According to Thehindu.com, leading Indian solar power developer Hindustan Cleanenergy Ltd. (HCL) is aiming at 1 GW of capacity by the end of 2016, and is planning an initial public offer later this year to fund its expansion. At present the company has a capacity of 350 MW, which will increase to 500 MW by the end of this year.
The company has already invested a like sum in building its current capacity of 350 MW.
We are planning an IPO this year to fund our expansion
Raja Wardhan Ghei, CEO-India Solar Business, Hindustan Cleanenergy, told visiting journalists at the company’s 30 MW solar farm in Gunthawada, Gujarat.