Thursday, March 8, 2012

Indo Solar Limited - India - Company Information

About the Plant

IndoSolar is commissioning a fully robotic high efficiency, 360 megawatts photovoltaic solar cell manufacturing facility.
Investment: Rs. 1545 crores and factory area: 3,00,000 (300,000) sq.ft.
Phase I of 160 megawatts will be completed by June 2009. Total capacity of 360 MW will be commissioned by March 2010.
Financial year 2012 will have export potential of Rs. 3600 annually (Check from another source).
The PV solar cell will have a minimum maintenance free life span of 25 years.
By 2020, solar cell production may reach 5000 MW in India. Indosolar has plans to reach 1000 Mw by 2015.
Solar energy is expected to represent 60% of world electricity production by the turn of the century. Presently solar energy facilities installed have about 10 GW and by 2012 it will go up to 52GW. (Source: Photon Consulting)
Company Address
Regd. Office: C-12, Friends Colony (East), New Delhi - 110065, India
Company promoted by B.K.Gupta
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Technology
Schmid, the technology partner comprises of 14 units in Taiwan, China and Germany.
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Indian Scenario

Total Installed Capacity (as on 30.6.2009) : 1,50,323.41 MW
Central Sector: 48,970.99 MW
State Sector: 76,364.67
Private Sectory: 24,987.75
Renewable Energy Plants: 13,242.41 MW
Web Site of Ministry of New and Renewable Energy
In the 11th plan (2007-12) 60 cities are to be developed as solar cities. Thane is one of them. As per Government directive all Government buildings should meet 10% fo their energy needs through renewable energy by the year 2010, progressively increasing to 20% by 2020 and 30% by 2030.
1000 MW capacity of solar power is to be achieved by the end of 12th plan 2017
India recently unveiled a plan calling for 20GW of solar power production by 2020. Its 2040 target is 200 GW of solar power.
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Indo Solar - Export Oriented

Indo Solar company is mainly looking at export market. The markets it is looking at are North America, Europe, Japan, and Australia
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References
Advertisement by the Company, Hindustan Times, 25 January 2009,
Tapping Solar Potential, Article in Mint, 11.8.2009, page 16
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Project Implementation News

13.9.2010

Now the company claims to be producing 160 MWp and is projecting that it will be expanded to 260 MWp in 2011.

23.4.2010
Second production line of 80 MWp of Photovoltaic cell was inaugurated by Dr. Farooq Abdullah, Minister for New and Renewable Energy, Govt. of India on 20.4.2010.
The first production line installed was for 80 MW.
Source; Advertisement in Mint dated 22.4.2010 and company website www.indosolar.co.in.
Indo Solar filed a draft red herring prospectus (DRHP) with SEBI. The DRHP is available on the web site of SEBI www.sebi.gov.in  and the web site of bookrunning lead manager www.enam.com
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Other Companies in the Same Area in India

Moser Bayer

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Public Issue

Indosolar's Public Issue opened on 13th September 2010 and it is announced that it will close on 15th Septermber 2010.
 The price band is from Rs. 29 to Rs. 32
The issue amount is Rs. 357 crore.
28.9.2010
The shares were allotted at the rate of Rs.29.


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Interview with Udayan Mukherjee CNBC TV18
http://www.moneycontrol.com/news/ipo-issues-open/will-execute-35current-order-book-by-yr-end-indosolar_484134.html
Interesting point: revenue will be Rs. 6.5cr for MW.

SMC write up on the issue
http://myiris.com/newsCentre/storyShow.php?fileR=20100909174736198&secID=fromnewsroom&secTitle=From%20the%20News%20Room&dir=2010/09/09

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Solar Energy Related Web Pages  - India

Details of Solar Power Projects in Various States of India

Gujarat
http://solar-power.industry-focus.net/index.php/gujarat-solar-power-projects.html

Andhra Pradesh
http://solar-power.industry-focus.net/index.php/a-p-solar-power-projects.html

First Commercial solar power plant in India
India PM Speech on 30.9.2008
Download the final draft of India's National Solar Mission from
Incentives for generation of solar power - Jan 2008
Solar Energy Society of India
Solar Power in India - Technologies, Challenges and Opportunities, 2006
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Related Articles on India  Knol
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Solar Energy
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Originally posted in Knol
http://knol.google.com/k/ indo-solar-limited-india-company-information, Knol number 743
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