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Manz Automation bags Rs 300 cr orders for solar equipmentNew Delhi, Nov 09, 2008 (Asia Pulse Data Source via COMTEX) -- Manz Automation India Pvt Ltd, a joint venture between German solar technology firm Manz Automation and Delhi-based Technicom-Chemie, has bagged orders worth 50 million euros (Rs 300 crore approx) to provide solar power equipment, a top official of the company said. Orders for the equipment have been placed by Tata BP Solar, Moser Baer and Solar Semiconductors Ltd. "We have received orders worth 50 million euros from three companies -- Tata BP Solar, Moser Baer and Solar Semiconductors," Manz Automation India Pvt Ltd Managing Director Ajay Chauhan told PTI. Manz Automation formed (75:25) joint venture with Technicom-Chemie for the promotion of solar power in India. The JV company will market the high technology solar energy equipment and provide technical support for generating power through renewable sources. Manz Group, which is likely to set up manufacturing facilities in India, is expected to have a turnover of Rs 1,500 crore this fiscal. Manz Automation are manufacturers of automation equipment, cell tester, wafer tester and back-end printing line for solar cells. |