Indosolar secured full capacity utilization for FY 2014-15
Greater Noida, 31st July 2014
Indosolar announces the successful closure of an additional
contract valued at approx USD 35 million, ensuring full capacity utilization of
Indosolar will now focus on setting up its third line of 250 MW, making
Indosolar the largest PV cell manufacturer in India.
Indosolar inks single largest solar cell supply contract of
60 MW with Azure Power
13th June 2014
Indosolar Limited inks the single largest solar cell supply
contract of 60 MW under Domestic Content Requirement (DCR) of National Solar
Mission signed today with Azure Power India Pvt. Ltd, at New Delhi.
Mr. B. K. Gupta, Chairman of Indosolar Limited concluded the
definitive agreement with Mr. Inderpreet Wadhwa, CEO, Azure Power India Pvt. Ltd
at a small and closely held ceremony.
Supplies will commence shortly and will be completed early
Q1, 2015, keeping in mind the timeline of the National Solar Mission.
“This first mega deal to supply high
efficiency cells of 17.4% average efficiency made at our state-of-art facility,
is the start of the revival of large scale domestic manufacturing in India and
we express our gratitude to Ministry of New and Renewable Energy (MNRE)-Solar
Energy Corporation of India (SECI) and Government of India for providing an
enabling environment to promote Indian manufacturing in this strategic field of
clean energy.” – Gupta said
Indosolar will immediately start-up 200 MW lines already operated and complete
installation of its third super production line of 250 MW to be commissioned by
the end of this year.