Indian conglomerate GMR Infrastructure Ltd said it was entering the solar power area with a 25-mw photovoltaic plant to be set up in Gujarat. The Gujarat Government has approved the proposal, it said in a note to the stock exchanges.
Gujarat is the leader in wind power. Now, the GoG plans to develop 3,000 MW solar energy capacity in the next five years.
The GMR group is aggressively moving ahead in power sector. Currently it has three operational projects totalling 808 MW and 11 projects are in the pipeline totalling 8,448 MW, in thermal and hydel model.
The share ofGMR Infra ended down 2.25 percent at 56.35 rupees in a weak Mumbai market on the friday.