The addition of a manufacturing equipment acquired from Schott Solar will augment India-based Surana Ventures’ revenue by 50 to 80% claims its managing director.
Surana Ventures, part of the Surana Group, which is active in the solar and wind industries as well as telecommunications, copper products, power cables and infrastructure, believes its purchase of Schott Solar equipment could increase its capacity to 200MW by the end of this year.
In January, Surana Ventures, along with 1,309 other bids, acquired 130MW of product from Schott Solar’s facility in Jena, Germany.
Narender Surana, MD Surana Ventures, said the company intends to invest Rs. 300 crores (US$55.56 million) into projects this year.