Rolta India plans solar cell factory, to up module capacity - report

Dec 22, 2014 - The power unit of conglomerate Rolta India Ltd (BOM:500366) plans to boost its annual solar module production capacity from 60 MW to 300 MW, while also setting up a cell manufacturing facility.

The company’s plans, which will take up to two and a half years to implement, will require a total investment of between USD 15 million (EUR 12.2m) and USD 20 million, The Press Trust of India (PTI) said Sunday, quoting promoter and managing director, Aditya Singh.

Rolta entered the sector at the very end of September, when it completed a 60-MW photovoltaic (PV) module production facility in Mumbai for a total cost of some INR-1-billion (USD 16m/EUR 13m). Since it wants to become a complete solar solutions provider, the firm now seeks to build a cell factory as well.

For this reason, it is currently holding talks with two Chinese companies about the creation of a joint venture in which Rolta will hold a 51% stake, Singh has said. The discussions are at an advanced stage and the group expects to ink a collaboration deal within the next few months. The purpose of partnering with a Chinese firm is to use its expertise and technology when constructing the new factory, the PTI cited Singh as saying.

Rolta’s strategy also involves offering engineering, procurement and construction (EPC) solutions for rooftop solar installations, solar water pumps, solar telecom towers and other.

(INR 10 = USD 0.158/EUR 0.129)

(USD 1.0 = EUR 0.816)

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