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The board of Indosolar Ltd has approved the establishment of a one-gigawatt solar manufacturing plant.
At its Monday meeting, the board also approved Hitesh Chimanlal Donshi’s appointment as its Managing director.
According to a regulatory filing, it also approved the sale of assets that have become obsolete and the establishment of a 1 GW solar module production facility.
Doshi is the Chairman and Managing Director at Waaree Energies Limited (the holding company for Indosolar Ltd.).
Since 1999, he has been associated with Waaree Group. Hitesh Chimanlal Donshi, the elder brother to Viren Chimanlal Dshi, is a non-executive Director of the company.