Moser Baer Solar plans $500-600 mn capex; stock up

MUMBAI: Moser Baer Solar, a subsidiary of Moser Baer India, has planned a capital expenditure of $500-600 million over the next three to four years for expanding its manufacturing capacity of crystalline cells and crystalline silicon modules in India.

At 9:35 am; Shares of Moser Baer India reacted positively and were at Rs 56.15, up Rs 1.40 or 2.56 per cent on the NSE. It touched a high of Rs 56.20 and low of Rs 54.80 in early trade.

The company plans to raise the funds through a combination of debt, equity and internal accruals.

Currently, the production capacity of the company includes 90 MW of crystalline cells, 100 MW crystalline modules and 50 MW of thin films.