Ganges Internationale to install Rs 40 crore facility

Ganges Internationale, a manufacturer of solar panel mounting structure, will expand its facility to cater to project developers in northern India.

The company is looking to expand its existing 1-GW capacity by another 400 MW through the proposed facility, said a report in Business Line.

It quoted Vinay Goyal, CEO, Ganges Internationale as saying: “We are looking at an investment of Rs 40 crore to be funded from internal accruals, plus term loans.

The facility is likely to be set up in Pune and will be online by the end of this year. The company’s existing manufacturing facility is in Puducherry. The west coast facility will service the requirements of clients in north India.”

Image Credit : giplsolar.com

Research Desk

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