Vikram Solar shifts expansion focus to Tamil Nadu, Bengal unit to see limited growth

Kolkata, August 20 (PTI) city -based solar panel Maker Vikram Solar Ltd, the company’s 17.5 GW solar module and an aggressive increase in the 12 GW solar cell, even if the new capacity expansion will be seen by FY27 by FY27.

Currently, the company is running a 4.5 GW module capacity with 1.3 GW in the Falta Sez in Falta Sez in West Bengal.

However, the share of the lion’s new projects will come in Vallam and Gangaikondan in Tamil Nadu, including a large integrated solar cell and module facility, including a significant capital expenditure. Vikram Solar will invest in Western Bengal LaTo add 2 GW modules to the Falta unit, 400 Crore took its total capacity to 5.5 GW.

“We aim to reach 17.5 GW module and retrospective integration for 12 GW cell capacity,” CMD Gyanesh Chaudhary said, “27 financially.” He said.

In the first stage, expansion, including 6 GW modules and 3 GW cell production, will be financed by a mixture of public offering, debts and incentives. Tamil Nadu will reach out La900 Crore in subsidies to the company through the life cycle of new projects.

By the way, Vikram Solar LaOpened on August 19 and closed on August 21, 2.079.4 Crore IPO is already exaggerated 4.4 times. Company trained La620.81 Crore from 43 Corporate Investors through the Capa Book on August 18th.

The problem consists of a new problem LaSales offer by 1,500 crore and promoters. Post-Sicil, promoter shares will drop from 77.6 percent to 63.1 percent.

Also, Vikram Solar secured it La1,700 CRORE debt financing from IRA, La528 Crore and Tamil Nadu Subsidies LaIt will support 900 Crore projects.

Founded in 2006, Vikram Solar is one of the largest solar module manufacturers of India, and now trying to build a completely integrated solar ecosystem with retrospective connections to cell production.