• To ensure assured supply of high quality silicon wafers.
• Deutsche Solar AG is one of the largest global producers of silicon wafers.
   

New Delhi –27th February 2007: Moser Baer Photo Voltaic Limited (MBPV), a wholly owned subsidiary of Moser Baer India Limited (MBI), today announced that it has finalized the tie up, for which discussions had started last year, with Deutsche Solar, a leading global silicon wafer manufacturer, for the supply of silicon wafers. Deutsche Solar is part of the Germany-based Solar World AG Group.
 

"We are delighted to have the strategic sourcing relationship established with Deutsche Solar. Over the years we plan to grow this substantially. This arrangement will ensure that we have an assured supply of silicon wafers of top quality at competitive prices. With the agreement, we have secured over 50% of our short to medium term requirement of silicon” Commented Ravi Khanna, CEO, Moser Baer Photo Voltaic Limited.
 

According to Dr. P Woditsch, CEO, Deutsche Solar AG, “Moser Baer has already demonstrated their global leadership position in the high tech manufacturing businesses, and we believe MBPV is equipped to take an eminent position in the fast growing global photovoltaic business.”
 

MBPV plans to clearly straddle multiple future technologies and emerge as an engineering & technology driven company. The company is decisively responding to the rapidly expanding solar PV market, where worldwide demand far outstrips supply. MBPV is moving towards technological leadership in this high growth industry and developing a sustainable competitive edge by investing into disruptive technologies.
 

About Moser Baer Photo Voltaic Limited
Moser Baer Photo Voltaic incorporated in New Delhi, a wholly owned subsidiary of Moser Baer India Ltd, in the business of photovoltaic (PV) cells and modules. MBPV plans to manufacture solar cells and modules by straddling multiple technologies including crystalline silicon, concentration, nano technology and thin films. The manufacturing facilities are housed in a renewable energy SEZ at Greater Noida.
 

The parent company Moser Baer India Limited is the second largest manufacturer of optical storage media in the world having five state of the art facilities at Noida and Greater Noida. MBI reported revenues of over Rs 1700 cr in FY06.
 

Disclaimer
Certain statements in this release concerning future growth prospects involve risks and uncertainties, especially those relating to future industry outlook and our ability to manage growth and intense competition within the Industry. Actual market conditions and our performance may differ from our guidance. This estimate is based on current market trends. Among other factors, a sharp and sustained strengthening of the Indian Rupee and a significant weakening in global demand could adversely impact the company’s earnings.