Moser Baer India surged 3.17% to Rs 101 at 9:56 IST on BSE, on reports the company plans invest over $800 million in various businesses in the next 18 months.
The stock hit a high of Rs 103.50 and low of Rs 100 so far during the day. The stock has a 52-week high of Rs 344.80 on 3 January 2008 and a 52-week low of Rs 87.90 on 1 August 2008.
The company’s current equity is Rs 168.30 crore. Face value per share is Rs 10.
The company plans to expand its crystalline silicon cell production capacity from 80 megawatt (MW) to 300 MW and thin film capacity from 40 MW to 600 MW by 2010, reports suggest.
On 15 October 2008, the company set up a state-of-the-art digital video processing facility in Chennai, Tamil Nadu.
On 1 October 2008, Moser Baer India secured an export order worth $500 million for supply of solar modules to a major European solar system integrator.
In September 2008, the company’s wholly owned photovoltaic subsidiary signed a pact with a consortium of global investors to raise Rs 411 crore.
Moser Baer India will declare its Q2 September 2008 results on Friday, 24 October 2008. The company reported a net loss of Rs 103.98 crore in Q1 June 2008 as against net profit of Rs 9.64 crore in Q1 June 2007. Net sales rose 2.1% to Rs 478.93 crore in Q1 June 2008 over Q1 June 2007.
The company manufactures storage media for data applications and audio/video applications. It is India's second largest manufacturer of IT & entertainment peripherals in terms of sales.
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