New Delhi: Lanco Solar Private Limited, arm of Lanco Infratech, yesterday inked a pact with Chhattisgarh to set up 100 MW solar cell manufacturing plant. "Lanco Infratech Ltd (LITL) today announced its subsidiary Lanco Solar signed an agreement with Chhattisgarh. As per the MOU inked today with Chhattisgarh, Lanco Solar will set up 100 MW solar cell manufacturing plant," the company said in a statement.
- For integrated solar PV manufacturing project LITL has already invested Rs 1,200 crore to manufacture Poly-Silicon Refining and Wafer Plant and 150 MW module plant.
- The project is being set up at a 250 acre SEZ location in Rajnandgaon, Chhattisgarh under the National Solar Mission
- Key objective is achieving domestic PV cell production of 2,200 MW per year and the Make in India initiative.
- The project has already approved and committed water and power availability and all clearances for land and its usage.
The MoU was signed yesterday in the presence of Chhattisgarh Chief Minister Raman Singh, state's Industry Secretary Subodh Singh, Lanco Solar President Raj Kumar Roy, Executive Chairman of Lanco L Madhusudhan Rao and Chhattisgarh Chief Secretary Vivek Dhand, the company said.
Lanco is on course to commission it is under construction integrated Solar PV manufacturing project located in this SEZ by September 2016, it added.
Latest News from Business News Desk