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BHEL – BEL consortium tie up to invest `2,000cr in AP
BHEL and Bharat Electronics Ltd. (BEL) firmed up to invest `2,000cr for setting up a solar
photovoltaic (PV) modules production unit near Hyderabad, Andhra Pradesh. Both the
companies had signed an MoU two years back to have a JV for solar PV business, setting
up a manufacturing facility for silicon wafer, solar cells and modules. The project entails a
250MW solar PV production facility for processing silicon wafers, solar cells and PV
modules in the new plant. The proposed JVC, besides export, will cater to Indian solar
products requirements. We remain Neutral on the stock.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
BHEL – BEL consortium tie up to invest `2,000cr in AP
BHEL and Bharat Electronics Ltd. (BEL) firmed up to invest `2,000cr for setting up a solar
photovoltaic (PV) modules production unit near Hyderabad, Andhra Pradesh. Both the
companies had signed an MoU two years back to have a JV for solar PV business, setting
up a manufacturing facility for silicon wafer, solar cells and modules. The project entails a
250MW solar PV production facility for processing silicon wafers, solar cells and PV
modules in the new plant. The proposed JVC, besides export, will cater to Indian solar
products requirements. We remain Neutral on the stock.
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