Solarworld Energy Solutions files draft papers for Rs 600-cr IPO

Proceeds from the fresh issue to the tune of Rs 420 crore will be used for investment in the company's subsidiary, Kartik Solarworld, for part-financing the establishment of a 1.2 GW Solar PV TopCon manufacturing facility in Pandhurana, Madhya Pradesh, besides a portion will be utilised for general corporate purposes.