New Delhi: Kolkata-based Vikram Solar plans to double its order-book in engineering, procurement and construction segment of solar cells to Rs 1,400 crore by March 2013, a company official said.
"The company's current order-book for the EPC segment is about Rs 600 crore to be executed by March 2013 and the overall target for 2012-13 in the EPC segment is Rs 1,400 crore," Gyanesh Chaudhary, Director, Vikram Solar told.
Of the total targetted order-book for fiscal 2012-13, about 40-50 per cent is in various stages of implementation, Chaudhary said.
Vikram Solar entered into a tie up with Spanish solar company Proener to take up EPC contracts of large solar power projects, last year.
The 51:49 joint venture company named Vikram-Proener Projects will bid for EPC contracts of large solar power plants across the country and overseas.
Meanwhile, the company is planning to pump in Rs 100 crore for setting up a solar cell manufacturing facility at Falta, near Kolkata.
"We are looking at setting up the facility at Falta, near Kolkata for cell manufacturing," he said adding that it would invest Rs 100 crore for first phase of manufacturing.
This is in attempt to expand the company's cell manufacturing capacity from the current level of 60 MW.
The company has so far invested Rs 110 crore for the expansion and another Rs 60 crore would be invested in the next six months, he added.
The firm is looking for another location outside West Bengal for solar wafer manufacturing facility.