~Aims to fulfill the same with advanced Hypersol N-Type Glass-to-Glass Modules
Kolkata, 17th January 2025: Vikram Solar, a leading Indian solar photo-voltaic (“PV”) module manufacturing company, has announced that it has secured a significant order to supply 1GW of solar modules. This milestone project underscores the company’s commitment to driving the renewable energy transition across India. Under this contract, Vikram Solar will supply its advanced Hypersol N-Type Glass-to-Glass Modules (580Wp and above) to fulfill the order. The modules are specifically designed to deliver enhanced efficiency, making them ideal for large-scale solar installations.
The modules will be deployed in the states of Karnataka, Gujarat and Rajasthan in India as part of this initiative. Manufacturing of the modules will be undertaken at Vikram Solar’s state-of-the-art facilities in Falta (West Bengal) and Oragadam, (Chennai), ensuring high-quality production standards.
Mr. Gyanesh Chaudhary, Chairman & Managing Director, Vikram Solar shared, “We are ecstatic to be a part of this pivotal project. With this order win, we aim to demonstrate our technical expertise and leadership in module manufacturing, specifically with our advanced Hypersol N-Type Glass-to-Glass Modules (580Wp and above). Engineered for enhanced efficiency, these modules are ideal for large-scale solar installations. The collaboration evidences our commitment to deliver innovative solutions and foster long-term partnerships in our vision to power the world with clean energy.”
This order highlights Vikram Solar’s strong market presence and the growing demand for its high-performance solar modules. With this project, the company continues to solidify its position as a trusted partner in India’s solar energy sector.
About Vikram Solar:
Vikram Solar Limited is one of the leading Indian solar module manufacturers, specializing in efficient photovoltaic (PV) module manufacturing, with an international presence across 39 countries. Headquartered in Kolkata, West Bengal, it is one of the largest PV module manufacturers in India with cumulative production capacity of 3.5 GW as of March 31, 2024. 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 Bloomberg NEF. Vikram Solar Limited has established a pan-India presence through an extensive distributor network of 41 authorized distributors 64 dealers, and 67 system integrators.
Disclaimer
Vikram Solar Limited (“Company”) 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 Securities and Exchange Board of India (“SEBI”). The DRHP is available on the websites of the Company at www.vikramsolar.com, SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers, JM Financial Limited at www.jmfl.com, Equirus Capital Private Limited at www.equirus.com, Nuvama Wealth and Investment Limited at www.nuvamawealth.com, UBS Securities India Private Limited at www.ubs.com and PhillipCapital (India) Private Limited at www.phillipcapital.in and the websites of the stock exchange(s) 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 DRHP and the RHP/Prospectus, when available. Potential investors should not rely on the RHP/Prospectus for any investment decision.
Website: www.vikramsolar.com.
For further information, please contact: Srabani Sen| Vikram Solar | Mobile: +91 7349661300| Email: press@vikramsolar.com
