Vikram Solar Expands Module Production with 1 GW Addition in WB
POWER & RENEWABLE ENERGY

Vikram Solar Expands Module Production with 1 GW Addition in WB

Kolkata-based Vikram Solar has expanded its manufacturing capacity by 1 GW at its Falta facility in West Bengal. Additionally, the company has upgraded its Oragadam facility in Chennai, Tamil Nadu, to produce advanced Tunnel Oxide Passivated Contact (TOPCon) and Heterojunction Technology (HJT) solar modules. With these developments, Vikram Solar’s total annual production capacity has increased to 4.5 GW. 

Chairman and Managing Director Gyanesh Chaudhary stated that the expansion will enhance the company’s ability to manufacture high-quality solar modules, reinforcing its position in the industry. 

In October 2024, Vikram Solar filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to raise up to Rs 15 billion through an initial public offering. The offer also includes a sale of up to 17.45 million equity shares by the promoter group. 

The company plans to allocate Rs 7.93 billion for capital expenditure via its subsidiary, VSL Green Power, to establish a 3 GW solar cell and module manufacturing facility. Additionally, Rs 6.03 billion will be used to expand module production capacity to 6 GW. 

Vikram Solar aims to scale its production to 10.5 GW by FY 2026 and 15.5 GW by FY 2027, which includes a planned 3 GW solar cell facility in Tamil Nadu.
 
According to Mercom India’s research report on India’s solar PV manufacturing sector, India added 11.3 GW of solar module and 2 GW of solar cell capacity in the first half of 2024. By 2026, the country's solar module capacity is expected to reach 172 GW, while solar cell capacity is projected to approach 80 GW, with Mono PERC technology dominating module and cell production. 

(Mercom)     

Kolkata-based Vikram Solar has expanded its manufacturing capacity by 1 GW at its Falta facility in West Bengal. Additionally, the company has upgraded its Oragadam facility in Chennai, Tamil Nadu, to produce advanced Tunnel Oxide Passivated Contact (TOPCon) and Heterojunction Technology (HJT) solar modules. With these developments, Vikram Solar’s total annual production capacity has increased to 4.5 GW. Chairman and Managing Director Gyanesh Chaudhary stated that the expansion will enhance the company’s ability to manufacture high-quality solar modules, reinforcing its position in the industry. In October 2024, Vikram Solar filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to raise up to Rs 15 billion through an initial public offering. The offer also includes a sale of up to 17.45 million equity shares by the promoter group. The company plans to allocate Rs 7.93 billion for capital expenditure via its subsidiary, VSL Green Power, to establish a 3 GW solar cell and module manufacturing facility. Additionally, Rs 6.03 billion will be used to expand module production capacity to 6 GW. Vikram Solar aims to scale its production to 10.5 GW by FY 2026 and 15.5 GW by FY 2027, which includes a planned 3 GW solar cell facility in Tamil Nadu. According to Mercom India’s research report on India’s solar PV manufacturing sector, India added 11.3 GW of solar module and 2 GW of solar cell capacity in the first half of 2024. By 2026, the country's solar module capacity is expected to reach 172 GW, while solar cell capacity is projected to approach 80 GW, with Mono PERC technology dominating module and cell production. (Mercom)     

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?