Baba Ramdev’s Patanjali eyes solar power business
Yoga guru Baba Ramdev’s Patanjali Ayurved, the consumer goods company, is poised to diversify into solar power equipment manufacturing.
Patanjali acquired Advance Navigation & Solar Technologies, a manufacturer of navigation aid equipment, in early 2017. Currently, the facility has a manufacturing capacity of 120MW. Patanjali plans to invest around ` 1 billion in solar equipment manufacturing, and its factory in Greater Noida is expected to be fully operational by early 2018.