March 13, 2010

Vikram Solar to invest INR 500 crore in West Bengal

KOLKATA: Vikram Solar Pvt Ltd a part of the Vikram group of industries would invest INR 500 crore to manufacture wafer and photovoltaic cell at its plant in Falta SEZ in West Bengal.Mr HK Chaudhury chairman of Vikram group said that to start with, the company had already invested INR 100 crore to produce PV modules with a generation capacity of 25 MW. He added that "The capacity will be expanded to 50 MW by the middle of the next financial year.”He said that Vikram Solar GmBH in Germany had been supplying 1 MW of solar power to the grid in that country. The company is also in talks for setting up solar power projects in countries like Italy, Bulgaria and France. Currently, the plant employs around 100 persons and the number would go up to 800 once the expansion process is complete.(Sourced from PTI)

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