PLG Power to list in London and in India

Posted on April 26, 2011 by


PLG Power plans to raise about Rs 3,000 crore by listing in the London and Indian markets this year. PLG power is the energy and power arm of the PLG Group, focussed on solar power sector. The company expects to complete the process of listing on the Alternative Investment Market (AIM) by June or July and on the Indian stock exchange,by August. AIM is the London Stock Exchange’s platform for smaller growing companies.

Company aims to raise about Rs 2,200 crore from AIM, and the rest around Rs. 800 Crores will come from the Indian market. The corpus is planned to be deployed in the manufacturing of solar cells,  modules and wafers. The company currently manufactures solar photo-voltaics in Nashik, which will have a capacity of 100 MW by June 2012.

Read  – The future of solar

 

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