Moser Baer (India) official said the company might consider initial public offer (IPO) for its arm Moser Baer Clean Energy next year
The company also said it planned to raise funds for solar energy operations.
Moser Baer Clean Energy, a renewable energy development company, focuses on the implementation of grid connected solar photovoltaic (PV) projects.Company has projects in states like Tamil Nadu, Gujarat and West Bengal, which are under implementation, according to the company's website.
At 13:22 hours IST, the share was trading at Rs 34.15, up Rs 0.35, or 1.04%, with volumes of 157,800 shares.
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