Moser Baer India (CMP=Rs 116.90) has secured an export order worth $500 million for supply of solar modules to a major European solar system integrator.
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 agreement with a cumulative value of more than $500 million, envisage supply of amorphous silicon Gen 8-5 thin film panels by PV Technologies India, Moser Baer’s photovalic subsidiary, up to the year 2012.
In June 2008, Moser Baer signed an agreement with Tamil Nadu government for setting up a plant at Oragadam near Chennai, to produce nano materials and photovoltaic products at an estimated cost of Rs 2,000 crore.
Moser Baer India 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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