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Moser Baer surges as its arm crosses Rs 100 crore PV module sales within 9 months

21 Jan 2014 Evaluate

Moser Baer India is currently trading at Rs. 3.77, up by 0.08 points or 2.17 % from its previous closing of Rs. 3.69 on the BSE.

The scrip opened at Rs. 3.79 and has touched a high and low of Rs. 3.79 and Rs. 3.60 respectively. So far 11473 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 6.64 on 21-Jan-2013 and a 52 week low of Rs. 2.34 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 4.35 and Rs. 3.55 respectively. The current market cap of the company is Rs. 69.48 crore.

The promoters holding in the company stood at 28.96 % while Institutions and Non-Institutions held NA % and 71.04 % respectively.

Moser Baer India’s subsidiary - Moser Baer Solar (MBSL), country’s largest integrated solar PV manufacturing and India’s  No 1 Solar EPC company, has crossed more than Rs 100 crore PV module sales in the highly competitive Japan market during April-December 2013. MBSL has been exporting solar PV modules to Japan for last 4 years and the volume of shipments has increased significantly in last 9 months.

The earliest installation in Japan using Moser Baer Solar PV Modules is now almost three years old, performing at consistently better levels than estimated by the owners. Moser Baer Solar Elite PV Modules are already popular with Japan’s biggest Solar EPC companies and Developers.

MBSL Elite Series products meet international standards including UL, IEC, CE, JIS Q8901, MCS, and having listing under CEC, etc required to sell products across the globe. Furthermore, the company expects to be able to continue to reduce its production costs further through improved system processes and increased efficiencies.

Moser Baer India headquartered in New Delhi, is a leading global tech-manufacturing company. The company also emerged as the first to market the next-generation of storage formats like Blu-Ray discs in India.

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