Moser Baer announces strategic sourcing tie-up with Deutsche Solar

Moser Baer India Ltd has announced that Moser Baer Photo Voltaic Ltd (MBPV), a wholly owned subsidiary of the Company, on February 28, 2007 has announced that it has finalized the tie up, for which discussions had started last year, with Deutsche Solar, a leading global silicon wafer manufacturer, for the supply of silicon wafers. The discussions for this contract had started last year with the German Company. Deutsche Solar is part of the Germany-based Solar World AG Group.

"We are delighted to have the strategic sourcing relationship established with Deutsche Solar. Over the years we plan to grow this substantially. This arrangement will ensure that we have an assured supply of silicon wafers of top quality at competitive prices. With the agreement, we have secured over 50% of our short to medium term requirement of silicon" Commented Ravi Khanna, CEO, Moser Baer Photo Voltaic Ltd.

MBPV plans to clearly straddle multiple future technologies and emerge as an engineering & technology driven Company. The Company is decisively responding to the rapidly expanding solar PV market, where worldwide demand for outstrips supply. MBPV is moving towards technological leadership in this high growth industry and developing a sustainable competitive edge by investing into disruptive technologies.

Source : Equity Bulls

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