+
Viney Equity Market Co-Leads Rs.7.15 Bn Investment in Vikram Solar
POWER & RENEWABLE ENERGY

Viney Equity Market Co-Leads Rs.7.15 Bn Investment in Vikram Solar

In a significant development for India's renewable energy sector, Viney Equity Market has partnered in leading a ?7.15 billion investment round in Vikram Solar. This investment marks a major milestone for Vikram Solar, a leading solar energy solutions provider in India.

The funding round, which also includes participation from other investors, underscores growing investor confidence in renewable energy ventures. It is expected to fuel Vikram Solar's expansion plans, enhance its manufacturing capabilities, and bolster its research and development efforts in solar technology.

Vikram Solar, known for its expertise in solar photovoltaic technology and solar EPC (Engineering, Procurement, and Construction) solutions, aims to leverage this investment to strengthen its market position and contribute to India's renewable energy goals. The company has been actively involved in developing solar projects across the country, contributing to the expansion of clean energy infrastructure.

The investment comes at a time when India is scaling up efforts to increase its renewable energy capacity and reduce carbon emissions. The government's focus on promoting solar power as a sustainable energy source has created favourable conditions for investments in solar technology companies like Vikram Solar.

Industry analysts view this funding round as a positive sign for the renewable energy sector, highlighting the potential for growth and innovation in India's solar industry. As Vikram Solar prepares to utilise the investment to advance its technological capabilities and market reach, stakeholders anticipate further advancements in the adoption of solar energy solutions nationwide.

In a significant development for India's renewable energy sector, Viney Equity Market has partnered in leading a ?7.15 billion investment round in Vikram Solar. This investment marks a major milestone for Vikram Solar, a leading solar energy solutions provider in India. The funding round, which also includes participation from other investors, underscores growing investor confidence in renewable energy ventures. It is expected to fuel Vikram Solar's expansion plans, enhance its manufacturing capabilities, and bolster its research and development efforts in solar technology. Vikram Solar, known for its expertise in solar photovoltaic technology and solar EPC (Engineering, Procurement, and Construction) solutions, aims to leverage this investment to strengthen its market position and contribute to India's renewable energy goals. The company has been actively involved in developing solar projects across the country, contributing to the expansion of clean energy infrastructure. The investment comes at a time when India is scaling up efforts to increase its renewable energy capacity and reduce carbon emissions. The government's focus on promoting solar power as a sustainable energy source has created favourable conditions for investments in solar technology companies like Vikram Solar. Industry analysts view this funding round as a positive sign for the renewable energy sector, highlighting the potential for growth and innovation in India's solar industry. As Vikram Solar prepares to utilise the investment to advance its technological capabilities and market reach, stakeholders anticipate further advancements in the adoption of solar energy solutions nationwide.

Next Story
Technology

Minda, Qualcomm Join Forces for Smart Auto Cockpit Tech

Minda Corporation Limited, the flagship of the Spark Minda Group, has announced a strategic partnership with Qualcomm Technologies, Inc. to develop intelligent and connected cockpit solutions for the Indian automotive market. The upcoming smart interface will be powered by Qualcomm’s Snapdragon Cockpit Platform.Commenting on the collaboration, Suresh D, Group CTO of Minda Corporation, said, “This partnership with Qualcomm Technologies marks a major milestone in advancing Minda’s digital cockpit capabilities. By utilising Qualcomm’s cutting-edge automotive platforms, we can now offer se..

Next Story
Infrastructure Transport

Railways Spent Rs 604.7 Billion on Passenger Subsidy in FY24

New Delhi – The Indian Railways provisionally spent Rs 604.7 billion in subsidies during the financial year 2023–24, covering 45 per cent of passenger travel costs, Railway Minister Ashwini Vaishnaw informed the Lok Sabha on Wednesday.In a written response to questions from multiple Members of Parliament regarding the recent rail fare hike, Vaishnaw stated that the Indian Railways continues to offer one of the most affordable transport services globally, ferrying over 7.2 billion passengers annually."The total amount of subsidy provided in FY 2023–24 on passenger travel is provisionally ..

Next Story
Infrastructure Urban

Auto Sector Can Cut Emissions by 87% by 2050: CEEW

India’s automobile industry could reduce its manufacturing emissions by 87 per cent by 2050 through a shift to green electricity and low-carbon steel, according to a study released by the Council on Energy, Environment and Water (CEEW).The report estimates that if original equipment manufacturers (OEMs) and their suppliers target net-zero emissions by 2050, annual emissions could fall from a projected 64 million tonnes of CO₂ (under the business-as-usual scenario) to just 9 million tonnes. This would require OEMs to adopt 100 per cent green electricity and steel suppliers to source 56 per ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?