– Only solar manufacturing company to feature in the list;
– Reaffirms Vikram Solar’s unwavering resolve to accelerate India’s clean energy transition
Kolkata, April 04, 2023: Vikram Solar, one of India’s leading module manufacturers has been featured in Fortune India’s Next 500 list 2023, a prestigious ranking that recognizes India’s fastest-growing mid-sized companies. The only solar module manufacturing company to be ranked in the list of largest emerging companies, Vikram Solar ranked 167 and staked its claim for the second time within the esteemed ranking.
Commenting on the development, Mr Gyanesh Chaudhary, Chairman & Managing Director, Vikram Solar said, “We are delighted to be featured in the Fortune India’s Next 500 list, which testifies our commitment to our clients and the green energy initiatives across the world. It is recognition of our team’s relentless focus towards innovation, delivering high-quality products and customer centricity. We remain steadfast in our resolve to help build a sustainable future and enable the global clean energy transition. We are re-energized by this recognition and motivated to break boundaries in realising the green energy mission.”
As India aims to achieve its renewable energy targets and transition to a low-carbon economy, Vikram Solar is well- positioned to play a crucial role in driving this transformation. With a strong track-record of delivering complex and innovative projects, Vikram Solar is confident that it will continue to create value for its stakeholders and contribute towards India’s Energy Security powered by clean energy.
About Vikram Solar:
Vikram Solar Limited is one of the leading solar energy solutions provider, specializing in efficient photovoltaic (PV) module manufacturing, with an international presence across 32 countries, portfolio of 1.42 GW EPC projects (commissioned + under execution) and 1,899 employees. Headquartered in Kolkata, West Bengal, it is one of the largest PV module manufacturer in India with cumulative production capacity of 3.5 GW. Vikram Solar is a ‘Top Performer’ in PVEL’s PV module reliability scorecard and has been included in the Tier 1 solar PV modules manufacturer list of BloombergNEF. Vikram Solar deploys technology to design, install and commission solar projects. The company has a distribution network connecting more than 40 cities, ensuring the availability of solar products and solutions across 600+ locations in India*. Website: www.vikramsolar.com
*as on 31st December 2021
For further information, please contact:
Asha Bajpai| Vikram Solar | Mobile: +91 98207 83566 | Email: press@vikramsolar.com
Disclaimer: Vikram Solar Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers, JM Financial Limited at https://www.jmfl.com/ and Kotak Mahindra Capital Company Limited at https://investmentbank.kotak.com, and the websites of the stock exchanges at www.nseindia.com and www.bseindia.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see “Risk Factors” of the RHP, when available. Potential investors should not rely on the DRHP for any investment decision.
