XL Telecom bags Rs 65.8 cr orders

New Delhi, Nov 23: XL Telecom&Energy Ltd today said the company has bagged Rs 65.8 crore orders for export of solar panels to EU.

The total order book for the export of solar panels with this order stands at Rs 2.64 billion which is equal to 16 MW solar panels, a statement said.

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.

It is working smooth execution of these orders with in the financial year ending of June 30, 2008, the statement added.

The company has recently executed one MW solar panel orders pegged at Rs 16 crore in the quarter ending September 30, 2007.

Xl Telecom&Energy Ltd 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.

It has been investing heavily over the last 18 months in its efforts to get orders from Europe and emerging US market for its products.

UNI