MBSL has been exporting solar PV modules to Japan for last 4 years and the volume of shipments has increased significantly in last 9 months. Japan's solar market is growing exponentially, driven by their focus on using renewable energy.
Vivek Chaturvedi, Chief Marketing Officer, Moser Baer Solar said, "Japan traditionally is amongst the world's most quality conscious markets and we are proud to have established an Indian brand in high technology space here. This reiterates India's capability to develop, manufacture and deliver world class products across categories globally. The opportunity is big and we look forward to further our commitments in Japan's journey towards promoting clean energy. A strong quality focus, and our understanding of Japan market sensitivities in general and Japan solar PV business in specific has resulted in this significant growth in shipments."
The earliest installation in Japan using Moser Baer Solar PV Modules is now almost three years old, performing at consistently better levels than estimated by the owners. Moser Baer Solar Elite PV Modules are already popular with Japan's biggest Solar EPC companies and Developers.
MBSL Elite Series products today meet international standards including UL, IEC, CE, JIS Q8901, MCS, and having listing under CEC, etc required to sell products across the globe. Furthermore, the company expects to be able to continue to reduce its production costs further through improved system processes and increased efficiencies.
Shares of Moser Baer India Ltd was last trading in BSE at Rs.3.69, up by Rs.0.03 or 0.82%. The stock hit an intraday high of Rs.3.79 and intraday low of Rs.3.55.
The total traded quantity was 0.97 lakh shares as compared to 2 week average of 3.26 lakh shares.
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