XL Telecom - Press Release
XL Telecom & Energy Ltd has announced that the Company has been focusing in the NON CONVENTIONAL ENERGY sector since 1994 and has recently refocused on Export Market of Solar Panels of higher Capacity for niche Grid Connected Segment. XL has been investing heavily for last 18 months its efforts to get orders from Europe and emerging US Market for its products. XL is focusing emerging Grid Connected Solar Solutions, which is growing at a fast pace recently as against conventional Stand alone Solar Power Systems.
The Company has been successful in securing additional orders worth Rs 2.344 Billion for the supply of 14 MW Solar Panels to the European Market, and the customers is an existing and current large Power Utility Company in Europe.
The Total Pending Order Book for the Export of Solar Panels to with this Order stands at Rs 5 Billions plus. The Company is bullish on entering as a vendor with this large Power Utility Company and is confident that over the period the customer engagement will be extremely fruitful with multiple repeat orders as is seen currently with this additional order. The Company is working smooth execution of these orders with financial year ending of June 30, 2008.
XL Telecom has recently announced its entry into Alternative Power Generation through its wholly owned subsidiary Saptashva Solar Ltd, which has announced its initial plans of establishing 38 MW with in the 2008 calendar year in Spain and India. As EPC contracts for these power projects will come to the holding Company XL Telecom & Energy, the Company see good visibility for the current and next financial year in terms of Top Line guided for the solar business.
Tags: XL Telecom