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Moser Baer to raise Rs 400 cr debt for expanding solar power

Moser Baer to raise Rs 400 cr debt for expanding solar power

Global technology company Moser Baer plans to raise Rs 300-400 crore of debt in the next two to three months to fund expansion, primarily to increase the crystalline silicon capacity of its photo voltaic (PV) business by 100 Mw from the current 140 Mw.

Moser“Our immediate plan or phase one of the expansion is about our crystalline silicon capacity. In PV, for the second consecutive quarter, we have been able to achieve strong shipment and corresponding revenue. We are now actively implementing our expansion plans of the crystalline silicon facility,” Yogesh Mathur, Group Chief Financial Officer, told Business Standard.

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