TN Govt MoU With Vikram Solar To Set Up Rs 15K Cr Plant In Tirunelveli
Chennai: The Tamil Nadu government on Thursday signed an MoU with solar energy solutions provider Vikram Solar to set up a Battery Energy Storage Systems manufacturing facility at SIPCOT Industrial Park at Gangaikondan in Tirunelveli district with an investment of Rs 15.037 billion. The mega project will create direct and indirect employment opportunities for 2,670 people.
The MoU was signed at the Secretariat in the presence of Chief Minister C Joseph Vijay during an event organized by the Ministry of Industry, Investment Promotion and Commerce.
Vikram Solar was represented by Gyanesh Chaudhary, Chairman and Managing Director; Arun Mittal, Chief Executive Officer; and Ashwini Agarwal, Capital Investment Project Director.
Vikram Solar already has a strong manufacturing presence in the state with two operational Solar Photovoltaic (Solar PV) module manufacturing facilities located at Oragadam and Vallam. Additionally, the company has set up an integrated manufacturing complex for solar PV cells and modules in Gangaikondan.
The Rs 15,037 crore expansion into advanced Battery Energy Storage Systems (BESS) underlines the company’s deepening commitment to Tamil Nadu’s strong industrial ecosystem and its transition to green energy, the statement said.
Tamil Nadu Industries Minister S Keerthana, Chief Secretary M Saikumar, government officials and corporate leaders were present at the event.
