Solar Module Maker Central Electronics Sold to Nandal Finance for ₹2.10 Billion

CEL has a solar cell and module manufacturing capacity of 10 MW and 38 MW, respectively

November 30, 2021

/ Harsh Shukla
/ Finance and M&A, Solar
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The Union Government has approved the sale of the government-owned solar cell and module manufacturer Central Electronics Limited (CEL) to Nandal Finance and Leasing Private Limited for ₹2.10 billion (~$28.02 million).

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Harsh Shukla

More articles from Harsh Shukla.
BidsCCEACELCellDisinvestmentModulesNandal FinanceSolar
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