Swelect Energy Systems (formerly known as Numeric Power Systems) announced its foray into solar PV modules with the acquisition of 49 per cent equity for a consideration of Rs. 22 crore in HHV Solar, a leading solar modules manufacturing company in India.
According to R. Chellappan, Managing Director, Swelect Energy, “ through this association, Indian customers would be offered quality products with all international certifications and faster rollout.
According to V. M. Sivasubramaniam, Chairman of Swelect, the high quality SPV modules from HHV Solar would complement the individual strengths of the two companies and add value to customers.