Moser Baer PV, a subsidiary of Moser Baer India, today said it would invest maximum of $125 million (about Rs 625 crore) for manufacturing solar photovoltaic cells this current fiscal year.
Solar photovoltaic (PV) cells convert solar radiation into direct current electricity.
"We would be investing about 100-125 million in the current financial year (2010-11)," Dr Rajiv Arya, CEO Moser Baer photovoltaic business told reporters here.
On its listing plans, Arya said a team in the company was working on it but it was difficult to say when it was likely to happen.
Moser Baer PV that has manufacturing facilities in Greater Noida (UP), Chennai (Tamil Nadu) and Andhra Pradesh, says it will be reviving some of its expansion plans that it had previously postponed.
"We had put the expansion of our Chennai and AP plants on hold due to economic downturn but now we are reviving them," he said.
The company currently manufactures 90 Mw Polycrystaline PV cells and 50 Mw thin-film cells.