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XL Telecom gets Rs.154 crore order
March 25, 2008: Hyderabad-based XL Telecom & Energy Limited has received orders valued over Rs.153.9 crore for supply of solar panels to a major power utility company in Europe.
XL is working towards execution of a major portion of these orders by June 30, 2008, and its European subsidiary Saptashva is in the process of establishing the solar farms for power generation in Europe.
The company is establishing a 120-MW solar cell manufacturing plant along with expansion of module-making capacity by another 40-MW fully automated plant at a cost of Rs.300 crore. It had recently raised $40 million (Rs.160 crore) through an FCCB issue for part funding of the project.
Source: Business Standard