company���s net sales grew 159.26 per cent to Rs 28 crore for the second quarter against Rs 10.8 crore in the same period of earlier year. Net profit grew 30.7.92 per cent to Rs 4.12 crore from Rs 1.01 crore a year ago.
The manufacturing facility, having a capacity of 40 MW per annum, will be located in Hyderabad, said LP Sashikumar, managing director of Goldstone Infratech.
Goldstone Infratech manufactures composite insulators. The company���s net sales grew 159.26 per cent to Rs 28 crore for the second quarter against Rs 10.8 crore in the same period of earlier year. Net profit grew 30.7.92 per cent to Rs 4.12 crore from Rs 1.01 crore a year ago.
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