Indosolar bags largest solar cell contract

Indosolar Limited today said it has signed the single largest solar cell supply contract of 60 Mw under the Domestic Content Requirement (DCR) of National Solar Mission with Azure Power India Pvt. Ltd.

B K Gupta, chairman, Indosolar, concluded the definitive agreement with Inderpreet Wadhwa, CEO, Azure Power.

Supplies will commence shortly and will be completed early Q1, 2015, keeping in mind the timeline of the National Solar Mission.

"This first mega deal to supply high efficiency cells of 17.4% average efficiency made at our state-of-art facility, is the start of the revival of large scale domestic manufacturing in India," Gupta said.