ITI is planning around Rs 150 crore investment to scale up its solar panel manufacturing capacity to 90 MW in the next fiscal. The company, which plans to raise Rs 1,600 crore through a follow-on public offer (FPO), has a solar panel capacity of 18 MW currently.
The company is expecting at least Rs 500 crore from the government in the next fiscal for meeting its various capital expenditure (capex) requirements. The company has a solar panel manufacturing facility at Naini in Uttar Pradesh.
ITI offers products and services in the telecom sector. The company has a range of telecom products and total solutions covering the whole spectrum of switching, transmission, access and subscriber premises equipment.
