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Solar tracker manufacturer advances IPO plans
PMEA Solar Tech’s IPO funds manufacturing expansion as demand rises for utility scale solar trackers across India’s renewable projects nationwide.
PMEA Solar Tech Solutions plans an IPO featuring a ₹600 crore fresh issue and an offer for sale of 1.12 crore shares. The company manufactures solar tracker systems for utility scale projects. Proceeds will support manufacturing expansion and working capital needs aligned with India’s accelerating solar capacity additions across national renewable energy deployment programs supporting grid scale installations nationwide growth.