German acquisition to boost revenues by 50-80%: Surana Grp

Narender Surana, managing director of Surana Group, which recently acquired Schott Solar, a German based solar plant is confident about their revenues growing by 50 percent to 80 percent this year. 

Surana said, we identified one of the best companies in Germany by the name Schott Solar whose solar cell and wafer manufacturing capacities were on sale. ”We bought their facilities for manufacturing solar wafer and solar cells, with a capacity of 130 Mega Watt and solar modules as well.” He added. That would take their capacity to approximately 200 MW by this year end, he said. Commenting on revenues, he said, “Our revenues would grow at least by 50-80 percent this year over last year.” The growth in revenues is not only by way our products but also the solar generating plants which we are envisaging, he added. The total investments that they plan this year are in excess of Rs 300 crore, he stated.