EnergyAfter close
Emmvee Photovoltaic plans ₹55 billion expansion amid solar demand
after close1 source ↓written by the desknot a recommendation
- approximately
- ₹55 billion
- to expand
- $625.75 million
- by mid-2028
- 16.3 GW
- long-term debt
- ₹16.21 billion
- be financed
- 60% debt
Emmvee Photovoltaic Power is set to invest ₹55 billion (approximately $625.75 million) to expand its manufacturing capacity, targeting 16.3 GW by mid-2028. This comes as the company prepares for its IPO on 11 Nov 2023, aiming to reduce its ₹16.21 billion long-term debt. The expansion will be financed through 60% debt and 40% equity.
Not investment advice. For informational purposes only.