Energy sector projects by Essel Group in Multi location

Project Information

6593
Essel Group
Essel Group forms JV with J A Solar to set up manufacturing facility in India, Essel Group has entered into a joint venture (JV) agreement with J A Solar,solar energy firm, to launch a solar cell and module manufacturing company in India. The agreement for setting up the JV with 50:50 partnership and equity arrangement was signed between Essel Infra project, the flagship infrastructure arm of the Essel Group and J A Solar. The JV will set up a manufacturing facility in India with an estimated capital expenditure of $150 million (approximately Rs 950 crore) out of which $30-45 million (Rs 190 to Rs 285 crore) will be by means of equity funding.The facility is expected to generate 500 Mw of power per annum.
Project Value
INR 950 Crore /-
JV Agreement Signed
Multi location
Multi State
India
Energy
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