Moser Baer clarifies that investment on Photovoltaic arm will be Rs.79.2 Crores

Moser Baer India Ltd has announced that there have been reports in leading newspapers that the Company will be investing Rs 792 crore in its photovoltaic arm. The Company has clarify that the amount has been misreported. According to the press release published on August 29, 2006, the additional amount approved by the Board of Directors of the Company is Rs 79.2 crore (US$ 17 million) and not Rs 792 crore as mentioned in reports.

Source : Equity Bulls

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