Moser Baer Photo Voltaic (MBPV), a subsidiary of optical storage device maker, Moser Baer
The company is looking to move 'cautiously ahead' for its additional capacity expansion plans 'at least in the short term' to counter any supply and demand mismatch, but its long-term optimism in the solar power business remains intact.
The New Delhi-based company had outlined plans to invest up to $1.5 billion in the Chennai plant over the next three years to ramp up capacity to make solar photovoltaic cells and modules to generate electricity of 1 gigawatt (1,000 mw) by the end of the calendar year 2010.
However, liquidity crunch in the European markets, which is the hub for solar power energy consumption, and huge oversupply of solar modules and cells leading to more-than-expected inventory, the company has decided to reassess and re-evaluate the ramping up strategy.
The company was planning to develop the plant in three phases with investment of $500 million in each phase. However, several private equity investors and even banks are now unwilling to invest in the solar panel, cells manufacturing and thin film capacity due to its longer period of gestation which requires early equipment ordering.
crackcrack| Company Name | CMP |
|---|---|
| LG Electronics India | 1578.40 |
| Dixon Technologies | 11374.00 |
| IFB Industries | 1116.00 |
| Honeywell Automation | 32808.35 |
| Elin Electronics | 119.75 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: