Moser Baer up 1.45% on supply deal

MUMBAI: Moser Baer India shares were on Monday up 1.45 per cent with its subsidiary PV Technologies India signing an understanding with a global supplier for critical equipment for a 565 MW expansion of its thin film photovoltaic modules manufacturing capacity. Added to the current capacity of 40 MW, it will take Moser Baer?s total manufacturing capacity to over 600 MW by 2010.

Thin film solar modules are ideal for energy farms, rural applications and building integrated photovoltaic markets.

According to market estimates, the thin film based solar modules will see large emerging applications and a robust demand that, according to industry estimates, is expected to grow ten fold; from 250 MW currently to 2GW with a market size of $5 billion by 2010.

"Leaders in the PV industry will continue to emerge on the strengths of rapid scale up and technology differentiation. We see an increasingly significant role for Thin Film technologies in meeting peaking power requirements and now aim to be a significant player in this arena," said Ravi Khanna, CEO of PV Technologies.

At 10:20 am, Moser Baer shares were up 1.45 per cent at Rs 191.90 on BSE, even as the market languished in the red after the Reliance Power listing. On Friday, the Moser Baer stock had closed down 5.05 per cent at Rs 189.15.