+
Vikram Solar to invest Rs 5,000 cr to double capacity to 5,000 MW
POWER & RENEWABLE ENERGY

Vikram Solar to invest Rs 5,000 cr to double capacity to 5,000 MW

Kolkata-based Vikram Solar to set up a 1.3 GW solar photovoltaic (PV) module manufacturing facility in Tamil Nadu taking its total capacity to 2,500 MW, and becoming the biggest domestic solar panel manufacturer in the country.

This would be the first solar manufacturing facility in Tamil Nadu.

The company said that the cumulative PV module manufacturing capacity of Vikram Solar will reach 2.5 Gw with this facility unit, which is currently the largest in India.

Senior company executives said the Rs 200 crore would be invested in the new facility. Unlike its existing manufacturing unit, the new facility is not in the special economic zone (SEZ), which makes it suitable for the duty reliefs that the Centre has given to the domestic solar manufacturing industry.

Vikram Solar’s manufacturing footprint consists of a 1.2 Gw facility in Falta, West Bengal, and a 1.3 GW new facility in Chennai, Tamil Nadu. The company has sent over 3.5 Gw PV modules globally.

Managing Director, Vikram Solar, Gyanesh Chaudhary, said this is an extension of our endeavor to give reliable, high quality, technologically better products and timely delivery to our customers. Further, it will contribute as a Research and Development (R&D) platform for next-generation module technology.

The company said that they have executed a digital production display board, the Internet of Things (IoT), Artificial Intelligence (AI) enabled inspection for zero-defect amongst various such emerging technologies.

The digitisation initiatives allow seamless processes such as lean manufacturing, reducing and controlling wastages, it said.

Vikram Solar is striving to be a 5 Gw manufacturing capacity company.

CEO of Vikram Solar, Saibaba Vutukuri, said that the Production-Linked Incentive (PLI) scheme for solar manufacturing would also advance capacity enhancement. The estimate of our 5 Gw capacity would stand at Rs 5,000 crore.

Image Source


Also read: NTPC, SolarArise emerge as winners for 450 MW solar projects in MP

Kolkata-based Vikram Solar to set up a 1.3 GW solar photovoltaic (PV) module manufacturing facility in Tamil Nadu taking its total capacity to 2,500 MW, and becoming the biggest domestic solar panel manufacturer in the country. This would be the first solar manufacturing facility in Tamil Nadu. The company said that the cumulative PV module manufacturing capacity of Vikram Solar will reach 2.5 Gw with this facility unit, which is currently the largest in India. Senior company executives said the Rs 200 crore would be invested in the new facility. Unlike its existing manufacturing unit, the new facility is not in the special economic zone (SEZ), which makes it suitable for the duty reliefs that the Centre has given to the domestic solar manufacturing industry. Vikram Solar’s manufacturing footprint consists of a 1.2 Gw facility in Falta, West Bengal, and a 1.3 GW new facility in Chennai, Tamil Nadu. The company has sent over 3.5 Gw PV modules globally. Managing Director, Vikram Solar, Gyanesh Chaudhary, said this is an extension of our endeavor to give reliable, high quality, technologically better products and timely delivery to our customers. Further, it will contribute as a Research and Development (R&D) platform for next-generation module technology. The company said that they have executed a digital production display board, the Internet of Things (IoT), Artificial Intelligence (AI) enabled inspection for zero-defect amongst various such emerging technologies. The digitisation initiatives allow seamless processes such as lean manufacturing, reducing and controlling wastages, it said. Vikram Solar is striving to be a 5 Gw manufacturing capacity company. CEO of Vikram Solar, Saibaba Vutukuri, said that the Production-Linked Incentive (PLI) scheme for solar manufacturing would also advance capacity enhancement. The estimate of our 5 Gw capacity would stand at Rs 5,000 crore. Image Source Also read: NTPC, SolarArise emerge as winners for 450 MW solar projects in MP

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code