Yash Birla Group to invest Rs 5,400 cr in fabrication unit

Yash Birla Group said on Thursday its group firm Birla Surya would invest Rs 5,400 crore over next five years to set up an integrated facility for fabrication of multi-crystalline silicon wafers and solar photovoltaic cells.

The first phase of the project will involve an investment of Rs 1,493 crore, funded through a debt of Rs 970 crore, the group said in a statement.

Asia Pacific Capital will invest $15 million as private equity in the project. Birla Surya will start commercial production by December 2011, it said.