Vikram Solar Expands Module Production with 1 GW Addition in WB

21 Feb 2025 CW Team

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)

Infrastructure Urban

13 Oct 2025

Blue Dart Unveils 10-Minute Digital Account Opening

Blue Dart Express has introduced its new Digital Account Opening (DAO) platform, enabling businesses across India to open shipping accounts and begin operations within just 10 minutes. The platform features a five-step digital onboarding process, allowing companies to register, complete KYC verification, sign agreements, and recharge prepaid cards quickly and securely. Through the DAO Journey, users can create a profile, select a suitable plan, complete Aadhaar-enabled digital signing, and immediately start shipping with a Digital Prepaid Card. All account activities are tracked in real time..

Jharkhand Forms Teams to Modernise Urban Infrastructure

The Jharkhand Urban Development Department has constituted multiple expert teams to plan, assess, and modernise urban infrastructure across the state’s cities and towns, an official said on Thursday. The initiative aligns with Chief Minister Hemant Soren’s vision to position Jharkhand among India’s leading states in the field of advanced and sustainable urban development. The teams have been tasked with identifying existing infrastructure gaps and proposing new projects to promote stable and long-term growth. According to Sunil Kumar, Principal Secretary of the Urban Development and Ho..

Kerala CM Seeks Rs 22 Billion NDRF Aid, AIIMS Nod from PM

Kerala Chief Minister Pinarayi Vijayan met Prime Minister Narendra Modi in New Delhi on Friday, seeking urgent financial and policy support for the state. The Chief Minister requested the release of the Rs 22.21 billion National Disaster Response Fund (NDRF) grant for Wayanad landslide reconstruction and pressed for immediate approval to establish an AIIMS at Kinaloor, Kozhikode. “Called on the Hon’ble Prime Minister Narendra Modi Ji and requested the urgent release of the full Rs 22.21 billion NDRF grant for Wayanad landslide reconstruction. Also urged immediate approval for establishing..