Moser Baer announces 880 mn USD tie-up with REC
Moser Baer Photo Voltaic Ltd, a subsidiary of Moser Baer India Ltd, has entered into $800 million contract with Norway’s REC Group for sale and delivery of high quality multicrystalline silicon wafers.
By INDIATIMES NEWS NETWORK |
MUMBAI: Moser Baer Photo Voltaic Ltd, a subsidiary of Moser Baer India Ltd, has entered into $800 million contract with Norway’s REC Group for sale and delivery of high quality multicrystalline silicon wafers over an 8-year period starting 2008.
The contract follows Moser Baer Photo Voltaic's strategic sourcing initiative with Deutsche Solar and its acquisition of 40 per cent stake in Slovenia-based Solarvalue Proizvodnja which plans to set up a capacity of 4,400 tonne of solar grade silicon by end 2008.
The three pronged strategy is part of Moser Baer Photo Voltaic's objective to access a regular supply of high quality solar grade silicon at competitive pricing.
At 10:52 am, Moser Baer shares were at Rs 319.20 on the BSE, up 4.66 per cent over Thursday.
The contract follows Moser Baer Photo Voltaic's strategic sourcing initiative with Deutsche Solar and its acquisition of 40 per cent stake in Slovenia-based Solarvalue Proizvodnja which plans to set up a capacity of 4,400 tonne of solar grade silicon by end 2008.
The three pronged strategy is part of Moser Baer Photo Voltaic's objective to access a regular supply of high quality solar grade silicon at competitive pricing.
At 10:52 am, Moser Baer shares were at Rs 319.20 on the BSE, up 4.66 per cent over Thursday.
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