Gautam Solar on Tuesday said it plans to raise Rs 1,000 crore through Initial Public Offerings (IPO) in next 12 to 18 months in order to fund its 2 GW solar cell manufacturing project. The proposed solar cell line is part of the company's plan to expand its solar module manufacturing capacity to 5 GW by 2025, Gautam Solar said in a statement.
"Rs 1,000 crore solar cell expansion plan will be funded through an IPO to be launched in the next 12-18 months, supporting further development and innovation," it said.
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