Gondal based company Hiramrut Energies Private (HEPL) is setting up a solar water heater manufacturing unit at Vasla village near Bavla in Ahmedabad district of Gujarat.
The company will set up the facility under its solar water heater manufacturing arm, Sunray. It has already signed an MoU with the Gujarat Government for the unit which will have capacity of about 15 million litres per annum. The project in which it has it has already invested Rs 35 crore is expected to be commissioned by November 2012.
The project is a part of the total investment of Rs 200 crore. Of which, HEPL is also setting up solar photo voltaic (PV) modules manufacturing unit at the new plant with the production capacity of 25 MW per annum. In phase I it has invested about Rs 35 crore while the phase II & III will see another Rs 100 crore each in coming three to four years. The company has managed funds for investment through its internal sources and banks.