Mundra Solar to become $1 billion firm in 2-3 years
Mumbai: Mundra Solar PV, the solar photovoltaic manufacturing arm of diversified Adani Group, looks to become a $1 billion company over the next 2-3 years, a top company official said.
The company is also hoping to scale up its manufacturing capacity of modules and cells from the current 1,200 MW to around 3,000 MW in the next 2-3 years. "We are very buoyant on growing our business and we are positive we will expand it depending on the way the government policy comes out which we feel will happen soon," company's chief executive Ramesh Nair said.
He said already actions are on the ground as the government has given the go ahead for pass through of any hike in case of the safeguard duty and the manufacturing policy is in its final stages.