Moser Baer to develop solar project in Maharashtra

MUMBAI: Moser Baer India on Thursday said it has bagged a project to develop one mega watt solar project from Maharashtra government in Chandrapur.

The company has been awarded the contract by Mahagenco, a government of Maharashtra power generation company, Moser Baer India said in a filing to the Bombay Stock Exchange.

"This project will herald the widespread deployment of such solar farms in the country," Moser Baer India Executive Director Ratul Puri said.

The company would be commissioning the project in consortium with Germany-based SunEnergy GMBH.

The work for the project would be completed before January 2010, the filing added.

Shares of Moser Baer India were trading at Rs 90.20 on BSE, up 2.38 per cent from the previous close.